Citizenship by Investment (CBI) programs offer individuals the opportunity to obtain citizenship in a country in exchange for an investment in that country. These programs are designed to attract foreign investment and stimulate economic growth in the host country. Turkey offers a CBI program that allows individuals to apply for Turkish citizenship in exchange for real estate investment in the country. To be eligible for the Turkish Citizenship by Investment program, individuals must meet certain requirements. These requirements vary depending on the type of investment being made, but generally include:
- A minimum real estate investment of $400,000;
- A clean criminal record;
- Proof of sufficient income or financial resources;
- Health insurance coverage;
- A minimum of 60 days of continuous stay in Turkey within the past year. The general process for obtaining Turkish citizenship through the CBI program involves the following steps:
- Choosing a Property to Invest: Individuals must make a minimum property investment of $250,000 in Turkey. This investment can take the form of a single property or several properties, provided that the total value of the investment reaches the minimum amount required;
- Completion of the application process: Interested individuals must complete the application process for Turkish citizenship through the CBI program. This process includes submission of all required documents and payment of necessary fees;
- Obtaining a temporary residence permit: Once the application is approved, individuals will receive a temporary residence permit, which will allow them to stay in Turkey for a period of one year;
- Waiting for Citizenship Approval: During the one-year temporary stay period, individuals must fulfill the requirements for Turkish citizenship, including a minimum of 60 days of continuous stay in Turkey. If all the requirements are met, the individual’s citizenship application will be approved and he will become a Turkish citizen. Overall, the Turkish Citizenship by Investment program offers individuals the opportunity to obtain Turkish citizenship in exchange for real estate investment in the country. Requirements to obtain citizenship through this program include a minimum real estate investment of $250,000, a clean criminal record, proof of income or sufficient financial resources, health insurance coverage, and a minimum of 60 days of continuous stay in Turkey over the past year.
