Patricia Casaburi Citizenship by Investment for Canadians program offers an exciting opportunity to gain permanent citizenship with a variety of investment options.
Canadians can enjoy benefits like visa-free travel to 128 countries and the ability to include family in the application, making the program that much more appealing.
In this guide you will learn about:
What is Turkish Citizenship by Investment?
The Turkish citizenship by investment program was establish in 2017 by the Turkish government, allowing foreign nationals to make investments into the country to obtain Turkish citizenship. Investment options range from real estate for $400,000 to other options including fixed capital contributions and bank deposits for $500,000, to name a few.
Read our Turkey Citizenship by Investment Guide
7 Benefits of Obtaining Turkish Citizenship for Canadians
There are a range of benefits for Canadians obtaining Turkish citizenship, including:
- Dual citizenship: Both Turkey and Canada permit dual citizenship. This means Canadian citizens can obtain Turkey citizenship without renouncing their Canadian nationality.
- Visa free travel: Once a Canadian obtains a Turkish passport they are permitted to travel to 128 countries visa free or with a visa on arrival, opening a world of travel and business opportunities.
- Investment opportunities: The Turkish CBI program offers a range of investment opportunities, opening Canadians up to a range of investment potential, including real estate and businesses.
- Pathway to the US E-2 visa: Canadian citizens don’t directly have access to the US E-2 visa, but Turkish citizens do, meaning Canadians may be eligible once they become Turkish citizens.
- Family inclusion: Canadian citizens can include their family members on their Turkey CBI application, including spouses and dependents under 18.
- Access to affordable healthcare and education: Turkey has affordable healthcare and education systems available to Turkish citizens. This includes access to fantastic Turkey citizenship by investment healthcare benefits and education for a fraction of the cost.
- No residency requirements: Canadians are not required to live in Turkey before or after their application for Turkish citizenship.
Investment Options for Turkish Citizenship by Investment for Canadians
There are a range of options for Canadians looking to obtain citizenship in Turkey through investment, including:
Pathway | Price in US Dollars | Price in Canadian Dollars |
Real estate | $400,000 | CAD 570,434 |
Bank deposit | $500,000 | CAD 713,042 |
Government bonds | $500,000 | CAD 713,042 |
Investment funds share | $500,000 | CAD 713,042 |
Capital investment | $500,000 | CAD 713,042 |
Job creation | Create 50 full-time jobs | |
The most popular option for those looking to apply for Turkey citizenship by investment from Canada is real estate. The property market in Turkey is booming, offering Canadians the opportunity to obtain a second home or a lucrative rental property.
Top 3 Places to Buy Property in Turkey as a Canadian
Before making an investment in Turkish property, knowing which areas offer the best returns and value for money can help. The top three places to buy property in Turkey for Canadians include:
- Istanbul: The largest city in Turkey, Istanbul is the cultural and economic hub of the country. Istanbul offers high rental yields, fantastic infrastructure, and is popular among foreign investors and locals.
- Bodrum: Known for its upscale living options, Bodrum is famous for its high-end investments with premium real estate options along the Aegean coastline.
- Antalya: Offering a more laid-back lifestyle, Antalya is popular among retirees and holiday home seekers. It offers affordable coastal properties, natural beauty and a thriving expat community.
Document Requirements for Canadians
The Turkish citizenship investment program for Canadians requires the following documents for the application:
- Turkish Tax Identification Number
- Valid health insurance
- Divorce decree or spouse’s death certificate (if applicable)
- Biometric passport photos
- Proof of residence
- Clean criminal record certificate
- Marriage certificate (if applicable)
- Birth certificate
- Valid passport
For real estate investments, additional documents include:
- Land Registry Certificate
- Private purchase contract from the developer
- Valuation report approved by the Capital Market Board
Steps for Turkey Citizenship by Investment for Canadians
The process for Canadians to obtain Turkey citizenship by investment include the following steps:
- Step one: Decide on your investment route: Choose one of the investment options that best suits your needs and desires for obtaining Turkish citizenship as a Canadian. Speaking with an immigration specialist at this point can help you make the ideal selection.
- Step two: Gather the required documents: Ensure all your application documents are in order.
- Step three: Complete the investment and apply for a Turkish residency permit: Before you obtain Turkish citizenship you first need a Turkish residence permit.
- Step four: Apply for citizenship: Once you have the residency permit and have made the investment you can apply for Turkish citizenship.
- Step five: Receive your Turkish citizenship: Once you obtain citizenship you can apply for a Turkish passport.
Important to note: Obtaining citizenship through the CBI program requires Canadians to maintain the investment for a minimum of three years.
Processing Time
Canadians can expect to obtain citizenship through investment in 3–6 months, making the program one of the fastest citizenship programs available.
Canadian Tax Implications of Turkey Citizenship by Investment
Taxes in Turkey are based on residency. This means that Canadians are only considered Turkish tax residents if they spend more than 183 days in the country.
One of the main Turkish citizenship tax benefits for Canadians is that Turkey has a double taxation treaty with Canada, meaning Canadian citizens are only taxed once on the same income.
Where to Apply for Turkish Citizenship in Canada
Canadians can find out more about the investment program in Turkey from the Turkish embassy in Ottawa or consulates in Toronto and Vancouver.
Canadians will need to travel to Turkey in person to obtain citizenship from the Presidency of Migration Management. However, this can be a quick trip over a few days where they can apply for residency and citizenship at the same time.
Speaking with a Turkey citizenship lawyer is highly recommended to ensure your application meets the legal requirements for Canadians to invest in Turkey for citizenship. This can help to avoid any unwanted Turkey citizenship by investment delays.
How Can Global Citizen Solutions Help You?
Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwide acquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments.
We guide you from start to finish, taking you beyond your citizenship or residency by investment application.
Frequently Asked Questions About Turkey Citizenship by Investment for Canadians
Can Canadians apply for Turkey Citizenship by Investment?
Yes, Canadian citizens are eligible to apply for Turkish citizenship through the Citizenship by Investment (CBI) program. This program requires making a qualifying investment, such as purchasing Turkish real estate valued at a minimum of $400,000 or choosing from other approved investment options.
How much do Canadians need to invest to get Turkish citizenship?
Canadians can obtain Turkish citizenship by making a qualifying investment, such as purchasing real estate worth at least $400,000. Alternatively, they may choose other approved options, including a $500,000 deposit in a Turkish bank account, investment in government bonds, or capital investment in a Turkish business.
What are the investment options for Canadians under Turkey’s citizenship by investment program?
- Real estate: $400,000
- Bank deposit: $500,000
- Government bonds: $500,000
- Investment funds share: $500,000
- Capital investment: $500,000
- Create 50 full-time jobs
How long does it take for Canadians to get Turkish citizenship by investment?
Canadians can expect to obtain citizenship through investment in 3–6 months, making the program one of the fastest citizenship programs available.
Can Canadian citizens include their family in the Turkey citizenship application?
Yes, Canadian investors applying for Turkish citizenship can also include their spouse and dependent children under the age of 18 in the same application.
Can Canadians invest in real estate to qualify for Turkish citizenship?
Yes, Canadians can qualify for Turkish citizenship through the Citizenship by Investment (CBI) program by purchasing real estate in Turkey with a minimum investment amount of $400,000 USD.
Is Turkish citizenship permanent for Canadian investors?
Yes, Canadian investors who acquire Turkish citizenship through the Citizenship by Investment program receive permanent citizenship, with lifelong rights that can be passed on to their descendants.
Can Canadians retain their Canadian citizenship after acquiring Turkish citizenship?
Yes, Canadians can keep their Canadian citizenship after obtaining Turkish citizenship. Canada permits dual citizenship, allowing individuals to hold multiple nationalities without forfeiting their Canadian status.
Is there a residency requirement for Canadian citizens applying for Turkish citizenship by investment?
Canadian citizens and other foreign nationals applying for Turkish citizenship through the investment program are not required to meet specific residency requirements. However, applicants must retain their investment for at least three years.
What documents do Canadian citizens need to apply for Turkish citizenship by investment?
- Turkish Tax Identification Number
- Valid health insurance in Turkey
- Divorce decree or spouse’s death certificate (if applicable)
- Biometric passport photos
- Proof of residence (e.g., utility bill)
- Clean criminal record certificate
- Marriage certificate (if applicable)
- Birth certificate
- Valid passport
