Everything You Need to Know About Turkish Citizenship by Investment Program Turkey is known for its deep roots and rich legacy, as well as its strategic location between Europe and Asia, which has given the country significant financial, economic, and political clout in the region. Aside from its tourism appeal, Turkey is also seen as a top investment destination among investors, particularly those seeking citizenship by investment to ensure their own and their families' futures.
About Turkey Citizenship by Investment Program Turkey occupies a unique geographical position between Asia and Europe, providing as a link between the two continents. Turkey is known for its culinary delights as well as Cappadocia's hot air balloon rides. Istanbul is Turkey's largest city and seaport, despite not being the country's capital. In 2018, the Turkish citizenship by investment program was established. Foreign investors who make eligible investments in the country, usually in real estate, are granted residency through citizenship by investment programs. • • •
The capital of the country is Ankara The currency is the Turkish Lira The current population as of 2020 (World Bank): 84.34 million
To obtain Turkish Citizenship by Investment, one of the following routes must be chosen: • • • •
A real estate investment of at least USD 250,000 is required. The Ministry of Industry and Technology has confirmed a fixed capital investment fund of USD 500,000 or equivalent in Turkish lira. The Ministry of Family, Labour, and Social Services has certified that at least 50 people will be employed. Deposit at least USD 500,000 (or equivalent in foreign currency or Turkish lira) in Turkish banks with the condition that the money is not withdrawn for at least three (3) years.
The following are the benefits of getting a Turkish Passport: • • •
Brazil, Singapore, and Hong Kong are among the 110 countries and territories that offer visa-onarrival or visa-free travel. Dependents for the residency card can include family members, spouses, parents, and children under the age of 18. A Turkish passport holder will be allowed to apply for a United States of America E-2 Investor visa.
Requirements for Turkish citizenship by investment program • • •
The applicant must be at least 18 years old. Applicants must be free of any criminal convictions. The applicant must effectively complete due diligence.