Turkey is one of the largest economies in the worldwith a population of 80 million people.
Turkey has emerged as a new haven for the biggest citizenship by investment program in the world in 2020. It remains cheapest real estate citizenship program in the world at the moment, most popular among arab and middle east investors.
Foreigners who meet any of the eligible investment conditions may be eligible for fast track turkish citizenship, subject to the decision of the President of the Republic of Turkey. Unlike Caribbean passport program, Turkey does not have donation option for citizenship acquisition. The investments can be active or passive.
For just a US$250,000 investment in real estate, it possible to acquire passports for entire family within 3-4 months.
Real estate is the most profitable of all the investments in Turkey with 150% returns
Turkey has been a candidate country to join European Union since 1999 and part of customs union agreement with EU since 1996. The EU is the 5th biggest trading partner for Turkey. The accession negotiations with the European Union began in 2005, and later stopped by the EU in 2018
WHY TURKEY?
- Turkey is 17th biggest economy in the world with $2 trillion GDP
- EU candidate country status for future accession
- Turkey is at crossroads connecting Asia and Europe with excellent air, sea and transport connections
- Low corporate taxes (22%) and business friendly country
- Attractive and profitable real estate market
- Biggest tourism market visited by 51 million tourists in 2019
CITIZEN BENEFITS
- Popular real estate investment program
- Fast track passports for family within 3 months
- No interview, language tests, education, business or military service
- No residence requirements
- E-1/E-2 visa treaty with United States.
- Dual citizenship unrestricted in Turkey
- Interesting program offering Govt bonds and bank deposit option for citizenship
- Right to vote and hold Govt offices
- Citizenship is permanent and passed down to future family generations.
- Open to all country nationals.
- Simple and easy application process.
- Dual citizenship status
- A well respected second passport
- Passports issued within 3-4 months
- Citizenship is private not reported anywhere
ELIGIBLE INVESTMENTS
1. REAL ESTATE
USD 250,000 held for 3 years
2. BANK DEPOSIT
USD 500,000 held for 3 years
3. BUSINESS / CAPITAL INVESTMENT
USD 500,000 invested for 3 years
4. INVESTMENT FUNDS
USD 500,000 invested for 3 years
5. JOB CREATION
No investment required if you create 50 jobs
REAL ESTATE COSTS
Land registry fee and stamp duty: 4-6%
Legal costs: $2000
Health insurance: $700
Passport fee: $500
VAT: exempt for first time property buyers
residential or commercial for citizenship purpose
FAQS
Free movement with passport
You own a second home in Turkey
No requirement to live in Turkey
Turkey does not maintain official list but there are regulations for foreigners buying property. You can also buy multiple properties totaling $250,000
No. A visa is required.
Passports issued under SCBI are valid for 5 years can be easily renewed at the consulates abroad.
No. Turkey is not a member of commonwealth.
Turkey has E-1 and E-2 visa treaties with United States. You can apply at any nearest embassy where you live with your turkish passport and identity card.
No restrictions