19.09.2018 and the Presidential Decree numbered 418 published in the Official Gazette dated 7.12.2018, foreigners whose has made a fixed capital investment in the amount of at least 500,000 USD or its equivalent in foreign currency or Turkish Lira determined by the Ministry of Industry and Technology or has purchased the immovable in the amount of at least 250,000 USD or equivalent in foreign currency
or Turkish Lira, provided that the title deed records are not sold for three years determined by theMinistry of Environment and Urbanization
or
has created employment for at least 50 people, determined by the Ministry of Family, Labor and Social Services
or
has deposit in the amount of at least 500,000 USD or equivalent in foreign currency or Turkish Liras to the banks operating in Turkey on condition that keeping the deposit for three years determined Banking Regulation and Supervision Agency
or
has purchased government debt instruments in the amount of at least 500,000 USD or equivalent in foreign currency or Turkish Lira on condition that keeping them for three years determined by the Ministry of Treasury and Finance
or
has purchased the real estate investment fund participation share or venture capital investment fund participation share in the amount of at least 500,000 USD or equivalent foreign currency or Turkish Liras on condition that holding them at least three years determined by the Capital Markets Board
and his/her children under age 18 and wife/husband will be able to acquire Turkish citizenship.
Acquisition of Turkish citizenship through investment consists of the three main stages
The first step is obtaining the Certificate of Conformity from the relevant agency
After the necessary documents are collected (Notarized Turkish translation of the valid passport and passport, four colored passport-appropriate photographs, Official deed or notarized promise to sell the real estate sales contract, Real estate valuation report, The payment of the price by the buyer or the relevant persons to the account of the seller or related persons bank receipt approved by the banks, a document indicating that the immovable property will not be sold for three years at the relevant land registry office.) applications are made to the Department of Foreign Affairs of the Ministry of Environment and Urbanization, General Directorate of Land Registry and Cadastre.
Applications without any deficiencies are finalized within seven (7) business days.
Second step is obtaining short-term residence permit in accordance with subparagraph (j) of the first paragraph of Article 31 of the Law No. 6458
Foreigners who will apply for Turkish citizenship through investment must first obtain a short-term residence permit.
After entry with valid visa or visa exemption, foreign who want to extend stay in Turkey, must apply to short-term residence permit online. Applications in the type of special residence permit issued for the acquisition of Turkish citizenship through investment are finalized within 1 to 10 days after the online application date.
If a special power of attorney arranged between Lawyer and foreign, then there will not be necessity for applicants to be present at Turkey.
Residence permit cards are sent to the address of the applicant, which was notified during the online application, by mail between 2 and 4 weeks after the application process is completed.
For the application, a valid visa, a valid passport and notarized Turkish translate, four pictures suitable for a passport, a private health insurance, an address document, certificate of conformity described in the previous step, a receipt for the fees paid, and optionally a special power of attorney are required.
The passport must be valid during the applied residence permit.
Health insurance must be obtained from Turkey and duration of the policy should cover the period applied residence permit. Private health insurance costs are between € 250-500, including taxes and expenses, depending on the foreign investor’s age, health and similar reasons.
Foreign investors who have completed their short-term residence permit application can complete the application procedures at the private offices of the Immigration Administration in Istanbul and Ankara with the documents required.
It is possible for the foreigner applying for Turkish citizenship to be acquired through investment to apply on behalf of his / her family members (for his / her spouse and children under the age of 18).
For the application, application form, a valid passport and notarized Turkish translate, two pictures suitable for a passport, a receipt for the fees paid, apostille certified identity register copy obtained from the country of foreign investor’s citizenship or certified by the Turkish Consulate and a notarized Turkish translation, apostille certified birth certificate obtained from the country of foreign investor’s citizenship or certified by the Turkish Consulate and a notarized Turkish translation, apostille certified foreign investor’s civil status certificate obtained from the country of foreign investor’s citizenship or certified by the Turkish Consulate and a notarized Turkish translation, if the child under the age of 18 in the custody of the applicant is also required to acquire Turkish citizenship, apostille certified document showing the consent of the parent obtained from the competent authority where the other parent is located and a notarized Turkish translation are required.
