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!
$ 600,000
The 360 sqm 5+2 independent house in a full-facility upscale residential villa complex in Istanbul Bahcesehir is suitable for Turkish Citizenship.
Bahçeşehir, Istanbul
360 m2
7
$ 613,497
The villas are situated in a boutique complex in Kusadasi – Sogucak.
Soğucak, Kusadasi
300 m2
5
$ 1,099,000
These triplex homes in Istanbul with a private pool, garden, garage, terraces, and a smart home system near the marina, are eligible for Turkish Citizenship.
Beylikdüzü, Istanbul
6
$ 1,300,000
The exquisite 350 sqm 5+1 triplex villa in a complex with a communal pool and a garden features built-in furniture and a beautiful patio and is eligible for Turkish Citizenship.
Bahçeşehir, Istanbul
350 m2
6
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$ 282,309
The resort comprises 15 detached villas built to a high standard.
Soğucak, Kusadasi
275 m2
5
$ 1,500,000
The 900 sqm multi-level villa with 12 bedrooms, 2 living rooms, 2 kitchens, a swimming pool, and a private garage in a gated community in Istanbul Buyukcekmece
Büyükçekmece, Istanbul
900 m2
14
$ 400,000
Eligible for Turkish Citizenship, this 270 sqm 4+1 apartment is located in the Beylikduzu district of Istanbul. A large communal pool is available in this well-maintained complex.
Beylikdüzü, Istanbul
270 m2
5
$ 158,599
These Alanya properties are located on a site with facilities and beach access, eligible for Turkish Citizenship as well.
Avsallar, Alanya
48-160 m2
2-5
$ 429,000
This resale apartment is located in Istanbul Besiktas, with 2 bedrooms, 1 living room with a separate kitchen, and 2 bathrooms, suitable for Turkish Citizenship.
Besiktaş, Istanbul
110 m2
3
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We'd like to keep you posted.
We'd like to keep you posted.
$ 660,662
Modern apartments, investment apartments in Istanbul near the center
Beyoğlu, Istanbul
116-245 m2
2-4
$ 1,242,000
Suites apartments in the beautiful peninsula of Cesme are for sale. This amazing 5-star hotel concept complex has its own private beach.
Izmir
149-326 m2
4-5
$ 670,000
The 180 sqm 3+1 duplex is for sale in Istanbul, with an attractive glazed patio.
Bahçeşehir, Istanbul
180 m2
4
$ 375,000
This project is suitable for Turkish citizenship, and it offers a high rental return that is guaranteed for 4 years.
Torba, Bodrum
136-147 m2
3-4
$ 400,000
This 160 m2 shop is rented by Turkcell for 25.000 TL per month and is suitable to be included in your Turkish Citizenship portfolio.
Gaziosmanpaşa, Istanbul
160 m2
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$ 250,000
The 2-story 90 sqm shop is located in Güngören with guaranteed rental income, suitable for Turkish Citizenship completion.
Güngören, Istanbul
90 m2
$ 822,000
Centrally located residence in Basaksehir, Istanbul
Basakşehir, Istanbul
154-679 m2
4-6
$ 475,000
The 3-block project presents simplexes and penthouses with spacious layouts featuring garden terraces and balconies.
Üsküdar, Istanbul
101-230 m2
3-5
$ 1,050,000
360 m2 duplex villa with 4 bathrooms, 2 living rooms, 2 kitchens, and balconies, located in a desirable location in Istanbul, on a site with maintenance.
Sarıyer, Istanbul
360 m2
8
$ 400,000
The 170 m2 shop is in a highly populated area of Bagcilar, offering a 3-year monthly rental guarantee of 25,000 TL, eligible for Turkish Citizenship.
Bağcılar, Istanbul
170 m2
$ 400,000
The 3-story 90 sqm shop is located in Nisantasi with guaranteed rental income, suitable to be part of your Turkish Citizenship portfolio.
Şişli, Istanbul
90 m2
$ 190,000
1+1 and 2+1 apartments and duplexes with a pool and gym in a tranquil neighborhood
Büyükçekmece, Istanbul
80-125 m2
2-3
$ 909,498
The 3+1 flats and 5+1 duplexes are for sale in a 7-story block in a central location of Kadikoy on the Anatolian side of Istanbul.
Kadıköy, Istanbul
123-298 m2
4-6
$ 4,600,000
1200 sqm property designed as a cafe-restaurant awaiting new investors in one of the prestigious regions of Istanbul.
Sarıyer, Istanbul
1200 m2
$ 188,112
The two-block family-concept residential complex offers 3+1 and 5+2 apartments suitable for Turkish citizenship.
Eyüp, Istanbul
88-162 m2
4-7
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$ 1,100,000
This resale cafe-restaurant with a 320 sqm area is located at a central location in Maslak, eligible for Turkish citizenship.
Sarıyer, Istanbul
320 m2
$ 634,398
The boutique complex in Alanya offers four triplex villas with a 4+2 layout, exquisite architectural design, and superb views over the private pools.
Center, Alanya
350-411 m2
6
$ 135,000
The project includes 1+1 and 2+1 apartments that are suitable for a residence permit or eligible to be in your Turkish Citizenship portfolio with a 2-year installment plan.
Kepez, Antalya
48-67 m2
2-3
$ 183,124
The 2+1 and 3+1 apartments ranging from 139 to 160 m2 are eligible for Turkish citizenship.
Sultangazi, Istanbul
139-160 m2
3-4
$ 1,365,414
These glamorous detached villas with a 6+2 layout feature excellent facilities such as outdoor heating pools, indoor pools, private cinemas, Turkish baths, and beautiful gardens.
Antalya
650 m2
8
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 555,556
The 14-floor block accommodates apartments ranging from 2+1 to 6+1 with indoor and outdoor parking lots.
Kadıköy, Istanbul
100-262 m2
3-7
