Turkish citizenship offers global access and investment growth, an opportunity for a broader horizon.
Eligibility Criteria for Turkish citizenship
To be eligible, applicants must:
- Be at least 18 years old.
- Have a clean criminal record.
- Possess adequate health insurance.
- Never have overstayed illegally in Turkey.
- Not be from black-listed nationalities
Investment Options
Turkey offers several investment avenues for citizenship:
- Real Estate Acquisition: Invest at least $400,000 in Turkish real estate. This can be a single property or multiple properties combined to meet the value requirement.
- Bank Deposit: Deposit a minimum of $500,000 in a Turkish bank, maintained for three years.
- Government Bonds: Invest at least $500,000 in government bonds.
- Capital Investment: Make a capital investment of $500,000 into a real estate investment fund share or venture capital investment fund share.
- Job Creation: Create full-time jobs for at least fifty people.
Documentation Checklist
The documentation process is extensive:
- Birth certificates and passports of all applicants.
- Proof of residence, such as a recent utility statement.
- Biometric, colored passport photos.
- Marriage certificate (if applicable).
- Proof of a clean criminal record and healthcare coverage in Turkey.
- Evidence of the investment (e.g., bank statements, lawyer’s client account statement).
- Turkish Tax ID Number.
Application Process for Turkish Citizenship
- Choose Your Investment Route: Decide on your preferred investment option and fulfill its specific requirements.
- Gather Necessary Documentation: Compile all required documents, potentially seeking assistance from specialists.
- Complete Investment and Obtain Residence Permit: Once the investment is made and proven, a residence permit is granted.
- Submit Your Application: Apply at the Provincial Directorate of Census and Citizenship, ensuring all documents are accurate and complete.
- Receive Your Passport: Expect to receive citizenship and a passport within 3-4 months from application submission.
Program Costs
- Notary & Translation Fees: $1,000 for single applicants; $250 per extra applicant.
- Application Fee: $400.
- Healthcare Coverage: $700.
- Turkish Passport Fee: $500.
Turkish Citizenship
2023 Updates
Recent changes effective from February 2023 include:
- Properties built or sold by foreign RE companies are no longer eligible for CBI transactions.
- Restrictions on the use of single properties for multiple CBI transactions.
- No district or suburb can have a “domiciled” foreign population of more than 25%.
To sum up, Turkey’s citizenship by investment program remains an attractive path for investors. With professional guidance and careful documentation, applicants can navigate this process efficiently.
Check our Turkey Business Insights for similar content, and explore how Gini Talent’s solutions can enhance your prospects in Turkey’s tech sector. Contact us for assistance in leveraging your Turkish citizenship for global IT opportunities.
