What is the change? Turkey has made it easier to obtain citizenship by investment.

What does the change mean? Eligible foreign nationals can now obtain Turkish citizenship by investing US$500,000 (or the equivalent in Turkish lira) in fixed capital, a Turkish bank account, through the purchase of government stocks or bonds or by participating in a venture capital or real estate investment fund. Citizenship is also available to foreign nationals that generate employment for at least 50 Turkish nationals or invest at least US$250,000 in Turkish real estate.

  • Implementation time frame: Immediate and ongoing.
  • Visas/permits affected: Turkish citizenship.
  • Who is affected: Foreign nationals interested in obtaining Turkish citizenship who are able to meet the investment thresholds outlined above.

Background: Turkey recently lowered the investment thresholds required for obtaining citizenship as follows:

Type of Investment Old Threshold New Threshold
Fixed Capital US $2 million US $500,000
Real Estate US $1 million US $250,000
Employment of Turkish nationals 100 people 50 people
Bank Deposit US $3 million US $500,000
Government Stocks/Bonds US $3 million US $500,000
Venture Capital/Real Estate Investment Fund N/A US $500,000

Investments can be made in U.S. dollars or the equivalent in Turkish lira. Potential applicants should note that they will be required to commit to making/holding investments for at least three years.

Analysis & Comments: Officials hope the lower thresholds will help increase interest in the citizenship program and spur foreign investment in Turkey.

Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom