Step-by-Step Roadmap to Turkish Citizenship through Investment via Real Estate Investment Fund (REIF) or Venture Capital Investment Fund (VCIF)

With the 2022 amendment to the Turkish Citizenship Law, foreign investors can qualify for Turkish Citizenship through Investment via Real Estate Investment Fund (REIF) or Venture Capital Investment Fund (VCIF) by purchasing participation shares worth at least USD 500,000, held for a minimum of 3 years. This method is particularly appealing for those who prefer a low-maintenance, professionally managed, and CMB-regulated investment while meeting the requirements for citizenship.

Step 1 - Choose Your Fund and Make the Investment

• Select a REIF or VCIF approved by the Capital Markets Board (CMB).

• Invest at least USD 500,000 (or equivalent in foreign currency).

• Ensure the shares are blocked in the Central Securities Depository (MKK) under a Citizenship Blocked Sub-Account.

Choosing a fund with a solid performance history and strong risk management can maximize both security and returns.

Step 2 - Foreign Currency Sale to the Central Bank

• In line with Central Bank of the Republic of Türkiye (CBRT) regulations, the invested foreign currency must be sold to the CBRT through a bank operating in Turkey.

• The proceeds are then transferred in Turkish Lira to the investment fund.

  
  

Step 3 - Obtain the Certificate of Conformity

• Apply to the Certificate of Conformity with:

  • Passport copy

  • MKK registration details

  • Proof of Citizenship Blocked Sub-Account

• The CMB issues the Certificate of Conformity within 1 month after verifying the investment.

Step 4 - Apply for a Short-Term Residence Permit

• Submit your application to the Provincial Directorate of Migration Management under Article 31/j of Law No. 6458.

• This permit is typically valid for 1 year and processed on an expedited basis for citizenship investors.

  
  

Step 5 - Apply for Turkish Citizenship through Investment

• File your citizenship application with the Provincial Directorate of Population and Citizenship Affairs for:

  • The main investor

  • Spouse

  • Children under 18

• Applications undergo security and archive checks and are finalized by Presidential Decree.

  
  

Step 6 - Receive Your Turkish ID and Passport

• Once the Citizenship application is approved, you can apply for:

  • Turkish ID Card

  • Turkish Passport

• Applications can be filed at the nearest Population Directorate in Türkiye or a Turkish Consulate abroad.

  
  

Estimated Timeline

From investment to receiving your passport, the process generally takes 6 to 9 months. However, careful preparation and working with experienced legal professionals can shorten this timeline.

Conclusion

For investors seeking a streamlined and fully managed pathway to citizenship, the REIF/VCIF method for Turkish Citizenship through Investment offers both efficiency and convenience.

 At IGA Law Firm, we assist our clients in selecting the right fund, ensuring compliance at every stage, and managing the process from start to finish — giving you peace of mind while you secure your future in Türkiye.