CITIZENSHIP BY INVESTMENT
Many countries around the world have incentives in place to attract foreign investment from non-nationals in their economy. Most countries have Citizenship by Investment or Residency by Investment plans, providing access to residency or citizenship, in return of a fixed investment amount and via investment processes.
TURKISH CITIZENSHIP BY INVESTMENT LAW
According to the new regulation regarding the application of the Turkish Citizenship Code in 2019, foreigners who satisfy at least one of the below-mentioned investment options, will be able to obtain Turkish Citizenship for themselves, as well as their families; their spouse and children below 18 years old (18 years old included).
Real Estate Investment
A minimum amount of property (real estate) investment needs to be made to the value of USD 250k, with the condition that the investor does not sell the investment property within the 3 years from the start of the investment.
USD Deposit in a Turkish Bank
A deposit of USD 500k in cash (or the equal value in Turkish Lira) has to be made and kept for at least 3 years in one of the official Turkish Banks.
Fixed Capital Investment
A fixed capital investment of a minimum value of USD 500k (or the equal value in Turkish Lira) must be made. This investment also needs to be confirmed by an official Turkish government body (the Ministry of Industry and Technology).
Government Bonds & Bills Investment
Turkish Citizenship can be obtained by investing in government bonds and bills on the condition that they are held for at least 3 years. And this investment needs to be confirmed by an official Turkish government body (Ministry of Treasury and Finance).
Trust Fund or Venture Capital Investment
It will be possible to obtain Turkish Citizenship if an investment is made in a Turkish real estate investment trust or shares of a venture capital investment fund for a minimum value of USD 500k.
TURKISH CITIZENSHIP WITH INVEST4LAND
All Invest4Land farmlands are officially classified as real estate by Turkish law, and thus qualify as the property investment option (1) to obtain Turkish Citizenship by Investment in real estate in Turkey.
The farmlands offered by Invest4Land are sold at a minimum investment size of 10,000 square meters, to comply with the minimum size of land allowed for foreign ownership. However, the investor would still need to purchase land to the value of USD 250,000 to qualify for the Turkish Citizenship program detailed above. Our lands also fit the required duration, as farmland investments typically require 3-5 years for the first harvest.
The law does not stipulate that the property investment needed to qualify for Turkish Citizenship should be in a single investment. Investors can diversify their property investments, and include other types of property types, such as commercial or residential in addition to farmlands, to reach a total value of USD 250k to qualify for Turkish Citizenship. Many investors use this option by purchasing an apartment or a villa from our sister company API Investments, in addition to their farmland from Invest4Land.
At Invest4Land we offer all our investors the advice and guidance via our solicitors on the application process to acquire the Turkish Citizenship as part of our services.
Invest4Land is the brand name for marketing and management of all agricultural assets of Concept Investment Ltd.
Invest4Land and Concept Investment Ltd are the brand names of the API Group in Turkey.