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!
$ 135,000
A 1-bedroom flat in Istanbul Sisli is for sale at an attractive price. It is eligible for Turkish Citizenship portfolio completion.
Şişli, Istanbul
60 m2
2
Looking over the Yalikavak Bay, our beautiful stone houses are built to high standards, providing comfortable and elegant living spaces with guest houses and facilities.
Bodrum
900-1440 m2
7
$ 225,000
Centrally-located properties in Istanbul Beylikduzu, with social facilities.
Istanbul
139-410 m2
3-9
$ 234,305
The apartments are situated close to the golf course in Kusadasi and are offered with a payment plan.
Kusadasi
60-114 m2
2-4
$ 634,500
This high-end development offers garden duplexes, simplexes, and roof duplexes surrounded by nature, social facilities, and stores in Istanbul Uskudar.
Üsküdar, Istanbul
62-384 m2
2-4
$ 210,000
The 10-block project offers 1+1, 2+1, and 3+1 apartments with 20 shops and social facilities in a prime location.
Beylikdüzü, Istanbul
103-140 m2
3-4
$ 5,200,000
This beautiful villa in Bodrum enjoys an infinity pool with open sea views, situated in a privileged complex on the waterfront with a private beach.
Gündoğan, Bodrum
300 m2
7
$ 644,400
Apartments for sale in a new complex in Istanbul Kadikoy, located next to the popular Bagdat Street, properties range from 132 to 300 m2.
Kadıköy, Istanbul
132-300 m2
4-7
$ 172,967
High-end family apartments located in Istanbul Kartal with stunning sea views and a range of social facilities.
Kartal, Istanbul
87-214 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.
$ 585,000
The semi-detached, elegant villas feature private gardens, pools, and parking lots in a tranquil district away from the city bustle.
Büyükçekmece, Istanbul
380-700 m2
6-8
$ 2,480,400
Live in a peaceful neighborhood in one of these high-end villas in Istanbul Eyup with modern designs, gardens, a pond, and a Turkish Citizenship opportunity.
Eyüp, Istanbul
330-504 m2
6
$ 540,000
Attractive new residences in central Istanbul Besiktas, only 5 minutes from Bosphorus, present variously-sized apartments, garden duplexes, and social facilities.
Besiktaş, Istanbul
65-502 m2
2-7
$ 255,000
This new complex in Istanbul contains all the daily needs of the inhabitants, sports facilities, a spa, restaurants, a cinema, and more.
Kağıthane, Istanbul
66-130 m2
2-3
$ 600,000
Nestled on a 250-square-meter plot, this meticulously crafted 4+1 villa provides the ultimate living experience in Istanbul.
Büyükçekmece, Istanbul
250 m2
5
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$ 1,700,000
This spectacular Bodrum property is located in a gated resort in the popular Gumusluk district with breathtaking views.
Gümüşlük, Bodrum
174 m2
5
$ 606,900
Located in the heart of Istanbul, Beyoglu, these newly built apartments offer amazing location and full concierge services.
Beyoğlu, Istanbul
77-231 m2
2-5
$ 433,000
The elegant residential project in Istanbul accommodates 70 villas and 1117 apartments of various layouts, shops, amenities, and green landscaped gardens.
Küçükçekmece, Istanbul
78-246 m2
2-5
$ 995,000
A complex of 22 smart villas each with a private pool and garden area, comes in duplex layouts and features 24/7 security suitable for citizenship.
Beylikdüzü, Istanbul
365 m2
7
$ 1,374,500
High-standard apartments for sale in Istanbul Uskudar in the elegant Altunizade neighborhood.
Üsküdar, Istanbul
158-498 m2
3-7
$ 180,000
Offering high investment potential, this centrally located Beylikduzu project in Istanbul offers on-site facilities and designer homes with a payment plan.
Beylikdüzü, Istanbul
85-630 m2
3-9
$ 258,846
Near the sea in Istanbul Kucukcekmece and within 500 meters of the subway station, the residence offers bespoke homes with social facilities.
Küçükçekmece, Istanbul
116-188 m2
3-4
$ 395,000
The 10-block project offers apartments ranging from 2+1 to 5+1 with beautiful landscaping design and facilities.
Üsküdar, Istanbul
65-252 m2
3-6
$ 312,000
Eligible for Turkish Citizenship, this project in Istanbul Umraniye at a convenient location introduces apartments with state-of-art architecture, design and social infrastructure.
Istanbul
64-367 m2
2-5
$ 309,000
These new apartments with on-site facilities near Canal Istanbul are suitable for Turkish Citizenship portfolio completion.
Bahçeşehir, Istanbul
107-150 m2
3-4
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$ 421,000
A mixed-use project presenting spacious homes designed with state-of-the-art architecture in Istanbul Sancaktepe near the metro, offered with a payment plan.
Sancaktepe, Istanbul
99-145 m2
3-4
$ 730,000
Built to excellent standards, this residential complex in the Gokturk area of Istanbul is surrounded by green, offering exquisite amenities.
Istanbul
108-722 m2
3-6
$ 376,412
Offices and home offices in a sustainable tower at a prestigious location in Istanbul Basin Express
Küçükçekmece, Istanbul
160-576 m2
1
$ 480,000
With an outstanding design within meters of the Metro station, the Istanbul Eyup project offers apartments and duplexes with ready title deeds suitable for Turkish Citizenship.
Eyüp, Istanbul
73-206 m2
3-5
$ 942,000
Located in a gated complex right next to the sea in Istanbul, these 5-bedroom villas feature high-end living within a serene site.
Silivri, Istanbul
506-735 m2
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.
$ 202,500
Residential project in Istanbul Atasehir at a prestigious location, comprising apartments with services.
Ataşehir, Istanbul
64-74 m2
2
