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Certificate of Conformity for
Turkish Citizenship by Investment

What is a Certificate of Conformity?

 

The certificate of conformity is the document that determines the suitability of an immovable property purchased by a foreigner for Turkish citizenship application by investment. In Turkey, you can apply for Turkish citizenship by the investment in real estate and some other alternatives. It is an exceptional type of citizenship for investors that could be gain within 2 or three months by buying property in Turkey worth of minimum 250,000 US Dollars.

 

The certificate of conformity is one of the most important documents that should be obtained after title deed transfer. If the purchased real estate was not suitable for citizenship or in other words, it’s not proven that its worth is not below 250,000 US Dollars the investors can’t apply for citizenship.

 

So the certificate of conformity is the document that shows the purchased real estate is suitable for Turkish citizenship.

 

 

Where to apply for a Purchased real estate Certificate of Conformity worth 250,000 US Dollars?

 

To obtain a conformity document, an application is made to the General Directorate of Land Registry and Cadastre together with the below documents after the title deed transfer has taken place:

 

Documents required for real estate certificate of conformity are

  1. Bank receipts showing that the sale price of the real estate has been transferred to the seller
  2. Real estate valuation report
  3. The commitment "will not be sold for 3 years", must be written on the title deed

 

 

Certificate of Conformity for a Fixed Capital of Investment worth a Minimum of 500.000 US Dollars

 

Foreign investors who make a fixed capital of investment worth a minimum of 500.000 US Dollars (it may be equal to different currencies or Turkish Lira) obtains a certificate of conformity from the Ministry of Industry and Technology, General Directorate of Incentive Practices and Foreign Capital.

 

 

Certificate of Conformity for Foreign Investors Employing at Least 50 People

 

Foreign investors employing at least 50 people can apply for the certificate of conformity to the Ministry of Family, Labor and Social Services, General Directorate of International Labor.

 

Certificate of Conformity for Foreign Investors, Investing on a Minimum Deposit of 500,000 US Dollars

 

Foreign investors who invest on a minimum deposit of 500,000 USD (or equal to different currencies or Turkish Lira) to banks operating in the Republic of Turkey with a condition not to withdraw it from the bank within a minimum of 3 years can apply for a certificate of conformity to the Financial Consumer Relations Department of the Banking Regulation and Supervision Agency.

 

 

Certificate of Conformity for Foreign Investors Purchasing a Minimum Amount of 500,000 US Dollars Government Debt

 

Foreign investors who purchase a minimum amount of 500,000 USD (or equal to a different foreign currency or Turkish Lira) government debt should with the condition to keep it for a minimum of 3 years can apply for a certificate of conformity to the Ministry of Treasury and Finance.

 

Certificate of Conformity for Foreign Investors purchasing venture capital investment fund participation share or real estate investment fund participation share worth a minimum of 500,000 US Dollars

 

Foreign investors who purchase venture capital investment fund participation share or real estate investment fund participation share worth a minimum of 500,000 USD (or equal to a different foreign currency or Turkish lira) should apply for the certificate of conformity to the Capital Markets Board Intermediary Activities Department. The participation shares must be kept for a minimum of 3 years.

 

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