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Investment Options in Turkey Citizenship by Investment Program

In order to increase the interest of foreign investors in the country, and as part of the government economic development policies, Turkey offers a direct and quick path to obtain its citizenship through investment, and in the year 2018, the government has lowered the amounts thresholds across the investment categories, as per the latest amendments in the regulations that govern the granting of the Turkish citizenship, the categories of investment are as follows: 

1- An investment in the amount of 500,000 USD or equivalent foreign currency or Turkish Lira, and this investment must be attested and approved by the Ministry of Industry and Technology.

2- An Investment in Property that is worth 250,000 USD or equivalent foreign currency or Turkish Lira and this property must be approved by the Ministry of Environment and Urbanisation, also the applicants must register this property to the title deed with an annotation stating that the property shall not be sold for 3 years. 

3- Creating jobs for at least 50 people, as attested by the Ministry of Family, Labor and Social Services, this can be done through establishing a new company and employing personnel, or through employing these personnel in your already existing company. 

4- Depositing a minimum amount of 500,000 USD or equivalent foreign currency or Turkish Lira in banks operating in Turkey, on the condition of not withdrawing these amounts for a period of 3 years. 

5- Buying a minimum amount of 500,000 USD or equivalent foreign currency or Turkish Lira of Government Bonds with the condition of not re-selling these bonds for a minimum period of 3 years. 

6- Buying a minimum amount of 500,000 USD or equivalent foreign currency or Turkish lira worth of real estate investment fund shares or venture capital investment fund shares with the condition of not selling these shares for a minimum amount of three years.

Sources:

Investment Office in Turkey – Acquisition of Citizenship

Investment Office in Turkey – Legal Guide to Investing in Turkey

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