2022 Turkish Citizenship by Investment Program Rules
The regulation regarding Application of Turkish Citizenship Code was amended back on 18th September 2018. In line with the new regulations, foreign persons (investors) who would satisfy one of the below mentioned investment requirements are able to apply for and obtain Turkish Citizenships together with their family members:
- Option (A) stipulates that a property investment shall be made with a minimum amount of $400.000 USD on the condition to not sell the property within the next 3 years.
Turkish Governmental authorities has now very recently (as of 13th June 2022) officially announced that the minimum investment amount required to apply for Turkish Citizenship by investment program will now be increased from $250k USD to $400k USD for property investment. - Option (B) foresees to Deposit $500.000 USD in cash in one of the Turkish Banks. It is required to keep the funds at least for 3 years. As per the new regulation enforced back in January 2022; the monies shall be converted into Turkish Lira (TRY) and deposited essentially in TRY.
- Option (C) requires that a fixed capital investment shall be made minimum of $500.000 USD (or the equal value in Turkish Liras). This investment shall be confirmed by the Turkish Ministry of Industry and Technology.
- Option (D) indicates that Turkish Citizenship could be obtained with the purchase of Turkish Government Bonds and Bills of $500.000 USD on the condition to hold them for at least 3 years. This investment shall be confirmed by the Ministry of Treasury and Finance of Turkey.
- Option (E), foresees that it is also possible to acquire Turkish Citizenship by making an investment into a Turkish real estate investment trust, or alternatively with purchasing the shares of a Turkish Venture Capital Investment Fund with a minimum amount of $500.000 USD.
- Option (F) is a new alternative route, with Depositing a minimum contribution of $500.000 USD or equivalent foreign currency in funds determined by the Turkish Insurance and Private Pension Regulation and Supervision Agency, on the condition that it remains in the private pension system for at least 3 years, it is also possible to apply for TCBI. The investment shall be confirmed by the Insurance and Private Pension Regulation and Supervision Agency
This means it is possible to obtain Turkish Citizenship by Investment for the Investor (Main Applicant) as well as for all family members: spouse (wife/husband) and children below 18 years old with proceeding with one of the abovementioned investment options.
Turkish Citizenship by Investment Process at a Glance:
Turkish Citizenship by Investment procedures will usually proceed
- Obtaining new Turkish Tax ID Numbers
- Opening a new Bank Account in Turkey
- Identifying the Investment Property with our Real Estate Team
- Issuance of the PoA (Power of Attorney)
- Depositing the Investment Amounts to your new Turkish Bank Account
- Finalizing the sale; registration of the property on your behalf
- Preparation of the Required Documents
- Obtaining Turkish PR for Main Applicant (1 Year Valid Temporary Turkish Residency Permit)
- Submitting Turkish Citizenship Applications
- Submitting Fingerprints (biometrics)
- Collection of new Turkish ID Cards & 10 Year Valid Turkish Passports.
