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!
$ 765,757
Properties in Belek, Kadriye district, with 240 m2 of living space, a private pool with a hot tub, in a villa complex located 2.5 km from the sea.
Belek, Antalya
240 m2
4
$ 266,625
The 250 m2 property in Izmir has 6 bedrooms and 2 living rooms with full sea views, located near the sea
Karaburun, Izmir
250 m2
8
$ 595,000
180 m2 property in Istanbul located near the coast of Beylikduzu, the title deed is ready for delivery.
Beylikdüzü, Istanbul
180 m2
4
$ 130,176
These 135 m2 comfortable apartments located in central Istanbul, Bayrampasa district, are eligible for Turkish citizenship as well.
Bayrampaşa, Istanbul
135 m2
4
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$ 400,000
Duplex apartment in Beylikduzu of Istanbul with 200 sqm living space, 2 living rooms, 3 bedrooms in a complex with pool and facilities.
Beylikdüzü, Istanbul
200 m2
5
$ 450,000
Eligible for Turkish citizenship, this 400 m2 shop located on the main street promises a high monthly income and 3 years rental guarantee.
Kartal, Istanbul
400 m2
$ 475,000
Experience a privileged and luxury lifestyle at this astonishing, world-class, hotel-concept high-rise with five-star amenities.
Esenyurt, Istanbul
114 - 178 m2
2-3
$ 1,500,000
The generously-sized exquisite homes in Istanbul feature private pools and views, located in a complex with multiple social facilities.
Büyükçekmece, Istanbul
406-980 m2
6-11
$ 255,000
This commercial shop has a 5 years contract with Vodafone. It is situated in a central location in the Gungoren district of Istanbul.
Küçükçekmece, Istanbul
140 m2
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
$ 886,136
This magnificent villa, eligible for Turkish citizenship, features 6 bathrooms, 8 bedrooms, 2 living rooms, a spacious garden, and a parking lot with a 3-car capacity.
Sarıyer, Istanbul
630 m2
10
$ 1,150,000
In the popular Florya area of Bakirkoy, this 190 m2, high-quality apartment accommodates 4 bedrooms, 3 bathrooms, a laundry room, and balconies.
Florya, Istanbul
190 m2
5
$ 1,275,000
This spacious property in Zekeriyakoy of Sariyer Istanbul accommodates 7 bedrooms, 2 living rooms, 6 bathrooms, a sauna and a private swimming pool.
Sarıyer, Istanbul
720 m2
9
$ 197,459
These new properties are located in a lively area of Beylikduzu, Istanbul, consisting of apartments, shops, and social facilities.
Beylikdüzü, Istanbul
131-360 m2
3-9
$ 400,000
Eligible for Turkish Citizenship, this 100 m2 commercial shop in the Gungoren district of Istanbul comes with a 3-year guaranteed rental income.
Güngören, Istanbul
100 m2
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$ 195,000
The residential complex, only 1.5 km from a distance, offers 2-bedroom duplex apartments with a smart home system and multiple social facilities.
Lara, Antalya
105 m2
$ 250,000
75m2 shop in Istanbul with a 3-year rental guarantee, the valuation report is ready, making this ideal property for Turkish Citizenship seekers.
Güngören, Istanbul
75 m2
$ 295,000
The 350 m2 villa, eligible for Turkish citizenship, accommodates 6 bedrooms, a private pool, and a beautiful garden surrounded by bushes and trees.
Yalova
350 m2
6
Eligible for Turkish citizenship, this 4-story building offers 8 apartments, a sea-front location with beach access, and 2 shops.
Büyükçekmece, Istanbul
3-4
$ 795,000
Hotel for sale in Yalova, coexisting with nature, including a shop, garden, and 8 apartments, suitable for Turkish Citizenship.
Yalova
$ 517,765
This 196 m2 spacious property is located in a well-maintained complex with a gorgeous communal swimming pool, basketball court, and playgrounds
Antalya
196 m2
5
Apartments in Besiktas with social facilities, services, parking lots, and a convenient location near public transportation.
Besiktaş, Istanbul
68-132 m2
2-3
$ 1,600,000
500 m2 villa in Uskudar, featuring 3 kitchens and 2 living rooms, in a compound with cafes, restaurants, and a school.
Üsküdar, Istanbul
500 m2
7
$ 1,100,000
These villas in the Lara district of Antalya offer excellent built quality and they're suitable for Turkish Citizenship.
Lara, Antalya
450 m2
4
$ 77,063
This residential complex consists of cafes, restaurants, shops, and residences developed on a 6100 m2 project site in a central location.
Duzce, Istanbul
73-160 m2
2-3
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$ 385,000
Ready
12 % Discount
The price of this 140 m2 Beylikduzu apartment is reduced from 440,000 USD, suitable for Turkish Citizenship
Beylikdüzü, Istanbul
140 m2
4
$ 3,000,000
The 4-story luxurious villa in Istanbul features 4 bedrooms, 5 bathrooms, 2 living rooms, an elevator, balconies on every floor, and a rooftop terrace.
Beykoz, Istanbul
600 m2
6
Sold out
280 m2 shop for sale in Istanbul, tenanted by a well-known brand Vodafone with a 10-year lease contract. Excellent addition to your Turkish Citizenship portfolio.
Esenyurt, Istanbul
280 m2
Sold out
80 m2 shop for sale in Istanbul Avcilar, with a 3-year rental guarantee, suitable to be part of your Turkish Citizenship portfolio.
Avcılar, Istanbul
80 m2
$ 250,000
Spacious villa in Istanbul near the sea with views and a garden.
Silivri, Istanbul
150 m2
Don't miss out!
We're adding new properties continuously.
We'd like to keep you posted.
We'd like to keep you posted.
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
