Turkey Citizenship By Investment:
The Ultimate Guide 2021

Looking to obtain Citizenship By Investment in one of the world’s most vibrant and internationally sought after travel destinations? Since its launch in January of 2017, the Turkey Citizenship By Investment (CBI) Program has become one of the top-selling programs of its kind in the world — despite the Turkish passport not offering visa-free access to the EU.

And the reason?

Boasting a highly affordable investment price tag of only $250,000 and minimal government processing fees, a three-year lock-in period and unrivalled value-for-money property, the Turkish CBI is increasingly in demand among foreign investors the world over.

Find out more about the program below, or contact us now for more information.

Key Country Facts

  • Largest city: Istanbul
  • Capital: Ankara
  • Currency: Turkish lira
  • Government: Unitary presidential constitutional republic
  • Population: 83.6 million (2020)
  • GDP per capita: $28,294
  • Official language: Turkish

Compare ALL Citizenship-By-Investment Options At A Glance...
Looking For A Citizenship Through Investment?

Turkey is not the only option for acquiring citizenship by investment…

Download our Citizenship By Investment Comparison Sheet to see ALL available programs side by side.

Citizenship By Investment Program Comparison

This comparison table will show you…

  • The differences between the programs (number of visa-free countries, price, investment options, taxation, …)
  • Which countries you can enter without a visa with each passport (and the differences between them)
  • And much, much more

You could potentially save tens or even hundreds of thousands of dollars by picking the right passport for your personal situation at the lowest price…

The Turkey Citizenship By Investment Program at a glance

Previous iterations of the Turkish citizenship program had far higher investment requirements and consequently never gained significant market traction. In 2018, however, the picture changed dramatically. Presidential decree 418, “Regulation Amending the Regulation on Implementation of Turkish Citizenship Law”, was issued on December 7.

The decree meant that, going forward, foreign investors would have various more affordable investment options to gain citizenship in Turkey, including:

  •   Property Investments: $250,000 (previously $1 million)
  •   Local Bank Deposits: $500,000 (previously $3 million)
  •   Fixed Capital Investments:  $500,000 (previously $2 million).

The above changes brought the program pricing in line with that of many popular Golden Visa (residency) programs — and gave it a competitive advantage. By as early as June 2020, over 9,000 primary applicants and more than 25,000 dependents obtained Turkish citizenship via the program.

This performance makes it the most popular program of its kind globally – and by quite some margin.

During the period March to May 2020, during the height of the Covid-19 pandemic, Turkey’s Interior Ministry approved an average of more than 1,300 main applicants per month, raising an estimated $17 million per day in the process.

Additionally, a relative over-supply of real estate, combined with the rapid devaluation of the Turkish lira, has made property in Turkey super cheap.

Consequently, foreign investors  have been flocking to popular vacation destinations such as Bodrum and Antalya – and Istanbul, in particular, in their thousands.

Given that the Turkish passport does not grant the bearer visa-free access to the Schengen Area or the UK (although Turkish citizens are eligible for UK residency via the Turkish Businessperson Visa program), the program’s growth has confounded industry commentators across the board.

Yet in combination, the country’s unrivalled value, low cost of living, natural beauty and strategic location have proven to be massively popular among a far broader audience than Middle Easterners only.

As a result, Turkey has become somewhat of a call option among CBI programs: The country is already super livable and cheap (whereas Caribbean countries are not). And considering its increasing political and economic clout, chances are that its passport could become a better travel document in the future.

10 Reasons to choose Turkey for Citizenship By Investment

Compare ALL 12 Citizenship-By-Investment
Options
At A Glance...

This comparison sheet will give you a birds-eye view of the most important things you need to know about each citizenship-by-investment program…

Citizenship By Investment Program Comparison

This comparison table will show you…

  • The differences between the programs (number of visa-free countries, price, investment options, taxation, …)
  • Which countries you can enter without a visa with each passport (and the differences between them)

It could potentially help you save tens or even hundreds of thousands of dollars by picking the best passport for your personal situation at the lowest price…

Who is the Turkish CBI program for?

While the program is highly popular among Middle Easterners, it’s also a great option for Americans, Europeans, Australians, Russians and investors from many Far Eastern countries as well.

As an added benefit, Turkey recognizes dual citizenship, so you don’t need to give up your native citizenship or any of the privileges you currently enjoy in order to gain second citizenship in Turkey. 

Program investment requirements

As of March 2021, applicants under the Turkish Citizenship By Investment Program must meet one the following investment requirements:

  • Property Investment: $250,000 in real estate, to be held for a minimum period of three years.
  • Local Bank Deposit: $500,000 to be deposited in a national Turkish bank, and held for a minimum period of three years.
  • Job Creation: Create a minimum of 50 full time, sustainable jobs for Turkish citizens.
  • Capital Investment: An investment of $500,000 in trust fund shares or real estate participation fund shares, to be held for a minimum period of three years.

Ready to find out more about Turkish Citizenship By Investment?
Contact us today.

Simply complete the below enquiry form to be put in touch with a vetted Turkish citizenship planning expert. We look forward to hearing from you and accept enquiries 24/7, 365.

Property investments starting from $250 000. Fees from $10,000 (excluding 18% VAT). Contact us now for more information.

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