Turkish Citizenship by Investment
From Wikipedia, the free encyclopedia
Turkish Citizenship By Investment (TCBI) is an immigrant investor program launched in January, 2017.[1] Participants are required to either purchase real estate worth at least US$400,000 and hold it for 3 years, or to deposit US$500,000 in a bank in Turkey (or invest in bonds, fixed capital contributions, etc.) for a period of 3 years.[2] Participants can also qualify by purchasing an under-construction real estate provided it meets the program's requirements.[3] Upon investing as above and duly submitting citizenship application, a Turkish passport is typically granted in several months or up to a year.[4] As of 2015, approximately one quarter of all nation-states issued such "golden visas,[5] of which approximately half as of 2023 were Turkish.[6] It is the most popular such program in the world.[7]
In October 2024 the opposition İYİ Parti (Good Party) filed lawsuits to revoke such citizenships, claiming an existential demographic crisis for Turkey, there being at least half a million citizens under the program.[8]
