A Manual to Acquiring Turkish Nationality via Property Investment Programs
By Burak Ünal, Founder & Managing Partner, Gordion Partners
· · 2 min read
In short
Discover the functioning of the Turkish Citizenship by Investment scheme, delve into its criteria and steps, and learn how to acquire Turkish nationality by investing in property.
Investment-based citizenship schemes provide people with the chance to acquire nationality in a nation by making a financial contribution there. Aimed at luring overseas capital and boosting the local economy, these initiatives include Turkey's own version, which grants applicants Turkish citizenship when they invest in the country's real estate market.
Individuals must fulfill specific criteria to qualify for the Turkish citizenship through investment scheme. The stipulations differ with the investment kind, but typically encompass the following: investing at least $400,000 in real estate, having no criminal history, showing adequate income or financial means, and obtaining health insurance.
The steps to acquire Turkish citizenship via the Citizenship by Investment (CBI) program are: Select an investment property: A minimum investment of $400,000 in Turkish real estate is required, which can be a single or multiple properties that cumulatively meet or exceed the threshold. Finish the citizenship application process: Applicants need to fill out all necessary forms, submit the required documentation, and pay applicable fees for the CBI program. Secure a temporary residence permit: Approved applicants are granted a temporary residence permit valid for one year. Await confirmation of citizenship: Applicants must fulfill the conditions for citizenship, including residing in Turkey for at least 60 continuous days within the one-year temporary residence period. Upon satisfying all criteria, the applicant will be granted Turkish citizenship.
The investment-based Turkish citizenship initiative provides a path to citizenship for those who invest in Turkish real estate. To be eligible, one must invest at least $400,000, have no criminal history, demonstrate adequate financial means or income, and secure health insurance. The citizenship acquisition procedure encompasses filing an application, receiving a temporary residency permit, and awaiting the final decision on citizenship.
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The information on this page is general and is not legal, tax or investment advice. Rules, amounts and procedures change; contact us to confirm the current requirements before you act.
