Turkey
Citizenship by Investment Program
About the program
The Turkish citizenship by Investment program was introduced by the government in 2018 and is focused on real estate investments. The program features a straightforward application process, and investors can benefit from rental income and may re-sell their property.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record.
In addition, you are required to maintain your real estate purchase for a holding period of 3 years.
Investment Options
Investment in real estate: USD 250,000
Every foreign individual that fulfils the conditions set forth in the law can apply for the Turkish Citizenship by investing a minimum required sum in one or more properties in Turkey.
Additional Costs
In addition, there are other costs that need to be covered.
Land Registry fee: 2 % of the purchase price
Official Transfer fee (paid to Land Registry): USD 200
Property Value Report: USD 500 (approx.)
Acquiring a residence permit
Once the real estate transaction is completed the investor will obtain the title deed. The Land Registry Office will then prepare a “Certificate of Conformity” that proves that the investment was made in accordance with the law. You can apply for a residence permit and have the right to renew it until the competition of the citizenship process.
Visa fee per person: USD 100 (approx.)
Residence Permit Fee per person: USD 20 (approx.)
Insurance per person (for adults only): USD 100 (approx.)
Receiving passports
After acquiring the residence permit, the investor and his family have the right to apply for a citizenship to the Civil Registration and Nationality office.
Application fee: USD 100
Benefits
The benefits of obtaining Turkish citizenship include, among others: lifetime citizenship without a need to renounce your current citizenship or the need to visit or reside in Turkey to get it. Visa-free access or visa on arrival to 110+ countries and territories in the world, including Singapore, Hong Kong and Brazil.