The Turkish Citizenship by Investment Program was put in place by the Turkish government and the purpose of its initiation was to fuel foreign direct investments in the country. Since this program was established, countless foreign nationalities have benefited from it and invested in Turkey in return for Turkish Citizenship.
Real estate investment is one of the most popular methods to get Turkish citizenship as this option is much faster and easier for foreigners.
How Much to Invest in Turkey to Get Citizenship?
The Citizenship by Investment Program requires foreigners to make a minimum investment of $400,000 or more in a Turkish property to qualify for a Turkish passport.
You can buy a single property of this value or multiple properties. Nevertheless, the investment has to be $400,000 or a higher amount for buyers to be eligible.
Once you have purchased your desired property, you will then submit your citizenship application. Within 3 to 6 months after your application, you can receive your Turkish passport.
Other Options For Turkish Citizenship by Investment
Here are a few other ways to get citizenship by investing in Turkey.
- Invest at least $500,000 into a Turkish bank account.
- Invest a minimum of $500,000 into government bonds.
- You can invest at least $500,000 in fixed capital contributions.
- Create jobs for at least 50 Turkish people.
- Invest a minimum of $500,000 into a venture capital investment fund share or a real estate investment fund share.
Important Points to Note About Turkish citizenship by investment
- Once you become a Turkish citizen, your spouse as well as your children under the age of 18 can also acquire Turkish citizenship.
- Becoming a Turkish citizen will allow you and your family to live in Turkey year-round.
- You can have all the same rights as the local Turkish people.
- You can choose to work, or even start a business in Turkey.
The main requirements to apply for Turkish citizenship for investors are that they are older than 18, have proof of income, and have no history of living illegally in Turkey.
Here’s How We Can Help You In Your Journey Towards Acquiring Turkish Citizenship
We have a full team of multi-lingual consultants to share valuable market insights with you and help you browse properties to select the one that best meets your criteria.
Not only that, but we will also help you in every step of the buying process to guide you to make a seamless purchase.
Once that’s done, we will help you apply for your Turkish citizenship as well.
All The Ways Investing in Turkey Can Benefit You
A Fast & Easy Citizenship Process
To start with, the Turkish citizenship application process is fast and completely streamlined to help foreign buyers acquire a Turkish passport without any hurdles.
All you have to do is prepare documents, submit your application, and wait for the approval.
Visa-free Travelling
Investing in Turkey and getting Turkish citizenship is perfect for investors who want to travel the world. With a Turkish passport, you can travel to about 110 countries. Some of the countries in this list are Japan, Singapore, Thailand, etc.
Resultingly, investing in Turkey is a phenomenal idea for foreigners who want to enhance their global mobility and don’t want to limit themselves but, instead, explore international markets.
The 18th Largest Economy in the World
Turkey's economy ranks as the 18th largest economy in the world while its strategic location has fueled the boom in various sectors such as real estate, tourism, and healthcare.
A Vibrant and Young Population
According to TUIK, the population of Turkey reached 85,372,377 people in 2023. Turkey has a youthful demographic while also having a highly educated population fit for making a robust workforce.
Unlike the aging and dwindling populations of many European countries, Turkey has a dynamic and well-educated demographic along with a thriving domestic market.
To add to this, the Turkish population also has a large middle-class segment that boasts a robust purchasing capacity.
All this tells us that Turkey is the optimal destination for foreign investors to establish businesses.
A Secure Investment Environment
The Turkish government offers various incentives for investors, one of them being lower taxes. Furthermore, Turkey has created a safe investment environment to ensure the protection of investors’ interests.
Turkey follows international standards concerning laws and regulations on investment, allowing investors equal rights and protection. Resultingly, foreign investments in Turkey have significantly increased since 2020.
An Optimal Location
Turkey’s position in the world is incredibly unique since the country straddles two continents, Europe and Asia, while also enjoying proximity to the Middle East and Africa.
In a way, it acts as a bridge between all these countries. Hence why Turkey has such a rich cultural heritage as well.
Out of all the cities in Turkey, Istanbul is the largest city in Europe and it is also the largest recipient of foreign investments in the country.
Many major international companies have established their headquarters in Istanbul to establish connectivity with this region and benefit from the market. It is, in fact, an affordable way for international companies to have easy access to diverse markets.
To add to this, Turkey also has its own national carrier called Turkish Airlines which travels to 342 destinations across the globe.
To Conclude
Turkey is one of the few countries globally with a transcontinental position. It leverages its strategic position between two continents, serving as a gateway to diverse parts of the world. Therefore, the opportunities for business for foreign investors in this country are abundant.
Let our team assist you in making a lucrative real estate investment to pave the way for you to become a citizen of Turkey.
Our team will guide you thoroughly with its knowledge of the market and all the intricacies that are a part of buying properties. Make your move today and contact us to get connected with the best real estate consultants in the market.
