The Advantages of Turkish Citizenship for International Entrepreneurs

Entrepreneurs seeking a global edge find Turkey a compelling choice. Its citizenship offers business-friendly policies, international mobility, and access to lucrative markets. With the country’s growing economy and geographical location, Turkish citizenship serves as both a practical and strategic asset for entrepreneurs worldwide.

Vladlena Baranova, AML Compliance officer at Immigrant Invest, certified CAMS specialist explains benefits of Turkish passport for international business.

What is Turkey Citizenship by Investment?

Turkey offers a citizenship-by-investment program that allows individuals to obtain citizenship by contributing to the country’s economy. Entrepreneurs can invest in real estate, create jobs, or deposit funds into Turkish banks. The process is straightforward, with a clear timeline and no requirement to reside in Turkey.

Investment options:

  1. Real estate investment. Investors can purchase real estate worth at least $400,000. The property can be rented out or resold after three years.
  2. Capital investment. A minimum investment of $500,000 in Turkish businesses or government bonds is another option for obtaining citizenship.
  3. Bank deposit. Investors can deposit $500,000 in a Turkish bank for a minimum of three years.
  4. Purchase of fund units. The investor can sell the units three years later. During ownership, the investor receives passive income.
  5. Government bonds. Purchasing government bonds worth at least $500,000 and holding them for three years is another eligible investment option.

These options provide flexibility. Turkey passport benefits include offering a range of investment options that cater to various entrepreneurial needs.

11 Advantages of Turkey Citizenship for Entrepreneurs

  1. Access to global markets. Turkey bridges Europe, Asia, and the Middle East, making it an ideal hub for international business.
  2. Visa-free travel opportunities. Turkish citizens enjoy visa-free or visa-on-arrival access to over 120 countries, easing global business travel.
  3. Dual citizenship allowed. Entrepreneurs can retain their original nationality, ensuring continuity in personal and professional affairs.
  4. No residency requirement. It is one of the valuable benefits of citizenship in Turkey. Applicants are not required to live in Turkey before or after obtaining citizenship.
  5. Strategic location for operations. Turkey’s location offers proximity to major markets and efficient transport infrastructure.
  6. Strong trade networks. Turkey’s customs union with the EU and multiple free trade agreements facilitate global commerce.
  7. Business-friendly policies. Turkey’s government provides tax incentives and funding opportunities for foreign investors.
  8. Affordable business costs. Operational costs, including labour and infrastructure, are significantly lower than in Western Europe.
  9. Family inclusion. Spouses and children under 18 are also eligible for citizenship under the same application.
  10. Diverse investment options. From real estate to job creation, entrepreneurs can choose an option that aligns with their business goals.
  11. Tax advantages. Turkey offers competitive corporate tax rates and exemptions for certain industries.

Qualifying Criteria for Entrepreneurs

To qualify for Turkish citizenship by investment, applicants must meet specific criteria:

  • be over 18 years old;
  • make one of the approved investments;
  • have no criminal record;
  • pass a background check conducted by Turkish authorities.

Applicants must provide detailed documentation proving the source of their investment funds. This ensures that the funds are legitimate and comply with international anti-money laundering standards. 

Also, applicants must complete all required financial transactions through Turkish banks to establish transparency. Any discrepancies in the submitted information can result in delays or rejection of the application. 

For entrepreneurs choosing the job creation route, businesses must comply with Turkish labour laws, including minimum wage and employee benefits. By meeting these criteria and maintaining compliance, applicants demonstrate their suitability for Turkish citizenship.

How to Obtain Turkey Citizenship by Investment

Professional assistance recommended. Engaging experts familiar with Turkish regulations ensures a smooth application process and compliance with all legal requirements.

Step-by-step process:

  1. Select an investment option. Decide on real estate, banking, job creation, or government bonds.
  2. Submit preliminary documents. Provide proof of investment, identity, and background.
  3. Make the investment. Complete the required financial transaction, ensuring compliance with Turkish regulations.
  4. Apply for a residence permit. This temporary step allows applicants to finalize their citizenship process.
  5. Submit the citizenship application. File the necessary forms with Turkey’s Directorate of Population and Citizenship Affairs.
  6. Await approval. The process typically takes 3–6 months.

Features of Doing Business in Turkey

Strategic sectors for investment. Turkey prioritises industries such as technology, manufacturing, energy, and tourism. Entrepreneurs can benefit from sector-specific incentives, including grants, reduced tax rates, and R&D support.

Ease of starting a business. Turkey’s streamlined processes allow businesses to be registered quickly, often within a few days. Digital platforms simplify tax filing and compliance requirements.

Foreign ownership allowed. Entrepreneurs can own 100% of their business without needing a local partner. This ensures full control and profit retention.

Government support programs. The Turkish government actively supports foreign investors through initiatives like the Investment Office and regional development agencies. These organisations provide guidance, financial support, and networking opportunities.

Growing consumer market. Turkey’s population of over 85 million creates high demand for goods and services. With a young, tech-savvy demographic, the country is also an emerging hub for e-commerce and fintech.

Favourable trade agreements. Turkey’s customs union with the EU and free trade agreements with over 20 countries facilitate export-driven business models.

Conclusion

Turkish citizenship offers unparalleled advantages for international entrepreneurs. From business-friendly policies to global mobility, it simplifies operations and opens doors to new opportunities.