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How to Get Turkish Citizenship Through Investment

4 January 2020
How to Get Turkish Citizenship Through Investment

If you buy a real estate of at least 250.000 USD and apply to the General Directorate of Land Registry and Cadastre, your Turkish Citizenship request will be processed. The General Directorate of Land Registry and Cadastre checks that the properties sold are worth at least 250,000 USD. The Title Deed Office gives approval for citizenship within 3 to 7 days. As soon as your application is approved, we apply to the Immigration Office for a residence permit without making an appointment. After the approval of the Immigration Office, on the same day we apply to the General Directorate of Population and Citizenship Affairs with a confirmation paper and residence permit. This process is followed at the Citizenship Information Offices in Istanbul and Ankara. Your application will be finalized within 30 days.

You can visit www.propertytr.com/, which provides location information and property options for your investments. The ratio between Turkey attractive countries for investment is increasing with each passing day. 

Citizenship Procedures

If the documents required for citizenship applications are complete, the transaction is completed within 30 days. The government has opened private offices to reduce this time.

An important point: The Ministry wants to ensure that the minimum value is 250,000 USD. Sworn real estate appraiser’s experts, to prevent price fraud real estate values. Therefore, there may be deviations of up to 20% between the selling price and the valuation. Considering this situation, the site we recommend above recommends that you make a calculation and buy real estate. 

  • The processes that foreigners applying for exceptional citizenship through deposit should follow:

Regulation on the Implementation of the Turkish Citizenship Law (Regulation), under the amount (500,000 USD in deposits / participation funds), banks established in Turkey by foreign persons / will be credited to the bank.

The foreign person or his / her proxy with special authority in his / her power of attorney to carry out these transactions may request the determination of the application within the scope of the Regulation by applying directly to the bank or depository of the deposit or participation fund together with the petition / declaration containing the request and declaration.

The determination of the Authority regarding the applications that meet the conditions specified in the Regulation shall be notified to the General Directorate of Population and Citizenship Affairs and the General Directorate of Migration Administration in writing and the said sample shall be sent to the relevant bank in order to provide information to the person.

The sample of the declaration to be submitted during the application can be accessed by clicking on the "contact" section of our website.
It is also possible to follow such a path to the question of how to get Turkish citizenship through investment. 

You can find your deposits to invest in the citizenship application by any bank operating in Turkey. It is possible that the bank is a deposit bank or a participation bank. 

Some issues:

The real estate investment required by foreigners who want to be Turkish citizens has been reduced from 1 million dollars to 250 thousand dollars as of 19 September 2018. Furthermore, in this way, applicants cannot be granted a direct residence permit instead of a direct residence permit. The process begins with contacting a foreign investor consulting company in Turkey. Republic of Turkey in approximately 45-50 days after the submission of required documents, identity cards are delivered to the whole family.

All over the world, people who want to obtain a second citizenship by investment first turn to a country with a stronger passport than their own country.

According to some data, the strength of passports is increasing day by day. The Turkish passport provides travel to 111 countries without a visa. This situation, said residential sales to foreigners in Turkey is estimated to be among the causes of the country stand out. 

How to Become the Owner of Real Estate in Turkey?

Foreign persons must be done first in order to be real with land directorate’s preliminary application in Turkey. After the pre-application, the day for the transfer of the immovable is determined. Application documents must be available on the specified day.

Application Documents in Real Estate Purchase in Turkey

  1. Title deed of the real estate certificate
  2. Passport and photocopy of the foreigner who will buy (with approved Turkish translation)
  3. Real Estate Fair Value Certificate from the municipality where the property is located
  4. Compulsory earthquake insurance policy for residences and businesses
  5. 1 photo of the seller (white background, biometric)
  6. 2 photos of the foreigner (white background, biometric)
  7. Sworn translator if the foreigner does not speak Turkish
  8. Original or approved copy of the power of attorney in case the transfer transactions are carried out with a proxy (approved Turkish translation if issued abroad)

Apprehended by Turkey Real Estate Buy Need to Know Notes:

  • There should be no restrictions such as mortgages, foreclosures and precautionary measures.
  • Pre-application must be made to the title deed directorates for transfer transactions.
  • The transfer of the real estate is possible with the official deed and registration signed in the title deed directorates.
  • No residence permit is required to purchase the immovable.

How to Get Turkish Citizenship through Investment?

a) It is determined by the Ministry of Industry and Technology that it has invested at least 500.000 US Dollars or equivalent foreign exchange or equivalent Turkish Lira fixed capital investment,

b) Determined by the Ministry of Environment and Urbanization that it has purchased at least 250,000 US Dollars or equivalent in foreign currency or equivalent Turkish Lira on condition that it is not sold for immovable title deed records for three years,

c) At least the family that create employment for 50 people, Labor and Social Services Ministry identified,

d) At least 500,000 US dollars or its equivalent in foreign currency or Turkish lira equivalent amount in deposits invested in banks operating in Turkey they must keep for three years the Banking Regulation and Supervision Determined by the Institution,

e) Determined by the Ministry of Treasury and Finance, which has purchased at least 500,000 US Dollars or equivalent foreign currency or equivalent Turkish Liras on the condition that the government borrowing instruments are kept for three years.

f) Individuals determined by the Capital Markets Board of Turkey, provided they hold at least three years of holding real estate mutual fund participation share or venture capital investment fund participation share of at least 500,000 US Dollars or equivalent foreign currency or equivalent Turkish Lira, may obtain the citizenship right.

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