The Turkey citizenship by investment program is an ideal option for Indians looking to obtain citizenship within three to six months. Whether you are looking to invest in Turkish real estate, start a business, or invest in a real estate investment fund, Turkey citizenship by investment for Indians offers a world of opportunity.
Benefits of the program include a low minimum investment threshold, no stay requirements, family inclusion, and visa free access to over 120 countries once the Turkish passport is obtained.
In this guide you will learn about:
What Turkish Citizenship by Investment Is
Turkey citizenship by investment is a citizenship program allowing foreign nationals to invest in Turkey in exchange for Turkish citizenship. Launched in 2017 by the Turkish government, the program aims to attract foreign direct investment into the country.
There are various pathways, including real estate, bank deposits, job creation, and investment funds available, providing Indian citizens a range of options for foreign direct investment into Turkey.
Read our Turkey Citizenship by Investment Guide
6 Reasons Why Indians Are Choosing Turkey for Citizenship by Investment
Turkey is a popular option for Indians for a variety of reasons, let’s take a closer look:
- Affordable investment requirements: The minimum investment threshold is $400,000 (₹3481,542,6) in real estate, making it much more affordable than many other European citizenship programs.
- Fast-tracked citizenship: Indian citizens can acquire Turkish citizenship in about 3-6 months.
- No stay requirements: Indians are not required to live in the country to fulfill their investment requirements, before or after citizenship is granted.
- Strategic location: Indian entrepreneurs interested in expanding their businesses can benefit from Turkey’s strategic location between Asia and Europe.
- Access to other visas: Turkish citizens have access to its E-2 visa treaty with the US and the UK business visa under the Ankara Agreement.
- Family inclusion: Indian investors are permitted to bring their spouse and dependent children to Turkey under the same application.
Investment Options for Turkey Citizenship by Investment
Investing in Turkey for citizenship has a range of options to choose from, including,
Pathway | Price in US Dollars | Price in Indian Rupee |
Real estate | $400,000 | ₹3481,542,6 |
Bank deposit | $500,000 | ₹435,192,82 |
Government bonds | $500,000 | ₹435,192,82 |
Investment fund share | $500,000 | ₹435,192,82 |
Capital investment | $500,000 | ₹435,192,82 |
Job creation | Create 50 full time jobs | |
The primary reason most foreign investors opt for real estate to obtain Turkish citizenship by investment is that it allows them to secure a second or holiday home while gaining a Turkish passport within just a few months. This passport offers visa free travel to over 120 countries across the globe.
A key advantage is the flexibility in property purchases. Indian investors can buy a single property or multiple properties with minimal restrictions. Additionally, they are not required to reside in their investment; they only need to retain ownership for three years before selling.
Popular areas to buy property in Turkey
Turkey has stunning locations, inviting foreign investors to buy properties depending on their needs and investment requirements:
- Istanbul: A bustling metropolis that bridges Europe and Asia, Istanbul offers high rental yields, luxury developments, and historic properties in prime locations like Beşiktaş, Şişli, and Kadıköy.
- Antalya: A top coastal destination with a Mediterranean climate, Antalya is ideal for beachfront properties, vacation homes, and investment apartments, particularly in areas like Konyaaltı and Lara.
- Bodrum: Known for its upscale lifestyle and scenic coastline, Bodrum attracts investors looking for luxury villas, boutique hotels, and waterfront properties in areas like Yalıkavak and Türkbükü.
- Ankara: As Turkey’s capital, Ankara provides stable investment opportunities, especially in residential and commercial real estate, with sought-after districts such as Çankaya and Yenimahalle.
Document Requirements for Indians to Get Turkish Citizenship
Here are the general documentation needed:
- Valid passports for each applicant
- Birth certificates for all applicants
- Recent utility bill as proof of residence
- Biometric, colored passport photos for each applicant
- Turkish Tax ID Number
- Proof of a clean criminal record for all applicants
- Valid health insurance coverage in Turkey
- Marriage certificate (if applicable)
- Divorce or death certificate of a spouse (if applicable)
There are some additional documents for property investments, including:
- Valuation report which needs to be accepted by the Capital Market Board
- Land Registry Certificate showing the complete ownership of the property or properties
- A valid private purchase contract from the developer
Steps for Indians to Get Turkish Citizenship
Here are the steps for Indian citizens to obtain Turkish citizenship:
- Step 1: Choose an investment option
- Step 2: Conduct preliminary due diligence
- Step 3: Open a Turkish bank account (optional)
- Step 4: Make the investment
- Step 5: Obtain a certificate of conformity
- Step 6: Prepare and submit application documents
- Step 7: Obtain a residence permit
- Step 8: Apply for citizenship
- Step 9: Receive Turkish citizenship
- Step 10: Maintain investment for three years
Where to Apply for Turkish Citizenship in India
Indians can apply for Turkish citizenship at any of the Turkish embassies or consulates. There are offices in Mumbai and New Delhi. There is also an online portal where you can pre-register for Turkish residency on the e-ikamet system.
Processing Time
Obtaining Turkish citizenship as an Indian takes between 3-6 months, making it one of the quickest citizenship by investment programs.
Tax Considerations for Indians Obtaining Turkish Citizenship
Turkish taxes work on a residency basis. This means that Indians with Turkish citizenship are only taxed on their worldwide income when they spend more than 183 days in the country per year.
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 Indians
How much do Indians need to invest for Turkey Citizenship by Investment?
The minimum investment amount for Turkey Citizenship by Investment for Indians is $400,000 in real estate.
Can Indians get Turkish citizenship by buying property?
Yes, Indians can obtain Turkish citizenship when they purchase property in the country. There are specific requirements and regulations to follow, including a minimum investment threshold of $400,000.
How long does it take for an Indian citizen to get Turkish citizenship through investment?
Obtaining Turkish citizenship as an Indian takes between 3-6 months, making it one of the quickest citizenship by investment programs.
Do Indian citizens need to live in Turkey to get citizenship by investment?
No, Indians are not required to live in Turkey to obtain citizenship. This is one of the main benefits of the program.
What are the benefits of Turkish citizenship for Indians?
- Affordable investment requirements
- Fast-tracked citizenship
- No stay requirements
- Strategic location
- Access to other visas
- Family inclusion
Can Indian investors include family members in their Turkey Citizenship by Investment application?
Absolutely, Indians are able to include their spouse and dependent children on the Turkey citizenship by investment application.
Is dual citizenship allowed for Indians applying for Turkey Citizenship by Investment?
No, India is a single citizenship country, meaning Indian citizens cannot hold more than one citizenship.
How can Indians apply for Turkey Citizenship by Investment from India?
Indians can apply at the Turkish Embassy in India. Alternatively, there is an online portal to pre-register on the e-ikamet system.
What are the common reasons for rejection of Turkey Citizenship by Investment applications for Indians?
Common reasons for rejection include:
- Insufficient investment funds
- Incomplete documentation
- Not maintaining the investment for the full three years
