The Problem
Turkey offers one of the world most attractive citizenship-by-investment programs, but the process is complex and the stakes are high. Minimum investment thresholds have changed multiple times, fraudulent intermediaries promise unrealistic timelines, and some investments do not qualify. Making the wrong investment or failing to meet procedural requirements can result in losing hundreds of thousands of dollars without obtaining citizenship.
How the Law Works in Turkey
Citizenship by investment is regulated by Article 12 of the Turkish Citizenship Law (Türk Vatandaşlık Kanunu, Law No. 5901) and implementing regulations. Current investment thresholds (as of 2024): real estate purchase of at least $400,000 with a three-year sale restriction; bank deposit of at least $500,000 for three years; fixed capital investment of at least $500,000; or creating employment for at least 50 people. The application is submitted to the General Directorate of Population and Citizenship Affairs (Nüfus ve Vatandaşlık İşleri Genel Müdürlüğü).
What the Tourist Should Do
Choose the investment route that best fits your situation. For real estate: ensure the property is valued at or above the threshold by an SPK-licensed appraiser, and complete the Tapu transfer with a "not to be sold for three years" annotation. For bank deposits: transfer funds to a Turkish bank and obtain a Certificate of Conformity. Apply for a residence permit first, then submit your citizenship application with all supporting documents. Include your spouse and children under 18 in the application.
The Risks
Properties sold specifically for the CBI program may be overvalued. If the appraisal value falls below the threshold, your application will be rejected. The three-year holding period is strictly enforced — selling early cancels your citizenship. Intermediaries who guarantee approval in weeks are typically fraudulent. The process normally takes 3–6 months after complete submission. Changes in threshold amounts can affect pending applications.
LetFix Solution
LetFix provides comprehensive legal support for citizenship by investment in Turkey. Our lawyers verify investment eligibility, conduct due diligence on properties, manage the application process, and ensure compliance with all requirements.
