Turkey
Citizenship by Investment Program
ABOUT TURKEY
Turkey, located at the intersection of Asia, Europe, the Middle East, and Africa, has long been a global hub for trade and logistics. The country was occupied by several civilizations such as the Persians and Romans, Turkey has long been a historical melting pot, thanks to its geographical location. This contributed to its rich cultural, religious, and historical scenes – attracting millions of tourists to visit every year. Despite the inflation in recent years especially during post-Covid times, Turkey’s economy still thrives, thanks to the robust personal consumption and investments.
The Turkish government launched the “Citizenship by Investment Program” in 2017 to attract more foreign capital, offering foreign investors the opportunity to acquire Turkish citizenship by investing in local assets – among the program’s options the most popular comes to real estate investment. The program has been one of the most popular citizenship programmes among all since its inception. As of 2021, a total of 19,630 individuals have been approved with Turkish citizenship through this pathway. In 2022, the government raised the investment threshold from $250,000 to $400,000, elevating the requirements for obtaining investment citizenship in Turkey. The program remains one of the world’s leading investment immigration programs, owing to its high quality of life, favorable business environment, and convenient geographical location. These factors make Turkey an attractive choice for individuals seeking immigration and citizenship opportunities.
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PROGRAM FEATURES
Fast-Track Citizenship
Obtain citizenship in 6-8 months
Easy Pathway
No Requirement on language, education or management experience
For Entire Family
Spouse and children can be included
Visa-free travel
Visa-free travel to 118 countries incl. Hong Kong, Singapore, Japan and Korea
Relocation to US
Option to relocate to the US under the USA E2 Investor Visa
Return on Investment
Potential rental income and investment returns on real estate
Physical Presence
No minimum stay required
Dual-Citizenship
Turkey allows dual citizenship
PROGRAM REQUIREMENTS
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Main applicant must be at least 18 years old
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Must be in a good health
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Have a clean criminal record
ELIGIBLE DEPENDENTS
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Spouse of the main applicant
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Dependent children under the age of 18
INVESTMENT OPTIONS
To qualify for the Turkish Citizenship by Investment Program, applicants must meet one of the following investment options and hold their investment for at least 3 years.
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Purchase a property worth at least USD 400,000
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Deposit at least USD 500,000 into a Turkish bank account
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Purchase at least USD 500,000 in government bonds
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Invest at least USD 500,000 in designated funds
*Please note that the above prices are not inclusive of miscellaneous government fees and a legal management fee calculated on a case-by-case basis. Prices are subject to change based on government regulations. Please contact one of our advisors for a personalized quote.
APPLICATION PROCESS
1 | Preliminary Consultation
Begin with an initial consultation with Chaucer Team to assess your background and immigration goal.
2 | Signing a Service Agreement
Signing the service agreement with Chaucer Team and to complete the onboarding process.
3 | Selection of Investment
Chaucer Team will guide you to properties from reliable developers that match your criteria and are marked as top quality. Once you have made a choice, we will arrange the execution of the purchase & sales agreement and property deposit.
4 | Tax ID & Bank Account Opening
Our team will assist you to obtain the Turkish tax ID number and facilitate the bank account opening.
5 | Completion of Investment
Arrange the transfer to your Turkish bank account and to complete the property payment with all the property transfer procedure and evaluation. Our team will also assist the applicant to prepare all the documents and application forms required for the application.
6 | Application for Residence Permit
The main applicant and the spouse are required to complete the biometric appointment at the migration service in Turkey and our team will arrange the application for the residence permit.
7 | Submission of Citizenship Application
The citizenship application will be submitted once the residence permit is obtained.
8 | Obtaining a passport
After receiving the approval letter of citizenship application, the applicant and dependent applicants go to the nearest consulate to collect biometric information. You will receive a Turkish passport and ID card.
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