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Success Story: Turkish Passport and Istanbul Property with Astons

Program

Turkey

Timeline

7 months

Investment

$475,700

Family Size

1 person

Names and photos changed for client privacy

Case provided by Astons expert

Susanna Uzakova

Susanna Uzakova

Senior Citizenship & Residency Advisor

Contents

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Susanna Uzakova

Susanna Uzakova

Senior Citizenship & Residency Advisor

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I watched Istanbul grow before my eyes, and at some point I thought: I want to have a home here. Later I found out that by purchasing property, I could obtain a passport too — so I decided to hit two birds with one stone.

Ryan M.

Entrepreneur , USA

PROFILE

Entrepreneur

Applicant 38 y.o.

goals

Client Requirements

  • Generating income
  • Reducing geopolitical risks

The Situation

In the past 5 years, Ryan has visited Istanbul over 40 times. He knows the city inside out and has grown fond of its vibrant energy. “I think I know it better than my hometown, San Francisco,” he joked during his first consultation with Astons.

Eventually, Ryan set his sights on buying an apartment. He was tired of staying in hotels, saw the city’s rapid development, and recognized the potential of real estate as a lucrative investment. Property prices in Turkey have been rising steadily, with annual appreciation rates reaching 10-20% (in USD).

Astons’ Istanbul office has an extensive portfolio of properties catering to even the most discerning buyers. The team informed Ryan that purchasing real estate worth at least $200,000 would qualify him for a residence permit, while a $400,000 investment would grant him Turkish citizenship. Given the global political uncertainty, this option appealed to him, so he decided to secure both a home and a second passport.

The Solution

After carefully reviewing Ryan’s preferences, our experts suggested several properties in high-end residential developments in Istanbul’s business district. Each one met the criteria for Turkey’s citizenship by investment programme.

Ryan ultimately chose a spacious apartment in a luxury eco-friendly complex. The development is surrounded by 4 forest parks and offers residents top-tier amenities: a swimming pool, a spa, barbecue areas, an open-air coworking space, conference rooms, and an on-site restaurant.

His future home will feature a large sunlit terrace and designer finishes.

The Process: From Consultation to Obtaining a Passport

Once Ryan chose his property, the Astons team provided him with a detailed checklist of the documents required for both the purchase and his citizenship application. Our experienced legal team handled all paperwork, ensuring full compliance with program requirements.

With support from our immigration experts, Ryan opened a Turkish bank account, transferred the payment to the developer, and finalized the purchase agreement. He also covered additional administrative costs and fees.

An independent licensed appraiser assessed the property’s value to confirm it met the minimum investment threshold for citizenship. The report was submitted to Turkish authorities, and based on this document, Ryan received his property title deed.

To apply for citizenship, investors have to first get a Turkish residence permit. However, there’s no requirement to live in the country. Astons managed the entire residence permit process, and Ryan only needed to visit Turkey briefly to submit his fingerprints.

Once his residence permit was issued, our specialists filed his citizenship application. Ryan returned to Istanbul twice—once for biometric data collection and later to receive his passport.

Comparison of Citizenship Programmes

Program Investment Threshold Processing Time Schengen Access Physical Presence Requirement

Turkey Turkey

Citizenship

 from $400,000 8 months None None

Vanuatu Vanuatu

Citizenship

 from $130,000 3 months None None

Egypt Egypt

Citizenship

 from $250,000 9 months None None

Grenada Grenada

Citizenship

 from $235,000 6 months None None

What Were the Costs?

a 100 sq. m apartment in Istanbul’s business area

$470,000

VAT 1% of the property price
other administrative fees $1,000
Additional Costs:
Legal assistance by Astons pricing determined individually
Total: $475,700 (excluding Astons service fees).

Personalised Cost Breakdown for Program Participation

Get your investment estimate

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The Outcome

Seven months after his initial consultation with Astons, Ryan received his Turkish passport.

Now, he has a secure backup plan in case of economic or political instability. By the second half of 2025, the residential project will be completed, and Ryan will receive the keys to his new home.

Turkey’s Citizenship by Investment Program Benefits

Buying property is one of the most popular ways to obtain Turkish citizenship. The program is available to applicants aged 18+ with no criminal record. A passport can be obtained by investing at least $400,000 in residential or commercial real estate. Investors can buy multiple properties, rent them out, and sell them after 3 years.

Family members also benefit: the investor’s spouse and children under 18 can be included in the application. There’s no requirement to live in Turkey. The process takes 6 to 12 months.

A Turkish passport grants visa-free access to 118 countries, including Singapore, Japan, and South Korea.

With its strategic location, international business environment, and investor-friendly climate, Turkey offers exciting opportunities for business growth.

With Astons, obtaining Turkish citizenship is fast and hassle-free. Our Istanbul-based experts handle the entire process, ensuring a smooth and efficient experience. Let us take care of the paperwork while you enjoy the benefits of your new passport.

Book a consultation today.

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Citizenship by Investment

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~4 months

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from $250,000

~9 months

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~2 months

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Grenada Grenada

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from $235,000

~6 months

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~3 months

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from $240,000

~10-12 months

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  • No travel requirements
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from $90,000

~2 months

Processing time

  • Non-refundable contribution
  • Most affordable program
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Turkey Turkey

Citizenship

from $400,000

~8 months

Processing time

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Vanuatu Vanuatu

Citizenship

from $130,000

~3 months

Processing time

  • Non-refundable contribution
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Susanna Uzakova

Susanna Uzakova

Senior Citizenship & Residency Advisor

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Senior Citizenship & Residency Advisor

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