The Turkish Citizenship Program was established in 2016 with the introduction of amendments to the Turkish Nationality Law. These changes opened up opportunities for foreign individuals to obtain Turkish citizenship through various investment options, contributing to the country’s economic growth and attracting international investors.
Turkish citizenship by investment program gives opportunity to become a citizen of a country with a strategic global position and access to both European and Middle Eastern markets may be enticing for investors and their families. With citizenship comes the ability to live, work, invest and travel freely in Türkiye.
The minimum requirement for Turkish Citizenship Program by Investment is US$400,000. By investing in real estate or capital markets in Türkiye, you open the door to citizenship in a country with a vibrant culture, stunning natural beauty and centuries of history.
The average processing time for Turkish Citizenship is 4-5 months.
Türkiye has a Mediterranean climate with hot, dry summers and mild, rainy winters. The coastal areas of Türkiye bordering the Aegean and Mediterranean Seas have a semi-arid Mediterranean climate. The Black Sea region has an oceanic climate with warm, wet summers and cool, wet winters. The Eastern Anatolian region has a continental climate with hot summers and cold winters.
The official language of Türkiye is Turkish. Türkiye has a diverse culture that spans Eastern European and Middle Eastern influences. As the former center of the Ottoman Empire, Türkiye has a long, rich history and was once home to many ethnic groups from across Europe and the Middle East. This cultural diversity is reflected in Türkiye’s art, food, music, and architecture. Türkiye celebrates a variety of vibrant festivals throughout the year. Some notable Turkish festivals include Eid al-Fitr, Kızılbash Alevi Festival, and Camel Wrestling Festival.
Türkiye has a rapidly growing emerging market economy and is a member of the G20 major economies. The currency used in Türkiye is the Turkish lira (TRY). The strength of the Turkish lira can fluctuate due to various economic factors and global market conditions. Türkiye’s major revenue-generating industries include automotive manufacturing, textiles and apparel, construction, tourism, agriculture, and food processing.
Becoming a citizen of Türkiye comes with some appealing benefits. The Turkish Citizenship by Investment program is one of the most affordable options for obtaining a second citizenship in a developed country with a stable economy.
You are not required to live in Türkiye to keep or renew your citizenship. Once obtained, you have it for life and can pass it down to future generations.
Your spouse and dependent children under 18 years of age can be included in your citizenship application at no additional cost. This provides security and opportunities for your entire family.
As a Turkish citizen, you only pay taxes on income earned in Türkiye. Income from abroad is tax-exempt. This can provide substantial tax savings, especially if you earn income from investments, business or employment overseas.
For starters, you’ll gain global mobility and be able to travel to over 111 countries and territories visa-free. Türkiye plays a crucial role as a strategic link, connecting the East and West, serving as a vital bridge for cultural, economic, and geopolitical interactions between the two regions.
To apply for Turkish citizenship by Investment program, applicant must fulfill one of the following investment options with some other requirements.
One path to Turkish citizenship is by purchasing real estate in Türkiye worth at least US$400,000. This can be residential or commercial property. The property must be held for 3 years.
Consider investing a minimum of US$500,000 in a Turkish real estate fund.
Ensure your fixed capital investment reaches a minimum of US$500,000 to meet the requirements.
Launch a new business venture and generate employment opportunities by hiring 50 Turkish citizens to meet the job creation requirement.
The second option is to deposit at least US$500,000 in a Turkish bank account for a minimum of 3 years. This passive income path may appeal if you prefer not to purchase physical property.
Secure government bonds with a minimum investment of US$500,000 to meet the requirements.
When it comes to Turkish Citizenship by Investment Program, the following family members are eligible to apply along with the main applicant.
As the main applicant, you must invest a minimum of US$400,000 in Turkish real estate to qualify for citizenship. Your spouse and children under 18 are also eligible. To be eligible, you must be over 18 years old and able to provide evidence of the legality of your investment. Additionally, having a clean criminal record and no serious illnesses are requirements for consideration.
Your spouse can apply for citizenship with you as part of the same application. They do not need to make a separate investment. To be eligible, your spouse must meet the following criteria, be over 18 years old, have no criminal record, and possess a clean bill of health. These requirements are necessary for consideration in the process.
Unmarried children under 18 years of age can obtain citizenship with their parents. They do not need to invest or meet any minimum age requirement.
Your parents and grandparents over 65 can obtain citizenship through your investment. They are not subject to the $400,000 minimum investment amount.
Your siblings can apply for citizenship with you, but they must be over 18 and invest a minimum of $400,000 USD each in Turkish real estate. Their spouses and children may be included in their applications.
At Caribbean Island Immigration Services, we start with Form 1 for initial due diligence. After a successful screening, we provide the Client Agreement (CA) for your review and signature.
Once you granted Power of Attorney to our Turkish lawyer, our lawyers handle bank account setup, property purchase, citizenship application, government conformity letter, and short-term residence permits.
Prior to document submission, we conduct a thorough review of your application to ensure compliance with the Investment Office's requirements.
Our legal team performs final checks before submitting the necessary forms. The Investment Office in presidency of republic of Türkiye conducts its own due diligence and paperwork reviews, and we maintain close collaboration to ensure a timely and efficient processing of your application.
Once your application is evaluated and approved by the Investment Office, you will be required to fulfill all required contributions and pay any applicable government fees. Subsequently, Caribbean Islands Immigration Services will facilitate the delivery of the relevant passports to you.
No, you are not required to reside in Türkiye to obtain citizenship through investment. The program allows you to maintain your current residence while gaining access to a powerful second passport.
To qualify for citizenship by investment in Türkiye , you must invest a minimum of $400,000 USD in real estate or $500,000 USD in other options like capital markets, real estate development projects, venture capital funds or government bonds.
The application process typically takes between 4-5 months. The exact timeline depends on the complexity of your application and how quickly you provide the necessary documents. The government aims to process applications as efficiently as possible.
Any profits or income generated from your investment may be subject to taxation in Türkiye . However, you are not required to pay taxes on your initial investment amount. It is best to consult with a tax professional to understand your obligations fully based on your unique situation.
Yes, Türkiye allows dual citizenship. Obtaining citizenship there will not require you to renounce your current citizenship.
The Turkish passport comes 53rd on the list out of 112. The rankings are predominantly down to the number of countries with Visa-free access.
Caribbean Islands Immigration Services provides a full range of
Citizenship & Residency program based on investment from basic
advice and consultation to application document checking and full
representation all at competitive rates.
We operate in complete transparency and provide tailored solutions,
based on our client’s needs, while always being fully compliant with
Goverment rules and regulations.
Speak to our consultant and start your journey today