program
Turkiye Citizenship by Investment
Program Overview
Minimum Investment
N/A Donation
Minimum Investment
$250,000 Real Estate
Time to Citizenship
6-8 Months
Visa-free Access
120+ Countries & Territories
Turkey Citizenship by Investment Requirements
The Turkish citizenship by Investment program was introduced by the government in 2018 and is focused on real estate investments. The program features a straightforward application process, and investors can benefit from rental income and may re-sell their property.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record.
In addition, you are required to maintain your real estate purchase for a holding period of 3 years.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Confirmed investment sources
Eligible Dependents
- Spouse of the main applicant
- Adult children (biological or adopted) under 18 years of age
Turkey Citizenship by Investment Benefits
Visa-free travel
As a citizen of Turkey, you will be able to travel visa-free or with a visa-on-arrival to over 110 countries and territories in the world, including Singapore, Hong Kong and Brazil.
E-2 Investor Visa
As a Turkish citizen, you will be able to apply for the E-2 investor visa for the United States.
Straightforward process
Designed to be a smooth and straightforward process with a timeframe of 6 to 8 months to your new citizenship.
Tax relief
Turkey does not impose taxes on worldwide income, capital gains, gift, wealth and inheritance.
Minimal residency required
There are no physical residency requirements. You are not required to visit before or after the application.
Dual Citizenship permitted
There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.
TURKIYE | Citizenship by Investment
Legal Basis in Turkey
Article 20 of the Regulation on the Implementation of the Turkish Nationality Law (“Regulation“) stipulating the exceptional cases on which Turkish nationality is obtained, was amended by the Presidential Decree No. 106 (“Decree“) which was published in the Official Gazette dated , September 19, 2018 and entered into force on the same date. A new prerequisite for obtaining Turkish citizenship has also been introduced to Article 20 of the Regulation. Accordingly, if Capital Markets Board determines that a foreigner has purchased a share of real estate investment fund or venture capital fund with a minimum requested value of foreign currency or equivalent Turkish Lira on condition that the share would be hold by such foreigner for three years at least, Turkish citizenship can be obtained upon a Presidential decree.
Costs of Turkey Citizenship by Investment
Minimum required investment
USD 250,000
Land Registry fee
4% of the purchase price
Official Transfer fee (paid to Land Registry)
USD 200
Property Value Report
USD 500 (approx.)
Visa fee per person
USD 100 (approx.)
Residence Permit Fee per person
USD 20 (approx.)
Insurance per person (for adults only)
USD 100 (approx.)
Application fee
USD 100
Application Process For Turkey Citizenship by Investment
Application Process
6-8 months
- Step 1Savory & Partners will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.
- Step 2Savory & Partners' professional team will assist and advise you with the collection of the documents required according to the Government checklist.
- Step 3Savory & Partners will guide you to properties that match your criteria and are marked only as top quality, from reliable developers. You will make a choice, and the purchase and transfer of property procedure will commence.
- Step 4Savory & Partners will help you choose a valuation expert that is licensed by the Capital Markets Board of Turkey and get your chosen property evaluated. The purchase must be completed by registering the applicant's own name on the property and annotating the promise to not sell the property for at least three years.
- Step 5After a safe purchase and valuation and before the completion of the application, the Ministry of Environment and Urban Affairs will confirm if the value of your investment both in the registry and in valuation exceeds $250,000. A residence permit needs to be taken from the Directorate General of Immigration Authority that is specific for investors.
- Step 6Savory & Partners will complete and check the file of your application and send them to İstanbul for an official checking of the file via mail. After your files are complete, the evaluation process for the application will be initiated by the Directorate of the Civil Registry of the city in which the residence permit is taken.
- Step 7The General Directorate of Civil Registry will forward the application file to the National Intelligence Agency of Turkey, and the Agency will conduct a security background check. If the security background report by the National Intelligence Agency confirms the suitability security-wise, the Ministry of Interior will validate the application and direct it to the Presidency of Turkey.
- Step 8The Presidency of Turkey will grant Turkish citizenship to the applicant after receiving the confirmation of application from the Ministry of Interior, officially. The Presidency's granting of Turkish citizenship to the applicant will be published on the Official Gazette and go into operation.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Turkey Citizenship by Investment
Visa-free and visa-on-arrival countries
120+ Countries & Territories
Visa-free and visa-on-arrival countries
- Albania
- Angola
- Antigua and Barbuda
- Argentina
- Armenia
- Azerbaijan
- Bahamas
- Bangladesh
- Barbados
- Belarus
- Belize
- Bolivia
- Bosnia and Herzegovina
- Botswana
- Brazil
- British Virgin Islands
- Brunei
- Burkina Faso
- Burundi
- Cambodia
- Cape Verde
- Chile
- Colombia
- Comoros
- Cook Islands
- Costa Rica
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eswatini
- Ethiopia
- Fiji
- Gambia
- Georgia
- Guatemala
- Guinea-Bissau
- Haiti
- Honduras
- Hong Kong
- Indonesia
- Iran
- Jamaica
- Japan
- Jordan
- Kazakhstan
- Kosovo
- Kuwait
- Kyrgyzstan
- Laos
- Lebanon
- Macao
- Madagascar
- Malawi
- Malaysia
- Maldives
- Marshall Islands
- Mauritania
- Mauritius
- Micronesia
- Moldova
- Mongolia
- Montenegro
- Morocco
- Mozambique
- Namibia
- Nepal
- Nicaragua
- Niue
- North Macedonia
- Oman
- Palau
- Panama
- Paraguay
- Peru
- Philippines
- Qatar
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Samoa
- Sao Tome and Principe
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- South Africa
- St. Vincent and the Grenadines
- Sudan
- Suriname
- Taiwan
- Tanzania
- Thailand
- Timor-Leste
- Tonga
- Trinidad and Tobago
- Tunisia
- Turks and Caicos Islands
- Tuvalu
- Ukraine
- Uruguay
- Uzbekistan
- Vanuatu
- Venezuela
- Zambia
- Zimbabwe
Client Success Stories
Success Stories - A safe and bright future
The problem
Our Indian client, a business owner and single parent was looking for long-term residency in a country that would ensure quality education and safety for his daughter. With a successful business set-up in his home country, he could not consider relocating as it would limit his growth opportunities. At the same time, he wanted to secure a bright future for his daughter ensuring world-class education but was also wary about her well-being and safety. Above all, recently divorced, it was challenging for the client to procure documents for his daughter.
The solution
When the client approached Savory & Partners, we considered the many sentiments involved including that of a father, a dedicated businessman and a single parent. We understood his requirement and prepared a strategy that would not only serve his personal life positively but would see his business grow by leaps.
We recommended Portugal, not just for the simplicity of obtaining a residence permit but its exceptional education system and healthcare. Portugal is known for its outstanding higher education institutions.
Portugal has a lot of different immigration options available. The passive income - the D7 visa, the newly christened Digital Nomad Visa and the option that is tailor-made for businessowners - the Portuguese D2 visa.
Our client could fulfill his residency requirements while also maintaining an active management role in his company without worrying about spending too much time outside of Portugal.
With residential flexibility of the Golden Visa, his daughter could relocate to Portugal immediately and he could fulfil his residency requirements while also maintaining an active management role in his company back home without worrying about spending too much time outside of Portugal. As of 2021, Portugal is globally ranked in the top ten in terms of ease of registering a company. Meaning our client would not only go ahead and bring his existing business to Portugal but could venture into new business opportunities across Europe.
Approaching Savory & Partners to undertake his residency application ensured that the client would have all the necessary documents for himself and his daughter ready on time. Our agents oversaw that all requirements for a successful due diligence were also fulfilled.
Download brochure
Content
- Turkey Country profile
- Benefits of the program
- Investment requirements
- Investment process
Length
4 pages
Language
English & Arabic
size
1 mb
ABOUT TURKIYE
CAPITAL
Ankara
TOTAL AREA
783,562 km²
POPULATION
84.98 million
LANGUAGE(S)
Turkish
CURRENCY
Turkish lira (TRY)
EXCHANGE RATE
1 USD = 33.08 TRY
GDP – PER CAPITA (2022)
USD 10,674
GDP – TOTAL (2022)
USD 907.1 billion
About Turkiye
Dominated by Greeks, Persians, and Romans in turn throughout the classical era, what is now Turkey was once the seat of the Byzantine Empire. After the Ottoman Empire fell in 1918, Turkey transformed itself into the vibrant, modernising, secular state it is today. As a result of its vibrant history and geography, Turkey is a very varied country.
- The Republic of Turkey is a parliamentary democracy.
- The capital is Ankara and other larger cities are Istanbul, Izmir, Bursa, Adana and others.
- The head of state is the president, the prime minister is head of government; since 2007, presidents of Turkey are directly elected, and the president appoints the prime minister.
- As of 2022, Turkey has an estimated 84.98 million citizens. The majority of them are ethnically Turkish – 70 to 75% of the population.
- The official language of Turkey is Turkish, which is the most widely-spoken of the languages in the Turkic family, part of the larger Altaic linguistic group. It is related to Central Asian languages such as Kazakh, Uzbek, Turkmen, etc.
- Turkey has a total area of 783,562 square kilometers (302,535 square miles). It straddles the Sea of Marmara, which divides southeastern Europe from southwestern Asia.
- The narrow Turkish Straits seaway between the two continents, including the Dardanelles and the Bosporus Strait, is one of the world’s key maritime passages; it is the only access-point between the Mediterranean and the Black Sea. This fact gives Turkey enormous geopolitical importance.
- Turkey is among the top twenty economies in the world, although agriculture still accounts for 30% of jobs in Turkey, the economy relies on industrial and service sector output for its growth.
- Turkey has oil and natural gas reserves. It is also a key distribution point for Middle Eastern and Central Asia oil and natural gas moving to Europe and to ports for export overseas.
- Turkey’s coasts have a mild Mediterranean climate, with warm, dry summers and rainy winters. The weather becomes more extreme in the eastern, mountainous region.
Where is Turkiye?
Turkey lies at the crossroads between Europe and Asia; it stretches from the northeast end of the Mediterranean Sea in southeast Europe and southwest Asia. To the north is the Black Sea and to the west is the Aegean Sea. Its neighbours are Greece and Bulgaria to the west, Russia, Ukraine, and Romania to the north and northwest (through the Black Sea), Georgia, Armenia, Azerbaijan, and Iran to the east, and Syria and Iraq to the south. The Dardanelles, the Sea of Marmara, and the Bosporus divide the country.
TURKIYE | Citizenship by Investment
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