Turkey · citizenship by investment
Turkish Citizenship by Investment (exceptional acquisition of citizenship)
Active as of 12 December 2023
The most recent amendment found narrowed qualifying real property to land with condominium ownership, construction servitude or a building on it, with the USD 400,000 minimum unchanged.
Investment routes
| Route | Minimum | Holding period | Notes |
|---|---|---|---|
| real estate1,2,4,5 | USD 400,000 | 3 years (title deed resale restriction) | Raised from USD 250,000 to USD 400,000 by a regulation published in the Official Gazette on 13 May 2022, taking effect one month later. Since the December 2023 amendment, vacant land without a building, condominium ownership or construction servitude no longer qualifies. |
| business/enterprise3,6 | USD 500,000 | Fixed capital investment attested by the Ministry of Industry and Technology, according to law firm summaries by Pi Legal Consultancy and Bosca Hukuk. | |
| other3,6 | USD 500,000 | 3 years | Bank deposit not withdrawn for at least 3 years, attested by the Banking Regulation and Supervision Agency, according to law firm summaries by Pi Legal Consultancy and Bosca Hukuk. |
| bonds6 | USD 500,000 | 3 years | Government debt instruments held for at least 3 years, according to law firm summaries by Bosca Hukuk. |
| other3,6 | USD 500,000 | 3 years | Real estate investment fund or venture capital fund shares held for at least 3 years, according to law firm summaries by Pi Legal Consultancy and Bosca Hukuk. |
| other1,3,4 | USD 500,000 | 3 years | Private pension fund contribution held in the system for at least 3 years, introduced by the regulation published on 13 May 2022. |
| business/enterprise3,6 | USD 0 | Employment of at least 50 people, attested by the Ministry of Family, Labour and Social Services, according to law firm summaries by Pi Legal Consultancy and Bosca Hukuk. No monetary minimum is set for this route, so minimum is recorded as 0. |
Rules
Legal basis
Turkish Citizenship Law No. 5901 and Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law (2010/139), as amended including the amendments published in the Official Gazette of 13 May 2022 and 12 December 2023 (No. 32397)
Due diligence
Not described in the sources read.
Residence requirement
Not stated in the sources read.
Programme history
- An amendment to Article 20 published in Official Gazette No. 32397 (Presidential Decision No. 7938) limited qualifying real property to land with condominium ownership, construction servitude or a building on it.2,5,7
- The real estate minimum of USD 400,000 took effect, one month after publication of the 13 May 2022 amendment.1,4
- An amendment to the citizenship regulation was published in the Official Gazette, adding a private pension option and raising the real estate threshold.1,4
- An amendment published in Official Gazette No. 31711 required qualifying investments to be made in foreign currency, according to Bosca Hukuk.6
Official programme site: yatirimlavatandaslik.gov.tr
Sources
- Norton Rose Fulbright (Inside Turkey blog), Turkish citizenship, new rules on acquisition (24 May 2022)
- Gurulkan, Turkiye narrows down real property options for citizenship by investment (18 December 2023)
- Mondaq (Pi Legal Consultancy), Turkish Citizenship By Investment (9 May 2022)
- Medyascope, Türk vatandaşlığının bedeli 400 bin dolara çıktı, karar Resmî Gazete'de yayımlandı (13 May 2022)
- Bloomberg HT, Yabancıların arsa alımına engel (12 December 2023)
- Mondaq (Bosca Hukuk), New Rules For Acquisition Of Turkish Citizenship Through Investment (2 September 2024)
- Hukuki Haber, Gayrimenkul karşılığı Türk vatandaşlığında yeni gelişme, yönetmelik değişti (12 December 2023)
Figures are the minimums and fees stated by the programme or its regulations on the date shown. Agents' fees and other costs are extra. This is not investment or immigration advice.