Turkish Citizenship by Investment
In the light of the Turkish Citizenship by Investment program, the Republic of Turkey grants citizenship to foreigners who:
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Acquire a real estate worth a minimum of 400.000 USD or equivalent in other currency with a title deed restriction on its resale for three years.
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Deposit 500.000 USD or equivalent in other currency to a bank operating in Turkey with the condition not to withdraw the amount for three years.
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Make a minimum fixed capital investment of 500.000 USD to the Turkish Individual Pension Scheme (BES)
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Buy 500.000 USD or equivalent in other currency worth of government bonds with the condition not to sell for three years.
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Buy 500.000 USD or equivalent in other currency worth of real estate investment fund share or venture capital investment fund share with the condition that they cannot be sold for at least three years.
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Create jobs for at least 50 people.
Necessary Documents for Turkish Citizenship:
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Power of Attorney (from investor & spouse)
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Birth certificate (of all applicants)
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Marriage certificate
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Passport (copy) of all applicants
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Criminal Record for investor and spouse (with 6 months validity)
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Biometric photo (can be sent from WhatsApp)
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Turkish visa
All documents need to be certified at MoFA and finally attested at the Turkish Consulate General or legalized with Apostille.
Kindly note that the Criminal Record Certificates and Marriage Certificate should be obtained from the passport country.
Steps of Turkish Citizenship by Investment – Property Acquisition
1-) Power of Attorney Issuance
2-) Finalizing the property
3-) Reservation and Promissory Sales Agreement signing
4-) Tax ID Number registration
5-) Bank account opening & online banking service registration
6-) Property purchase price payment
7-) Title deed acquisition
8-) Annotation of “3 years not to sell” & application of 'Conformity Report'
9-) Obtaining conformity report (4 weeks)
10-) Fingerprint for the main applicant & spouse (requires physical presence)
11-) Residence Permit application (requires physical presence)
12-) Citizenship Application of the whole family (requires physical presence)
13-) Citizenship application process ~4 months
14-) Obtaining 'Citizenship Approval Letters'
15-) Submission of Turkish ID Card & Turkish passport applications
Steps of Turkish Citizenship by Investment – Bank Deposit
1-) Power of Attorney Issuance
2-) Tax ID Number registration
3-) Bank account opening & online banking service registration
4-) Blocking the bank account for 3 years & application of 'Conformity Report'
5-) Obtaining conformity report (4 weeks)
6-) Fingerprint for the main applicant & spouse (requires physical presence)
7-) Residence Permit application (requires physical presence)
8-) Citizenship Application of the whole family (requires physical presence)
9-) Citizenship application process ~4 months
10-) Obtaining 'Citizenship Approval Letters'
11-) Submission of Turkish ID Card & Turkish passport applications