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Turkey

Turkey’s citizenship by investment program is one of the most popular ones among investors.

Cosmopolitans can obtain second citizenship by investing $400,000+ in the country’s economy. Five options are available: purchase of real estate or units of an investment fund or bonds, participation in the share capital of a Turkish company, and opening of a deposit in a Turkish bank.

The purchase of real estate is the most demanded option. Real estate prices grow by 15 to 25% per year in Turkey.

Family members such as spouses and children can get second citizenship in Turkey with the investor.

Benefits of Turkey citizenship :

  • Travel to the Schengen Area: Citizens of Turkey can get a C‑2 Schengen visa for 5 years. The visa allows citizens to stay in the Schengen countries for up to 90 days out of 180.
  • Visa-free entry to 120+ countries: Holders of the Turkish passport visit 126 countries without a visa: they freely enter Japan, Singapore, South Korea, and other countries.
  • “Safe haven”: Investors can go to Turkey anytime, even if the borders are closed. It is crucial in an emergency: a political crisis, epidemic, or threat to the safety of family members.The second citizenship gives the right to live, work, study, and run a business in Turkey without restrictions.
  • E‑2 business visa to the USA: Turkish citizens can get E‑2 visas, allowing investors and their families to live and work in the USA. The investor opens or buys a business in the USA to get a visa. The minimum investment sum is not defined, but applicants usually invest $100,000+ in a business project.
  • Tourist visa to the USA: Investors with Turkey citizenship can get a В‑1/В‑2 visa to the USA. They apply and pass an interview in US consulates in Turkey, e.g. in Istanbul or Ankara.
  • Prospect of investment return: The investor can return the money three years after obtaining citizenship in Turkey — by selling the investment real estate. There are no sale restrictions.
  • Easy path to citizenship for a family: There’s no need to take exams or live in Turkey for the citizenship-by-investment program participants. The procedure of obtaining a passport takes several months.Investors’ spouses and minor children may also acquire Turkey citizenship.
  • Profitable investment:Applicants may buy real estate or securities, open deposits, or invest in businesses to get Turkey citizenship. Some investments may be very promising: for example, the cost of Turkish residential properties has grown about six times since 2015.
  • Right to keep other passports: Turkey allows its citizens to have multiple citizenships. Investors and their family members may keep previous passports if other countries allow it.

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