Turkey Citizenship
To travel and go to business trips to 100+ countries without visas
About the program
The Turkish State Citizenship Program for Investors has been operating since 2017. The Department approves investors’ applications on the basis of the Citizenship Law No. 5901
of 2009 and Regulation No. 9601 of 2016.
45,000 investors and their family members have already obtained Turkish citizenship under the programme since its inception. Turkey has approved applications for investors from Iran, Afghanistan, China, the US, Canada, the UK, Russia and other countries.
$400,000 minimum investment
6—8 months registration period
Who can participate in the program
8 facts about the country
Terms of the citizenship programme
An investor obtains a Turkish passport for investing in the country’s economy.
The citizenship program gives a choice of five refundable investment options:
- Purchase of real estate – from $400,000.
- Business investment – from $500,000.
- Bank deposit – from $500,000.
- Purchase of government bonds – from $500,000.
- Purchase of investment fund shares – from $500,000
Under the terms of the programme, investments cannot be withdrawn for three years, i.e. real estate or a share in a business can be kept for at least that long. After that, the real estate or share can be sold.
Turkish passport benefits
Investor’s expenses
Purchase of property $400,000+
Minimum investment is $400,000. The investment amount does not depend on family composition. However, for each additional participant, governmental fees must be paid for the programme. After three years, the property can be sold to recover the investment.
$416,296 — total program expenses for the family of four
$400,000 Purchase of real estate
$14,000 Property purchase related taxes and fees
$2,296 Government fees for citizenship programme
Business investment $500,000+
Allowed to invest in the capital of a Turkish company or start your own company in Turkey and create at least 50 jobs. Interest in the business can be sold after three years.
Deposit in a bank $500,000+
The investor opens and replenishes an account in a Turkish bank. The money can be withdrawn after three years.
Purchase of shares in an investment fund $500,000+
As long as the investor owns the securities, he will receive passive income. You can sell the shares after three years.
Property examples
Apartments in a large-scale complex $369,000+
The project is represented by a luxury residential complex with a landscaped area with a total area of 818,000 sq.m. in the very center of Istanbul. The property is yielding up to 5% per annum.
Apartments in the historical center of Istanbul $450,000+
The project consists of 9 blocks and 952 apartments, as well as offices, shops and a parking. The project won the «Best Urban Renewal Project» award in Europe. The property generates up to 5% per annum.
Modern apartments in a new residential project $153,000+
Apartments in a residential project located next to the Western Istanbul Marina in Beylikduzu Kavakli – the fastest growing area of Istanbul. The property generates 3 to 5% per annum.
Step-by-step procedure
Preliminary check
Immigrant Invest conducts a pre-screening in order
to prepare you for the departmental screening. It helps to identify the risk of rejection in time and to find
a solution to the problem.
The pre-screening is completely confidential. The investor only has to present his passport.
Immigrant Invest is the only company in the investment immigration market in Russia with its own compliance department. Applicants’ documents are checked by
a certified Anti Money Laundering Officer, who is aware
of the details of due diligence checks in different
countries.
The pre-screening reduces the risk of citizenship denial to 1%.
Document preparation
Immigrant Invest lawyers give the investor a list of personal and financial documents required to
participate in the programme. When the documents are received, they prepare the application package
translate papers, certify copies, fill in government forms
Purchasing a property
The Immigrant Invest real estate department selects the properties that suit the investor’s needs. For example, it can be an apartment for rent or a purchase in the stage of the foundation pit stage. Our lawyers will check the legal clearance of each property and
the terms of the contract.
The investor chooses the property and makes
an advance payment from $1000 to $5000. Then
a contract is signed and paid – full value of the object deducting the prepayment.
Preparing documents for the property
We help with obtaining a title deed and VAT exemption – 0% for the transaction. We also get two reports – a valuation of the property and a report on the suitability of the property for the Turkish citizenship program.
Due Diligence
We obtain a residence permit in Turkey for the participants of the citizenship programme and immediately after that we apply for the investor’s citizenship. The programme department conducts a Due Diligence, which lasts for 2-3 months. Specialists examine the investor’s documents and check information about him and his family in international databases.
The Due Diligence is the decisive step in the programme. It determines whether the applicants will receive citizenship.
Obtaining a passport
Once the application is approved, the investor receives a passport. You do not have to come to Turkey to get
a passport; you can do it at the Turkish embassy in your country.
If the investor wants to get an ID-card, the biometrics will have to be done. You can do this at the Turkish embassy or come to the country. The ID-card will be ready 2-3 weeks after the biometrics are submitted.
Second passport with Open Window
- Open Window is an official representative of Turkey’s government programme.
- Our lawyers support our clients from the initial consultation to passport issuance.
- We also provide additional services: we help with tax residency change, registration, social security card, local SIM card, driving license, assistance with passport renewal.
- Reduce risk of denial to 1%. Our in-house compliance department conducts an in-depth pre-screening of each applicant before signing a contract with us and collecting the documents to participate in the program.
