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How can I invest in Turkey's hospitality and tourism sector via its CBI program?

I'm an investor with business interests in hospitality and tourism industry. Would I need to invest in a residential property worth $250,000 to get citizenship/permanent residency in Turkey, or are other options also available like investment in hotels or a tourism business?


Answers
  • ADMD Mavioglu & Alkan Law Office
    September 10, 2021

    Satisfying at least one of the following criteria is sufficient for CBI applications: investment in real estate worth at least $250,000 that must be held for three years; fixed capital investment worth at least $500,000 in a Turkish corporate entity; at least 50 jobs for individuals in Turkey; deposit at least $500,000 to banks that operate in Turkey that must be held for three years; purchase at least $500,000 state debt instruments of Turkey and again hold them for three years; buy at least $500,000 of Turkish real estate participation fund shares or Turkish capital investment trust fund shares and keep those for three years.

  • Aslan Attorney
    September 15, 2021

    There are six separate ways to apply Citizenship by Investment Program in Turkey: buying a property worth at least 250,000$; a 500,000$ bank deposit, 500,000$ fixed capital investment through company; generate employment for at least 50 individuals; purchase state debt instruments with minimum value of $500,000; purchase real estate participation fund share and capital investment trusts fund share with a minimum value of $500,000.