The Turkish citizenship by investment program is one of the most popular ones among investors.
Cosmopolitans can obtain second citizenship by investing $400,000+ in the country’s economy. There are five options available: purchase of real estate or units of an investment fund or bonds, participation in the share capital of a Turkish company, and opening of a deposit in a Turkish bank.
The purchase of real estate is the most demanded option. Real estate prices grow by 15 to 25% per year in Turkey. As a result, home sales to investors grew by 43.5% in 2021.
Family members such as a spouse and children can get second citizenship in Turkey along with the investor.
1 – Travel to the Schengen area
Citizens of Turkey can get a C-2 Schengen visa for 5 years. The visa allows citizens to stay in the Schengen countries for up to 90 days out of 180.
2 – Visa-free entry to 100+ countries
Holders of the Turkish passport visit 110 countries without a visa: they freely enter Singapore, South Korea and other countries.
3 – “Safe haven”
Investors can go to Turkey at any time, even if the borders are closed. It is crucial in case of an emergency: a political crisis, epidemic, or threat to the safety of family members.
The second citizenship gives the right to live, work, study and run a business in Turkey without restrictions.
4 – E-2 business visa to the USA
Turkish citizens can get an E-2 visa, allowing investors and their families to live and work in the USA. The investor opens or buys a business in the USA to get a visa. The minimum investment sum is not defined, but applicants usually invest $100,000+ in a business project.
5 – Tourist visa to the USA
Investors with Turkey citizenship can get a В-1/В-2 visa to the USA. They apply and pass an interview in US consulates in Turkey, e.g. in Istanbul or Ankara.
6 – Prospect of investment return
An investor can return the money three years after obtaining citizenship in Turkey — by selling the investment real estate. There are no sale restrictions.