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!
$ 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
$ 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
$ 400,000
A 135 sqm Borek shop with a 3-year rental guarantee and a monthly income of 30000 TL is for sale in Istanbul Esenkent.
Istanbul
135 m2
$ 675,000
A 375 sqm commercial property in Istanbul Kartal, with a $25000 guaranteed annual rental income, suitable for 2 Turkish Citizenship applications.
Kartal, Istanbul
375 m2
We can call you back in a few minutes!
Please enter your phone number below, including the country code.
$ 1,840,578
Built to luxury standards, these upscale duplex villas in Antalya Belek boast modern interiors with high-quality finishes and amenities.
Belek, Antalya
192 m2
5
$ 1,500,000
Apply for 2 Turkish Citizenship by purchasing this 350 sqm burger shop in Istanbul Beykent, offering a 10-year rental guarantee.
Istanbul
350 m2
$ 205,000
With easy access to the city center, on-site shops, and social facilities, these smart apartments in Istanbul Zeytinburnu are designed to the latest standards.
Zeytinburnu, Istanbul
54-156 m2
2-3
$ 243,000
Located in Istanbul Pendik, 50 meters from the M4 metro station, this green development offers contemporary homes with facilities and beautiful sea views
Pendik, Istanbul
103-145 m2
3-4
$ 224,279
A furnished 120 sqm charming home with 2 bedrooms in Istanbul Gaziosmanpasa, suitable for Turkish Citizenship portfolio completion.
Gaziosmanpaşa, Istanbul
120 m2
3
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 550,000
Opportunity to buy a 250 sqm 2-story shop in Istanbul Beylikduzu with a 3-year rental guarantee.
Beylikdüzü, Istanbul
250 m2
$ 175,000
Located next to the Kucukcekmece lake, these new properties meet the requirements to obtain Turkish Citizenship with a minimum investment equaling $400,000.
Küçükçekmece, Istanbul
60-135 m2
2-5
$ 400,000
An opportunity to buy a 214 sqm apartment in a reputable residence in Izmir Cigli. The property is suitable for a Turkish Citizenship application.
Karsiyaka, Izmir
214 m2
4
$ 1,640,684
A 6-story hotel for sale in Izmir Konak with 21 furnished rooms and a roof terrace: a profitable investment with a considerable income.
Konak, Izmir
$ 256,500
Sea-view 90 sqm 2-bedroom apartment on the 22nd floor of a high-rise residence in Istanbul Kartal.
Kartal, Istanbul
90 m2
3
We can call you back in a few minutes!
Please enter your phone number below, including the country code.
$ 228,600
Suitable for a residence permit, this complex in Istanbul Gaziosmanpasa presents high-quality 2 and 3-bedroom homes with social facilities.
Gaziosmanpaşa, Istanbul
94-144 m2
3-4
$ 333,000
Newly built properties for sale in the Besiktas district of Istanbul with sea views, a central location near the metro station, for a lifestyle, investment, and Citizenship.
Besiktaş, Istanbul
90-170 m2
3-5
$ 146,500
This new residential complex is located in Duzce, near Istanbul, containing apartments and social facilities.
Duzce, Istanbul
99-220 m2
2-5
$ 198,000
Title deed ready and suitable for Turkish Citizenship, these well-designed Istanbul residences offer social amenities and pleasant living areas.
Esenyurt, Istanbul
97-683 m2
3-4
$ 1,050,000
Apply for 2 Turkish Passports by purchasing this charming twin villa in Istanbul Buyukcekmece.
Büyükçekmece, Istanbul
600 m2
12
$ 297,000
Strategically located on the main street and 2 minutes from Sabiha Airport, this newly built project presents apartments, a hotel, offices, a shopping mall, and facilities.
Pendik, Istanbul
80-126 m2
2-3
$ 399,600
These outstanding Bosphorus-view properties in Istanbul Uskudar present excellent services and facilities.
Üsküdar, Istanbul
104-360 m2
3-6
$ 265,500
1+1, 2+1, and 3+1 modern design apartments with sea views at a prime location in Istanbul Zeytinburnu near the seaside, and public transportation
Zeytinburnu, Istanbul
73-176 m2
2-4
$ 115,000
We're offering a bargain-priced 105 sqm resale property in Istanbul Beylikduzu, the serene neighborhood of Adnan Kahveci.
Beylikdüzü, Istanbul
105 m2
3
$ 263,000
The project offers apartments and duplexes of various layouts with social facilities and balconies.
Beylikdüzü, Istanbul
122-265 m2
3-7
We can call you back in a few minutes!
Please enter your phone number below, including the country code.
$ 216,000
An exciting opportunity to purchase new properties in Istanbul Bahcesehir in a 3-block high-rise residential complex with stunning views and facilities.
Bahçeşehir, Istanbul
74-344 m2
2-5
$ 637,200
Commercial and residential properties built on a plot of 50,000 m2 in the popular Levent district of Istanbul
Sarıyer, Istanbul
69-413 m2
2-5
Receive your Turkish Passport by purchasing this charming holiday home in Yokusbasi, central Bodrum. The property is built to the latest standards and comes with facilities.
Konacik, Bodrum
813 m2
7
$ 370,000
These serviced offices in Istanbul are located in Maltepe only 300 meters from the metro and 20 minutes from the international airport.
Maltepe, Istanbul
80-135 m2
$ 295,000
Commercial property with a 130 sqm area and a rental guarantee is for sale in Zeytinburnu, Istanbul.
Zeytinburnu, Istanbul
130 m2
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 471,600
High-end apartments and villas for sale in Istanbul Pendik, a payment plan is available.
Pendik, Istanbul
160-230 m2
4-5
