TURKEY Investor program

BENEFITS

In 2017, Turkey introduced an immigrant investor program which puts investors on a 60-day path to citizenship and passport acquisition, which is renewable every ten years and valid for life. As a citizen, you have access to free education, full medical services and pension programs. Also, Turkey was recently granted membership to the Schengen Area and visa-free travel to the 26 member states in Europe. That said, the Turkish passport will eventually allow for visa-free travel to about 148 countries. Its value will undoubtedly grow further if the country joins the EU.

INVESTMENT

There are various paths to citizenship for immigrant investors, their spouse and their children under 18 years old. The government has set a three-year minimum investment period, after which you and your family are fully recognized as Turkish citizens.

First, you can make a real estate investment of at least 1 million USD. This can be the purchase of a home for instance, which you are required to own for a minimum of three years. Second, you can acquire citizenship by making a government-approved fixed capital investment of at least 2 million USD. Third, you can deposit 3 million USD in a Turkish bank account and keep it there for three years. Fourth, you can purchase 3 million USD in government bonds for three years. Finally, you can make an investment that creates at least 100 jobs.

FINANCIAL REQUIREMENTS

The process is simple, fast (maximum 60 days) and involves very few eligibility requirements. A property investment of 1 million USD can get you a Turkish passport in as little as a few weeks. Furthermore, there are no barriers to withdrawing your capital or selling your property after the three-year investment period.

COMMITMENT

This program stands out from the rest because of the very little requirements imposed on immigrant investors seeking a second passport. Residency, language, skills or experience are not defined as eligibility factors. Furthermore, you are not required to demonstrate your financial situation or comply with any obligations regarding the type of real estate investment you are looking to make. As with other European programs, immigrant investor applicants are, however, put through a series of background checks as a means of due diligence before granting citizenship.