Turkey launches its Citizenship by Investment Programme
The Turkish Government has just launched the Turkey Citizenship By Investment Programme aimed at encouraging investment into Turkey.
Turkey has just made amendments to its citizenship laws to encourage investment, as per new regulations which have been published in the official government gazzette. The main aim of these amendments is to offer Turkish citizenship to foreigners in exchange of direct investment in the Turkish economy. This announcement comes at a time where the country battles a serious slide in the lira. According to Turkish economist Ugur Civelek, the changes in the legislation are aimed at increasing real estate sales in Turkey which account for a large part of the Turkish economy and financial sector.
Investment Options
Applicants can choose from any of the main investment routes with different amounts of investment mentioned below:
- Purchase Real estate in Turkey worth a minimum $1 million with the special condition of not selling it for at least three years; or
- Invest at least US $ 2 million in fixed capital; or
- Deposit a minimum of $3 million in Turkish banks on condition of not withdrawing it for three years; or
- Create at least 100 jobs in Turkey.
Turkey Passport Ranking
Turkish citizens enjoy visa-free or visa on arrival access to more than 104 countries and territories, ranking the Turkish passport 42nd in the world.
Contact us for more details
We will able to advise you and assist you in submitting an application under this programme once all details are agreed to and implemented in Turkish Law. Being the leading experts in Residency & Citizenship law, we at Chetcuti Cauchi will be able to assist investors once all details are finalised.
Our Residency & Citizenship lawyers have successfully represented individuals and families, from expatriate retirees and immigrants seeming employment, to entertainment and sports personalities and HNW individuals listed in Fortune lists. With their best interest at heart, we make sure to understand their needs in order to suggest the best citizenship or residency programme for them, and assist them not only throughout the application process, but also once it has been finalised.
