On 12th April 2024, the Turkish government officially announced significant reforms to its Citizenship by Investment programme. These changes are designed to further simplify the application process and attract greater international investment, reinforcing Turkey’s appeal as a global investment destination. Coates Global ensures our clients remain up-to-date with these important developments, offering expert insights and guidance.

Key Announcements

The latest reforms include:

• Accelerated Application Process: Citizenship applications are now processed within two to three months, considerably faster than previous timeframes.
• Digitalisation of Applications: A fully digital platform has been implemented, eliminating extensive paperwork and greatly improving efficiency and transparency.
• New Investment Opportunities: Turkey has expanded the range of qualifying investments to include emerging technology sectors, renewable energy initiatives, and strategic industries crucial for economic growth.

Updated Investment Options

Investors can now choose from several attractive pathways:

• Real Estate: Minimum investment of USD 400,000 in property, held for at least three years.
• Bank Deposits: Depositing a minimum of USD 500,000 in a Turkish bank for at least three years.
• Innovative Sector Investment: Investing at least USD 500,000 in government-approved technology or renewable energy projects.

Benefits of the Updated Programme

The recent updates provide numerous advantages for international investors:

• Accelerated Residency and Citizenship: Applications are now processed significantly faster, typically within two to three months.
• Broader Investment Appeal: Diverse sectors for investment allow alignment with individual financial goals and social responsibility preferences.
• Streamlined Digital Process: The fully digital application system simplifies procedures, reduces documentation, and enhances overall efficiency.

Expert Support from Coates Global

Navigating changes in Turkey’s Citizenship by Investment programme requires professional expertise. Coates Global offers dedicated legal and strategic support to ensure a seamless application process and optimal investment outcomes.

Contact Coates Global today to explore your options within Turkey’s dynamic Citizenship by Investment programme.