Turkey Citizenship by Investment Program
Overview: Turkey offers a Citizenship by Investment (CBI) program that enables foreign investors to obtain Turkish citizenship through substantial financial contributions. This program aims to attract high-net-worth individuals to stimulate the country's economic growth and development.
Eligibility Criteria
To qualify for Turkish citizenship through the investment program, applicants must meet several investment options and other requirements:
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Investment Options:
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Real Estate Investment:
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Purchase real estate worth at least $400,000 and hold it for a minimum of three years.
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Capital Investment:
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Make a fixed capital investment of at least $500,000, confirmed by the Ministry of Industry and Technology.
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Job Creation:
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Create jobs for at least 50 Turkish citizens, as certified by the Ministry of Labor and Social Security.
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Bank Deposit:
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Deposit at least $500,000 in a Turkish bank and maintain the deposit for at least three years.
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Government Bonds:
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Purchase government bonds worth at least $500,000 and hold them for at least three years.
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Venture Capital Investment Fund:
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Invest at least $500,000 in a venture capital investment fund or a real estate investment fund, as certified by the Capital Markets Board of Turkey, and hold the investment for at least three years.
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Additional Requirements:
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Due Diligence:
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Applicants must pass background checks and due diligence procedures to ensure they have no criminal record and pose no security risk to Turkey.
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Application Process
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Preliminary Consultation:
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Engage with accredited agents and legal advisors to assess eligibility and choose the most suitable investment option.
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Investment:
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Complete the chosen investment, ensuring compliance with all requirements and obtaining the necessary certifications from relevant Turkish authorities.
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Residency Application:
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Apply for and obtain a temporary residence permit, which is typically processed quickly for CBI applicants.
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Submission of Citizenship Application:
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Submit the citizenship application along with all necessary documentation, proof of investment, and due diligence reports to the Directorate General of Migration Management.
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Review and Approval:
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The application undergoes a thorough review by Turkish authorities. If approved, the applicant and their eligible family members are granted Turkish citizenship.
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Key Benefits of Turkish Citizenship
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Strategic Location:
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Turkey’s unique geographical location bridges Europe and Asia, providing strategic access to markets in both regions.
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Global Mobility:
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Turkish passport holders have visa-free or visa-on-arrival access to over 110 countries, including Japan, South Korea, and many South American and African countries.
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High Quality of Life:
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Turkey offers a vibrant culture, rich history, beautiful landscapes, excellent healthcare, and a relatively low cost of living.
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Business Opportunities:
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Turkey has a growing economy with diverse business opportunities in various sectors, including real estate, tourism, manufacturing, and technology.
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Dual Citizenship:
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Turkey allows dual citizenship, enabling investors to retain their original nationality while acquiring Turkish citizenship.
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