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How Do I Apply for Turkish Citizenship Through Investment?

28th December 2018

How Do I Apply for Turkish Citizenship Through Investment?

Turkey has made it easier to become a Turkish citizen through investment.  The required limits for a foreigner to obtain Turkish citizenship have been reduced in a bid to increase investment.

The limit of fixed capital investments to acquire Turkish citizenship for foreigners has now been reduced from $2 million to $500,000.

Foreigners who own real estate in Turkey with a minimum of $250,000 instead of previously $1 million, can apply for Turkish citizenship

Previously there was a minimum deposit requirement in a Turkish bank account of $3 million this has also now been reduced to $500,000.

Foreigners who generate jobs for a minimum of 50 people (the previous number was 100) will now be able to take Turkish citizenship.

With the amendments of the regulation regarding application of Turkish Citizenship code now in place, foreigners who satisfy at least one of the below criteria will be able to obtain Turkish Citizenship:

Option A.                                                                                                                                                      

A minimum amount of property (real estate) investment shall be made for $250,000 (or the equivalent in Turkish Lira.  This amount has been reduced from $1 million). This is on the condition the property is not sold within the next 3 years.

Option B.

Deposit $500,000 in cash into a Turkish bank account (or the equivalent in Turkish Lira).  This needs to remain for 3 years in the Turkish bank account.

Option C.

Fixed capital investment of a minimum of $500,000 (or equivalent in Turkish Lira).  This investment must be confirmed by the Ministry of Industry and Technology.

Option D.

Government bonds and bills can be purchased on the condition to hold them for at least 3 years.  This investment must be confirmed by the Ministry of Treasury and Finance.

Option E.

It will be possible to invest into a Turkish real estate investment trust, or buy the shares of the venture capital investment fund with a minimum sum of $500,000.

This means it is now possible for you to obtain a Turkish Kimlik (citizenship) for yourself wife/husband and children aged under 18 years.  With one of the above listed options. 

How long will it take to obtain a Turkish citizenship?

It normally takes approximately 3-6 months to obtain a Turkish citizenship and Turkish passports for yourself/family members.  This is providing all documentation is in place and investment made.

YELLALI can advise you on all the required steps and undertake the applications on your behalf.  Contact us today for a quotation.

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Contact us at YELLALI for a consultation on all of the above:

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