Turkey has become an attractive destination for those seeking global mobility through its citizenship-by-investment program. By making a qualified investment in the country, foreign nationals can acquire Turkish citizenship, opening the door to visa-free travel to 115 countries and territories worldwide.
Top 5 Reasons to Opt for Buying Turkish Citizenship in 2024
Here are 5 reasons why one should buy Turkish citizenship as compared to other countries:
1# Visa-free travel to over 115 countries: Visa-free Travel: Turkish passport holders enjoy visa-free travel to over 115 countries, including popular destinations in Europe, Asia, and the Americas, facilitating easy international travel for business or leisure.
2# Strategic location: Positioned at the crossroads of Europe, Asia, and the Middle East, Turkey’s strategic location makes it an ideal hub for both business and travel. The country boasts a robust and expanding economy, playing a significant role in regional and global affairs.
3# Rich history and culture: With a diverse history dating back to the Ottoman Empire, Turkey is home to UNESCO World Heritage Sites such as the Hagia Sophia, the Blue Mosque, and the ancient ruins of Ephesus, offering a culturally rich experience.
4# Affordable living: Turkey provides a relatively cost-effective living environment compared to other European countries, offering a lower cost of living than places like the United Kingdom, France, and Germany.
5# Ease of obtaining citizenship: Acquiring Turkish citizenship through investment is a straightforward process with a minimum investment requirement of USD 400,000 and a typical processing time of 3-6 months.
In addition to these reasons, there are a number of other benefits to buying Turkish citizenship, such as the right to vote, live and work in Turkey, and access to free healthcare and education. Turkish citizenship can also be a valuable asset for business travelers and investors. Here is a table comparing the visa-free travel benefits of Turkish citizenship to those of other popular investment migration destinations:
Buying Turkish Citizenship VS Others
|Countries||Visa-free travel to over 100 countries||Min investment requirement||Processing time|
|Turkey||Yes||USD 400,000||3-6 months|
|Portugal||Yes||EUR 350,000||6-12 months|
|Greece||Yes||EUR 250,000||6-12 months|
|Spain||Yes||EUR 500,000||6-12 months|
|Malta||Yes||EUR 150,000||12-24 months|
Mobility of the Turkish Passport in 2024
As of 2024, the Turkish passport ranks 52nd globally, providing visa-free access to 115 countries and territories. The breakdown of visa requirements includes:
|Mobility of Turkiye Passport in 2024|
|Visa on arrival||52|
|eTA (Electronic Travel Authorization)||6|
This high level of visa-free access facilitates travel convenience and affordability for Turkish citizens. Popular destinations include Europe, Asia, North America, South America, and Africa. Turkish passport holders also enjoy benefits such as extended stays, work opportunities, and study options in many countries.
Turkish Citizenship Investment Options in 2024
To obtain Turkish citizenship through investment, individuals can choose from several investment options, each with its own minimum investment requirement and holding period:
1# Real Estate Investment: Purchase real estate worth at least USD 400,000 and maintain ownership for a minimum of three years.
2# Fixed Capital Investment: Make a minimum fixed capital investment of USD$500,000 as attested by the Ministry of Industry and Technology.
3# Bank Deposit: Deposit at least USD $500,000 in a Turkish bank account and maintain the deposit for at least three years.
4# Government Bonds: Purchase government bonds worth at least USD $500,000 and maintain the investment for three years.
5# Fund Shares: Invest at least USD $500,000 in shares of a real estate investment fund or venture capital investment fund for a minimum of three years.
For easy understanding following is detailed information about all investment options to acquire Turkiye Citizenship in 2024:
Turkish Citizenship by Investment Options in 2024
|Investment Option||Minimum Investment||Holding Period|
|Real Estate Investment||USD $400,000||3 years|
|Fixed Capital Investment||USD $500,000||Not specified|
|Bank Deposit||USD $500,000||3 years|
|Government Bonds||USD $500,000||3 years|
|Fund Shares||USD $500,000||3 years|
Eligibility Criteria for Acquiring Citizenship of Turkey
In addition to the investment requirement, applicants must meet specific eligibility criteria, including:
- Be at least 18 years old.
- Have a clean criminal record.
- Prove financial solvency.
- Demonstrate basic proficiency in the Turkish language.
How to Apply for Turkey Citizenship by investment Option?
The application process for Turkish citizenship by investment involves the following steps:
- Choose an investment option and make the required investment.
- Gather the necessary application documents.
- Submit the application to the Ministry of Interior.
- Attend an interview with the Ministry of Interior.
- Receive the certificate of naturalization.
- Apply for a Turkish passport.
The processing time for citizenship applications is typically 3-6 months.
Considerations and Additional Information regarding application for Turkish citizenship:
- Family Inclusion: Applicants can apply for citizenship for their spouse and dependent children.
- Renunciation of Current Citizenship: Applicants must be willing to renounce their current citizenship to become Turkish citizens.
- Application Fee: There is a citizenship application fee.
- Professional Assistance: Several companies offer assistance with the application process.
Obtaining Turkish Citizenship through Marriage Option
Aside from the investment route, individuals can also acquire Turkish citizenship by marrying a Turkish citizen. The requirements include a legal and registered marriage in Turkey, three years of marriage, residence in Turkey, a clean record, and basic proficiency in Turkish.
In conclusion, the Turkish citizenship-by-investment program and marriage route offer individuals a pathway to global mobility, granting access to a diverse range of countries and opportunities. The Turkish passport, with its favorable visa-free access and additional benefits, further enhances the appeal of Turkish citizenship for those seeking international flexibility and opportunities.