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!
$ 250,000
Spacious villa in Istanbul near the sea with views and a garden.
Silivri, Istanbul
150 m2
This 115 m2 commercial property in Istanbul is leased by the telecom giant Turkcell, for 5 years, suitable for Turkish Citizenship.
Şişli, Istanbul
115 m2
$ 412,327
Villas on the Asian side of Istanbul with 5 bedrooms, 2 living rooms, and good size garden in Umraniye.
Ümraniye, Istanbul
232-270 m2
6-7
$ 250,000
This generously sized 350 m2 villa with a private pool and garden is located inside a compound near the 5-star hotel region.
Yalova
350 m2
8
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$ 2,348,500
This exquisite award-winning project combines contemporary architectural styles with historical buildings, turning them into lofts of various sizes.
Fatih, Istanbul
260-295 m2
3-5
$ 207,026
This tastefully designed 320 m2 villa features a Turkish Hammam, sauna, and smart home system.
Beylikdüzü, Istanbul
277 m2
6
$ 14,000,000
In the prestigious Sariyer of Istanbul, this mansion is located right next to Bosphorus having a private deck on the water
Sarıyer, Istanbul
450 m2
8
$ 250,000
This hotel managed apartment in Yalova (with thermal water), offers excellent investment potential, 10% annual rental guarantee for 3 years
Yalova
$ 2,300,000
This bright and airy 620 m2 villa features a sauna, a custom-design bathroom, a stylish interior, and many more.
Sarıyer, Istanbul
620 m2
Don't miss out!
We're adding new properties continuously.
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We'd like to keep you posted.
$ 600,000
This 3-story, 320 m2 building is located in a tourist region near the popular Sultan Ahmet of Istanbul, surrounded by historical landmarks.
Fatih, Istanbul
320 m2
$ 349,000
This high-end office project is built in the heart of the European side of Istanbul, in Besiktas and features elegant details
Besiktaş, Istanbul
105-925 m2
$ 445,000
This spacious 320 m2 villa with 5 bedrooms is surrounded by nature and sits on a land of 800 m2. It is eligible for Turkish citizenship.
Büyükçekmece, Istanbul
320 m2
6
$ 534,818
This 180 m2 apartment enveloped by nature in the grove offers a privileged living experience in a prime location by the Caddebostan Coast.
Kadıköy, Istanbul
180 m2
5
This 186 m2 beautiful property in the Karsiyaka district of Izmir is situated in a prestigious complex which is granted LEED Gold certificate for its quality
Karsiyaka, Izmir
186 m2
3
$ 865,000
2 and 3 bedroom spacious apartments are ready to move in, containing a 5-star hotel with high-end services, and a shopping mall in a convenient location.
Bahçelievler, Istanbul
150-197 m2
3-4
$ 515,000
The triplex 5 bedroom villas in a complex with social amenities offer an alternative lifestyle compliant with the necessities of the ever-changing modern world.
Beylikdüzü, Istanbul
329-338 m2
5
$ 1,714,285
These spacious villas offer 670 sqm living space with 8 rooms, panoramic views, swimming pool, and full privacy. There're only 11 properties in total on this gated complex.
Büyükçekmece, Istanbul
670 m2
8
$ 650,000
This spacious and tastefully decorated property is located in Sisli, one of Istanbul's most vibrant and highly sought-after districts
Şişli, Istanbul
5
$ 250,000
This ready-to-move-in 5 bedroom property in Istanbul has a convenient location, 180 sqm living space, and is suitable for Turkish citizenship.
Büyükçekmece, Istanbul
180 m2
6
Sold out
This 280 sqm commercial property in Istanbul Esenyurt comes with 15,000 TL rental income and 10 years rental contract.
Esenyurt, Istanbul
280 m2
$ 327,792
This 152 sqm 3+1 flat is within walking distance of the prestigious Bagdat Caddesi and near the essential amenities.
Kadıköy, Istanbul
152 m2
4
$ 1,150,000
Elected as Europe's 5th tallest project, this mixed-use development with offices, stores, and residences, offers a 230 m2 office with furniture, located on the 6th floor.
Bayrakli, Izmir
230 m2
The spacious 276 m2 property in Izmir with an 880 m2 garden, a large swimming pool, and a wraparound porch offers a comfortable and luxurious life in a gated complex.
Izmir
276 m2
5
$ 319,000
This spacious garden floor 4+1 apartment in Florya, Istanbul, is suitable for Turkish Citizenship.
Florya, Istanbul
175 m2
5
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This 4+1 apartment with a 180 sqm living space is located in one of the high-class neighborhoods of Istanbul – Nisantasi, suitable for Turkish Citizenship.
Şişli, Istanbul
180 m2
5
Sold out
75 m2 commercial property currently operated as a cafe brings high rental income, it's suitable to be part of your Turkish citizenship portfolio
Bahçelievler, Istanbul
75 m2
Sold out
This 142 m2 commercial property in Istanbul brings a high monthly rental income guaranteed for 3 years, which is the period required to hold the property for Turkish Citizenship
Eyüp, Istanbul
142 m2
Sold out
5 % Discount
This 108 sqm commercial property is located just by the E-5 Highway in Istanbul Beylikduzu, suitable for Turkish Citizenship.
Beylikdüzü, Istanbul
108 m2
This 6-story hotel in Istanbul is located in a popular tourist area, excellent hospitality business investment in Turkey
Fatih, Istanbul
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 486,198
146 m2 flat with Bosphorus view offers you picturesque views of Istanbul, located in a tower with facilities.
Şişli, Istanbul
146 m2
3
