Ways to obtain Turkish citizenship through investment 2024

The law granting Turkish citizenship through investment was issued at the beginning of 2017, followed by amendments in subsequent years. The last amendment was published in the Turkish Official Gazette in May 2022 and was officially implemented in mid-June of last year. The Turkish citizenship law includes several investment methods through which it is granted Citizenship for several categories and segments of foreign investors based on their investments.

Ways to obtain Turkish citizenship through investment

The methods stipulated in the law for granting citizenship to foreigners through investment vary between real estate, banking, direct investments, stocks, bonds, deposits, and others. These methods are:

Turkish citizenship through real estate investment:

Turkish citizenship is granted when purchasing a property with a value of no less than $400,000, provided that it does not sell for three years, provided that the new owner is among the nationalities entitled to own real estate in Turkey, that the seller is a citizen of Turkish origin, and that the property is sold for the first time for this purpose.

Documents required to obtain Turkish citizenship through real estate investment:

• A duly certified real estate purchase contract in Türkiye.
• Real estate appraisal report showing that the property’s value is not less than $400,000.
• Real estate title deed (easement or complete).
• Notice of selling foreign currency to the Central Bank of Turkey and exchanging it for local currency via an intermediary bank.
• Notice of transferring the value of the property in Turkish Lira to the seller’s account via the same intermediary bank.
• A document conforming to the conditions of Turkish citizenship is extracted from the Ministry of Environment, Urbanization and Climate Change.
• A valid passport.
• Passport copies of the investor, his wife, and his children under the age of 18, translated into Turkish and certified by the Turkish notary.
• Turkish residency.
• Investor's tax number.
• Personal photos of the investor and his family.
• The wife’s approval or rejection of granting her and her children Turkish citizenship.
• A family statement including the investor's family names, marriage date, and the dates and places of birth of the children.

Turkish citizenship via investment banking:

The second method that the Turkish Citizenship Law grants to foreigners through investment is investment through a bank deposit of $500,000 in any public or private Turkish bank, provided that there are no withdrawals for a period of 3 years. This method includes all foreigners without exception, including nationalities prohibited from owning real estate.

Documents required to obtain Turkish citizenship through investment banking:

• Open an account in any Turkish bank.
• Notice of deposit of $500,000.
• A letter from the bank stating that the aforementioned amount has been reserved for a period of 3 years.
• A document conforming to the citizenship requirements granted by the Banking Supervision Authority in Türkiye.
• A valid passport.
• Passport copies of the investor, his wife, and his children under the age of 18, translated into Turkish and certified by the Turkish notary.
• Turkish residency.
• Investor's tax number.
• Personal photos of the investor and his family.
• The wife’s approval or rejection of granting her and her children Turkish citizenship.
• A family statement including the investor's family names, marriage date, and the dates and places of birth of the children.

 

Turkish citizenship through public investment:

Every foreign investor who has made various investments in Turkey with a value of no less than $500,000 can apply for Turkish citizenship based on his investments.

Turkish citizenship through investment in an individual retirement fund:

By investing in a deposit of $500,000 in an individual retirement fund and not withdrawing for at least 3 years.

Turkish citizenship through investment in purchasing government bonds:

Invest by purchasing government bonds worth $500,000 and holding them for 3 years.

Turkish citizenship through investment in Turkish stocks:

Buying shares in Turkey worth $500,000 gives the investor the right to obtain Turkish citizenship.

Turkish citizenship through investment in employing Turks:

This method is done by establishing a company, factory, or factory, employing at least 50 Turkish workers, registering them with the Ministry of Labor, giving them health and social insurance, at least minimum wages, and not laying off any of them for a period of 3 years.

Documents required to obtain Turkish citizenship through various investments:

The papers required to obtain Turkish citizenship differ from one method to another, but we can talk about the general papers that must be submitted, which are:

1. Documents proving investments in Türkiye that comply with the conditions for obtaining Turkish citizenship.
2. Bank notices stating that the value of investments conforms to the conditions for obtaining Turkish citizenship.
3. A matching document from the relevant government agencies.
4. The personal documents mentioned above, which include the investor, his wife, and his children under the age of 18, including identification papers, photos, and the wife’s consent.