Step-by-Step Guide to Turkey’s Citizenship by Investment Program

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There are around 23 countries that offer Citizenship (CBI) by Investment or Residency by Investment (RBI). More or less, all citizenship programs have similar requirements to be able to obtain the second passport. It will take an in-depth study to discuss this in a single article. We will therefore talk about Turkish citizenship by investment program. Turkey’s citizenship by investment system (Southeast Europe and West Asia) offers far more accessibility than any other European country. Check out the following background if you want to know more about obtaining Turkish citizenship.

Who can apply for the Golden Visa for Turkey?

Although the Turkish Golden Visa is quite flexible, there are still some aspects to consider to qualify for Turkey Golden Visa.

  • The candidate can be from any country in the world except North Korea, Nigeria, Syria, Armenia and Cuba.
  • The applicant must not have violated any law.
  • The applicant must invest a minimum of USD 400,000 in the specified Turkish industries.
  • The applicant’s spouse and children under the age of 18 will also be considered eligible for PR in Turkey and will therefore be granted a Golden Visa.
  • The applicant and his family members joining his family must not have a criminal record.

What are the specified sectors for investment in Türkiye?

The Turkish government has specified a few sectors in which capitalists can invest to obtain permanent status. residence in Türkiye. These sectors are:

  • The applicant can invest a minimum of USD 400,000 in the real estate sector in Turkey. You can buy one or more properties with this amount.
  • One can also deposit up to USD 500,000 in Turkish banks. The investor will receive specified interest rates on these deposits. At the end of 2021, the average interest rate of Turkish banks was around 14%.
  • The investor can also purchase government bills and bonds worth USD 500,000.
  • Investors can also start a business worth up to $500,000 and create 50 jobs.

What contracts are required to apply for the Turkish CBI?

The first thing you will need to do to obtain Turkish PR is to fill out a Turkish “Golden Visa” application form. Below you will find all the documents required to apply for this visa.

  • Birth certificate authenticated by the Ministry of the Interior of the country of origin.
  • Certificate of residence from the country of origin.
  • Marriage certificate, divorce certificate or death certificate.
  • Copies of the applicant’s passport.
  • Approved document for “Power of Attorney”.
  • Verified receipts of electronic transactions.
  • Biometric photographs.
  • Duly completed application forms.

How to get Turkey’s PR through CBI program?

After your request for Golden visa is approved, here are some tasks you will need to complete to get PR in Turkey.

  • You will need to register for a Turkish tax number at any “Tax Registration Office Branch” in Turkey.
  • Next, you will need to open an account in any Turkish bank.
  • Additionally, you will need to invest fixed capital in Turkey for the sector of your choice.
  • Once the capital has been invested, a bank statement will be given to you. Using this declaration, you will need to obtain the “Certificate of Conformity”.
  • Once you have the certificate, you will be able to apply for Turkish citizenship.
  • You can apply for Turkish PR at the “General Directorate of Migration Management”. The authorities will verify your documents and your investment. In a short time you will obtain Turkish citizenship.

The Turkish passport is quite powerful. By reaching Turkish citizenship, we are able to accelerate mobility. Business visas for the United Kingdom, European countries, Canada and the United States become more accessible with a Turkish passport. Therefore, Turkey is not only a peaceful and prosperous place to live with family, but it is also a gateway to better business opportunities.

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