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Turkey Citizenship by Investment

The Turkey Citizenship by Investment scheme was announced in 2016. The Turkish government officially launched the program in late January 2017 to boost the country’s direct investment and real estate sector. This program is one of the simplest and quickest ways to acquire a second passport. Anyone can apply for Turkish citizenship by investing in Turkish-based or local real estate companies.

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    The initial investment threshold was set at $1,000,000 which was later on reduced to $250,000 in 2019 to attract more investors. In April 2022, the decision was made to raise the minimal real estate investment value to $400,000. Becoming a Turkish citizen brings along with it numerous benefits.

    The Turkey citizenship process is simple and straightforward and can make you a Turkish passport holder within six months.

    Turkey Citizenship by Investment Options

    Turkey offers different investment options under this program to investors who wish to gain Turkish citizenship. These include:

    Governmental Investment

    The investors need to make a minimum investment of $500,000 in a Turkish bank account and then maintain it for at least 3 years. Or applicants can buy government bonds of the same value and keep them for three years. You can also invest $500,000 in fixed assets under the guidance of the Ministry of Industry and Technology.

    Real Estate Investment

    Investors can invest in real estate anywhere in Turkey. The investment amount should be at least $400,000. This amount has to be maintained for at least 3 years.

    Business Investment

    Another investment option investors can select under the Turkey Citizenship by Investment program is investing a minimum amount of $500,000 in a Turkish company and maintaining it for a period of 3 years.

    Job Creation

    Investors can also acquire a Turkish passport by creating at least 50 jobs by setting up a company under the Ministry of Labor and Social Security.

    Certificate of Eligibility for Turkey

    The applicant must apply to any of the following organizations to acquire a Certificate of Eligibility for Investment in Turkey:
    • For real estate investment, apply to the Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization
    • For investment in government bonds, apply to the Turkish Ministry of Treasury and Finance
    • For venture capital investment or real estate investment, apply to the Department of the Brokerage Activities of the Capital Markets Board of Turkey 
    • For company setup, the General Directorate of International Labor of the Ministry of Family, Labor and Social Services
    • To deposit in a Turkish bank account, apply to the Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency 
    • For capital investment, Incentive Application and Foreign Capital of the Turkish Ministry of Industry and Technology 

    Turkey – An Overview

    Nestled in a geostrategic location, between Europe and Asia, Turkey is a country that has been abundantly blessed with natural beauty. The country boasts a rich culture and history and a strong economy. Turkey is a member of NATO and G20. It has also applied to join the European Union. Turkey has a vibrant lifestyle and a welcoming environment.

    The Turkish culture is a mix of modern and traditional practices that have evolved by numerous civilizations over the centuries. Turkey is the 16th largest economy in the world and is an incredible country to explore, live, work, and invest in. The country has impressive opportunities, in which you could invest.

    Over the years, the country has become a preferred investment spot for investors who wish to relocate to a new country. Since the country boasts a strong economy and a plethora of investment opportunities, it is increasingly becoming an active investment destination for all kinds of investments.

    DM Consultants can help you with the successful navigation of acquiring your passport and yield results from your investment. We offer top-class services and ensure a smooth process of Turkey citizenship by investment from Dubai.

    Eligibility Criteria for Turkey Citizenship by Investment

    One has to meet the following criteria to be eligible for a Turkish passport by investment:
    • The applicant must be 18 years old
    • A clean criminal record
    • Never have stayed illegally in Turkey
    • Must pay the costs and taxes of the process
    • Due diligence completed on investment
    • The funds used must be acquired legally

    Documents for Turkey Citizenship by Investment

    Here is the list of documents required to apply for Turkey passport by investment:
    • Birth certificates and passports of each applicant
    • Colored and biometric photograph of each applicant
    • Residence proof
    • Proof of a clean criminal record of all applicants
    • Proof of health insurance (valid in Turkey)
    • Marriage certificate (optional)
    • Divorce of divorce certificate of spouse (optional)
    • Proof of investment into a Turkish bank account or lawyer’s client account
    • Turkish Tax ID Number

    Steps for applying for Citizenship by Investment

    Here are the steps to apply for Turkey Citizenship by Investment:

    Pre-Qualification Check

    The first step of the application procedure involves a pre-qualification check. This process is completed via an online application that requires basic information about the applicant and their family.

    Documents Submission

    The next step is submitting the required documents such as proof of identity, investment proof, financial records, and other necessary documents for the process.

    Application for Turkish Citizenship

    The applicant has to submit an application for Turkish citizenship and provide supporting documents to demonstrate that they meet all the requirements.

    Background Check

    The applicant has to go through a background investigation to ensure they meet the requirements of becoming a Turkish citizen.

    Submit Application

    After completing the due diligence, the applicant can submit the application and all the required documents and paperwork.

    Approval

    After verification of documents, the application has to be reviewed and a decision will be made on whether you qualify and should be granted Turkish citizenship or not.

    Investment

    The applicants for Turkey Citizenship by Investment need to meet certain investment criteria. The minimum investment is $500,000 in a Turkish bank account or real estate trust. Or a minimum investment of $400,000 in real estate.

    Passport Acquisition

    After the application approval, the applicant will be issued a Turkish passport and become a Turkish citizen. If you reside in UAE and wish to acquire a Turkey passport by investment, DM Consultants is your best option. It offers professional services and assists clients in achieving their goals and getting citizenship via the Turkey Citizenship by Investment program. Such procedures require professional guidance and we will help you every step of the way.
    Our experienced consultants ensure a smooth and successful process. We can help you transform your dream into reality and acquire dual citizenship.

    Benefits of Turkey Citizenship by Investment Program

    Here are the key benefits of Turkey Citizenship by Investment Program:

    Best Healthcare facilities

    Dual citizenship

    All rights of a Turkish citizen

    Quality education

    Good lifestyle

    Family and children can live, work, and study in Turkey

    Improved business with Turkish companies as citizenship makes you more reliable

    Unlimited stay in Turkey without renewal of residence permit or need to leave the country regularly

    Retirement rights: pension plans and other social security benefits

    Inheritance law, allows you to transfer assets to family members

    DM Consultants – Turkey Citizenship by Investment Program

    Why Choose Us?

    Here is why DM Consultants should be your preferred choice to apply for Turkey citizenship by investment from Dubai.

    Complete Solutions

    Our professional team of experts ensures they provide complete guidance and comprehensive solutions to those who want to get second citizenship via their investments.

    Extensive Network to Access Opportunities

    DM Consultants has an extensive network of contacts in numerous countries. They can assist in gaining access to distinctive opportunities so you can yield maximum results out of your investment.

    Professional Support

    We have a team of experienced professionals who are experts in providing detailed assistance and support throughout the entire process and ensuring the submission of a successful application.

    Efficiency

    We make an effort consistently to ensure timely and efficient application processing. This way, we can increase the chances of hastening the acquisition of second citizenship.

    Affordability

    The procedures of citizenship and immigration etc. are time-consuming and expensive. We fully understand the financial burden of the applicants and see that we charge affordable fees for our services.

    DM Consultants provides professional assistance to those who want to obtain Turkey citizenship by investment from UAE. Our team offers their expertise and experience to ensure a smooth application process to acquire Turkish citizenship and passport.

    FAQs

    You become eligible to apply for Turkish citizenship if you purchase real estate with a minimum of $400,000. This could be the value of one or several properties. Other conditions do apply.

    The process to gain a Turkish passport by investment takes about 6-9 months, based on the individual circumstances. You need to gather the relevant documents first, which takes 3-4 days. Then the relevant authorities them in 30-60 days. Once the process is complete and your investment arranged, you submit the application and get your passport within 60 days. Applicants need to secure a residency permit before applying.
    Yes, there are legal and administrative fees involved in getting Citizenship by Investment Program.
    The Turkish passport is valid for a period of 10 years and you can renew it.
    Yes, it is one of the most popular means to acquire Turkey citizenship by investment. The requirement is that the property must be worth a minimum of $400,000 and you have to acquire a certificate of eligibility from the relevant authority.
    No, there is no stay requirement. You can easily travel out of the country and come back without restrictions.
    You can enjoy numerous benefits after getting a Turkish passport and becoming a citizen. You can travel visa-free or visa-on-arrival to more than 120 countries. You will also get healthcare, education, and retirement rights and priority in tax exemptions and investments.
    Yes, foreigners can become Turkish citizens. Turkey allows dual citizenship but the applicants must check with their home country, and see if they allow dual citizenship.
    Identification, financial records, health insurance proof (valid in Turkey), and other documents are needed to apply for Turkey citizenship by Investment.
    No, Turkey does not offer a separate Residency by investment program. You can directly apply for citizenship. Once acquired, it will convert into residency automatically.
    Yes, you can apply for citizenship for your family members and submit complete information and all the necessary documents of each family member you want to add to the application.
    No, you don’t have to speak Turkish.  There is no requirement to know the Turkish language to get Citizenship through investment.

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