TURKISH CITIZENSHIP BY PROPERTY INVESTMENT

According to the law that went into effect on September 19, 2018, foreigners who purchase a property worth at least 400,000 USD can apply for Turkish citizenship. So, if you’re a foreigner interested in becoming a Turkish citizen, the first step is to buy a property that meets the 400,000 USD minimum value. There are specific guidelines to be aware of when purchasing property as a foreigner. You can purchase multiple properties, but they must be bought together, and the total value must be more than USD 400,000.

 

In addition, multiple foreigners can purchase one property so long as each person’s share is worth at least USD 400,000. One of the most critical steps in this process is the valuation report. The valuation report is a document that must be created by specialists who are licensed and approved by the capital market board. This report determines if the acquired property is valued at the amount specified in the regulation (USD 400,000). The validity period for the valuation report is up to three months before the purchase date of the property. If the foreign buyer has an attorney, the validation report can apply by the Attorney/Law Firm.

 

Specialists licensed and authorized by the capital market board will determine whether the acquired property is equal to the amount specified in the regulation (USD 400.000). Once the title deed, valuation report, and payment receipts money exchange letter are obtained, the foreign buyer or his/her attorney can make the written promise (not to sell the property for 3 years) in the Land and Registry office. After the promise is made, the department of foreign affairs will send ‘’the investment conformity document’’ to the foreign person’s or his/her attorney’s e-mail address. and then the investor will be able to apply for Turkish citizenship.

Benefits of having Turkish Passport

  • You can travel to over 116 countries without complicated procedures and a visa!
  • No minimum residency is compulsory if you have applied through investment.
  • Fast processing of Turkish Passports compared to other top countries.
  • Turkish ID is processed with every passport.
  • Free Medical assistance for you and your family once a Turkish passport is endorsed.
  • Free Educational facilities for you and your family with a Turkish passport endorsement.
  • Dual Nationality is allowed in Turkey.
  • Once your Passport is processed no need to declare your wealth.
  • Once Turkey becomes a member of the European Union you will be provided with visa-free travel in the EU

The Process

1. Meet Our Team

Our experienced team will be ready to guide you through the Turkish real estate market and investment process, and we can also help you with your citizenship application.

2. Choose the Property

Our company has exclusive projects that are worth at least 400.000USD. We have various choices for you to find something that meets your needs and interests.

3. Open a Bank Account

To transfer money to the seller of a property in Turkey, you will need to open a bank account in Turkey.

4. Purchase the Property

Get the title deed with a restriction that it cannot be sold for 3 years and complete your ownership of the selected property in Turkey.

5. Obtain Investor's Residence Permit

After getting the investment confirmation letter, our lawyer will apply for investor residence permit of you in Turkey.

6. Obtain Your Turkish Passport

At this stage you're now all eligible for applying to obtain the Turkish passport for your yourself and your family which includes your spouse and children under 18.

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