Feb 5, 2023

Turkish Citizenship by Investment 2024

Turkish citizenship has become one of the most important nationalities that many desire and even dream of, because of its great and multiple importance which makes life different and easier for its holder, in terms of entering many countries without a visa, to being treated like a Turkish citizen. Turkish citizenship has become an important requirement and a necessity sought by many.

In this article, we will talk about the intensive and very remarkable facilities provided by the Turkish government, which have increased the interest of applying for Turkish citizenship by investment for both investors and real estate project owners. Thus, Turkish citizenship is worth the effort and time to obtain it and in order to enjoy its advantages whether inside the country or outside it.

Steps to obtaining Turkish citizenship by investment:

It should be noted that these are only the main steps on how to obtain Turkish citizenship by investment:

Opening a bank account in Turkey.
Proper and correct investment.
Apply for a residence permit.
Applying for Turkish citizenship immediately upon obtaining a residence permit.

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Documents required for applying:

There are several papers and documents that must be ready when applying to obtain Turkish citizenship by investment, which are:

Birth certificate for all applicants and marriage certificate translated into Turkish and certified.
A copy of the passport translated into Turkish and certified for all applicants.
Investor residence permit.
Conformity certificate on the investment from the Directorate of Land Registry.

Best ways to obtain Turkish citizenship

There are several ways to obtain Turkish citizenship by investment, we will mention them as follows:

Buying real estate. Turkey has issued a decision requiring granting Turkish citizenship by investment in real estate through buying of a property worth 400 thousand US dollars, provided that the property is purchased exclusively from a Turkish citizen and that the investor does not sell the property for a period of three years. Here, both the partner and children under the age of eighteen obtain Turkish citizenship as well. This method is considered one of the fastest and most feasible ways to obtain Turkish citizenship by investment, as the process takes only 90 days.
The second way to obtain Turkish citizenship by investment, which is also a fast way, is to make a fixed capital investment of no less than 500 thousand US dollars, confirmed by the Ministry of Treasury and Finance.
The third method is to create job opportunities for at least 50 employees, confirmed by the Ministry of Family, Labor and Social Services.
The fourth method is to deposit at least 500 thousand US dollars in banks operating in Turkey, and keep the deposit for 3 years in those real estate banks, and the Banking Regulation and Supervision Agency must confirm the deposit.
The fifth way to obtain Turkish citizenship through investment is to purchase public debt instruments with a value of no less than 500,000 US dollars and keep them for 3 years, and the Ministry of Treasury and Finance must confirm the purchase.
The sixth method is to buy a property worth $200,000 in any Turkish city, obtain real estate residence permit, and then apply for Turkish citizenship through investment after five years.

Facilities of the Turkish government to obtain citizenship

The Turkish Citizenship Law has undergone several amendments and the conditions for obtaining Turkish citizenship by investment and have become easier than it was previously. So any one fulfills these conditions has the right to apply for Turkish citizenship, which are:

Buying a property in Turkey with a value of 400 thousand US dollars as a minimum, and not selling it for a period of three years. This amendment is considered a very important milestone for those wishing to obtain Turkish citizenship, due to the massive reduction made by the Turkish government, as it reduced the amount from one million dollars to only 400 thousand dollars!
A fixed investment of no less than 500 thousand US dollars.
Providing job opportunities for at least 50 Turkish citizens. Noting that the old condition required providing job opportunities for 100 Turkish citizens.
Reducing the deposit requirement in Turkish banks from $3 million to $500,000.

Paying in other than dollar to buy a property in Turkey to obtain citizenship

Yes, it is possible. The price of real estate is paid exclusively via bank transfers, provided that the transfer is from the buyer’s account inside or outside Turkey to the seller’s account. The value of the property cannot be paid in cash. Payment can be made in Turkish lira or any other currency. The dollar exchange rate is calculated or other currencies are based on the official Turkish lira rate announced in the Turkish Central Bank’s price bulletin on the day of purchase.

Including a partner in the investment of one project

A group of people cannot share to benefit from an investment or real estate condition with one financial restriction. Unless the contribution of each one of them individually is equal to the required amount, such as each person paying $500,000 for investment, or $400,000 per person for buying a real estate, after which there is no objection to participating in one project.

You will notice that it is very rare to see a government that seeks permanently and continuously to introduce laws, facilities and decisions that are in the interest of foreigners, whether they are Arabs or Western people, who wish to trade, own property and invest in Turkey. The facilities that are offered are one of the most important attractions that attract many people with money and investment projects. These facilities will bear fruit in the future and will be a promising and prosperous beginning for a strong and stable economic future that will bring profits and gains for all.

Features of Turkish passport

As we mentioned previously, one of the quickest ways to obtain a Turkish passport is to obtain Turkish citizenship by investment, so in this paragraph we will talk about the advantages of the Turkish passport. The Turkish passport is ranked 35th in the world, and it scored 128 points on the visa-free travel index, as its holder can enter more than 70 countries without obtaining an entry visa in advance, 51 countries with a visa upon arrival, and 7 countries that grant an electronic entry visa.

Turkish citizenship is considered one of the strongest nationalities and enjoys great international competition. Among the countries that a Turkish passport holder can enter without a visa are: Qatar, Japan, South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Brazil, Argentina, Belarus, Bosnia and Herzegovina, Sultanate of Brunei, Chile, Georgia, Serbia, and South Africa. , Thailand, Northern Cyprus, Ukraine, and other countries.

Among the most important countries that allow entry with an immediate visa issued upon arrival are: Kuwait, Bahrain, Lebanon, and most African countries.

It is also possible to enter more than 7 countries using an electronic visa issued online, including: Australia and the Sultanate of Oman.

If you want to know more about obtaining Turkish citizenship by investment, do not hesitate to contact us via WhatsApp, here. Your international real estate consultant will contact you as soon as possible.

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