The minimum amount required for Turkish Citizenship by buying property is 400,000 USD
The new regulation was published in the Official Gazette on 12 May 2022 which officially announced the minimum amount required for Turkish Citizenship is 400,000 USD
Continue reading.
How to apply for Turkish Citizenship by Investment
To obtain Turkish Citizenship by investment, you should purchase real estate in Turkey with a minimum total value of $400.000. You may choose to invest in one or multiple properties as long as the required amount is reached. Our clients typically choose to invest in multiple properties with guaranteed rental income. As Turkey Expert, we'll be presenting you with the most suitable options to maximize your investment while having an easy exit strategy when it's time to sell your properties.
One crucial point is the valuation must be done by a certified company, and the money should be brought to Turkey by customs or bank account in the last six months before the application. Another important point is the seller must be a Turkish Citizen, and the payment should be through a bank transfer.
1. Choosing the right property
The first step would be choosing the right property to buy. Our team of experts will be searching according to your search criteria and make sure to source the best possible choice available. You're not limited to only one property. It's possible to invest in multiple properties.
2. Property valuation and the appointment for the title deed
After deciding the right property to buy, the progress of expertise and appointment for the title deed signing procedure takes about a week.
While buying a property with the purpose of acquiring Turkish citizenship, one should tell title deed officers that the aim of the purchase is to acquire Turkish citizenship, so that title deed officers put gloss (exegesis) to prevent selling this property for 3 years.
While buying a property with the purpose of acquiring Turkish citizenship, one should tell title deed officers that the aim of the purchase is to acquire Turkish citizenship, so that title deed officers put gloss (exegesis) to prevent selling this property for 3 years.
3. Receiving the Certificate of Conformity and the Investor Resident documents
About 15 days after the purchase, the title deed gives you "uygunluk belgesi" (certificate of conformity) which allows you to apply "yatırımcı ikamet belgesi" (investor resident document),
just after the latter, you can apply for the appointment of Turkish citizenship. The application rendez-vous might be given after about 15 days.
Besides property documents, there'll be the following documents required; the translation of the applicant's passport, birth certificate, photos and the marriage certificate.
Besides property documents, there'll be the following documents required; the translation of the applicant's passport, birth certificate, photos and the marriage certificate.
4. The final step of getting your Turkish citizenship
After the application rendez-vous, it takes about 45 days to get Turkish citizenship.
The last step of the procedure is giving fingerprints and getting your Turkish citizen ID. The whole process takes two and a half to four months altogether.
As Turkey Expert, we'll be carrying out the necessary paperwork and assisting you with every step of the way.
As Turkey Expert, we'll be carrying out the necessary paperwork and assisting you with every step of the way.
Fees for Turkish Citizenship by Property
Title deed fees
- Expertise valuation fee for each property (about 3000 TL)
- Property tax, which is %2 for the buyer plus 500 TL and %2 for the seller (%2 of the total value of the property). It is common that if the seller makes a discount more than %2, the buyer also pays the seller's share of the property tax.
Turkish citizenship fees (for each family member applying for Turkish citizenship)
- Power of attorney: Depending on the type of property and the specific Notary branch, it can be between 2000 and 3000 TL.
- Government fees are about 1200 TL
- Notary (or consulate fees) are about 500-1000 TL (for translation of passport, birth certificate, marriage certificate, documents showing your family etc)
- Health insurance fees are about 700-1000 TL for each year
- Document Translations fees are about 500-1000 TL (if needed)
Turkish Citizenship by buying property, the minimum limit required is 400,000 USD for the applications after 12 June 2022
The minimum for acquiring Turkish Citizenship by purchasing real estate in Turkey has been 250.000 USD since 19 September 2018. This amount is increased to 400,000 USD, by an announcement published in the Official Gazette. The new regulation is activated as of 12 June 2022.
Can my family and I receive Turkish Passport through buying real estate in Turkey?
Yes, your children under 18 years old and spouses get the right to receive Turkish Passport as well.
Immigration to Turkey by investment
Turkish Republic Citizenship Program has been revised and eased for foreign investors. The amount required for foreign citizens to obtain Turkish citizenship through real estate investment has been lowered to 250.000 USD from 1.000.000 USD level. This amount was increased to 400,000 USD as of 12 June 2022.
Can I relocate to other countries such as US or UK with the Turkish Passport?
The USA has a special program for Investors (E1 / E2), enabling Turkish Passport holders to relocate to the USA. For the UK, relocating is simpler by opening a company.
Is dual Citizenship possible, do I need to give up my current Passport?
No, you can keep your current Passport, dual Citizenship is allowed when getting Turkish Passport by investment.
Am I required to learn Turkish language to receive Turkish Passport?
No, the Turkish Citizenship by Investment program does not require applicants to learn Turkish.
Can I make a profitable investment at the same time while applying for Turkish Citizenship?
Yes, you can! There're investment possibilities, both commercial or residential properties offering excellent rental returns. We'll be glad to inform you further about the possibilities.
Benefits of Turkish Citizenship by buying property
Turkish Citizenship program for investors is offering better conditions in comparison to similar Citizenship programs in other countries, such as;- Speed: The total length of the application takes up to 4 months on average. This is much shorter compared to similar applications in other countries.
- The period of investment: You can sell your real estate after 3 years.
- Low required investment amount: 400.000 USD will be sufficient for the Turkish Citizenship Application.
- Maintain your current passport: Turkish Citizenship application allows for dual citizenship.
- The simplicity of the application: Applying for Turkish Citizenship is far simpler regarding paperwork needed.
- Dynamic Economy: The Turkish economy is very dynamic and the real estate market is booming. These conditions backed with a well educated young population, ensures excellent conditions for real estate investment.
Property in Turkey for Turkish Citizenship
Here below you can view a selection of Turkish homes and apartments which are eligible for Citizenship by Investment
However, with direct personal contact, we'll be able to offer you possibilities to suit your current situation. So please don't hesitate to get in touch with us!
$ 440,000
Delivery on Aug 2024
24 months installments
Valid until 01-May-2024
This citizenship package includes 2 apartments in Istanbul Kucukcekmece with 125 and 130 sqm living spaces. The title deeds and expertise reports are ready.
Küçükçekmece, Istanbul
125-130 m2
4
$ 409,000
Ready
Valid until 30-Apr-2024
This profitable investment presents a 92 sqm 2+1 apartment in Atasehir, Istanbul. The property is suitable for your Turkish Citizenship application.
Ataşehir, Istanbul
92 m2
3
$ 530,000
Ready
Valid until 28-Apr-2024
You can apply for your Turkish Passport by investing in this 3+1 apartment in Cekmekoy, Istanbul.
Çekmeköy, Istanbul
134 m2
4
$ 375,000
Ready
22 % Discount
Valid until 22-Apr-2024
A discount offer is available for a spacious 290 sqm apartment in Istanbul Esenyurt. The property is ready for delivery.
Esenyurt, Istanbul
290 m2
5
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$ 436,500
Within 10 minutes of Zorlu and Vadi Istanbul shopping malls, these investment residences await their new owners, comfortable modern living in Istanbul Kagithane.
Kağıthane, Istanbul
126-128 m2
3
$ 495,000
A 9-block stunning project presenting luxury apartments in Istanbul Gokturk, suitable for Turkish Citizenship and residence permits.
Eyüp, Istanbul
112-536 m2
3-5
$ 162,000
New project in Istanbul Kucukcekmece, offering well-designed modern apartments with payment plans.
Küçükçekmece, Istanbul
64-184 m2
2-4
$ 639,257
This project, with its 4-bedroom houses, offers excellent properties in Istanbul Basaksehir for those who seek lifestyle and Turkish Citizenship.
Basakşehir, Istanbul
242-330 m2
5
$ 941,600
These high-end properties in Kagithane include stores, apartments, and social facilities surrounded by landscaped gardens and coniferous forests.
Kağıthane, Istanbul
133-238 m2
3-6
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 724,080
This 220 sqm modern apartment on the 10th floor of a residence in Istanbul Kadikoy is suitable for your Turkish citizenship application.
Kadıköy, Istanbul
220 m2
5
$ 285,000
A luxury twin tower residence in Istanbul Kadikoy, with charming properties and infrastructure, offered with a payment plan.
Kadıköy, Istanbul
61-150 m2
2-4
$ 175,500
Located near the metro station in Istanbul Eyup, the project offers variously sized apartments and facilities with an 18-month payment plan.
Eyüp, Istanbul
63-166 m2
2-4
$ 1,440,000
Just a few steps from the sea, a 250 sqm detached villa in Sariyer Istanbul boasts a beautiful garden with views. It also includes eligibility for obtaining a Turkish Passport.
Sarıyer, Istanbul
250 m2
5
$ 1,014,220
Distinguished residences in a mixed-use development with a hotel, commercial properties, and social features
Sarıyer, Istanbul
101-274 m2
2-4
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$ 218,231
Centrally located properties in Istanbul Beyoglu, near public transport, malls, and entertainment centers; eligible for residence permit and Turkish citizenship applications.
Beyoğlu, Istanbul
52-130 m2
2-4
$ 267,840
This charming project offers apartments and state-of-the-art social facilities in Istanbul Kagithane near the popular shopping malls and the Belgrad forest.
Kağıthane, Istanbul
80-143 m2
2-3
$ 500,000
An opportunity to obtain a Turkish Passport by investing in a commercial property in Istanbul Kucukcekmece with a 3-year rental income guarantee.
Küçükçekmece, Istanbul
340 m2
$ 582,300
Charming Istanbul properties surrounded by botanic gardens, shops, and facilities in this prestigious project, eligible for Turkish Citizenship
Bahçelievler, Istanbul
111-307 m2
3-5
$ 577,000
Apartments in the Besiktas district of Istanbul with 24/7 concierge services, and fitness facilities.
Besiktaş, Istanbul
60-109 m2
2-3
$ 240,500
These modern design properties in the popular Besiktas district of Istanbul are offering excellent value, will be ready to move in November 2024
Besiktaş, Istanbul
45-167 m2
2-5
$ 2,000,000
Property in Istanbul with Ziraat Bank as the corporate tenant. This investment is eligible for obtaining 2 Turkish Passports.
Küçükçekmece, Istanbul
550 m2
$ 630,000
Unique Istanbul apartments on the valuable Bakirkoy Zeytinburnu coastline, whether it is for living or for investment.
Bakırköy, Istanbul
85-719 m2
2-6
$ 375,000
A stunning residence in Istanbul Beyoglu boasting state-of-art architecture, offering apartments and facilities with a full Golden Horn view, central Istanbul.
Beyoğlu, Istanbul
57-97 m2
2
$ 755,000
Remarkable value for a 680 sqm triplex villa in Istanbul Buyukcekmece, with sea views and a private outdoor pool. Suitable for Turkish Citizenship.
Büyükçekmece, Istanbul
680 m2
9
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$ 590,000
Exquisite project in Istanbul Beylikduzu next to the Valley of Life and West Marina, offering Turkish Citizenship and high-quality interior designs.
Beylikdüzü, Istanbul
162-378 m2
4-7
$ 659,700
The residential properties in Beykoz of Istanbul offer exquisite concierge services and social facilities, including restaurants, cafes, and a 5-star spa center.
Beykoz, Istanbul
98-194 m2
2-4
$ 956,850
With a fascinating design and a prestigious location in Istanbul Besiktas, the complex presents first-class social facilities, including a rooftop pool.
Besiktaş, Istanbul
97-200 m2
3-4
$ 363,246
The impressive complex in the Zeytinburnu district presents modern apartments and a world-class shopping mall within meters of public transport.
Zeytinburnu, Istanbul
67-204 m2
2-4
$ 200,033
Variously sized residences offered with a 5-star hotel comfort with concierge services, housekeeping, and more
Şişli, Istanbul
34-230 m2
1-6
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 325,000
Located in the popular Nisantasi district of Istanbul, we offer a 90 sqm commercial property with a 3-year rental guarantee.
Şişli, Istanbul
90 m2
