The current processing time for Turkey Citizenship by Investment Program is around 3-6 months, through this timeline, applicants are required to go through several stages according to the investment scheme which they chose.
There are 3 basic stages to the program, the first stage is to obtain the certificate of eligibility according to the investment pathway, obtaining the residency permit, and then applying for the Turkish citizenship.
General application Procedures for Turkey Citizenship by Investment Program:
- Applicants must apply to the designated authority according to their investment route to obtain the certificate of eligibility, which is the first stage of this program.
- Afterwards they will be required to obtain the required documents to obtain the residence permit within the scope of item (j) of article 31 of the Law 6458, and submit these documents to the Provincial Directorate of Immigration Administration of the settlement, and accordingly obtain the documents required for the citizenship application.
- Applicants must submit the citizenship application and supporting documents to the Provincial Directorate of Census and Citizenship of the settlement, where afterwards their citizenship file and application will be sent to the General Directorate of Population and Citizenship Affairs (NVIGM) for approval.
Obtaining the Certificate of Eligibility for each of the Investment routes:
- For Investors who made a minimum fixed capital investment of 500,000 USD or equivalent foreign currency or Turkish Lira: Applicants must apply to the General Directorate of Incentive Application and Foreign Capital of the Ministry of Industry and Technology for the certificate of eligibility.
- For Investors who have acquired a property worth a minimum of 250,000 USD or equivalent foreign currency or Turkish Lira with a title deed restriction on its resale for at least three years: Applicants must apply to the General Directorate of Land registry and Cadaster of the Ministry of Environment and Urbanization.
- For Investors who created jobs for at least 50 people: Applicants must apply to the General Directorate of International Labor of the Ministry of Family, Labor and Social Services for the certificate of eligibility.
- For Investors who have deposited at least 500,000 USD or equivalent foreign currency or Turkish Lira, in banks operating in Turkey for a minimum period of 3 years: Applicants must apply to the Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency.
- For Investors who have bought at least 500,000 USD or equivalent foreign currency or Turkish Lira worth of Government bonds for 3 for a minimum period of 3 years: Applicants must apply to the Ministry of Treasury and Finance for the certificate of eligibility.
- For Investors who have bought at least 500,000 USD or equivalent foreign currency or Turkish Lira worth of real estate investment fund shares or venture capital investment fund shares for a minimum period of 3 years: Applicants must apply to the Department of the Brokerage Activities of the Capital Markets Board of Turkey.
Sources:
Investment Office of Turkey – Acquisition of Turkish Citizenship