All You Need to Know About Turkey Citizenship by Investment

All You Need to Know About Turkey Citizenship by Investment
  • 2 minutes
  • Jul 19, 2020

Not only is Turkey known for its rich heritage and one of a kind culture, but also for its strategic location between Europe and Asia that has given the country major financial, economic and political influence in the region.

Apart from being an attractive tourism destination, Turkey is also perceived as a prime investment destination among investors, particularly the ones interested in obtaining a second passport to secure their future and that of their family.

The Government of Turkey launched Turkey Citizenship by Investment in 2018 granting investors the Turkish Passport in 3 to 4 months. The program allows investors to obtain a second passport either through:

  • The acquisition of immovable property for a value of $250,000.
  • The property can be residential, commercial or land and must be held for at least 3 years.
  • Or through a capital investment by placing at least $500,000 in a Turkish Bank retained for 3 years.  

Benefits of Turkey Citizenship by Investment

Once investment is made, investors can enjoy the many benefits of a second passport in Turkey including:

  • Free education and full medical assistance in world-renowned institutes
  • Visa free travel to over 115 countries
  • Lifetime citizenship that can be passed on to future generations by descent
  • Annual rental returns if investor chose to invest in a real estate property
  • Future access to the EU and Schengen Zone without a visa

Qualifications of Turkey Citizenship by Investment Program

In order to qualify for the Turkish Citizenship Program, investor must:

  • Have a valid passport
  • Be over 18 years of age
  • Hold no criminal record
  • Make the required investment in the chosen scheme

Main applicant will also be able to add dependent children under the age of 18 years old, but won’t be able to add dependent parents under the same application.

Turkish Citizenship is one of the most favored second citizenship programs among investors in the MENA region. If you would like to learn more about the program’s requirements, investment schemes, and how it might be the perfect program for you and your family, kindly get in touch with Bluemina’s advisors who will gladly assist you in obtaining the Turkish Passport.