TURKIYE

CITIZENSHIP BY INVESTMENT

Turkiye Country Profile

Capital CityAnkara
Population80,845,215 (2017 est)
Geographic Location39 56 N, 32 52 E
Area783,562 sq km
LanguageTurkish
CurrencyTurkish Lira
Political SystemParliamentary republic
Legal SystemCivil Law based on various European legal systems, notably the Swiss civil code
GDP$2.173 trillion (2017 est.)
GDP per capita$26,900 (2017 est.)
National Anthem"Istiklal Marsi" (Independence March) (1921)
Independence Day29 October 1923 (Republic Day)

Turkiye Citizenship by Investment Program Information

TURKIYE Citizenship by Investment ProgramMore info: www.citizenshipturkey.com
Investment Type(Minimum amounts indicated)
Financial InvestmentUSD 500,000 (3 years hold time)
Real Estate InvestmentUSD 400,000 (3 years hold time)
Restriction on dual citizenshipNo
Physical presence requirementNo
Estimated Application Fees
Government FeesApproximately USD 500 pp
Due Diligence FeesN/A
Passport Fees764 TRL per person (approximately USD 125 pp)
Health insuranceApproximately USD 750 pp annual
Consulting Fees10,000 USD - 20,000 USD
Estimated Cost (RE Purchase)
Single Applicant$271,375
Family of 4 Application (2 children under 18)$284,000
Visa free travel number of countriesOver 100
Residency requirement for citizenship5 years by residency / 6 months by investment

Turkiye Tax Summary

Corporate Income Tax22%
Witholding Tax on Dividends (Res./Non Res.)15% with conditions
Witholding Tax on Interests (Res./Non Res.)%10 with conditions
Witholding Tax on Royalties (Res./Non Res.)%20 with conditions
Capital Gain Tax20%
Personal Income Tax (Res / Non Res.)Progressive from 15% to 35%
Property Transfer Tax2% Buyer - %2 Seller
Inheritance Tax / Estate TaxGift tax between 10% and 30%, and inheritance tax between 1% and 10%
VAT18% in general (%8 and %1 for some items)

* This site is for generic information only.

IRC - International Residency & Citizenship
www.internationalresidency.com