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CARIB INTERNATIONAL
1416 Burlington Tower
Business Bay, Dubai, UAE
PO Box 24528

Turkey

Turkey is a Eurasian country with its large part Anatolia in Northwest Asia, the Middle East, and it’s a smaller part, called Thrace, in southeastern Europe, the Balkans.

The geographic form of this country is like a rectangle that runs from east to west, which turns Turkey into the main northwest Asia-Europe axis in order to have a strategic position in one of the most strategic areas of the world. Turkey, with its direct access to high seas and shipping, is also the most economically successful country in the Middle East with high revenues from trade which includes imports and exports, along with oil and other natural resources. It has a rich history and culture and attracts many tourists from all over the world to visit the historic sites and get acquainted with the traditional culture of its people.

Turkey is a safe haven for Middle East investors and offers an attractive socio-political climate, apart from the business point of view.

Turkey Citizenship by Investment program was established in 2016. It was initially introduced with a very high investment requirement and with constant changes, the Government of Turkey has introduced the below options for acquiring Turkish Citizenship. The Citizenship Application can include Spouse of the investor along with dependent children below the age of 18.

There are two options of investment in order to acquire the Citizenship of Turkey.

Option 1: Investment of US$250,000 into Real Estate.

In this option, the investor must purchase a real estate or even multiple real estates worth minimum of US$250,000. Property price is determined by the valuation undertaken by The Ministry of Environment and Urbanization rather than the actual purchase price.

The investor cannot sell the real estate for a minimum of 3 years but can rent it in order to derive rental income from it.

Option 2: Deposit of US$500,000 into a Turkish bank.

In this option, the investor must open a bank account in a Turkish bank and accordingly deposit an amount of US$500,000 as a Fixed Deposit. The investor must commit that the deposit is kept in the bank for a minimum of 3 years.

Additional Costs:

  • Power of Attorney and issuance of PR card: US$500 per applicant.
  • Processing and Application fees for Citizenship: US$4,000.
  • Legal fees: Varies on every application. To be discussed.

Process:

  • Registration for Tax Identification Number and opening of a bank account.
  • Completion of the bank deposit or purchase of the property under the Investors name.
  • Submission of Residency Permit request for the Investor and the family. The Residency Permit card is issued after 4 weeks from the date of submission.
  • Application submission for Citizenship after the issuance of Residency Permit card.
  • Issuance of Citizenship certificate and passport within 6 months.

Below is the list of documents required for completion of the application. Our paralegal team will assist applicants along with providing all the necessary Government applications required:

  • Color copy of Passport page for all applicants. Must contain the bio page along with Turkey entry stamp page.
  • 12 Passport size photos for all applicants.
  • Copy of Birth Certificate for all applicants.
  • Copy of Marriage Certificate.
  • Power of Attorney.
  • Police Clearance Certificate for the Main Applicant, Spouse and dependent children above the age of 16. To be submitted after the issuance of Turkey Residency Permit.

Note: Documents provided must be Certified (or Apostilled) and in Turkish (or legally translated)

Benefits of Turkey Citizenship:

  • Fast-track procedure for direct citizenship in 6 months.
  • No language requirements for residence or citizenship.
  • Citizenship for Investor along with spouse and dependent children up to age of 18.
  • Guaranteed investment with bank Fixed deposit.

List of Visa-free countries for Turkey passport holders.

* Visa on arrival ** eTA

EUROPE
Sri Lanka ** Palau Islands *
Albania Taiwan * Samoa *
Belarus Tajikistan * Tonga *
Bosnia and Herzegovina Thailand Tuvalu *
Kosovo Timor-Leste * Vanuatu
Moldova Uzbekistan
AMERICA
Montenegro
AFRICA
Antigua and Barbuda
North Macedonia Botswana Argentina
Serbia Cape Verde Islands * Bahamas
Ukraine Comoros Islands * Barbados
ASIA
Eswatini (Swaziland) Belize
Armenia * Gabon * Bolivia
Azerbaijan * Gambia Brazil
Bahrain * Guinea-Bissau * British Virgin Islands
Bangladesh * Kenya * Chile
Brunei Madagascar * Colombia
Cambodia * Mauritania * Costa Rica
Georgia Mauritius Dominica
Hong Kong (SAR China) Morocco Dominican Republic
Indonesia Mozambique * Ecuador
Iran Rwanda * El Salvador
Iraq Sao Tome and Principe Guatemala
Japan Senegal Haiti
Jordan Seychelles * Honduras
Kazakhstan Somalia * Jamaica
Kuwait * South Africa Mexico **
Kyrgyzstan Sudan * Nicaragua
Laos * Tanzania * Panama
Lebanon * Togo * Paraguay
Macao (SAR China) Tunisia Peru
Malaysia Uganda * St. Kitts and Nevis
Maldives * Zambia * St. Lucia
Mongolia Zimbabwe * St. Vincent and the Grenadines
Nepal *
OCEANIA
Suriname *
Pakistan ** Cook Islands Trinidad and Tobago
Philippines Fiji Uruguay
Qatar Marshall Islands * Venezuela
Singapore Micronesia
South Korea Niue

Visa-free travel to the countries listed above is subject to change. It is strongly advisable that the relevant Government authorities and agencies are contacted prior to travel arrangements made. For updated information, check to KNOW BEFORE YOU GO.

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