ACQUISITION OF THE TURKISH CITIZENSHIP BY THE WAY OF INVESTMENT

According to the latest regulations, the foreigners who fulfil any of the following conditions may acquire Turkish citizenship;

  • who makes fixed capital investment of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and for whom certificate of conformity is issued by the Ministry of Industry and Technology,
  • who purchases the immovable property valuing at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and attached annotation at land registration not to sell this property for three years and for whom a certificate of conformity is issued by the Ministry of Environment and Urbanization,
  • who employs at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labour and Social Services,
  • who invests at least 500.000 US Dollars or its equivalent in foreign currency or equivalent amount of Turkish Lira and makes commitment to hold the amount of deposits for three years at banks operating in Turkey and for whom a certificate of conformity is issued by the Banking Regulation and Supervision Agency,
  • who purchases public borrowing instruments at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and makes commitment to hold these instruments for three years and for whom certificate of conformity is issued by the Ministry of Treasury and Finance,
  • who purchases a real estate investment fund participation share or venture capital investment fund participation amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and makes commitment to hold these participation shares for three-years and for whom a certificate of conformity is issued by the Capital Market Board,
  • who purchases the immovable property whose condominium or floor easement is established with the value of at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira paid in cash in advance of the sale of the contract held by the notary public and attaches annotation at land registration not to sell or transfer this property for three years.

In addition, the transition between investment types is possible to complete the specified 3-year period. 

The spouse and children below 18 years old of the applicant who applied for Turkish citizenship by the way of investment can acquire Turkish citizenship within the same time as the principal applicant.

Leave a Reply

Your email address will not be published. Required fields are marked *

WhatsApp us