Overview of the Program

The Türkiye Citizenship by Investment Program was established in January 2017 with the aim of attracting foreign direct investment and stimulating growth within the Turkish economy, particularly in the real estate sector. This program allows individuals and their families to obtain Turkish citizenship through substantial investments, providing a pathway for investors to access both European and Asian markets.

Investment Requirements

To qualify for citizenship, applicants must meet specific investment criteria. The minimum investment amount is set at USD 400,000 for real estate purchases. Other investment options include:

• Fixed Capital Contribution: A minimum investment of USD 500,000 in fixed capital.
• Bank Deposit: Depositing a minimum of USD 500,000 into a Turkish bank account.
• Government Bonds: Investing at least USD 500,000 in government bonds.
• Venture Capital Fund: Contributing a minimum of USD 500,000 to a venture capital fund.
• Private Pension System: Investing in a private pension system with a minimum holding period of three years.
• Job Creation: Creating jobs for at least 50 people as verified by the Ministry of Family, Labour and Social Services.

Eligibility Criteria

The main applicant can include their spouse and dependent children under the age of 18 or children with disabilities in their application. There are no specific residence requirements; however, applicants must maintain their investment for a minimum of three years.

Application Process

• Choose an Investment Option: Applicants must select one of the qualifying investment routes outlined above.
• Open a Bank Account: The main applicant is required to open a bank account in Türkiye.
• Prepare Documentation: Necessary documents include proof of investment or contribution, valid passports for all family members, clean criminal records, and other supporting documents.
• Submit Application: After preparing all documents and completing the investment, applicants submit their application to the relevant authorities.
• Biometric Submission: Successful applicants must visit Türkiye to submit biometrics as part of the residence application process.
• Receive Citizenship Documents: Once approved, citizenship documents are issued, allowing applicants to apply for Turkish passports.

Benefits of Turkish Citizenship

Obtaining citizenship through this program offers several advantages:

1. Visa-free travel to numerous countries including Hong Kong, Japan, and Singapore.
2. The right to live, work, and study in Türkiye.
3. Access to strategic markets bridging Europe and Asia.
4. Tax Considerations

It is important for potential investors to be aware that Turkish gift and inheritance taxes apply to worldwide assets held by Turkish citizens. Seeking professional advice regarding tax implications is recommended.

Conclusion

The Türkiye Citizenship by Investment Program presents an attractive opportunity for high-net-worth individuals seeking global mobility and access to diverse markets while contributing positively to the Turkish economy through various forms of investment.