The Turkey Citizenship by Investment Program was launched in January 2017 with the aim of attracting foreign direct investment to boost growth in the country’s real estate sector. The program has dramatically developed the country’s economy by allowing applicants to choose from a number of different types of economic contributions to Turkish society.
Real Estate Option Applicants are required to acquire at least US$250,000 worth of real estate. The property must be held for at least three years and cannot be re-sold to someone for use in a future application for citizenship by investment.
Bank Deposit Option Applicants can obtain citizenship by depositing at least US$500,000 or equivalent foreign currency or Turkish Lira into a Turkish bank account. The funds must be held in the bank for at last three years.
Government Bonds Option Applicants can also obtain citizenship by purchasing at least US$500,000 or equivalent foreign currency or Turkish Lira in government bonds with a mandatory commitment period of three years.
Fixed Capital Investment Option A fixed capital investment of at least US$500,000 or equivalent foreign currency or Turkish Lira will entitle the investor to receive citizenship.
Jobs Creation Option The final option is of a direct benefit to Turkish citizens as the applicant is required to create jobs for at least 50 people, as attested by the Ministry of Family, Labour and Social Services to qualify for citizenship.
The main applicant may include their spouse, dependent children below the age of 18, and children of any age who are living with disabilities in their application.