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If you invest in real estate in Turkey with a value of at least $400,000 USD, you can become eligible to apply for Citizenship of Turkey through Investment. By doing so, you will also secure Turkish passports for your spouse and any minor children under the age of 18.
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.
After successfully applying, individuals receive permanent Turkish citizenship, and any children born thereafter automatically become citizens. Turkey permits dual nationality, allowing individuals to maintain multiple citizenships in addition to their Turkish one.
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.
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.
1. Research & Pre-Planning
• Minimum Investment Requirement: Purchase real estate worth at least $400,000.
• Define Investment Goals: Decide whether you want a family home, rental property, or a commercial asset.
• Consult a Trusted Advisor: Work with a reliable firm like Multi Mulk Consultancy for legal, financial, and real estate advice.
• Budget for Additional Costs: Consider taxes, legal fees, title deed transfer, and notary charges (around 8-10% of property value).
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2. Property Selection & Due Diligence
• Choose a Location: Focus on key cities like Istanbul, Ankara, Izmir, or Antalya. Decide whether you prefer the European or Asian side of Istanbul.
• Visit Properties: Shortlist and visit potential properties with the help of your consultant.
• Verify Property Compliance: Ensure the property meets all legal requirements and is eligible for citizenship. It must be free from liens or mortgages.
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3. Making the Purchase
• Sign a Sales Contract: After selecting a property, sign a preliminary sales agreement.
• Get a Tax Identification Number (TIN): This is mandatory for property purchases and opening a bank account.
• Open a Bank Account in Turkey: All payments must be made through a Turkish bank.
• Transfer Payment: Wire transfer the investment amount through your bank. Keep all receipts as proof of payment.
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4. Appraisal Report & Title Deed Registration
• Obtain Property Valuation Report: Hire a government-approved appraisal company to certify the property’s market value (at least $400,000).
• Register the Title Deed (Tapu): Once the payment is complete, register the property with the Land Registry Office. You will receive a Title Deed (Tapu) in your name.
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5. Apply for a Certificate of Conformity
• Document Submission: Submit property documents, payment receipts, and the valuation report to the Ministry of Environment and Urbanization.
• Certificate of Conformity: This document confirms that your investment qualifies for citizenship.
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6. Apply for a Short-Term Residence Permit
• Residence Permit Application: Before applying for citizenship, obtain a short-term residence permit through the Directorate of Migration Management.
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7. Citizenship Application Submission
• Prepare Documents:
o Valid passports of all family members
o Birth certificates
o Marriage certificate (if applicable)
o Proof of address and health insurance
o Photos and biometric data
• Submit Application: Apply to the Provincial Directorate of Population and Citizenship Affairs with the necessary documents. Your application will cover the main applicant, spouse, and children under 18 years.
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8. Background Check & Approval Process
• Government Security Check: Turkish authorities will conduct a background check on the applicants to ensure there are no security concerns.
• Approval from the Presidency: Once the review is complete, the Turkish Presidency issues approval for citizenship.
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9. Issuance of Turkish Citizenship
• Receive Citizenship Approval Letter: The government will notify you of the approval decision.
• Obtain Turkish ID and Passports: Visit the Population Registry Office to collect your Turkish ID cards and passports for the entire family.
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10. Post-Citizenship Services & Obligations
• Retain the Property for 3 Years: You are legally required to keep the property for at least 3 years. After that, you can sell it if you wish.
• Optional Turkish Residency: While you become a citizen, you can also apply for permanent residency if you wish to live full-time in Turkey.
• Open Business Opportunities: Enjoy visa-free travel to over 110 countries and access to Turkey’s healthcare and education systems.
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Timeline Overview
• Property Purchase & Registration: 1-2 months
• Certificate of Conformity: 2-4 weeks
• Residence Permit & Citizenship Application: 1-2 months
• Final Citizenship Approval: 3-6 months
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Additional Tips & Services
• Family Benefits: Citizenship covers the spouse and children under 18.
• No Requirement to Live in Turkey: There is no obligation to reside in Turkey after receiving citizenship.
• Multi Mulk Consultancy’s Services: We provide end-to-end support, including property selection, legal paperwork, and citizenship application handling.
To ensure a smooth and successful process for obtaining Turkish Citizenship, please provide the following documents for each family member:
1. Passport Copies & Translation
Scanned copies of passports for all family members, along with notarized Turkish translations.
2. Birth Certificates
Attested birth certificates for all family members, authenticated by the Ministry of Foreign Affairs (MOFA).
3. Marriage Registration Certificate
An attested copy of the Marriage Registration Certificate, authenticated by MOFA.
4. Family Registration Certificate
A Family Registration Certificate for the entire family, attested by MOFA.
5. Police Clearance Certificate
Police clearance certificates for the main applicant and spouse, attested by MOFA.
6. Photographs
Twelve (12) recent passport-sized photographs with a white background for each family member.
7. Health Insurance
Comprehensive health insurance for all family members within Turkey (to be arranged by our team).
8. Government Official Fee Receipts
Proof of payment for the official government fees (to be arranged by our team).
9. Power of Attorney (POA)
Power of Attorney documents from the main applicant and spouse, including permission for children’s applications.
This list ensures that all necessary documents are prepared for the Turkish citizenship application process in a clear and professional manner. We will assist you in arranging health insurance, official fee receipts, and other requirements as needed.
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.
Registering a sales agreement allows the parties to clearly define and enforce their rights and obligations in case of a dispute. Additionally, it helps prevent fraud or misrepresentation by creating a public record accessible to 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.
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.
