How Much Does Citizenship in Turkey Cost for Foreigners?

Turkey, with its rich history, vibrant culture, and strategic location, has become an increasingly popular destination for individuals seeking new opportunities and a second home. For many, the ultimate goal is acquiring Citizenship in Turkey.

If you’re considering this significant step, understanding the financial investment involved is crucial. This article provides a detailed guide to the costs associated with obtaining Turkish citizenship for foreigners, based on current regulations.

Pathways to Citizenship in Turkey: Investment Options

The most common and direct route for foreigners to obtain Citizenship in Türkiye is through the country’s Citizenship by Investment program. This program offers several distinct investment options, each with its own financial commitment. Before looking into citizenship, however, many people first consider a long-term stay.

You can learn about the different ways to get a permit for Residency in Turkey to start your life in the country.

Real Estate Investment

One of the most popular avenues is purchasing real estate.

• Minimum Investment: As per current regulations, foreigners can qualify for Turkish citizenship by purchasing real estate valued at a minimum of USD 400,000.
• Property Types: This can include residential properties, commercial properties, or even multiple properties, as long as the total value meets the threshold and the properties are not sold for at least three years.
• Valuation: The property’s value must be officially assessed by a licensed valuation company approved by the Capital Markets Board of Turkey (SPK).

Bank Deposit

Another significant option involves depositing funds into a Turkish bank.

• Minimum Deposit: Foreigners can deposit a minimum of USD 500,000 into a Turkish bank account.
• Term: The deposited amount must be held in the bank for at least three years. This can be in Turkish Lira or other foreign currencies equivalent to the USD amount.

Investment in Government Bonds or Investment Funds

Other, less common, but equally valid, investment routes include:

• Government Bonds: Purchasing government bonds worth at least USD 500,000 with a commitment to hold them for at least three years.
• Venture Capital or Real Estate Investment Fund Shares: Investing at least USD 500,000 in shares of a venture capital investment fund or a real estate investment fund, again with a three-year holding period.

Job Creation

While not a direct “cost” in the same way as the above, creating employment can also lead to Citizenship in Türkiye.

• Minimum Employees: Establishing a business that creates employment for at least 50 Turkish citizens. This option involves significant operational costs, but does not require a direct monetary investment into a government-approved fund or property.

Additional Costs and Fees for Citizenship in Turkey

Beyond the primary investment, there are several other compulsory and optional costs that applicants for Citizenship in Türkiye should factor into their budget.

Government Application Fees

• Application Fee: There is a nominal government application fee for the citizenship process. This fee can vary slightly but is generally a few hundred US dollars.
• Title Deed Fees (for real estate): When purchasing property, there are associated title deed transfer fees, typically around 4% of the property’s declared value. This is paid to the General Directorate of Land Registry and Cadastre.

Legal and Consultancy Fees

Navigating the Turkish legal and administrative system can be complex, making professional assistance highly recommended.

• Lawyer Fees: Engaging a reputable Turkish lawyer specializing in citizenship applications is advisable. Their fees can vary significantly based on their experience and the complexity of your case, but typically range from a few thousand to several thousand US dollars. They will assist with due diligence, preparing documents, submitting applications, and liaising with government agencies.
• Consultancy Fees: Some applicants also opt for immigration consultants who can provide initial guidance and help streamline the process.

Document Preparation and Translation Costs

• Notarization and Apostille: Documents originating from your home country will need to be notarized and, in most cases, apostilled to be valid in Turkey. This is a crucial step in preparing your application, and understanding the full list of paperwork is essential for a smooth process. To see the specific requirements and steps for submitting your application, you should research the guidelines for Turkey Residence Permits.
• Official Translation: All foreign-language documents submitted for the application must be officially translated into Turkish by a sworn translator and then notarized in Türkiye. The cost will depend on the volume of documents.

Other Potential Expenses

• Passport Fees: Once citizenship is granted, you will need to apply for a Turkish passport, which has its own fee.
• Travel and Accommodation: Depending on your location, you may incur significant travel and accommodation costs for visits to Türkiye for property viewing, legal meetings, and application procedures.

Conclusion: Is Citizenship in Turkey a Worthwhile Investment?

Acquiring Citizenship in Turkey is a significant decision, both personally and financially. The primary cost is the investment itself, whether in real estate, bank deposits, or other financial instruments, ranging from $400,000 to 500,000. Beyond this, applicants must budget for various administrative fees, legal services, and document preparation.

While the financial outlay is substantial, the benefits often outweigh the costs for many individuals. Turkish citizenship offers visa-free or visa-on-arrival access to numerous countries, potential business opportunities, a high quality of life, and the security of a second passport.

It’s crucial to consult with legal professionals and thoroughly research all aspects before committing to this exciting journey.

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