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How can my Russian family gain new passports through Turkey’s citizenship by investment program?

I have heard that Turkey is accepting Russian investors. Can I pay using cryptocurrency? What if I don’t have all my documents in order?


Answers
  • Tenha Law Firm
    September 30, 2022

    In order to acquire Turkish citizenship by investment, the following opportunities are offered to the investor: (i) fixed capital investment, (ii) real estate investment, (iii) creating jobs for 50 people, (iv) depositing money into a bank, (v) purchase of government debt instruments, (vi) purchase of real estate investment fund participation shares. Investors, spouses and children under the age of 18 can apply for Turkish citizenship based on the investment. There is no possibility to pay with cryptocurrency in the conditions stipulated for the payment method, but we can indirectly say that it is possible. If the documents required for the citizenship application are not complete, the citizenship application cannot be filed.

  • ADMD Mavioglu & Alkan Law Office
    September 29, 2022

    Yes, Turkey's CBI program is still active. No, cryptocurrencies cannot be used for CBI, the investment amount needs to be transferred into Turkey from abroad in foreign currency. The CBI applicants will need to submit some relevant documents legalized at their own jurisdiction (such as birth certificate, civil registry record regarding marriage, children and documents showing residence address etc. depending on their and their dependents' status).