Turkish Citizenship by Investment

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]

In August 2026, Turkish Ministry of Internal Affairs announced that citizenships of 6,134 individuals who acquired it through the programme were revoked due to detected fraudulent activities.[9][10][11]

See also

References

  1. ↑ "Turkey Citizenship by Investment Program". Henley & Partners.
  2. ↑ "Turkish Citizenship By Investment 2024 - Pi Legal Consultancy". August 10, 2024.
  3. ↑ "Turkish Citizenship by Investment Lawyer". Karanfiloglu Hukuk ve Arabuluculuk. Retrieved 2026-04-28.
  4. ↑ "Turkey Citizenship by Investment: Your 3 Step Guide (2025)". January 1, 2025.
  5. ↑ "IMF Working Paper, WP/15/93, Too Much of a Good Thing?: Prudent Management of Inflows under Economic Citizenship Programs, by Xin Xu, Ahmed El-Ashram and Judith Gold" (PDF). Archived (PDF) from the original on 28 October 2019. Retrieved 23 July 2019.
  6. ↑ "The peculiar world of golden passports". Economist Espresso. 18 September 2023.
  7. ↑ Insider, Investment Migration. "The Turkey Citizenship by Investment Program". IMI - Investment Migration Insider.
  8. ↑ Abbas, Ahmad; Insider, Investment Migration (October 3, 2024). "Turkish Opposition Seeks to Revoke CBI Citizenships, of Which They Claim There Are "At Least Half a Million"". IMI - Investment Migration Insider.
  9. ↑ https://www.imidaily.com/europe/turkey-revokes-6134-cbi-citizenships-in-program-wide-sweep/
  10. ↑ https://www.ifcreview.com/news/2026/august/turkey-revokes-citizenship-of-over-6000-people-in-major-citizenship-by-investment-fraud-crackdown/
  11. ↑ https://www.turkiyetoday.com/nation/turkiye-strips-6134-foreigners-of-citizenship-as-property-fraud-unfolds-3225449?s=1
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