Turkish Citizenship By Investment in 2023

Complete guidance and all routs which lead to Turkish citizenship in 2023 impelementing all new regulations and revisions

Turkish citizenship by investment program had recent amendments on 12.01.2017, 19.09.2018, 07.12.2018, 06.01.2022 and on 13.06.2022 in law have further facilitated the process of acquiring a Turkish Citizenship; foreigners or foregin investor (Main applicant) who fulfill any of the following investment options will be eligible to obtain Turkish citizenship for: 1. himself/herself (Main applicant) 2. main applicant's husband/wife 3. Childeren who under 18 years old

Note: there is no age limitation for totaly dependent childeren such as disabled.

As a leading consulting company in Turkey, advising on global and Turkish citizenship, we are pleased to say we have been assisting our clients to obtain their Turkish citizenship by investment in 2-6 months. We can assure our clients that they will receive hassle-free service, by most experienced immigration lawyers and by most competitive price without their presence in Turkey.

What are the main ways to get Turkish citizenship by investment programs?

Options to Acquire Turkish Citizenship	Past Conditions	Current Conditions 2023
1. The amount of immovable properties with the non-saleable period of 3 years as approved by the Environment and Urbanization Ministry	Minimum $ 1000000 (USD) or any other foreign currency equivalent to it or in Turkish TRY	Minimum $400,0000 or any other foreign currency equivalent to it or in Turkish TRY
2. Deposit the total amount in one of the bank of Turkey as defined by Banking Regulation and Supervision Agency of Turkey:	Minimum $ 3,000,000 (USD) or any other foreign currency equivalent to it or in Turkish TRY	Minimum $ 500,000 or any other foreign currency equivalent to it or in Turkish TRY
3. Minimum amount of capital investment that is approved by the Ministry of Industry and Technology:	Minimum $ 2000000 (USD) or any other foreign currency equivalent to it or in Turkish TRY	Minimum $500,000 or any other foreign currency equivalent to it or in Turkish TRY
4. Approval of Ministry of Family, Labor and Social Services to recruit number of employees	Minimum one hundred employees	Minimum 50 employees
5. Minimum amount of government debt instruments purchase as approved by the Finance Ministry:	Minimum $ 3000000 (USD) or any other foreign currency equivalent to it or in Turkish TRY	Minimum $500,000 or any other foreign currency equivalent to it or in Turkish TRY
6. Minimum amount of investment fund in real estate through shares or venture capital as defined by the Capital Markets Board:	Minimum $ 1500000 (USD) or any other foreign currency equivalent to it or in Turkish TRY	Minimum $500,000 or any other foreign currency equivalent to it or in Turkish TRY

Turkish Citizenship by Buying Property

The minimum amount of required investment for Turkish citizenship by buying property must be 400,00 USD in 2023 (or the equivalent amount of investment in Turkish Lira) with the condition that it is not to be sold for at least 3 years. Previously the amount of invest on real estate was $250,000 till 13th June 2022. However, Turkish government offically increased the minimum amount of investment for Turkish citizenship by buying property to $400,000 since 13th June 2022. Here you can find the complete list of property for sale in Turkey . Turkish government authorities even brought some restriction by new regulation on Turkish citizenship by buying property as below by which the new regulation will have implemented by 01.01.2023. The new regulation on buy property by purpose of Turkish citizenship are as below:

According to new regulation any Real estate property must be bought by ONE foreign individual, otherwise the property won't be eligible for getting Turkish citizenship. For example, if 2 person buy one apartment by worth of 850,000 USD, which each investing $425,000 while holding 50% of shares in the title deed, non of the applicant (investor) will get citizenship. sample link

According to new regulation implementing from 01.01.2023, there is a restriction on number of property to be purchased with preliminary sale contract or noterized sale contract and it must be only ONE property by worth of more than 400,000 USD, otherwise the acquired property won't be eligible for getting Turkish citizenship

According to new regulation implementing from 01.01.2023, Any property title deed have been held by a foreign individual during last 3 years from acquiring date, the mentioned property will not be eligible for getting Turkish citizenship by buying property. In other words, any property has been owned by any foreigner, the property won't be suitable for citizenship.

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Turkish Citizenship by Job Creation

According to Turkish citizenship program, foreign individual who is the owner of company or shareholder of a Turkish company by which being created jobs for at least 50 Turkish individual, will be eligible to apply for Turkish citizenship. The last 6 months payment of employees will put into consideration.

Turkish Citizenship by Capital Transfer

Option 2 : The minimum amount of funds to be kept in the Turkish banks for 3 years is $500,000 USD (or the equivalent amount of value in Turkish Lira).

Option 3 : The minimum amount of share capital to be made is $500000 USD or equivalent amount of Turkish Lira. This investment shall be confirmed by the Ministry of Industry and Technology.

Option 5: It is stated that the Turkish Citizenship can be obtained through the government bonds and purchased bills with the condition of holding it for 3 years. Such investments have to be approved by the Ministry of Treasury and Finance.

Option 6 : The Turkish Citizenship can be obtained through the investments in real-estate properties or investment trusts or in shares or venture capital stock funds for $500,000 USD.

List of Real estate for Sale in Turkey

HAUSBIZ one of the leading real estate company in Istanbul having a vast network of connections with the most reputable real estate developers and exclusive second hand protfolio for property for sale in Istanbul which guarantees our clients the best options. A selection of Istanbul properties is listed on this page to give you an idea on what’s available, however we have a wider range of Istanbul properties for sale in our books that we will gladly share with you when in contact. Please do not hesitate to contact us with any questions, requests for free consultations.

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Increasing of Real Estate Sales Rate in Last 3 Years

25%

2016 - 18,391 Sales

21%

2017 - 22,428 Sale

78%

2018 - 40,044 Sales

14%

2019 - 45,967 Sales

How Long Does It Take to Get a Turkish Citizenship by Investment?

Between 2-6 months depending on the readiness of the applicant's documents. Along with the citizenship the investor, his/her spouse, and their children will also be issued Turkish passports. Hauzbiz has an excellent expert team that will provide you with complete support in getting your Turkish Citizenship making it a clear and easy process.

Benefits Of Turkish Citizenship by Investment

Obtaining citizenship of Turkey through investment has many benefits that you will learn about later. These benefits include:

Dual Citizenship

Turkey accepts dual citizenship and foreign investors have the benefit of holding their existing citizenships along with the Turkish one

Fast Track Process

The entire process of getting a Turkish citizenship can be done within 3-6 months.

climate Condition

Turkey has great climate conditon by having 4 season you can experience all type of weather

High Capital Appreciation

Istanbul in the best country in terms of capital growth in whole Europe and Middle Esat

Pension Program

Eligibility for the national pension program benefits

Visa Free to Worldwide

Immidiate access to more than 110 countries, including Singapore, Japan, Qatar and South Korea

10 Year of Passport

Turkish passport needs only be renewed every 10 years and lifetime Renewable

Medical Benefit

Access to full Medical Assistance

Free Education

Benefit from free education and University reimbursement plans.

Fast Relocation to USA

By Holding Turkish passport you can easily immigrate to USA By E-2 investor visa and starting you business

High ranking Military Power

Turkey is most powerful military strength in the Middle east, second largest military force in NATO and 11th high ranking on the world

All family member eligible

All your family member such as spouse, children under 18 years old and disable children

Visa Free Countries with Turkish Passport?

Turkey has one of the most flexible visa policies in the world. Several exemptions are offered to travelers planning to apply for a Turkish visitor visa, business purposes or tourism. Turkey also offers an e-Visa option to more than 40 countries which makes the application process easy and fast.

For certain countries Turkey has also waved off the requirements of Visa and citizens of such countries can stay in Turkey for 90 days out of 180 days unless the duration of the trip is not mentioned, whether it is for tourism or business reasons. Below is the list of countries in which their citizens are allowed entry without visa and the duration of their stay:

Andorra, Argentina, Azerbaijan (30 days), Belarus (30 days), Belize, Bolivia, Bosnia and Herzegovina, Brazil, Brunei, Bulgaria, Chile, Colombia, Costa Rica (30 days), Czech Republic, Denmark, Ecuador, El Salvador, Finland, France*, Georgia*, Germany*, Greece*, Guatemala, Honduras, Hong Kong, Hungary, Iceland, Israel, Italy*, Japan, Kazakhstan (30 days), Latvia (30 days), Liechtenstein*, Lithuania, Luxembourg*, Macedonia, Malaysia, Monaco, Mongolia (30 days), Montenegro, Morocco, Moldova, New Zealand, Nicaragua, Panama, Paraguay, Peru, Russia (60 days), Saint Kitts and Nevis, San Marino, Seychelles, Singapore, South Korea, Sweden, Switzerland*, Tajikistan (30 days), Thailand (30 days), Trinidad and Tobago, Tunisia, Ukraine, Uruguay, Vatican City, Venezuela.

* Citizens of these specific countries can enter Turkey by showing their National ID cards instead of their passport.

Below is the list of countries nationals’ of whom are exempted from visa but only for tourism purposes (i.e. 90 days out of 180 days):

Iran, Albania, Jordan, Kosovo, Kyrgyzstan, Lebanon, Qatar, Romania, Serbia, Slovakia, Slovenia

Below are the listed countries of whom the citizens will have to obtain an e-Visa before planning their travel to Turkey. The e-Visa allows them to stay in the country for 90 days out of 180 days of the total duration, unless specified otherwise:

Antigua and Barbuda, Armenia (30 days), Australia, Austria, Bahamas, Bahrain, Barbados, Belgium*, Canada, China (30 days), Croatia, Dominica, Dominican Republic, Cyprus Greek Cypriot Administration, East Timor (30 days), Fiji (30 days), Grenada, Haiti, United Kingdom Hong Kong, Indonesia (30 days), Ireland, Jamaica, Kuwait, Maldives, Malta*, Mauritius (30 days), Mexico (30 days), Netherlands*, Norway, Oman, Poland, Portugal*, Saint Lucia, Saint Vincent and the Grenadines, Saudi Arabia, South Africa, Spain*, Suriname (30 days), Taiwan (30 days), United Arab Emirates, United Kingdom, United States.

* Nationals of these countries may enter the country with an ID Card instead of the passport.

Under specific conditions, citizens of the countries not listed above will have to apply for an eVisa; like holders of a Schengen visa, US, UK or Ireland. They also need to choose hotel accommodation and book their tickets with Turkish airlines.

Turkish Citizenship by Investment for Family

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Sales to Foreigners in 2022

the number of properties were sold out to foreign buyers and their shares from total in 2022

Total Sales

50,167+

2022

9311

Russia

6540

Iran

5255

Iraq

Russia18%
Iran13%
Iraq10%
Germany4%
Kazakhstan4%
Ukrain3%

Why Turkey?

The reasons of importance of the question that is how to get Turkish citizenship by Investment are as below;

Situated in a large Mediterranean location, Turkey's temperament climatic conditions make it one of the most sought after destinations in the world all year long.
A democratic and safe country with a Muslim majority, that offers security and preservation of the rights of families and individuals alike.
An immigrant-friendly Eurasian country with the most welcoming attitude to foreigners.
A wealthy country with world-class healthcare facilities, natural resources, and food cuisines (high-class health services compared to the United States and the European Union).
High Standards of Education.
Superb quality of life.
Potential to gain visa-free travel to the EU.

What is the Cost of Living in Turkey in 2023?

Due to the foreign exchange currency conversion rate of the Turkish Lira, it is comparatively a much cheaper and better option compared to EU countries. For more details on lifestyle expenses refer to the table below:

Family Member	Lower Class Lifestyle	Middle-Class Lifestyle	Upper-Class Lifestyle
Single Person	2,500 TL (Approx. $ 470 USD)	5,000 TL (Approx. $ 950 USD)	10,000 TL (Approx. $ 1,850 USD)
Family of 3 members	3,500 TL (Approx. $ 650 USD)	7,000 TL (Approx. $ 1,300 USD)	15,000 TL (Approx. $ 2,800 USD)
Family of 4 members	5,000 TL (Approx. $ 950 USD)	10,000 TL (Approx. $ 1,850 USD)	20,000 TL (Approx. $ 3,750 USD

Quick Facts 2019

Number of Tourist

52,7Million

Total Foreigner visitors

45,1million

Income from Tourism

$34,5Billion

Income Increase from Tourism

%34Increase

Frequently Asked Question

Is Turkish Citizenship Worth It?

Is It Easy to Get a Turkish Passport by Investment?

What Are the Disadvantages of Investment in Turkey for Foreigners?

How Much to Invest in Turkey to Get Citizenship?

What Are the Costs for Turkish Citizenship?

Do I need to reside in Dominica to obtain citizenship?

No. There is no requirement to live in Dominica before or after obtaining citizenship.

Will I be taxed in Dominica?

There is no wealth, gift, inheritance, foreign income or capital gains tax in Dominica. As a citizen, you will be liable to pay personal tax if you reside in Dominica.

How long does the application take?

It usually takes less than three months from application to approval.

Is the application process confidential?

The application process itself is confidential, unless due diligence is carried out by accredited agencies and international partners.