Venture Capital Fund Option for Turkish Citizenship by Investment
- Özgür Kurucuk
- Oct 14
- 5 min read
In today’s world, global investors seek more than just a second passport — they look for flexibility, financial diversification, and long-term security. The Turkish Citizenship by Investment (TCBI) program offers exactly that, opening doors to a new life, new opportunities, and new markets.
Among its multiple routes, the Venture Capital Fund Option for Turkish Citizenship by Investment stands out as one of the most progressive and future-focused paths. Under Article 12 of the Turkish Citizenship Law No. 5901, this government-approved investment method allows investors to contribute to Türkiye’s growing innovation economy — all while qualifying for Turkish citizenship in a fully legal, transparent, and efficient manner.
At Kurucuk & Associates, we help investors navigate this process with confidence, ensuring every legal and financial step aligns with Turkish law and global compliance standards.
What Is the Venture Capital Fund Option for Turkish Citizenship by Investment?
A Brief Look at the Program
The Turkey Citizenship by Investment Program, launched in 2017 and refined over time, provides a fast-track to citizenship for investors who contribute at least USD 500,000 in approved investments. Unlike traditional immigration routes, there are no language tests, no residency requirements, and no lengthy interviews — just a clear, lawful path to full citizenship within a few months.
The Legal Framework
This route is firmly established under Law No. 5901 and its implementing regulations. The Capital Markets Board (CMB) — Türkiye’s highest financial regulatory authority — supervises all venture capital funds to ensure each investment meets legal and transparency standards.
In essence, when you invest in a CMB-approved venture capital fund, you’re choosing a pathway that’s both legally sound and government-endorsed.
How the VC Fund Route Works
Minimum Investment
To qualify, investors must place USD 500,000 (or its Turkish Lira equivalent) into a CMB-approved venture capital investment fund. The investment must remain for at least three years, during which time it is monitored and verified by the relevant authorities.
Approved Fund List and Oversight
Only funds authorized by the Capital Markets Board (SPK) qualify for citizenship purposes. Each fund is managed by licensed portfolio management companies that adhere to strict corporate governance and reporting standards.
Holding Period and Certification
Investments must be maintained for a minimum of three years. After completion, the Capital Markets Board issues a Certificate of Conformity, confirming that all requirements have been met — a mandatory document for your citizenship application.
Who Manages the Process
A licensed intermediary (usually a Turkish bank or portfolio management company) executes the transaction. The Venture Capital Fund Manager oversees the fund’s assets, maintains compliance, and coordinates with government agencies.
Step-by-Step: Turkish Citizenship via VC Fund Investment
Due Diligence & Fund Selection — Legal experts conduct a background check and verify the source of funds to meet international compliance standards.
Subscription to an Approved VC Fund — The investor subscribes to a qualified fund through a regulated intermediary.
Certificate of Conformity — Issued by the CMB, confirming the investment qualifies under the citizenship program.
Application Preparation — Our team compiles the citizenship dossier for submission to the Directorate General of Population and Citizenship Affairs.
Residence Permit Application — A short-term residence permit is obtained for the investor and family before citizenship filing.
Biometric Appointment & Passport Issuance — Once approved, the investor completes fingerprinting and receives Turkish ID and passports.
Benefits of the Venture Capital Fund Option
✅ Fast-Track Citizenship — Approval typically within 3–4 months.
👨👩👧 Family Inclusion — Spouse and children under 18 are included.
🌍 Dual Citizenship — Türkiye recognizes and permits multiple nationalities.
✈️ Visa-Free Access — Travel to over 110 countries, including Japan and Singapore.
🇺🇸 U.S. E-2 Visa Eligibility — Turkish citizens can apply for the U.S. investor visa.
💼 Diversified Portfolio — Professionally managed investments across innovative Turkish sectors.
🏦 Passive Management — No need for hands-on property management or business operation.
Comparison — VC Fund vs Other Investment Routes
Option | Minimum Investment | Holding Period | Risk | Liquidity | Regulator |
Real Estate | $400,000 | 3 years | Medium | Moderate | Land Registry |
Bank Deposit | $500,000 | 3 years | Low | High | Banking Regulator |
VC Fund | $500,000 | 3 years | Medium-High | Variable | Capital Markets Board |
Real Estate vs Venture Capital Fund
While real estate remains popular, the VC Fund option appeals to investors who prefer a regulated, hands-free, and diversified approach. It avoids the complexities of property management while maintaining full compliance under Turkish financial law.
Why High-Net-Worth Investors Prefer This Route
The VC Fund option allows investors to combine citizenship acquisition with strategic capital diversification. For those used to managing international portfolios, it’s a natural fit — providing access to Türkiye’s dynamic markets and legal stability.
Risks and Legal Considerations
Every investment carries some level of risk, and venture capital is no exception.
Here’s what to keep in mind:
No Guaranteed Returns: VC funds involve inherent market risks.
Due Diligence Is Essential: Always verify the fund’s registration and track record with the Capital Markets Board.
Three-Year Lock-In: The investment cannot be withdrawn before the mandatory term.
Currency Exposure: Returns are affected by the Turkish Lira’s exchange rate movements.
Legal Compliance: Applications must be prepared under proper legal supervision to avoid delays or rejection.
Why Choose Kurucuk & Associates
At Kurucuk & Associates, we combine legal precision with global insight.Our team in Istanbul has successfully guided numerous investors through the Turkish Citizenship by Investment process, particularly under the Venture Capital Fund, Real Estate, Bank Deposit, and Capital Investment options.
We handle every aspect — from fund selection and compliance checks to residency permits and family documentation — ensuring a smooth, secure, and compliant journey to Turkish citizenship.
Contact Kurucuk & Associates today to start your citizenship journey through the Venture Capital Fund option.
Frequently Asked Questions (FAQ)
What is the minimum investment for the Venture Capital Fund option?
A minimum of USD 500,000 in a CMB-approved fund is required.
Is the investment refundable?
Yes, after the mandatory 3-year holding period, you can liquidate or transfer your shares, subject to fund performance and market conditions.
Can my family apply with me?
Absolutely. Your spouse and children under 18 can be included in the same application.
How long does the process take?
Typically 3 to 6 months, depending on documentation and review timelines.
Who verifies my investment?
The Capital Markets Board issues a Certificate of Conformity confirming that your investment meets all program requirements.
What are the benefits of Turkish citizenship?
Global mobility, dual nationality, access to Türkiye’s healthcare and education systems, and eligibility for U.S. E-2 and UK business visas.
Start Your Turkish Citizenship Journey
Our immigration lawyers at Kurucuk & Associates will walk you through every stage of the Venture Capital Fund option, ensuring your application is compliant, secure, and successful.
