Turkish Citizenship by Investment
There are several ways to become a Turkish citizen. The main topic of our article is “Acquiring Turkish citizenship through investment or through the purchase of an apartment”. Acquiring Turkish citizenship through investment is an opportunity that enables the person to apply for Turkish citizenship by providing different conditions as a result of various forms of investment.
Below are the requirements for acquiring Turkish citizenship through investment, the legal process to follow, actual situation and documents to prepare, eligibility to apply and the deadlines, etc. We explain the important parts to you.
Aliens law is an area in which the administration has more leeway than in other areas of law. For this reason, the process of obtaining Turkish citizenship through investment must be carried out with great precision and in full. Accordingly, we encourage you to read the entire article in order.
Since May 13, 2022, there have been significant changes related to Turkish citizenship through investments. For example; To become a Turkish citizen by buying real estate, the sale price of the real estate must be a minimum of 400,000 USD one month after the regulation change of May 13, 2022 (that is, from 06/13/2022).
The details of acquiring citizenship through investment are not included in the Turkish Citizenship Law but in the relevant regulations. Essentially, following the change made in September 2018 with the Turkish Citizenship Law Enforcement Ordinance, significant changes have taken place since May 2022.
1- Buying real estate over $400,000
Buy a property valued at $400,000 or more and state that this property will not be sold for 3 years from the date of deed. For US$400,000, another foreign currency or TL will apply. $400,000 is the minimum amount. In the previous settlement, this amount was $250,000 but has now been increased to $400,000. The settlement was accepted on May 13, 2022 and is effective on June 13, 2022.
2- Capital Investment of $500,000 or More
A capital investment of $500,000 or more. It doesn’t have to be dollars. Foreign currency or TL is considered valid against $500,000. $500,000 is the minimum amount. In the previous agreement, this amount was 2 million USD
3- Make a real estate Pre Sale for Condos and Buildings with a Minimum of $400,000
Entering into a preliminary agreement for the sale of real estate for a building worth at least $400,000 in condominium or building easements gives the foreigner the same opportunity. There, too, it is added to the purchase promise made to the notary that the handover of the building or the contract cannot take place before the end of 3 years. In the previous settlement, this amount was 250,000 USD
4- Employment of at Least 50 People in Turkey
The person who creates jobs for at least 50 people in Turkey acquires citizenship by investment. In the previous arrangement, this number was 100, not 50.
5- Purchase of Public Debt Securities Worth at Least $500,000 or more, Provided They are held for at Least 3 Years
The person who buys the government bonds for at least US$500,000 or more also acquires Turkish citizenship through investment provided they hold it for at least 3 years. Again, the amount in foreign currency or TL equivalent to USD 500,000 is considered valid. In the previous comparison, this amount was 3 million USD