Turkish Citizenship for Foreign Investors

Turkish Citizenship for Foreign Investors

Turkish citizenship can be acquired at birth or later. Subsequent acquisition occurs with the decision of the competent authority or by adoption or by exercising the right to choose.

 

In general, the acquisition of Turkish citizenship by the decision of the competent authority may be generally, exceptionally, through re-marriage or marriage. The regulation concerning foreign investors is detailed in the Regulation on the Implementation of the Turkish Citizenship Law. According to the Regulation on the Implementation of the Turkish Citizenship Law:

 

·       Foreigners identified by the Ministry of Industry and Technology where they have made a fixed capital investment of at least US$500,000 or Turkish lira in foreign currency or equivalent   

·       Foreigners identified by the Ministry of Family, Labour and Social Services, where they employ at least 50 people

·       Foreigners identified by the Ministry of Treasury and Finance to purchase government debt instruments of at least 500,000 USD or equivalent foreign currency or Turkish Lira on condition that they keep them for three years

·       Foreigners identified by the Capital Markets Board, who purchased at least USD 500,000 or equivalent foreign currency or Turkish Lira worth of real estate investment fund participation shares or venture capital investment fund participation shares, provided that they hold at least three years

·        

may acquire Turkish citizenship.