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Citizenship By Investment

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Cemil Baha ÖZALP

Cemil Baha ÖZALP

Turkey Legal Expert

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Citizenship By Investment

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The Regulation Regarding Application of Turkish Citizenship Code allows investors to obtain Turkish citizenship in 6 different options as followings;

Making fixed capital investment of at least 500.000,00 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,

• Purchasing immovable property of at least 250.000,00 US Dollars in value 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,

• Employing at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labor and Social Services,

• Investing at least 500.000,00 US dollars or its equivalent in foreign currency or equivalent amount of Turkish Lira and make 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,

• Purchasing public borrowing instruments of at least 500.000,00 US Dollars in value or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these instruments for three years and for whom certificate of conformity is issued by the Ministry of Treasury and Finance,

• Purchasing a real estate investment fund participation share or venture capital investment fund participation amount of at least 500.000,00 US Dollars in value or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these participation shares for three-years and for whom a certificate of conformity is issued by the Capital Market Board.

Under these conditions, it is possible to obtain Turkish Citizenship for the family members (wife/husband and children below 18 years old).

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