
Türkiye
Citizenship-by-Investment Program
Straddling Europe and Asia, Türkiye offers a rich cultural heritage and a dynamic economy. It provides access to a 1.5 billion-strong market within a 4-hour flight. The Citizenship-by-Investment Program, launched in 2016, offers visa-free travel to 137 countries and potential EU access.
Key Benefits of Turkish Citizenship
- Citizenship through property investment from USD 400,000.
- No residency requirements before or after obtaining citizenship.
- Visa-free or visa-on-arrival travel to 137 countries, including Singapore, Japan, South Korea, and Hong Kong.
- Large economy, rich cultural heritage, and Mediterranean climate.
- Dual citizenship is allowed, enabling investors to retain their original nationality.
Eligible family members include
Spouse
Children
Dependent children up to age 18.
All dependants must meet due diligence requirements and have a clean criminal record.
Investment Requirements
Applicants must choose one of the following investment options:
- Purchase property worth at least USD 400,000, with a minimum holding period of three years.
- Place the Turkish Lira equivalent of at least USD 500,000 in a Turkish bank for a minimum of three years.
- Invest at least USD 500,000 in a government-approved real estate fund.
- Make a direct capital investment of at least USD 500,000.
- Invest at least USD 500,000 in government bonds, held for three years.
- Establish a business that creates at least 50 jobs for Turkish citizens.
The most popular pathways are real estate purchase and bank deposit.
Additional Fees and Processing Costs
In addition to the investment, applicants are responsible for the following fees:
- Ranges from 1% to 8% on brand-new real estate.
- No VAT on resale properties.
- 4% of the property price (typically split between buyer and seller in new transactions but borne by the buyer in resale).
- 4% total (split between buyer and seller in resale transactions).
- Minor processing fees for citizenship applications.
Application Process
The application process typically takes between four and five months and follows these steps:
01
Month 1
Initial due diligence and signing of a Client Agreement (CA).
Issue Power of Attorney to legal representatives.
Open a Turkish bank account and complete real estate purchase.
Apply for a short-term residence permit and request a government conformity letter.
02
Month 2-4
Comprehensive document review and submission to the Investment Office of the Presidency of Türkiye.
Final legal checks before submission.
03
Month 4-5
Investment Office conducts due diligence and evaluates the application.
Upon approval, applicants complete the required contributions and pay applicable government fees.
Citizenship and Turkish passports are issued.
Türkiye offers a balanced tax environment for residents and non-residents:
- Residents:
Taxed on global income and Turkish earnings. - Non-Residents:
Only taxed on Turkish-sourced income. - Double Taxation Treaties:
Türkiye has agreements with multiple countries to reduce tax burdens for global investors.