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Turkish Citizenship by InvestmentAn annotated reference

Turkish Citizenship by Investment: Open Data

The figures behind every page on this site, published as files anyone can compute with. The pages read these files at build time, so a figure here and a figure on a page cannot disagree. Licensed CC BY 4.0: reuse it, including commercially, with attribution.

As of 11 November 2026 · source commit 9275f55 · 28 primary sources · 8 open questions

The files

Download links are pinned to the commit above, so a citation does not drift. The latest column always points at the current version, which may differ from what this page shows.

FileContentsFormatDownload
investment-thresholds.jsonCurrent minimums per route, holding periods, legal basis, effective dates, the full threshold history, family inclusion and the general requirementsJSONpinned · latest
government-costs.csvGovernment and third-party transaction costs per route: fixed amounts, per-person amounts and percentages of valueCSVpinned · latest
document-checklist.jsonDocuments required of a main applicant, a spouse and a child, and which need legalisationJSONpinned · latest
apostille-countries.jsonEvery Contracting Party to the 1961 Hague Convention with the date it entered into force there, by ISO 3166-1 alpha-2 code, plus the non-parties our pages nameJSONpinned · latest
processing-times.jsonObserved duration per stage and the end-to-end range, marked as observed because no authority publishes an official figureJSONpinned · latest
investment-returns.jsonYear-end index levels and rates per route, with USD/TRY, for expressing an outcome in dollarsJSONpinned · latest
statistics.jsonPublished statistical series, each dated and sourced, together with what no authority publishesJSONpinned · latest
sources.jsonThe register of every statute, regulation, decision, circular and publication behind the figures, with Resmî Gazete dates and a verification statusJSONpinned · latest

Current thresholds

RouteMinimumHoldingBasisEffective
Real estateUSD 400,0003 yearsOfficial SPK-licensed appraisal value, not the contract price13 June 2022
Bank depositUSD 500,0003 yearsTurkish lira deposit in a bank operating in Turkiye, after the foreign currency is sold to the bank and by the bank to the Central Bank (Regulation Art. 20(10), since 6 January 2022)19 September 2018
Government bondsUSD 500,0003 yearsCertified by the Ministry of Treasury and Finance19 September 2018
Investment fund sharesUSD 500,0003 yearsReal-estate or venture capital fund shares (GYF/GSYF)19 September 2018
Fixed capital investmentUSD 500,000none statedCertified by the Ministry of Industry and Technology19 September 2018
Job creation50 employeesnone statedCertified by the Ministry of Labour and Social Security19 September 2018

Each sub-paragraph annotated ·the full history

Government and transaction costs

Payable to the state or to third parties. None of it counts toward the qualifying amount, and attorney fees are not included.

ItemRouteBasisAmountNotes
Title deed transfer taxreal_estatepercent4.0% of valueLegally 2% buyer + 2% seller; buyers often pay all 4% in practice
VAT (new build)real_estatepercent1.0% of value1%, 10% or 20% depending on classification
VAT exemption (foreign buyer)real_estatefixedUSD 0First delivery of a new residence or workplace to a non-resident buyer paid in FX, VAT Law No. 3065 Art. 13(1)(i), three-year no-disposal condition
SPK-licensed appraisal reportreal_estatefixedUSD 400 to USD 700Mandatory for citizenship files
Currency conversion spreadallpercent0.3% to 1.0% of value0.3% to 1.0% typical bank spread on the inbound transfer
DASK insurance and utility registrationsreal_estatefixedUSD 150 to USD 400
Power of attorney (notary or consulate)allfixedUSD 150 to USD 450
Sworn translation and notarisationallper_personUSD 120 to USD 250Per person in the family file
Residence permit and citizenship application feesallper_personUSD 100 to USD 220Per person in the family file
Biometric photos and courierallfixedUSD 100 to USD 300
Bank account opening and blocked-deposit setupbank_depositfixedUSD 0 to USD 500Varies by bank; some waive it for a deposit of this size

Processing times, and why they are marked as observed

No Turkish authority publishes an end-to-end processing time and no statute sets a deadline. The only official artefact is a provincial service-standards row covering a single stage. So the figures below are marked "basis": "observed" in the data, which is a different kind of claim from everything else on this page, and the dataset says so rather than letting the two blur. End to end: 4 to 10 months from the completed investment to the citizenship decision.

StageObservedWorth querying after
Investment completed to certificate of conformity2 to 8 weeks12 weeks or more
Residence permit under Law No. 6458 Art. 31(1)(j)2 to 4 weeks6 weeks or more
Citizenship file submitted to the citizenship decision12 to 30 weeks43 weeks or more
End to end16 to 42 weeksn/a
  • Individual outcomes vary with nationality, name-match hits and application volume.
  • Security clearance cannot be expedited.
  • Not a prediction for any particular file and not legal advice.

The Hague Apostille status table

Whether a civil status document takes an apostille or needs consular legalisation turns on one question: is the issuing state a party to the Hague Convention of 5 October 1961. The file answers it for all 130 Contracting Parties by ISO 3166-1 alpha-2 code, with the date the Convention entered into force for each, and for the 27 non-parties our pages name. 129 are in force today.

One case a yes-or-no field gets wrong: a state that has acceded but for which the Convention is not yet in force. Documents from there still need legalisation. Currently that is Thailand, in force 28 February 2027.

The file states in terms that absence from it is not a finding: a country we have not listed is a country to check against the HCCH table, not a non-party.

Dollar-return series

7 year-end series as of 6 November 2026, with USD/TRY alongside so a conversion is reproducible rather than asserted. Gross of taxes, fund fees and transaction costs, and not investment advice.

This file records its own weakness: none of its series yet has an entry in the source register, and the lira gold price series has no identified publication at all. Both are in the open questions below.

What no authority publishes

These gaps are stated rather than filled. Nothing in the dataset is estimated or interpolated to cover them, and this is the section practitioners quote back to us most.

  • Goc Idaresi Baskanligi publishes no citizenship-acquisition statistics series. Annual figures reach the public through ministerial statements and parliamentary answers.
  • Annual citizenship acquisitions for 2018, 2022, 2023 and 2026 are not published. The series is non-monotonic, so it must not be interpolated.
  • There is no annual investment-route series, and no published application, approval, rejection or backlog count.
  • No Turkish authority publishes an end-to-end processing time for the investor route.
  • TUIK 2025 nationality counts for China, Pakistan, Bangladesh, Kazakhstan, Saudi Arabia, Afghanistan and Kuwait are not published.
  • No 2026 year-to-date nationality or province breakdown of foreign house sales is published.
  • No official average transaction value for foreign property purchases is published by TUIK, TKGM or TCMB.
  • The revised TUIK series year mapping for 2013 to 2021 is derived by ratio matching, not read off an official table.
  • Appraisal report validity: the Kilavuz of 1 February 2024 states 3 months, post-2026 secondary reporting states 12 months. The sources disagree and the 9 December 2024 Kilavuz could not be read.
  • The current status of the closed-neighbourhood regime for residence permits is unresolved. No official announcement lifting or restating the 2022 position was located.
  • The legal instrument behind the USD 200,000 residence-permit property threshold of 16 October 2023 could not be identified.
  • Overlap between the cumulative 6,134 cancellations and the 687 and 1,070 criminal-file identifications is unquantified.

Open questions

8 questions we have not resolved, published as questions. Several are load-bearing: the reach of art. 20(10) decides whether three routes carry a currency conversion requirement.

  • Decision numbers (esas and karar) for the Danistay rulings in the litigation series are not yet recorded.
  • The Tapu ve Kadastro Genel Mudurlugu circulars are not published in the Official Gazette, so 2019/1, 2021/6 and 2024/4 and its 2026-09-28 amendment rest on secondary reporting and need confirmation against the circular texts.
  • The legal instrument behind the USD 200,000 property threshold for residence permits announced on 2023-10-16 has not been identified.
  • The Official Gazette issue number for the VAT General Application Communique amendment of 2017-05-05 is not yet recorded.
  • Sources disagree on the validity period of the appraisal report underlying the Tutar Tespit Belgesi. The 2026-09-28 amendment to circular 2024/4 is reported to set the window between the Tutar Tespit Belgesi and the citizenship application at 12 months, which may be the origin of the disagreement, but the circular text has not been read.
  • Which sub-paragraphs of Regulation Art. 20(2) the Art. 20(10) lira-conversion requirement reaches. Ra Legal's deposit guide states (b), (c-cedilla), (d) and (e); only the bank deposit is recorded as settled in investment-thresholds.json. Counsel to confirm.
  • The series in data/investment-returns.json have no entries in this register. Borsa Istanbul index levels, TCMB deposit rates and the TCMB residential property price index each need a dated entry with a URL and a retrieval date before a figure from that file can be cited the way a legal figure can.
  • The lira gram gold price series in data/investment-returns.json has no identified publication at all.

If you can close one with a citation, write to the editor.

The source register

28 instruments and publications. Each carries a verification status, because "we read the instrument" and "we read a consolidated text that cites it" are different claims.

InstrumentNo.Resmî GazeteVerification
Turkish Citizenship Law590112 June 2009 · No. 27256official text located
Regulation on the Implementation of the Turkish Citizenship Law2010/1396 April 2010 · No. 27544official text located
Amendment introducing the investor route into the implementing Regulation2016/960112 January 2017 · No. 29946official reference located
Amendment to the investor route criteria2017/100085 May 2017 · No. 30057official reference located
Presidential Decree No. 10610619 September 2018 · No. 30540official reference located
Presidential Decision No. 5554555413 May 2022 · No. 31834official reference located
Fees Law49217 July 1964 · No. 11756official text located
Value Added Tax Law30652 November 1984 · No. 18563official text located
Amendment to the VAT General Application Communique, adding section II/B-12 on the exemption for residence and workplace deliveriesnot recorded5 May 2017official text located
General Directorate of Land Registry and Cadastre Circular No. 2024/42024/4not recordedsecondary
General Directorate of Land Registry and Cadastre Circular No. 2019/12019/1not recordedsecondary
Capital Markets Law636230 December 2012 · No. 28513official reference located
Law on Foreigners and International Protection645811 April 2013 · No. 28615official reference located
Disaster Insurance Law630518 August 2012 · No. 28388official reference located
Convention of 5 October 1961 Abolishing the Requirement of Legalisation for Foreign Public Documentsnot recordednot recordedofficial text located
House Sales Statisticsnot recordednot recordedofficial reference located
Balance of Payments Statisticsnot recordednot recordedofficial reference located
General Directorate of Civil Registration and Nationality (NVI)not recordednot recordedofficial reference located
Ministry of Interior written statements and ministerial statements on the investor routenot recordednot recordedsecondary
Istanbul Chief Public Prosecutor's Officenot recordednot recordedsecondary
Financial Crimes Investigation Board (MASAK)not recordednot recordedofficial reference located
Council of Statenot recordednot recordedsecondary
Presidency of Migration Managementnot recordednot recordedofficial reference located
Ankara Governorship, Provincial Civil Registration and Nationality Directorate service standards tablenot recordednot recordedsecondary
Official Gazette of the Republic of Turkiyenot recordednot recordedofficial text located
mevzuat.gov.tr, the official consolidated legislation databasenot recordednot recordedofficial text located
Amendment requiring qualifying deposits and instruments to be converted into Turkish lira50726 January 2022 · No. 31711official reference located
Law amending the Law on the Taxation of Certain Assets and certain other laws739415 April 2022 · No. 31810official reference located

How to cite this

The Turkish Citizenship by Investment Reference, Turkish Citizenship by Investment: Open Data (CC BY 4.0), as of 2026-11-11, https://turkishcitizenshipbyinvestment.org/data

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Provenance

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