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!
$ 559,912
The 6+2 villas feature a private garden, swimming pool, and a parking lot in a luxury project of 19 villas with social facilities.
Yalova
287 m2
8
$ 650,000
3 fabulous villas with 210 sqm and 4+1 layouts in Trabzon with a communal pool and private gardens are eligible for Turkish Citizenship.
Trabzon
210 m2
5
$ 500,000
The apartments are suitable for citizenship. They are offering spacious living areas for comfortable living and many social facilities for you and your family
Beylikdüzü, Istanbul
183-357 m2
4-7
$ 700,000
This 470 sqm shop is located in the Bagcilar district, offering Turkish Citizenship to the new owner, with a 3-year rental guarantee and a stable monthly income.
Bağcılar, Istanbul
470 m2
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$ 600,782
The 4+1 and 6+1 modern-design villas with smart home systems and private pools are available with a payment plan and the possibility of obtaining Turkish Citizenship.
Antalya
300-370 m2
5-7
$ 700,000
The 250 sqm shop with 2 title deeds in Bagcilar is suitable for Turkish Citizenship, with a long-term corporate tenant and regular monthly income.
Bağcılar, Istanbul
250 m2
$ 400,000
The 110 sqm shop is in Istanbul Kucukcekmece; with a 3-year rental guarantee, generates a 25,000 TL monthly income, suitable for Citizenship.
Küçükçekmece, Istanbul
110 m2
$ 765,056
Composed of 12 blocks, the complex with well-designed green areas and decorative pools is an aesthetic experience lying at the heart of Istanbul Cengelkoy.
Üsküdar, Istanbul
198-403 m2
4-5
$ 2,200,000
Located in Istanbul Arnavutkoy, this 700 sqm stunning villa is for sale with a 6+2 floor plan and 2100 sqm land area with a garden and a private swimming pool.
Arnavutköy, Istanbul
700 m2
8
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We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 4,000,000
This 990 m2 hotel with a 96% OCC rate in Istanbul Beyoglu, 10 minutes from Galata tower, offers hospitality facilities with 6 restaurants, meeting rooms, 21 rooms, and 55 beds.
Beyoğlu, Istanbul
990 m2
$ 415,621
A choice of villas with pools, large gardens, and a carport or garage.
Long Beach, Kusadasi
185-245 m2
5
$ 1,370,000
The 357 sqm 4-bedroom furnished duplex with roof balconies in Antalya Konyaalti is suitable for Turkish Citizenship and a residence permit.
Antalya
357 m2
5
$ 1,479,000
Located in Zekeriyakoy, a natural beauty icon in Istanbul, the new villa complex presents single and twin spacious villas near the forest, with private pools and social facilities.
Sarıyer, Istanbul
6-7
$ 695,000
The 250 sqm franchised shop in Istanbul generates 44,000 TL monthly income. It has 2 title deeds, and the investor can apply for Citizenship immediately.
Bağcılar, Istanbul
250 m2
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$ 400,000
This 180 sqm shop in Istanbul Bahceliever, with a 3-year rental guarantee and 26,000 TL monthly rental income, is suitable for Turkish Citizenship. The expertise report is ready.
Bahçelievler, Istanbul
180 m2
$ 792,000
These spacious 4-bedroom villas in Antalya are suitable for Turkish Citizenship and feature a garden, private pool, sauna, Turkish bath, and smart home system.
Antalya
276 m2
5
$ 1,050,000
The villa is set in a private plot of land of 600 m2 and has a livng area of 300 m2.
Gümüşlük, Bodrum
300 m2
5
$ 1,080,000
This green development in Istanbul Cekmekoy offers social facilities and 22 spacious villas with private pools and beautiful gardens. A 6-month payment plan is also available.
Çekmeköy, Istanbul
323-455 m2
4-5
$ 500,000
This commercial property in Istanbul Kucukcekmece is suitable for Turkish Citizenship, with a 3-year rental guarantee and high annual income.
Küçükçekmece, Istanbul
360 m2
$ 580,301
This 380 sqm 3-story house is located in the center of Izmir, Konak district, with the potential to run as a B&B. It is eligible for Turkish citizenship.
Konak, Izmir
380 m2
10
$ 400,000
Tenanted by a well-known corporation, this 110 sqm commercial property in Bagcilar Istanbul is suitable for Turkish Citizenship and generates a rental income in USD.
Bağcılar, Istanbul
110 m2
$ 400,000
The 150 sqm shop with a 5-year rental contract and monthly income is in Istanbul Bahcelievler. The property is suitable for Turkish Citizenship.
Bahçelievler, Istanbul
150 m2
$ 2,800,000
A 5-story commercial plaza for sale in Istanbul with 8 title deeds, 2 banks as tenants, and 190,000 TL monthly rental income.
Bağcılar, Istanbul
$ 400,000
The 120 sqm shop on the main street of Istanbul Esenler is suitable for Turkish Citizenship. The property comes with a 3-year rental guarantee and a $15,000 annual income.
Esenler, Istanbul
120 m2
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$ 802,000
These 5-bedroom triplex villas with a Turkish bath, elevator, and sauna are located in a gated complex with a communal swimming pool in Antalya Konyaalti.
Antalya
327 m2
6
$ 290,000
Eligible for Turkish Citizenship completion and suitable for Airbnb, these variously sized smart apartments in Istanbul Beyoglu are near Taksim square and public transportation.
Beyoğlu, Istanbul
52-133 m2
2-5
$ 196,675
Eligible for Turkish citizenship, the 2+1 and 4+2 apartments with facilities and a parking lot enjoy the history of their location.
Eyüp, Istanbul
80-220 m2
3-6
$ 850,000
The 280 sqm 4-bedroom seafront duplex is in Buyukcekmece, featuring a roof terrace and full panoramic sea views near the shopping mall, IDO, E-5 highway, and public transport.
Büyükçekmece, Istanbul
280 m2
5
$ 1,300,000
This multi-level villa is located in a gated site with a large green area, a playground, and a communal pool at a prime location in Bahcesehir.
Bahçeşehir, Istanbul
9
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 650,000
The 360 sqm 6+2 independent villa in a full facility complex in Istanbul Bahcesehir is for sale with built-in furniture, a jacuzzi, a fabulous landscape, and large pool.
Bahçeşehir, Istanbul
360 m2
8
