fbpx

Turkish Citizenship by Investment Programme

If you invest in real estate in Turkey with a value of at least $400,000 USD, you can become eligible to apply for Turkish Citizenship through Investment. By doing so, you will also secure Turkish passports for your spouse and any minor children under the age of 18.

Apply for Turkish Citizenship by Investment

The Turkish government made alterations to their Citizenship by Investment Programme, also known as the Turkey Golden Visa, in June 2022. These changes have made the programme one of the most cost-effective and desirable citizenship opportunities globally, by enabling individuals to obtain both citizenship and a passport for as little as $400,000 USD through real estate investment. Since then, numerous investors have acquired citizenship with the aid of Multi Mulk Property Turkey, among other sources.Upon successful application, individuals will be granted permanent Turkish citizenship and any children born thereafter will automatically hold citizenship. Turkey permits dual nationality, allowing individuals to maintain multiple citizenships in addition to their Turkish one.

Ways to Acquire Turkish Citizenship
through Investment

1. Invest in real estate with a minimum value of $400,000 USD, the most economical option.

2. Invest a fixed capital of at least $500,000 USD in Turkey.

3. Deposit a minimum of $500,000 USD or equivalent foreign currency into a Turkish Bank.

4. Buy Govt. Bonds with a minimum value of $500,000 USD or equivalent foreign currency.

5. Employ a minimum of 50 people in Turkey, as confirmed by the Ministry.
6. Invest a minimum of $500,000 USD in either a real estate investment fund or a venture capital investment fund.

Qualifications for a Real Estate
Investment Program

1. Purchase property worth a minimum of $400,000 USD, which can be multiple units, subject to regulations.

2. Commit to holding the purchased property for a minimum of 3 years, as recorded in the Title Deed and/or Notarized Sales Contract.
3. Obtain an Official Valuation Survey by the Banking Supervision Board, showing a declared value of at least $400,000 USD.
4. Pay the purchase price to the seller through a bank transfer, supported by bank receipts.
5. Have the investment’s official declared value at a minimum of $400,000 USD at the time of the Notarized Sales Contract or ownership transfer at the Land Registry Office.
6. Property must not be registered under the name of any foreign individual, including the applicant’s spouse or children. Properties transferred by the applicant’s spouse or children after 12.01.2017 are not eligible.
7. Deduct the mortgage value from the official valuation if a mortgage loan was used to purchase the residence.

8. Deduct the mortgage value from the official valuation if a mortgage loan was used to purchase the residence.

9. Submit the application to the Ministry of Internal Affairs, General Directorate of Population and Citizenship Affairs, Directorate of Foreigners Department, through the Ministry of Environment and Urbanization, Land Registry Office.

Steps to Acquire Turkish Citizenship
Through Real Estate Investment:

  1. Obtain a Tax Registration Number: This number is crucial for opening a bank account and completing property transactions in Turkey.
  2. Open a Bank Account in Turkey: This account will be used for various transactions throughout the process, including depositing funds for the property purchase.
  3. Choose Your Desired Property: Carefully research and select a property valued at a minimum of USD 400,000 that meets your needs and fulfills the citizenship program requirements.
  4. Purchase the Selected Property: With the assistance of a lawyer, finalize the property purchase agreement and ensure the title deed reflects the 3-year hold period requirement.
  5. Acquire a Certificate of Conformity: This government-issued document verifies the property’s value and compliance with regulations, mandatory for citizenship application.
  6. Apply for Turkish Residency: Upon receiving the investment letter confirming your property purchase is published by the Ministry, you and your spouse can initiate the residency permit application process. Schedule an appointment for fingerprint and biometric data collection, which typically finalizes within 5-10 days of your application submission.
  7. Apply for Turkish Citizenship: Once you hold a valid residency permit, you can proceed with the citizenship application. As per the 2024 policy, the main applicant and spouse must be present for fingerprint and biometric verification during the application process. Our lawyer will be present to assist you and ensure a smooth experience. This step generally poses no risk, as our lawyer will guide you throughout.

Facts about Turkish Citizenship
by Investment Program:

  1. Investment commitment: Maintain your investment for 3 years. This can be real estate worth at least USD 400,000, or other options like fixed capital investment, bank deposit, or investment funds.
  2. Property resale: After 3 years, you are free to sell the property if it was acquired through real estate investment.
  3. Family benefits: Citizenship is granted to the main applicant, their spouse, and any minor children under their dependency.
  4. Residency flexibility: There is no mandatory residency requirement to participate in the program.
  5. Permanent citizenship: The granted citizenship is permanent and can be passed down to future generations born to Turkish citizens.
  6. Dual citizenship allowance: Turkey allows dual citizenship for program participants, providing additional flexibility.

Required Documents for Turkish Citizenship
by Investment:

1. Main Applicant:

  1. Valid Passport: Proof of identity and citizenship.
  2. Power of Attorney: Granting necessary authority for property transactions and application processes. (We provide a template and assist with initial contact)
  3. Apostilled/Attested Certificates (issued within the last 6 months, except for birth certificate):
  4. Birth Certificate
  5. Marital Status Certificate (Marriage, Single, Divorced, Widowed)
  6. Criminal Record Certificate

2. Applying with Spouse and Children:

  1. Spouse’s Power of Attorney: Specifically for citizenship application.
  2. Spouse’s Criminal Record Certificate: Along with the main applicant.
  3. Birth Certificates and Passport Copies: For each family member.

3. Applying with Children (without Spouse):

  1. Spouse’s Consent Letter: Authorizing the application for themselves and the children.
  2. Children’s Birth Certificates and Passports: Proof of identity and relationship to the main applicant.

Frequently Asked Questions

You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.

In Turkey, it is generally considered necessary to register an Agreement for Sale (also known as a sales agreement or purchase agreement) in order to protect the rights and interests of the parties involved in a real estate transaction. A sales agreement is a legally binding document that outlines the terms and conditions of a real estate sale, including the price, payment terms, and any contingencies.

By registering a sales agreement, the parties can ensure that their rights and obligations are clearly defined and enforceable in the event of a dispute or disagreement. Additionally, registering a sales agreement can help to prevent fraud or misrepresentation, as it creates a public record of the transaction that can be accessed by interested parties.

In Turkey, sales agreements for real estate transactions must be registered with the local land registry office (Tapu Sicil Müdürlüğü) in order to be considered valid and enforceable. This process typically involves submitting the sales agreement and any required documents, paying a fee, and obtaining a certificate of registration.

 
 
 

In real estate in Turkey, the term “carpet area” refers to the actual floor area of a property, excluding the thickness of the walls. It is called “carpet area” because it is the area that can be covered by a carpet. In other words, it is the area of the property that can be used for living or working, as opposed to the area taken up by walls, corridors, or other non-functional spaces.

Toggle ContenForeigners may buy land and property in Turkey in their own names, as long as the properties are located in towns, not in villages, or rural regions, or military zones. That said, there must be a municipality in the region where the property is located, and the property must be located within its bounds.t

Turkish residency by investment involves an investment of no more than USD 400,000. Once the property is purchased, the residence permit is valid for one year, after which it is renewed for 5 years. Although any foreigner can buy a property in Turkey, if it is not owned by the state, a real estate specialist is needed.

Turkish properties offer a good return on investment rates with long-term and short-term investments as well as buy-to-let and resale chances. Real estate in Turkey gains good value yearly and this brings the advantage of making a good profit when reselling. Buy-to-let apartments also bring good returns in Turkey.

If you want to make a profitable investment at a reasonable cost, you should consider buying a home in Turkey. Property prices in Turkey are far lower than comparable properties in other European countries. You can purchase a house in Turkey at a reasonable price due to fluctuating exchange rates.

  1. Istanbul. Best Place for Expats. …
  2. Ankara. Best Place for Digital Nomads. 
  3. Antalya. Best Place for History Enthusiasts. …
  4. Izmir. Best Place for Solo Travelers. 
  5. Fethiye. Best Place for Groups. …
  6. Altinkum. Best Place for English Speakers. …
  7. Bursa. Best Place for Couples. …
  8. Bodrum. Best Place for Families.

The cost of Title Deed Fees in Turkey can vary depending on a number of factors, including the location of the property, the type of property (residential, commercial, etc.), and the value of the property.

In general, Title Deed Fees in Turkey are calculated as a percentage of the value of the property, with the percentage varying depending on the location and type of property. For example, Title Deed Fees for residential properties in Turkey are typically around 4% of the value of the property, while fees for commercial properties may be higher.

In addition to the Title Deed Fees, there are also other costs associated with purchasing real estate in Turkey, including taxes, registration fees, and legal fees. It is important for buyers to understand all of the costs involved in a real estate transaction in order to budget appropriately and make informed decisions.

It is advisable to seek the advice of a real estate lawyer or other professional when purchasing property in Turkey, as they can help to navigate the process and ensure that all necessary documents and fees are properly handled.

 

Healthcare is generally free under the Turkish public health system, however, you are required to make out-of-pocket payments for certain medications and consultations even in state hospitals. Private healthcare, on the other hand, requires a higher annual fee, however, it covers a lot more services and treatments.

The forecast for Turkey’s property prices in 2023 is pretty much unambiguous with almost all analysts – they will continue to rise. One reason is the shortage of properties due to the fact that a significant proportion of flats and houses have been sold out.

Yes, Turkey allows its citizens to have dual citizenship. However, you need to check whether your country allows dual citizenship with Turkey. What countries can Turkish citizens visit without a visa? Turkish citizens can enter 110 countries visa-free, including Singapore, and South Korea.

Benefits of the Turkish Citizenship include free education, full medical assistance, and visa-free travel. Moreover, if investors choose to invest in a Turkish real estate property, they will be able to collect rental returns.

According to Turkish law on marriage; a foreign citizen can marry both a Turkish citizen and a foreign national in Turkey at the authorized marriage office.

You’d be okay for a living if you have an income of over 20,000 TL per month, So $1000 is around 19000 TL which is more than enough for living in Turkey. Before to move you have to visit first and do some research.

Get in touch with us to plan your next transaction

Our experts and developers would love to contribute their expertise and insights and help you today.

Compare Listings

×