Turkish Citizenship by Investment Programme

Turkey Real Estate







HOW TO GET TURKISH CITIZENSHIP BY INVESTING IN PROPERTY

Turkey has always been an attraction center with its culture, history and economic opportunities. With the recent legislative regulations, it is much easier and cheaper to qualify for Turkish citizenship. Formerly, in order to obtain a Turkish citizenship, applicants had to buy property costing at least $1,000,000. With the new regulations imposed by the Turkish government, it is possible to qualify for citizenship via investing $250,000. Also, the bureaucratic process regarding the application is more practical since now the notarized sales agreement, which substituted for deed transfer document, is enough for the procedure.


With the trustworthy consultancy of istanbulrealestate.com, you can obtain your Turkish citizenship without any bureaucratic toil.


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PREREQUISITES FOR TURKISH CITIZENSHIP APPLICATION BY REAL ESTATE INVESTMENT

To start the application process, you must apply to the Ministry of Internal Affairs, General Directorate of Population and Citizenship Affairs, Directorate of Foreigners Department, through the Ministry of Environments and Urbanization, Land Registry Office.


In case you purchased the property with a mortgage loan or the property is a subject to a mortgage by any means, the mortgage esteem will be reduced from the value stated in the valuation process and the remaining amount will be considered. You must purchase the property via bank transfer in order to have the receipts that prove the transaction officially. You may choose to purchase more than one property that costs at least $250,000 in total.


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OBTAINING TURKISH CITIZENSHIP BY PURCHASING REAL ESTATE

There are several ways for obtaining Turkish citizenship by investment. But buying a real estate is the least costly and most practical way to qualify for it. Here are the other, less advantageous options for obtaining Turkish citizenship by investment and their requirements:


  1. Buying a real estate which costs at least $250,000 in Turkey.
  2. Minimum $500,000 purchasing participation share of a real-estate investment fund or a venture capital investment fund,
  3. Depositing minimum $500,000 cash in the banks operating in Turkey,
  4. Providing employment for a minimum of 50 people,
  5. Having at least $500,000 fixed capital investment in Turkey,
  6. Purchasing at least $500,000 of state debt instrument,

HOW TO APPLY FOR TURKISH CITIZENSHIP AFTER REAL ESTATE PURCHASE

When you meet the prerequisites mentioned above, you will be eligible for applying for Turkish citizenship. Here are the steps to be followed during the application process:

1. OBTAIN A TAX REGISTRATION NUMBER.

You can get your tax registration number from any tax office in Turkey. You will need your photos and original passport during this application.

2. OPEN A BANK ACCOUNT IN A BANK OPERATING IN TURKEY.

An order to document the transaction process, you must have a bank account in a Turkish bank. To obtain a Turkish bank account, you must bring your tax registration number, original passport and an official document that shows your current address.

3. PURCHASE A PROPERTY THAT COSTS AT LEAST $250,000 OR EQUIVALENT TURKISH LIRA'S.

The property must be completed or nearly completed, with habitation license granted. The real estate should also be suitable for official valuation survey.

4. OBTAİN THE TİTLE DEED OR THE NOTARİZED SALES AGREEMENT.

The documents proving the ownership of the real estate is crucial for the bureaucratic process. With the recent regulations, now it is possible to resume the process with the notarized sales agreement instead of the deed itself.

ADDITIONAL INFORMATION ABOUT THE CITIZENSHIP BY INVESTMENT PROGRAMME

Once you buy your property, you cannot sell it for the next three years. You will be able to sell the property after three years of Turkish citizenship.


You can be a Turkish citizen with the condition that you can reclaim all speculations alongside lawful incomes three years after receiving your citizenship.


To live in Turkey is not mandatory in order to participate in this programme. You can also have your current citizenship along with your Turkish one.

You and your family (your spouse and children younger than 18) will also become Turkish citizens and have advantages of Turkish citizenship. Your children who will be born in Turkey will be considered as Turkish citizen with Turkish ID.

istanbulrealestate.com provides services to help you with all of the bureaucratic processes of acquiring citizenship and moving to Turkey, along with the quality help regarding finding real estate to successfully invest in. istanbulrealestate.com also covers the attorney expenses for the customers who have purchased real estate recently.

THE DOCUMENTS YOU MUST HAVE FOR TURKISH CITIZENSHIP APPLICATION

In order to apply for Turkish citizenship by purchasing real estate, you must bring with you the originals and notarized Turkish translations of the documents listed below:

1. Birth certificate, health insurance, certificate of residence, original passport, criminal records from both your home country and Turkey, power of attorney, 12 biometric photos taken on a white background.

2. If you are widowed, you must bring your spouse’s death certificate.

3. Your vital record that shows your family members as husband, wife, and children, as well as marriage or divorce certificates.







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