Turkey Citizenship by Investment

About Turkey

With its unique geographic position, Turkey is a transcontinental country linking both the European and Asian markets. Turkey is culturally and historically rich offering breathtaking ruins, monuments, and landscapes along with a Mediterranean climate.

Although the Turkish citizenship program was recently launched in 2017, it has quickly become one of the most attractive citizenship programs in the world, with investors obtaining a passport within 6 months. Turkey is also a member country of the coveted E-2 Treaty visa giving investors the opportunity to relocate to the US.

Prime Minister:
Recep Tayyip Erdoğan

Government:
Parliamentary democracy

Economy:
Industrial and service sector, as oil and natural gas reserves

Currency:
Turkish Lira (TRY)

Capital City:
Ankara

Population:
Over 81 million

Language:
Turkish

Tax system:
No tax on worldwide income

Members of:
United Nations,G20 & Nato,Candidate for EU membership

Benefits

Fast-track
Process

Member country of the
coveted E2- Treaty Visa

Privacy &
Confidentiality

Dual Citizenship
Permitted

Passed Along
to Future Generations

Remote
Application

No residency
requirements

Increase Your Global Mobility With Visa Free Access to over 110 countries

Turkey grants passport holders visa-free access to over 110 countries including Singapore, Japan, and Hong Kong. While Turkey remains a candidate to join the EU, negotiations are currently stalled. Turkey also holds the E2-Treaty visa with the U.S. By investing in an existing business or investing in a new business, Turkish nationals have the opportunity to relocate to the U.S with their families.

Eligibility

Main applicants proceeding with the citizenship by investment program must be at least 18 years of age and hold a clean criminal record. Applicants are required to provide personal documentation such as passports, national IDs, birth and marriage certificates as well as proof of funds.

IMPORTANT NOTICE: Adult applicants are exempt from Turkish services such as mandatory military services if citizenship is gained through investment. Children under 18 can apply for exemption and pay a fee.

Full Requirements Checklist

Investment Options

Real Estate

A minimum of USD $250 000 in real estate (applicants must hold the property for at least 3 years). Applicants can purchase multiple properties to meet the minimum required amount and must be confirmed by the Ministry of Environment and Urbanization
A minimum of USD $500 000 worth of real estate in an investment fund share (for at least 3 years), confirmed by the Capital Markets Board of Turkey

Capital Transfer

Invest a minimum of USD $500,000 in one of the following:

Fixed capital investment confirmed by the Ministry of Industry and Technology
Fixed deposit in a Turkish bank for a minimum of 3 years, confirmed by the banking regulation
Government bond for a minimum of 3 years, confirmed by Ministry of Treasury and Finance

*Investors are no longer able to hold foreign currencies and must purchase a minimum of USD $500,000 worth of Turkish Lira before depositing the funds in the fixed capital investment, deposit, or government bond.

Real Estate

Start a business and employ a minimum of 50 people, approved and confirmed by the Ministry of Family, Labour, and Social Services

Addtional Fees

Process

1. Speak with one of our advisors to determine the best solution for you and your family. We will discuss the various citizenship options along with the process and investment options of each program. We offer tailored solutions to assist and meet your goals.

2. We will conduct our initial due diligence check to ensure that you do not currently hold any criminal charges and are eligible to proceed with the Turkish citizenship program. To process the initial due diligence check, a copy of passports for all applicants over 16 and a copy of proof of address (such as a utility bill) is required.

3. Offshore Circle requires a non-refundable retainer to supply application forms and work on your application file.

4. Offshore Circle will provide a customized and itemized list of requirements to ensure you meet and comply with all requirements set by the Provincial Directorate of Census and Citizenship

5. Offshore Circle will assist in obtaining a tax ID number and Turkish bank account, as required to proceed with the investment. Once obtained the applicant can then proceed with their preferred investment option

Obtain a certificate of conformity from an appropriate government authority (determined by investment option).

6. Apply for residency after the investment has been made (typically a day)

After becoming a legal resident, Offshore Circle will assist if filing the application at the Provincial Directorate of Census and Citizenship

7. The Citizenship Committee will then review your application. The typical timeframe is less than 3-6 months.

8. Upon approval, Offshore Circle will apply for the passport on the client’s behalf and the passport will be couriered to the client´s preferred location.

Speak with one of our Citizenship Advisors

Speak with one of our advisors to determine the best solution for you and your family. We will discuss the various citizenship options along with the process and investment options of each program. We offer tailored solutions to assist and meet your goals.

Initial due diligence check

We will conduct our initial due diligence check to ensure that you do not currently hold any criminal charges and are eligible to proceed with the Turkish citizenship program. To process the initial due diligence check, a copy of passports for all applicants over 16 and a copy of proof of address (such as a utility bill) is required.

Initiate Offshore Circle´s Services

Offshore Circle requires a non-refundable retainer to supply application forms and work on your application file.

Gather Required Documentation

Offshore Circle will provide a customized and itemized list of requirements to ensure you meet and comply with all requirements set by the Provincial Directorate of Census and Citizenship

Investment

Offshore Circle will assist in obtaining a tax ID number and Turkish bank account, as required to proceed with the investment.

Once obtained the applicant can then proceed with their preferred investment option Obtain a certificate of conformity from an appropriate government authority (determined by investment option)

Application submission

Apply for residency after the investment has been made (typically a day).

After becoming a legal resident, Offshore Circle will assist if filing the application at the Provincial Directorate of Census and Citizenship.

Processing Time

The Citizenship Committee will then review your application. The typical timeframe is less than 3-6 months.

Approval

Upon approval, Offshore Circle will apply for the passport on the client’s behalf and the passport will be couriered to the client´s preferred location.

Frequently Asked Questions

How long is the passport valid for?

The Turkish passport is valid for 10 years and is renewable upon expiration.

Can I include my family members in my application?

Spouse
Children under 18 years old

What countries are restricted from proceeding with the citizenship application?

Armenia, Cuba, Nigeria, North Korea, and Syria are restricted from proceeding with the Turkish Citizenship program.

What medical conditions are exempt?

Applicants who have a contagious disease such as HIV will not be eligible to proceed with the citizenship application.

Where should I obtain my police report from?

Police reports must be obtained from the applicant’s country of citizenship as well as from any country the applicant has a residence or resided in for more than 1 year.

Can I purchase multiple properties that meet the minimum investment required?

Indeed, you can purchase multiple properties as long as the combined investment is at least USD 250 000.

Can I sell my property?

Applicants are required to maintain the investment for a minimum of 3 years. Properties can be sold after this 3 year period without it impacting the citizenship status.

Am I required to pay VAT on purchased properties?

VAT varies from 1-18% however foreign investors are exempt from paying tax. Once you become a citizen, you can also apply for an exemption if you do not reside in Turkey.

Will I get my money back in the case of denial?

As the investment is required prior to the application submission, you will not receive the funds back in case of denial. You can however choose to resell our investment, in case of denial.

Will I be taxed on my income?

As a non-tax resident, you will only be liable to pay taxes on local earned income such as rental income. If you reside in Turkey for more than 183 days, you will be considered a tax resident and must adhere to the tax law of Turkey.