You can obtain Turkish citizenship within three to six months. Among foreigners, Turkish citizenship by investment is in demand. This is how up to half of all applicants receive a Turkish passport. Over the past two years, over 35 thousand people have received Turkish passports in this way. The applicant can choose any of six investment options.
1. Purchase of real estate worth $400,000. This is the easiest and most popular investment option when applying. You can buy any property: apartment, house, commercial /industrial premises and land.
It is not necessary to buy one object, you can buy several apartments with a total cost of over $400,000. The only condition: no more than two months should elapse between transactions.
In March 2021, the Turkish government amended the rules for real estate transactions between foreigners. The object can be used to participate in the citizenship program only once. If an investor bought an apartment and then sold it to another foreign citizen, he will not be able to obtain citizenship for the purchase of real estate. The property can no longer be sold to its previous owner – Turkish company or a citizen. If an investor buys housing from a developer and then sells it to him, the basis for obtaining Turkish citizenship will be revised. An exception is the return of real estate to its former owner by a court decision.
2. A deposit in a bank of $500,000 or more. You can save money in any currency accepted by the Turkish bank. The average interest on deposits in Turkish lira in 2020 is from 6.75 to 15.5%, in dollars – from 0.9 to 1.5%.
3. Purchase of national securities from $500,000: government bonds and bills, as well as shares of investment funds specializing in real estate or venture capital investments.
4. Purchase of government bonds in the amount of $500,000 with an obligation to preserve assets for three years.
5. Purchase of shares of investment funds for $500,000, specializing in real estate or venture capital investments, with an obligation to preserve assets for three years.
6. Open a business with a capital of $500,000 or create at least 50 jobs.
Investments in Turkish citizenship are returnable. Three years after obtaining citizenship, you can sell the purchased papers or real estate or close the deposit. If you are lucky, the investment will be profitable.