Turkey Immigration Frequently Asked Questions

How do I get residency by investment in Turkey?

Any investor who purchases real estate in Turkey or plans to launch a new commercial venture in the country becomes eligible for a two-year residency permit, which can be then renewed. After eight years of residency, resident permit holders can apply for a long-term residency permit.

How much do I have to invest to get residency in Turkey?

There are no requirements on the minimum investment amount if investors intend to get a two-year residency permit in Turkey. However, they must provide evidence showing sustainable financial resources to support themselves during their stay in the country. Valid medical insurance must also be obtained.

How much do I have to invest to get citizenship in Turkey?

To participate in Turkey’s citizenship-by-investment program, investors have the option to invest $500,000 in government bonds and funds, deposit $500,000 in a local bank, make a capital investment of $500,000, or purchase real estate worth at least $250,000. Investors are required to maintain their investment for at least three years.

What are the requirements for citizenship by investment in Turkey?

Investors are required to structure their investment in a way that it does not divest for at least three years. They also need to submit their biodata, open a bank account in Turkey and provide a detailed description of their investment.

What are the requirements for residency by investment in Turkey?

Investors who are interested in getting a two-year residency permit in Turkey must provide proof of sufficient financial resources that proves they can support their stay in Turkey. Valid medical insurance must also be purchased.

How long does it take to get citizenship by investment in Turkey?

A citizenship-by-investment application in Turkish takes about four months to be processed.

How many countries can I visit with a Turkish passport?

Holders of a Turkish passport can enjoy visa-free access to 111 destinations.

Can I add my spouse and children on my application?

Investors’ spouses and children under the age of 18 can be included in the citizenship-by-investment application as dependents.

What are the criteria for my children to qualify for residency or citizenship in Turkey?

Investors’ children under the age of 18 can be included in the citizenship-by-investment application of Turkey.

Do I have the right to work in Turkey after I obtain residency/citizenship through this program?

Investors who obtain citizenship in Turkey through the investment immigration program have full access to the job market of the country. Residence permit holders need to apply for a work permit in order to be employed by a Turkish company.

Do I have to live in Turkey to qualify for citizenship by investment?

There is no requirement that investors who obtain citizenship via the CBI program must be physically present. Residence permit holders need to limit their stay out of Turkey within a maximum of 120 days per year to keep their status.

What is the tax situation after obtaining Turkish residency or citizenship?

Tax residents of Turkey are subject to taxation on their global income. An individual is considered a tax resident if he or she maintains domicile in Turkey or if he or she spends over six months per year in the country. Investors’ foreign income is exempt from taxation in Turkey if they are considered non-residents.

Will Turkish citizenship automatically grant me European citizenship?

Turkey is not yet a member of the European Union. Obtaining Turkish citizenship does not grant an investor EU citizenship.

What can I invest in to gain citizenship by investment in Turkey?

Investors have abundant options to participate in the citizenship-by-investment program of Turkey, including investing in real estate, government bonds and funds, making a capital investment, or making a deposit in a local bank.

How long do I have to wait before I can sell my investment in Turkey?

Investors are required to maintain their investment for at least three years.

Will my Turkish citizenship expire?

Investors’ Turkish citizenship does not expire unless they choose to renounce it. Turkey allows its citizens to have dual citizenship.