Turkey Citizenship by Investment
Turkey launched a Citizenship by Investment program (CBI) in 2017. In 2018, the Turkish government cut the investment amount significantly to make the program more competitive. The Turkish CBI offers several investment option to applicants, with the most popular being the property purchase. Most investments are required to be held for 3 years from the time of investment. The Turkish passport offers visa free travel to many destinations in the world but not in the EU or the US. Although, Turkey has held talks for visa-liberalization with the EU in 2013 and there is hope that the process will take place in the future.
This permit is issued for a maximum of two years, extendable, provided that you are still running the business or owning a property, have stayed in the country at least 184 days per year, have been a tax resident and you have enough income to support yourself and your dependents.
Your dependents (spouse and dependent children) may apply for a family visa, once you get your residence permit.
After 8 years of legal residency, you may apply for a long-term residence permit, which will allow you to live in the country indefinitely. To be eligible, you must have not received any social aid from governmental institutions in the last 3 years prior to application, have sufficient and sustainable financial resources, and have a clean criminal record.
Instead of a long-term residence permit, after just 5 years of legal residency with a total interruption of less than six months, you may apply for citizenship. You must prove ties to the country, not have been convicted of any crimes, not have any serious disease and have sufficient income to support yourself and your dependents. In addition, you must attend an interview to prove your ability to speak Turkish.
Requirements
– Declaration regarding sufficient and sustainable financial resources for the duration of the stay (stated in the application form; the authority may request supporting documents.)
– Official document regarding the applicant’s ownership of the residence (if applicable).
– An invitation letter or documents of such written by the person or companies to be contacted (if applicable)
– Valid medical insurance by a document facilitating health services in Turkey within the scope of bilateral social security agreements, or provision of a document issued by the Social Security Institution or document regarding the application made to the Social Security Institution that will be covered by the general health insurance or a Private health insurance.
dual citizenship
Dual citizenship is recognized in Turkey. You are not required to renounce your previous nationality to become a citizen of Turkey.
Documents Required
- Original and photocopy of passport
- Proof of income
- Four passport-size photos
- Evidence of purchasing property (if applicable)
- Invitation letter by the company (if applicable)
- Evidence of Health Insurance
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
