Türkiye
Citizenship by Investment
Economic Benefits of Turkish Citizenship by Investment
Turkey, officially known as the Republic of Türkiye, is strategically located at the crossroads of Europe and Asia. This unique position gives Turkey significant geo-strategic importance. For many years, the country has attracted high levels of foreign direct investments (FDIs). Additionally, the real estate market has been booming and attracted, on average, USD14 billion each year for the last ten years.
Beyond its strong and continuously growing economy, Türkiye offers breathtaking landscapes, from mountain ranges to Mediterranean beaches. Visitors to the country can explore its rich history and vibrant culture.
As a holder of Turkish citizenship by investment, you and your family will not only enjoy these natural and cultural treasures but also gain access to numerous new business opportunities and exciting adventures.
Real Estate for Turkish Citizenship by Investment
In 2018, Türkiye introduced a programme that allows investors to apply for Turkish Citizenship by Investment. This programme offers two main pathways for eligibility. Firstly, individuals can qualify by purchasing real estate valued at a minimum of USD 250,000 and holding it for at least three years. Alternatively, they can deposit USD 500,000 in a Turkish bank for a minimum of three years.
The basis for this programme lies in regulations passed by the Council of Ministers in December 2016. These regulations were established under the Turkish Citizenship Law, Act No. 5901, and its subsequent amendments. Furthermore, in June 2022, the minimum required investment in real estate was increased to USD 400,000. This adjustment reflects the evolving nature of the Turkish real estate market and the country’s economic policies.
Turkey, known officially as the Republic of Türkiye, is located at the crossroads of Europe and Asia. Through spanning two continents, Turkey has significant geo-strategic importance. The country has seen high inflows of foreign direct investments (FDIs) for a number of years. Additionally, the real estate market is booming and attracted on average USD14 billion each year for the last ten years.
Beside a strong and continuously growing economy, Türkiye boasts gorgeous landscapes from mountain ranges to mediterranean beaches. Visitors will be able to discover the country’s rich history and culture. As a citizen of the country, you and your family will have access to many adventures and a number of new business opportunities.
In 2018, Türkiye announced that Investors who purchase real estate worth at least US$250,000 and hold it for 3 years OR deposit US$500,000 in a bank in Turkey for at least 3 years are eligible to apply for Turkish Citizenship. In December 2016, the Council of Ministers passed the regulations 2016/9601 that established the exceptional acquisition of Turkish citizenship based on the Turkish Citizenship Law, Act No. 5901 and its amendments. In June 2022, the minimum required investment into Real Estate was increased to US$400,000.
Quick Facts
Population
>80,000,000
Capital
Ankara
Currency
Turkish Lira
Total Area
783 356km2
Visa Free Countries
111
Language
Turkish
Türkiye Passport Benefits
Becoming a Türkiye citizen will open new opportunities to the investor and transform their lives.
Change for Future Generations
Include your extended family, i.e. parents, grandparents, and children in your application. You will pass on the citizenship by descent to future generations.
Social Benefits and Security
Türikye has a robust offering of social services for any of its citizens. This includes access to free healthcare, and higher education. Any citizen of the country can make use of these offerings even if they do not reside in Turkey full-time.
Possible Access to the EU
The country submitted an application to join the European Union and is awaiting a decision. In case of a successful application, Turkey passport holders will be able to travel and potentially live in any member state.
New Business Opportunities
Turkey has a long history of manufacturing and production in the country. With a growing economy, investors looking to expand into new markets will have access to this vibrant ecosystem as citizens.
Potential E2 Visa to the US
Türkiye citizens are eligible to apply for an E2 business visa to the United States. This type of visa would allow applicants and their family members to live and work in the US upon investing a substantial amount in the economy or purchasing a US Business. A good benchmark for a minimum investment is $100,000.
Return on Investment
The booming real estate market in Turkey heightens the chances for a high return on investment should the applicant decide to sell their real estate after three years.
Why Türkiye
Türkiye’s mix of beautiful nature, historic cityscapes and growing economic opportunities makes this country an attractive option for investors looking to obtain a second citizenship. The strategic location between Europe and Asia is particularly interesting for anyone looking to access new markets.
Investment Options & Other Fees*
Türkiye offers a number of investment options for its citizenship by investment program. Our advisors will gladly provide you with guidance and answer any questions you might have.
*Please note that the below prices are not inclusive of miscellaneous government fees and a legal management fee calculated on a case-by-case basis. Prices are subject to change based on government regulations. Please contact one of our advisors for a personalized quote.
Option 1
Real Estate Purchase $400,000+
It is important to understand that not all properties on the market in Turkey are approved for Citizenship by Investment. The Government of Türkiye has enacted several laws which place strict restrictions on the kinds of properties and their history that are eligible for Citizenship by Investment. Our property portfolio focuses only on properties approved for Citizenship by Investment, and with excellent returns on investment. A property can be sold after 3 years.
Single
Investor
Real Estate Purchase
$400,000
Citizenship Application and Passport Fees (Payable upon grant of approval in principle)
$20,000 main applicant +$5,000 per dependent
Option 2
Investment in a Business
$500,000+
An investor can purchase capital stock of a Turkish company or build their own business in Türkiye. If you decide to build your own business, the company will need to create at least 50 new jobs for Turkish citizens and the investor cannot sell their shares for at least 3 years.
Option 3
Deposit in a Turkish Bank Account
$500,000+
The applicant will need to deposit at least $500,000 in a Turkish Bank account. This amount needs to be held there for at least three years. Afterwards the investor can withdraw the funds.
Eligibility Criteria
In order to qualify to apply for a Türkiye citizenship, applicants must have:
- Clean Criminal Record
- Valid Passport (with a minimum validity of six months)
- National Identity documents from Country of Birth or Country of Residence
- Birth Certificates
- Additional Documentation including CVs, Education, and Work History
- Valid Proof of Address
Türkiye allows applicants to include their close family members as dependents on their Citizenship application. All family members receive their Citizenship Certificates and Passports together.
Eligible Dependents that you can include in an application are:
- A spouse of the primary applicant
- A child of the primary applicant that is younger than 18 years
Restrictions: All Nationalities are eligible to apply for Citizenship in Turkey except Citizens of Syria & Armenia.
The Process
Free Consultation
(30-60 minutes)
Vancis Capital’s Due
Diligence (1 day)
Choose Real Estate Purchase (1-4 weeks)
Preparing your Documents (2-4 weeks)
Purchasing the Real Estate (together with document preparation)
Collection of Real Estate
Documents (2-3 weeks)
Application for Residency and Citizenship (1-2 months)
Due Diligence (4-6 months)
Receive your Türkiye Citizenship
(up to 4 weeks)
Take charge of your future with our expert advisors
Get in touch to discuss how we can help you with your citizenship or residency by investment goals. One of our investment migration experts will contact you to discuss your case. With over 16 years of combined experience our team has helped hundreds of families achieve freedom.
