Report: Türkiye Citizenship by Investment Programme, 2023

Established in 2017, Türkiye’s Citizenship by Investment Programme has become a popular option for those from the Middle East, especially Afghanistan, Egypt, Iraq and Palestine. Despite being a newcomer to the CBI sector, it has achieved great success.

Türkiye’s Citizenship by Investment Program ranked 8th in the Citizenship By Investment Index, 2023, by the CEOWORLD magazine.

• Seven investment options
• Minimum investment amount: US$400,000
• Application processing time: approximately four to six months

Türkiye’s CBI Programme offers seven investment options:

1. PROPERTY INVESTMENT: Investment of US$400,000 in an approved real estate project recognised by the Ministry of Environment, Urbanisation and Climate Change, to be held for three years.
2. BANK DEPOSIT: Deposit US$500,000 into a Turkish bank, recognised by the Banking Regulation and Supervision Agency,
   to be held for three years.
3. GOVERNMENT BONDS: Investment of US$500,000 in government bonds recognised by the Ministry of Treasury and Finance, to be held for three years.
4. FUND SHARE: Fund share in real estate investment or venture capital investment, of US$500,000 to be held for
   three years.
5. FIXED CAPITAL: Investment of US$500,000 in fixed capital recognised by the Ministry of Industry and Technology, to be held for three years.
6. PRIVATE PENSION: Investment of US$500,000 into a private pension system, to be held for three years.
7. JOB CREATION: Creation of 50 jobs in Türkiye recognised by the Ministry of Labour and Social Security.

Considered one of the most lenient CBI programmes, Türkiye’s CBI Programme does not require applicants to learn Turkish or to attend a mandatory interview. There is also no requirement to take up physical residence in Türkiye, however the applicant will need to obtain an investor residence card and provide biometrics.

While the decision to grant citizenship originally was up to Türkiye’s Council of Ministers, following the 2018 amendments, it is now at the discretion of Türkiye’s president. Successful applicants may apply for an E-2 visa for the US.

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