I’m planning to open up a fast food franchise in Turkey in 2024 and I just got to learn about the citizenship by investment program. Does a franchise business investment allow me to be eligible for citizenship?
Answers
The Turkish citizenship by investment program offers investors 6 options. Franchise business investment is not one of these options. If you can create at least 50 jobs through your franchise business investment, you can acquire Turkish citizenship through this route.
It is possible in principle to apply for CBI in Turkey through investment of $500k into fixed assets of a company which the franchise business investment mentioned may contain and amount to, however, it is a complicated and lengthier process compared to real estate investment option ($400k purchase) or to bank deposit or government bond options ($500k).