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.
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 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:
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:
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.
By investing in a deposit of $500,000 in an individual retirement fund and not withdrawing for at least 3 years.
Invest by purchasing government bonds worth $500,000 and holding them for 3 years.
Buying shares in Turkey worth $500,000 gives the investor the right to obtain Turkish citizenship.
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.
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:
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