Turkey Citizenship by Investment: The Definitive Guide 2022

October 10, 2023
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Conditions for Acquiring Turkish Citizenship by Investment
With the amendment numbered 418 made on 07.12.2018 with the Presidency’s decision numbered 106 and published in the Official Gazette on 19.09.2018, foreigners will be able to acquire Turkish citizenship if they meet at least one of the following conditions.

1-) Turkish Citizenship by Fixed Capital Investment
It is necessary to make a minimum capital investment of 500,000 USD (US Dollars) or in a different foreign currency or Turkish Lira equivalent. This amount, which was 2,000,000 USD (US Dollars) before, has been reduced to 500,000 after the change. The capital investment made should be determined through the Ministry of Industry and Technology.

2-) Turkish Citizenship by Purchasing Real Estate
It is necessary to register an immovable with a minimum of 250,000 USD (US Dollars) or a different foreign currency or Turkish Lira equivalent, provided that an annotation that it cannot be sold for a minimum of 3 years is put into the land registry. The transfer and abandonment of the property cannot be made for a period of 3 (three) years in the contract to be drawn up at the notary, after the foreign person has purchased or established a condominium or condominium servitude and has paid at least 250.000 USD (US Dollars) or a different foreign currency or Turkish lira equivalent in cash. must be committed and its annotation to the land registry must be determined by the Ministry of Environment and Urbanization.

3-) Turkish Citizenship by Employment Creation
It is necessary to create employment for a minimum of 50 people (reduced from 100 to 50 with the last law change). Employment must be determined by the Ministry of Family, Labor & Social Services.

4-) Turkish Citizenship by Deposits in Banks
It is necessary to deposit a minimum deposit of 500,000 USD (US Dollars) or a different foreign currency or Turkish Lira equivalent to banks operating in the Republic of Turkey, provided that they are kept for a minimum of three (3) years. The transaction must be determined by the Banking Regulation and Supervision Agency.

5-) Turkish Citizenship with Government Borrowing Instruments
It is necessary to purchase a government debt instrument with a minimum amount of 500,000 USD (US Dollars) or a different foreign currency or Turkish Lira equivalent, provided that it is kept for a minimum of three (3) years. The transaction must be determined by the Ministry of Treasury and Finance.

6-) Turkish Citizenship with Investment Fund Participation Share
It is necessary to purchase venture capital investment fund participation shares or real estate investment fund participation shares amounting to a minimum of 500,000 USD (US Dollars) or a different foreign currency or Turkish lira equivalent, provided that they hold for a minimum of three (3) years. The transaction must be determined by the Capital Markets Board.

In the determination of all monetary values ​​mentioned above, the CBRT (Central Bank of the Republic of Turkey) selling rate or cross rate on the date of determination is taken as basis.

B-) The Process of Acquiring Turkish Citizenship by Investment
In the process of acquiring Turkish citizenship by investment method, the following 3 stages should be proceeded:

B1) Fulfilling at least one of the investment conditions specified in Article 20 of the relevant regulation and obtaining a Certificate of Conformity from the relevant institution.

B2) Obtaining Turkey Short-Term Residence Permit pursuant to Article 31, first paragraph, sub-paragraph J of Law No. 6458.

B3) Application for Turkish citizenship by investment.

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