> Citizenship by Investment > Turkey 

Turkey Citizenship By Investment Program

Processing Time

3-6 months

CONTRIBUTION OR REAL ESTATE

$400,000 USD

VISA-FREE ACCESS TO

125+ countries

Türkiye Citizenship

Citizenship by Investment

Overview of Turkey’s Citizenship By Investment Program

Turkey’s Citizenship by Investment Program, established in 2017, stimulates foreign investment and real estate growth by providing a streamlined pathway for eligible investors and their families to attain Turkish citizenship. Governed by Act No. 5901 and Regulation 2016/9601, the program offers diverse investment options and benefits from Turkey’s advantageous location bridging Europe and Asia. By drawing inspiration from successful residency programs globally, Turkey has positioned itself as a competitive player in the realm of global citizenship acquisition, offering investors opportunities for business, travel, and access to an emerging market economy through various investment routes such as real estate, job creation, capital investments, and government bonds.

How to obtain Turkey’s Citizenship through Investment

Real estate investment

Investors interested in real estate can obtain Turkish citizenship by purchasing one or more properties valued at no less than $400,000 USD. The investor must retain ownership of the properties for a minimum of three years and has the option to lease them during this period.

Government Bonds

Purchase government bonds worth at least $500,000 USD  and maintain the investment for three years.

Bank Deposit

Deposit at least $500,000 in a Turkish bank and maintain the deposit for at least three years.

Curated Links for Turkey citizens

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Processing Time

3-6 months

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Contribution OR Real Estate

$400,000 USD

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Visa-Free Access To

125+ countries

Turkey’s Investment Options

$400,000

Real Estate Investment

An investment in a residential property valued at a minimum of $400,000 USD is required for the right to a Turkish citizenship and passport. This real estate must be held for three years.

$500,000 USD

Government Bonds

Acquire government bonds with a minimum value of $500,000 (or the equivalent in foreign currency or Turkish lira), and commit to holding them for a period of at least three years. The validation of this investment needs to be carried out by the Ministry of Treasury and Finance.

$500,000 USD

Bank Deposit

Place a minimum of $500,000 (or its equivalent in a foreign currency or Turkish lira) in a Turkish bank and commit to leaving the funds untouched for a duration of at least three years. The verification of this deposit must be conducted by the Banking Regulation and Supervision Agency.

Why Choose Turkey?

  • Affordable Living Costs in Turkey: Turkey offers an affordable cost of living compared to many European nations, particularly when considering housing, food, transport, and other expenses. Housing costs in Turkey tend to besignificantly lowers than in many other nations.
  • Accessible Healthcare Excellence: Turkey boasts an excellent universal healthcare system that offers affordable and accessible care to its population, making this country an attractive option for anyone searching for quality health services at a reasonable cost.
  • Natural Wonders of Turkey: Turkey boasts some of the world’s most stunning natural landscapes, from snow-capped mountains near the Black Sea region to Mediterranean beaches along its Aegean coast. If you are seeking stunning natural beauty as your travel destination, Turkey makes an excellent choice.
  • Timeless Cultural Treasures: Turkey boasts an intriguing culture and history dating back millennia. There are countless historical sites and museums to discover, as well as numerous opportunities to experience its vibrant culture through food, music, art, and other mediums.
  • Turkish Hospitality: Turkish hospitality is highly noteworthy. The country is well known for its warm and friendly people, making it an excellent place to find welcome companionship. If you are searching for a destination where welcoming locals await, Turkey should certainly be considered as an option.

Cost of living in Turkey

Turkey in 2023 will offer relatively affordable living costs compared to other European nations, their costs of living are roughly 40% lower than in the US. Following is a breakdown of living costs:

Diverse Housing Costs
Housing Costs in Turkey Vary by City and Type of Accommodation; on average, expect to pay between $300-500 per month for a one bedroom apartment located within city centers.

Affordable Dining
Food costs in Turkey are relatively affordable; you should expect to spend between $200-300 on groceries per month for one person.

Budget-Friendly Transportation
Transportation in Turkey can also be quite cost effective – expect to spend between $50-100 monthly on public transit and taxi rides.

Competitive Utility Expenses
Utilities in Turkey are also very competitively priced; expect to spend between $50-100 per month for electricity, water, and gas usage.

Economical Entertainment
Entertainment in Turkey is also highly cost-effective; expect to spend approximately $50-100 each month for movies, concerts, and other forms of entertainment.

Overall, Turkey offers an affordable cost of living and a high quality of life. If this sounds appealing to you, Turkey should definitely be considered.

Key Facts

Capital

Ankara

Languages

Turkish | Arabic | Kurmanji | Others

Currency

Turkish Lira

Population

85,816,199 (2024)

What are the eligibility criteria to apply for Turkish Citizenship?

  • Minimum net worth of $600,000 USD
  • No criminal record
  • Age 18 years old and above
  • No deportations/visa refusals

Turkey Citizenship By Investment Required Documents

Property Purchase:

  • Copy of ID card
  • Copy of passport
  • 6 passport photos taken in the last 6 months
  • Power of attorney – apostilled by the Consulate (provided by Migrate World)
  • Mandatory government insurance
  • Real estate value statement
  • Bank receipts

Citizenship Application:

  • Petition Form – provided by Migrate World
  • Power of attorney – provided by Migrate World
  • Copy of Passport
  • Marital status Certificate and Marriage Certificate
  • Birth Certificate and Civil Registry Extract for the applicant and the family, translated and
  • approved by the Turkish Consulate
  • Receipt of the fee for the application submission
  • A police clearance report issued from the country of residence.

Residence permit:

  • Residence permit application form
  • Original and copy of Passport
  • 6 passport photos taken in the last 6 months
  • Statement of Accounts and Assets as proof of sustainability during the stay
  • Valid private health insurance
  • Hotel reservation or lease agreement as proof of accommodation in Turkey during the visit
  • A police clearance report issued from country of residence.

How Many Dependents Can be Included in a Single Application?

The application for Turkish citizenship by investment may include the spouse and children under the age of 18 (Adopted children can be included).

Starting investment for Antigua & Barbuda Citizenship is $ 100,000

Starting investment for Turkey Citizenship is $ 400,000

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    Step by Step procedures and time frame for obtaining Turkish Citizenship

    • Initial Consultation: The first step is a complimentary consultation with us, where we explain all the different options available.
    • Security check : Migrate World performs a security check, before officially making any agreement as a guarantee that the applicant’s record is clean in cases where the Citizenship by Investment Unit might reject his or her application.
    • Agreement and Fees: Fees include legal, due diligence, government, and application processing fees.
    • Collect Documents and Submit File: We will help obtain, translate, and authenticate all necessary documents. A file is then prepared and submitted within 10 business days.
    • Due Diligence : General Directorate of Civil Registration and Citizenship Affairs implements the required legal examinations and makes sure that the applicant satisfies the relative conditions of investigation.
    • Open Bank Account (Optional) : Migrate World will assist you in opening a Turkish bank account.
    • Purchase of Real Estate : We assist the applicant in choosing real estate that follows the required regulations. After purchasing the property, the applicant submits the title deed application.
    • Appraisal Report and Bank Transfer : Appraisal Report and Bank Transfer Property appraisers verify the value of the property. With the confirmation of the appraisal report and the bank transfer documents by the General Directorate of Land Registry and Cadastre Office, the process is then followed by a special Citizenship Information Office. Land Registry and Cadastre Office give the approval in approximately 5 to 10 business days.
    • Temporary Residence Permit: Upon approval of the citizenship application, we shall deliver the required documents to the special Citizenship Office for the application of the residence permit.
    • Residence Permit and Citizenship: After approval, the applicant is invited to the General Directorate of Civil Registration for an interview and to submit fingerprints for the passport. The passport will be mailed to the address given in Turkey within 3-5 days.

    NOTE: Timeline is an estimate only, processing time depends on the complexity of each file

    How do I avoid mistakes when applying for a Turkish passport?

    When embarking on the journey to obtain a Turkish passport, entrusting your application to a reputable migration agency like Migrate World can be the strategic advantage you need. Our seasoned experts are well-versed in the intricate details of the application process, ensuring meticulous adherence to the country’s stringent requirements. With a track record of successful outcomes, Migrate World offers personalized assistance, saving you valuable time and minimizing the risk of errors that could delay or hinder your application. As your dedicated partner, we not only simplify the complexities but also provide you with up-to-date insights, empowering you to make informed decisions. Your aspiration for a Turkish passport is our mission, and with Migrate World by your side, you can confidently navigate this transformative journey.

    What is the Turkish passport renewal process?

    Renewing a Turkish passport offers two distinct paths. Some Turkish travelers may conveniently renew their passports online, mirroring the procedure for obtaining a new passport. On the other hand, those outside Turkey seeking renewal need to schedule an appointment at the nearest Turkish embassy or consulate. The renewal process entails presenting the current or expired passport, proof of citizenship, personal photographs, and the requisite renewal fee. Additionally, the consulate might request supplementary documentation as deemed necessary.

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Benefits of Turkey Citizenship By Investment Program

      • Straightforward, simple investment plan.
      • Processing time 3-6 months.
      • No residency requirement
      • No language skill requirement
      • Visa Free access to 110+ countries
      • No personal or worldwide income tax
      • Dual citizenship permitted
      • Inclusion of dependent children under the age of 18 (Adopted children can be included)
      • Citizenship is transferrable by descent

      How can the Migrate World Help You?

      Migrate World team offers essential support to clients pursuing Turkish citizenship by investment program. With expert guidance, personalized solutions, and thorough assistance in documentation, investment choices, application, due diligence, and post-approval steps, Migrate World ensures a smooth and successful journey toward obtaining Turkish citizenship. Clients benefit from their expertise, minimizing complexities and maximizing the likelihood of a favorable outcome.

      Does Turkey provides Golden Visa?

      No, Turkey does not offer a Golden Visa program.

      Schedule a meeting with us 

      Frequently Asked Questions

      Investing in Turkish property is highly worthwhile due to its excellent investment climate. The nation boasts abundant natural resources, a youthful and expanding population, a thriving economy, and a secure business environment. Moreover, the relatively low cost of living and steady annual economic growth of approximately 2.8% make Turkey an attractive investment destination.

      Yes, dual citizenship is permitted for citizens of Turkey.

      With an uncomplicated real estate investment, you can acquire a second passport through Turkey's citizenship-by-investment program, initiated in 2016, granting investors the opportunity to become Turkish citizens and enjoy the benefits the country provides.

      Obtaining a Turkish passport through investment typically takes around 3-6 months. Once the applicant fulfills the necessary investment requirements, opens a bank account, and prepares the required documentation, the application can be submitted. Subsequently, the process usually takes 3-4 months for citizenship to be granted.

      Turkish citizenship retention does not impose an annual minimum stay; hence, individuals are not obliged to maintain a specific duration of residency. As such, applicants have the freedom to come and go as they wish and reside in any location of their preference.

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