Citizenship through an investment program in Turkey, initiated by the country in 2016 and commonly known as the “Turkey Golden Visa,” offers foreign investors the opportunity to obtain Turkish citizenship within three to six months.
With amendments made to the Turkish National Law in 2018, the requirements for obtaining citizenship were updated for foreigners owning property. According to these changes, foreigners who purchase property worth USD 400,000 can apply for citizenship along with their spouses and children under the age of 18.
However, a condition for acquiring this citizenship right is that the purchased property cannot be sold for three years. The Turkish government aims to stimulate the local market by making property ownership attractive to foreigners.
Significant legislative changes make property ownership in Turkey appealing and provide various advantages to investors. The growth in Turkey’s real estate market, particularly since the first quarter of 2020, has led the government to implement legislative changes to offer more attractive conditions to investors, including reducing the financial limit from $1,000,000 USD to $400,000 USD and simplifying the process of obtaining a Turkish visa.
Several options are available for those wishing to apply for Turkish citizenship through investment. The most common is to purchase real estate with a minimum value of $400,000.
Other options include investing in government bonds, establishing a business that creates employment for Turkish citizens, making a capital investment of at least $500,000, depositing at least $500,000 in a Turkish bank for at least three years, and investing at least $500,000 in shares of a real estate investment fund or venture capital investment fund for a minimum of three years.
Investors are required to hold their investments for a minimum of three years. Turkey’s new approach is designed to expedite the process and reduce bureaucratic hurdles for foreign investors. According to data from the Turkish Statistical Institute, the share of sales to foreign investors increases every year, directly correlating with a significant rise in real estate sales in the country. In conclusion, the citizenship through investment program in
Turkey is an effective strategy supporting the country’s economic growth and offering various opportunities to foreign investors. Thanks to this program, Turkey continues to attract interest from international investors.
How to Obtain Turkish Citizenship through Investment:
The minimum investment option is to purchase a property of at least $400,000. Other options include investing in government bonds or establishing a business that creates employment for Turkish citizens. You must hold your investment for at least three years.
Purchase real estate valued at least $400,000.
Alternatively, invest at least $500,000 in government bonds and hold the investment for a minimum of three years.
Establish a company that will employ at least 50 people.
Make a capital investment of at least $500,000.
Deposit at least $500,000 in a Turkish bank and retain it for at least three years.
Invest at least $500,000 in shares of a real estate investment fund or venture capital investment fund for a minimum of three years.
You are required to keep your investment for at least three years. The process of obtaining Turkish citizenship through investment involves choosing one or more of these options and submitting an application.