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!
$ 202,500
Residential project in Istanbul Atasehir at a prestigious location, comprising apartments with services.
Ataşehir, Istanbul
64-74 m2
2
$ 130,161
Outstanding residential project with enriched holiday infrastructure presents 1 and 2-bedroom apartments and commercial shops with a payment plan in Mersin Erdemli, near the sea.
Mersin
80-180 m2
2-3
$ 690,000
These spacious sea-view properties are located in a family-oriented exquisite project in Beylikduzu, 4 minutes from the Marina, and eligible for Citizenship.
Beylikdüzü, Istanbul
250-397 m2
5-6
$ 330,688
Bosphorus-view apartments in Istanbul Uskudar with attractive architecture utilizing various layouts and duplex plans.
Üsküdar, Istanbul
62-301 m2
3-7
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$ 485,000
Located within a short distance from the sea, these 4-bedroom duplex villas offer spacious living in a tranquil spot in Istanbul.
Silivri, Istanbul
216 m2
6
$ 438,083
Only a short distance from the Metrobus station, this modern residence offers spacious designer homes with a communal pool and facilities. A payment plan is also available.
Zeytinburnu, Istanbul
111-151 m2
3-4
$ 588,000
One of the top developments in Istanbul Zeytinburnu offers variously-sized exquisite homes, up to 5-bedroom duplexes, and fantastic social facilities near public transportation.
Zeytinburnu, Istanbul
91-284 m2
3-6
$ 224,279
Just a few minutes from the Aydos forest in Istanbul Kartal, this high-quality 18-story development offers ready apartments.
Kartal, Istanbul
148-153 m2
4
$ 440,000
150 sqm commercial property in Istanbul with a guaranteed monthly rental income for 3 years, eligible for Turkish Citizenship.
Gaziosmanpaşa, Istanbul
150 m2
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We'd like to keep you posted.
$ 800,000
The 350 sqm commercial property is located in a lively place in Istanbul, and offers a $30,000 yearly rental income and Turkish Citizenship possibility.
Bağcılar, Istanbul
350 m2
$ 864,000
The upscale project accommodates 2 hotel-residential and 2 family-concept blocks and 7 villas with facilities near the Belgrad forest and the famous shopping street.
Besiktaş, Istanbul
157-365 m2
3-5
$ 2,635,200
This exclusive compound on the European side of Istanbul is situated right on the waterfront. It consists of a marina and a beautiful promenade along the shore, with many facilities on site.
Beylikdüzü, Istanbul
285-1342 m2
6-10
$ 475,000
A 265 sqm shop in Istanbul is for sale with a guaranteed rental income and Turkish Citizenship opportunity.
Bahçeşehir, Istanbul
265 m2
$ 796,000
Contemporary apartments in Zeytinburnu with various floor plans, suitable for Turkish Citizenship and offered with a payment plan
Zeytinburnu, Istanbul
132-340 m2
3-6
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$ 3,101,000
A new level of luxury living has arrived in the heart of Istanbul Besiktas. The upscale project with ready residences and superb facilities is eligible for Turkish Citizenship.
Besiktaş, Istanbul
212-659 m2
4-8
$ 190,157
Near the Sabiha Gökçen Airport in Istanbul Pendik, 5-star hotel accommodations and a health center with high rental income are available for investment.
Pendik, Istanbul
29-438 m2
1-3
$ 201,000
2+1 and 3+1 apartments and 4+2 and 5+2 duplexes with terraces are for sale in the rapidly developing Beylikduzu of Istanbul.
Beylikdüzü, Istanbul
120-290 m2
3-7
$ 1,120,000
Luxury apartments in the center of the Altunizade neighborhood in the Uskudar district, near the Bosphorus Bridge
Üsküdar, Istanbul
208-557 m2
$ 212,000
These comfortable apartments in Istanbul Beylikduzu are located near the sea, offering a variety of floor plans.
Beylikdüzü, Istanbul
120-320 m2
3-9
$ 962,535
3+1, 200 m2 villas with a parking lot, jacuzzi, 3 bathrooms, and a barbecue area in a compound 5 km from the sea
Oba, Alanya
200-400 m2
4
$ 4,500,000
The petrol station in Istanbul is suitable for commercial investment in a lively location on the E5.
Büyükçekmece, Istanbul
$ 880,585
Large complex in Istanbul Umraniye with commercial properties and social amenities, eligible for Turkish Citizenship.
Ümraniye, Istanbul
166-363 m2
4-6
$ 156,412
New apartments for sale in Kartal on the Asian side of Istanbul, in a complex with social facilities
This new apartment complex is near the shops, pharmacies, public schools, hospitals, the forest, and the Marmara sea.
Kartal, Istanbul
80-188 m2
2-3
$ 950,000
Detached villas with spacious and stylish interiors, private gardens, and pools in Istanbul Silivri. suitable for Turkish Citizenship and investment.
Silivri, Istanbul
440 m2
6
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$ 1,006,200
The project combines different architectural styles and tastefully designed interiors in a unique location in Istanbul
Zeytinburnu, Istanbul
114-552 m2
3-6
$ 875,031
Invest in exquisite designer properties in Alanya with private pools and beautiful views.
Oba, Alanya
226-270 m2
4-5
$ 480,000
High-rise tower in Izmir Konak presenting state-of-art residences and business units with various layouts and sizes plus social facilities. A payment plan is also available.
Konak, Izmir
74-284 m2
2-5
$ 1,066,499
These Istanbul properties are located on the coast of Zeytinburnu, with a special design allowing all apartments to enjoy open sea views.
Zeytinburnu, Istanbul
298-347 m2
6
$ 198,113
Home-office concept apartments in central Istanbul, Fatih district, with a gym, a cafe, and services, suitable for Turkish Citizenship completion.
Fatih, Istanbul
62-362 m2
1
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 1,495,000
The development is located in Mecidiyeköy Şişli, one of the oldest and most known central neighborhoods of Istanbul.
Şişli, Istanbul
144-574 m2
3-6
