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Guide to Buy Property for Turkish Citizenship

21 September 2021
Guide to Buy Property for Turkish Citizenship

We are here to provide the best guide for those who would like to have a Turkish citizenship by buying a property in the country! The process may look complicated when you search about it but we make it easier for you! You will be able to learn the process directly when you look at the information that we share with you. When you complete all of the required steps, you will be able to apply for Turkish citizenship. In addition to that, you will discover the reasons why you should invest in Turkey and the detailed information about the residence permit application at the same time. Now, let’s look at the information!

Buying Property in Turkey for Citizenship

If you would like to buy a property for citizenship, you need to pay attention to some requirements. For Turkish citizenship, the property that you are going to buy must be a minimum of $250.000, if the property is under $250.000, you will not be able to apply for Turkish citizenship. Now, we can look at other requirements that you need to fulfill.

Buying Property in Turkish Citizenship

Tax Registration Number

A tax registration number is required for those who would like to buy a property in the country. You will be able to get the tax registration number at any Tax Office in the country. Having the tax registration number takes about 30 minutes at the offices and you must have your personal passport to give on the application.

Having a Bank Account in Turkey

Having a bank account in Turkey is also necessary to buy a property in the country and continue the citizenship process at the same time. You need some required documents to have a bank account in Turkey. You shouldn’t forget the documents that you will see below.

  • You need to have a passport to give at the bank.
  • You must have the translation of your passport.
  • The translations must be notarized.

Evaluation Report

When you decide on the property that you are going to purchase, you will need to the evaluation report before buying the property. While the cost of the evaluation report is 1750 Turkish Liras, in some companies it could be up to 5000 Turkish Liras as well. The cost will depend on the company that you are going to choose. Also, the expert has to be licensed and has to have SPK and BDDK approved as well.

Buying Property

When you complete the requirement that you saw above, you will be able to buy the property in Turkey. As we mentioned above, the cost of the property that you will purchase must be a minimum of $250.000. You can consider the properties in different locations in Turkey.

Residence Permit Application

The residence permit application is also required after you purchase the property. You can look at the required document for the application as well. The cost calculation will be changeable according to your nationality. If you would like to have more information about residence permit applications, you can check our page and read the article about residence permit applications.

Applying to Turkish Citizenship

After you completed all the required documents and the steps, you will be ready to apply for Turkish citizenship. When you apply for citizenship, you will be able to know the results in between 3 and 6 months. For the required documents of Turkish citizenship application, you can visit our page and read the detailed information about the documents that you will need to prepare.

Applying to Turkish Citizenship

7 Reasons to Invest in Turkey 2021

  1. The tax system is fair and suitable in Turkey.
  2. The location of the country is incredibly perfect because Turkey is located between Europe, Asia, Middle East, and Africa.
  3. The investment options are various.
  4. In recent years, investigators keep investing in Turkey and make a high profit in about a year.
  5. Education and health systems are extremely improved.
  6. When you have Turkish citizenship, you will be able to visit 116 countries without applying for a visa.
  7. Turkey has a large national market.

Besides the reason that you see above, there are countless benefits to invest in Turkey or buy a property in the country at the same time.

Can I Get Residency When I Buy Property in Turkey?

When you buy a property in Turkey, you will be able to have 1-year residency. Also, you will be able to renew it for 5 years at the same time. After you buy a property, you must apply for a residence permit application.

See More: Turkish Title Deed

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