If you have enough money to pay for it, then you can become a citizen of Turkey.
Investment pathways
The investment pathways are the first step in obtaining Turkey citizenship by investment. There are two main options:
1. Citizenship program
2. Citizenship by Investment (CBI)
Both of these options require an initial investment and an annual fee to maintain your status as a citizen, but they differ significantly in terms of eligibility criteria and benefits offered by the government.
Turkish citizenship program
The investment options for the Turkish citizenship program include:
1. Real estate investment – You can buy a property worth at least USD 500,000 in Turkey and hold it for at least three years. In addition to this, you must also invest USD 100,000 in government bonds or bank deposits for two years before applying for citizenship. The real estate value must be declared when you apply for your residency permit and then again when you apply for citizenship. If someone else buys the property on your behalf, they will need to provide proof that they own it and sign an affidavit stating so before any money changes hands between them and yourself (the purchaser).
2. Business investment – Under this option, you can invest USD 250k in an Efendi business investor scheme or Sukuk Bond investment scheme run by TMSF (Turkish Microfinance Institution), which allows investors who have previously been granted residence permits through other channels such as family reunification or employment opportunities (such as teachers) access similar benefits offered under other schemes like those outlined above
Citizenship by investment
The Turkish Citizenship by Investment Program is an investment pathway to obtain citizenship in Turkey.
The program provides a unique opportunity for investors from all over the world who wish to become Turkish citizens, as well as their families, but who do not have any ties with Turkey or its citizens.
In order for an applicant to qualify for citizenship under this scheme, he/she must make a qualifying investment into one or more of the following options:
1. Real estate purchase worth EUR 250 000 (or its equivalent in other currencies) in any province where he/she chooses to reside after acquiring Turkish citizenship with no mortgage attached; or
2. Purchase of stock issued by companies listed on Turkey’s stock exchange; or
3. Purchase of government bonds issued by the Republic of Turkey through banks authorized by law
Investment options
1. Real estate: You can purchase real estate in Turkey for investment purposes, but there are certain requirements you must meet before you can apply for citizenship. The minimum value of your property should be at least TRY 250,000 (approximately USD 40,000) and it must be registered in your name.
2. Business: If you want to invest in a business in Turkey, there are several options available. You can either create an entirely new company or buy an existing one that meets the requirements mentioned above. In addition to this requirement being met by your business venture itself (TRY 500K), all partners need an investment worth TRY 250K each into their shareholding capital as well as proof of employment history with them (legal documents such as diplomas).
Real estate investment
A real estate investment is one of the easiest and most straightforward ways to gain Turkish citizenship.
1. You can buy property in Turkey or lease it for a minimum period of 3 years
2. You have to pay an annual rent of at least $1000
Business investment – Efendi business investor scheme
In January 2014, the Turkish government implemented a new investment scheme for foreign business owners. This program is called Efendi and it offers investors the chance to obtain Turkish citizenship after investing in a qualifying business venture.
If you are interested in this investment option, keep reading to find out more about eligibility requirements, investment options and benefits of Turkish dual citizenship by investment!
Bank deposit investment – Fixed Deposit Scheme of Turkey (TMSF)
The Fixed Deposit Scheme of Turkey (TMSF) is a government-backed investment scheme that helps investors earn interest on their deposits.
The minimum amount to be invested in this scheme is $5,000 while the maximum amount is $2 million. The interest rate offered by TMSF varies between 5% and 7%, depending on whether you choose to invest for one year or five years respectively.
Takeaway#1 You can become a citizen of Turkey if you have enough money to pay for it.
You can become a citizen of Turkey if you have enough money to pay for it. There are different investment pathways, but they all require that you be eligible and meet certain criteria. One way is by investing in real estate, business or government bonds or bank deposits with an amount of at least $1 million (or its equivalent).
Another way is by purchasing shares in Turkish companies listed on stock exchanges abroad as well as those traded on the Istanbul Stock Exchange’s First Market with an amount exceeding $500,000 (or its equivalent). Finally, there is also an option for paying over $250k into a Turkish bank account that has been opened at least three months before applying for citizenship and maintaining this amount continuously during this period
Conclusion
The process of becoming a citizen of Turkey is not easy, but it is worth it. You get access to all the benefits and privileges that come with being a Turkish national. This means that you can travel freely within Europe without having to worry about visas or passports! If you’re interested in becoming part of this great country, then we hope that this guide has helped answer some questions about how it works