How to Become a Turkish Citizen by Establishing a Company

Turkish Citizen By Establishing A Company

How to Become a Turkish Citizen by Establishing a Company

According to 2nd subclause of Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law; foreigns determined by the Capital Markets Board to have purchased a venture capital investment fund participation share of at least 500,000 USD or its equivalent in foreign currency on the condition that they hold at least three years, can acquire Turkish citizenship exceptionally.

Foreign investor who wishes to apply for Turkish citizenship by investment buys a non-public company completely or becomes a partner to a certain share, the amount corresponding to the share purchased must be at least 500,000 USD or its equivalent in foreign currency or equivalent in Turkish lira. In this case, the applicant may also be asked to submit a company valuation report obtained from the authorized institutions related to the market value report of the company.

If the foreign investor wishes to make an additional investment in a previously made investment, the increase in the investment amount and the share of the foreign investor in the company are considered as of the date of the additional investment. In other words, if the foreign investor is a partner in the company at a certain share, the percentage corresponding to the partnership share is multiplied by the additional investment amount. The resulting amount must be a minimum of 500,000 USD or the equivalent in foreign currency or Turkish Lira.

How to Become a Turkish Citizen by Establishing a Company

How to Become a Turkish Citizen by Establishing a Company

What are the documents required to become a Turkish citizen by establishing a company?

  • 1- Investment Information Form : This form should contain information about the invested company, the subject of the investment transferred to the company’s equity and information about the share of the investor in the capital investment.
  • 2- Valid passport and notarized Turkish translation of the passport,
  • 3- Four (4) passport-sized biometric photographs,
  • 4- A copy of the residence permit on both sides,
  • 5- Special purpose report with the approval of the Certified Public Accountant (Cpa) showing that a minimum of 500,000 USD or its equivalent in foreign currency or Turkish lira has been invested as a capital investment.
  • 6- If the capital investment related to the application is made through a legal entity, the Turkish Trade Registry Gazette Registration, which shows the capital amount and the shareholding structure of the legal entity that made the fixed capital investment, is required.