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Turkish Citizenship By Investment

 

Turkish Citizenship Process, What are the conditions to obtain Turkish citizenship by investment? 

Turkish citizenship by Investment Program (TCBI) launched in January 2017 caused an accelerated growth in the real estate sector, attract foreign  investors from all over the world. 

The Turkish Citizenship gives the chance to access both European and Asian markets to investors. Also, to acquire lifetime citizenship of a country that is in the process of full membership negotiations with the European Union

According to the law, it is possible to obtain Turkish citizenship by birth, marriage, paternity and in many other ways. Apart from all these, it is also possible to get Turkish citizenship by investment under the Exceptional Cases specified in the law.

Turkey allows foreign nationals to invest in different channels in the country and to obtain the right to Turkish citizenship by investment.

With this investment program, it's aimed that promotion of foreign investment in Turkey and to provide economic benefits. The amounts specified in the investment program have been reduced by the President's decision as of September 2018. Thus, foreign citizenship acquisition processes have been made easier and faster.

 

 

Turkish Citizenship Requirements

 

 

 

  • It is very important that the real estate value is not less than $ 250,000. The value in the Real Estate Sales Contract or the title deed document must match the value in the Real Estate Valuation Report and the bank transfer amount.

 

  • The real estate value should be transferred through the bank and proven with the required document. Payments made by hand to the seller are not valid for the application of Turkish citizenship.

 

  • Real estate value purchased between January 12, 2017 and September 18, 2018 must be at least $ 1 million. Because this amount was reduced to 250 thousand dollars by the Decision of the President as of September 18, 2018. Therefore, property amounts under $ 1 million purchased before this date are not sufficient for citizenship applications.

 

  • There is no restriction on the quantity of properties for citizenship application (except the restrictions on foreigners' acquisition of immovable in the Law). One or more properties with the required amount can be bought for Turkish citizenship application.

 

  •  It is not mandatory to purchase properties at once. Turkish citizenship application can be made with real estate purchased at different times.

 

  •  For Turkish citizenship,  the purchased property is noot supposed to be just apartment. The residential, office, shop, store, land, field, garden and similar properties can be purchased.

 

 

Documents Required for Application of Turkish Citizenship by Investment

 

 

  • Population Registration - Birth Certificate (For all family members)
  • Residence Certificate
  •  Marital Status Certificate (Showing that the person purchasing the real estate on behalf of the property is married, single or divorced)
  • Certificate of Death (If the applicant is a widow, a document regarding the death of spouse)
  • Health insurance
  • 8 Biometric Photos (Taken on a white background)
  • Passport
  • Parental Consent Letter (For the child under the age of 18 who will receive Turkish citizenship of the applicant. Must be issued by a notary, overseas representative or competent authorities of his / her country.)
  •  Original and Notarized Turkish Translation of These Documents
  • Power of Attorney (For authorization of the lawyer)
  • Certificate of Conformity
  • Application Forms
  • Service Fee Receipt (Must be obtained from the Finance Cashier)

 

Benefits of Being a Turkish Citizen

 

  • Foreigners who acquire Turkish citizenship afterwards through investment have the same rights as those who are Turkish citizens by birth.
  • The conditions in Turkish heritage law also apply to those who are Turkish citizens afterwards.
  • The person's family and children under the age of 18 also obtain Turkish citizenship.
  • You can benefit of the strong Turkish health system.
  • You can benefit of quality educational institutions.
  • You can vote.
  • You do not have to speak Turkish and take the exam.
  • You do not need to live in Turkey to apply for Turkish citizenship. Even if you are abroad, your procedures are dealt with a power of attorney that you will give to your lawyer.
  • You don't have to declare your wealth.
  • The Republic of Turkey allows dual citizenship.

 

 

 

What Are the Steps of Acquiring Turkish Citizenship?

 

1. Getting Tax Registration Number

Tax Registration number can be obtained from any tax office in Turkey.

2. Opening a Turkish Bank Account

An application must be done to a Turkish bank to open an account with original passport, tax registration number and an official public invoice showing the current address.

3. Finding the Property

Single or multiple property should cover the total value of USD 250.000 or equivalent Turkish Lira.

 - Property should be completed or about to completion,

 - Occupancy Permit should be granted,

 - Title Deed should be ready.

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4. Getting the Property Appraisal Report

Before the title deed transfer or contract sale an appraisal report must be obtained from a valuation company, showing that the real estate value is at least 250,000 Dollars. The valuation company that will issue the report must be a company approved by the Capital Markets Board.

5. Purchasing the Property

Property buying amount's payment should be sent from the buyer's account to the account of the seller by bank, and it should be proved by the shipment document. 

The purchased real estate cannot be sold for 3 years (to be annotated to the title deed).

6. Obtaining the Certificate of Conformity

After the transfer of the title deed took place; certificate of conformity is being obtained from General Directorate of Land Registry and Cadastre together with;

  •  Bank transfer receipts,
  •  Real estate valuation report,
  •  Annotation of "cannot sold for 3 years" put into the title deed / contract.

 

7. Application for Turkish Residency

To obtain a residence permit, you should apply for the Provincial Migration Management with the necessary documents.

The investor has the right to renew the residence permit until his / her citizenship process is completed.

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8. Application for Turkish Citizenship

The application is finalized by applying for Turkish Citizenship by investment to the General Directorate of Population and Citizenship Affairs together with the residence permit and all of the documents you get befor this stage.

After the application, the competent authorities evaluate the application.

After the eligibility of the application for citizenship of Turkey is determined, it is signed by President Recep Tayyip Erdogan and the Turkish citizenship process is completed.

 

 

1
Getting Tax Registration Number
2
Opening a Turkish Bank Account
3
Finding the Property
4
Obtaining Real Estate Appraisal Report
5
Purchasing the Property
6
Obtaining the Certificate of Conformity
7
Application for Turkish Residency
8
Application for Turkish Citizenship

 

 

How Long Does it Take to Obtain Turkish Citizenship?

 
 

After you made the investment and applied for Turkish citizenship, it takes 3 to 4 months to officially obtain citizenship. Also, it is feasible to obtain Turkish Citizenship for the family members: spouse (wife/husband) and children below 18 years old within one week as the main applicant obtained citizenship.

However, it may vary from one to two weeks depending on the time of appointment for the passport.

How Much is the Turkish Passport's fee for 2021?

The total amount of the Turkish passport's fee for 2021 is below.

6 Months - 407,20 TL

1 Year - 512,10 TL

2 Years 722,20 TL

3 Years - 950,20 TL

4 Years to 10 Years - 1265,40 TL

 

 

Processes of Turkish Citizenship Program With MELARES

 

 

1

Filling the Citizenship Program Application Form

2

Needs Analysis and Presenting Proper Portfolios

3

Appointment Organization

4

Welcoming You at the Airport and Entertain in Our Office

5

Presentation of Properties Suitable for Citizenship and Determining Real Estate

6

Free Real Estate Tour / City - Region Introduction

7

Deciding on the Real Estate to be Purchased

8

Meeting with MELARES' Lawyers

9

Organizing Property Purchase Processes

10

Residence Permit Application

11

Turkish Citizenship Application

12

Getting the Turkish Passport

 

 

 
 

 

 

SPECIAL REAL ESTATE CITIZENSHIP PACKAGES by MELARES

 

For living or investing.. By choosing one of our Citizenship Packages prepared including "one or more property", you can obtain Turkish citizenship and sign a profitable investment opportunity.

 

PACKAGE A - SINGLE PROPERTY PURCHASE

You can live in your property which you will buy at appropriate value for Turkish Citizenship or you can rent it and earn regular income.

 

PACKAGE B - DUAL PROPERTY PURCHASE

You can live in one of the 2 properties which you will buy, and rent the other property to obtain regular income. If you wish you can rent both of the property and increase your income.

 

PACKAGE C - TRIPLE PURCHASE

You can live in one of the 3 properties which you will buy, and rent the other two properties to obtain regular income. If you wish you can rent three of the propertiy and increase your income.

 

PACKAGE D - QUADRUPLE PURCHASE

You can live in one of the 4 properties which you will buy, and rent the other three properties to obtain regular income. If you wish you can rent four of the property and increase your income.

As MELARES Turkey Properties, we find the most accurate real estate alternatives suitable fot Turkish citizenship.

 

 

Why Turkey?

 

Turkey is one of the most important countries in the world that every year millions of tourists wonder and visit. With its cultural infrastructure, natural beauties, modern and at the same time with a traditional lifestyle it appeals to different tastes.

It is an attractive place for foreigners each season of the year. Beyond seeing these beauties, the demands of foreigners for Turkish citizenship have increased rapidly in recent years. Especially obtaining Turkish citizenship with real estate investment, has attracted many people of different nationalities to Turkey.

 

According to the Republic of Turkey Ministry of Interior General Directorate of Population and Citizenship Affairs statistics;

With the new curative regulations made in Turkish citizenship law, 9,011 foreign investors who have invested a minimum of USD 3,261,500,000 in Turkey since the starting of the new law application have obtained Turkish citizenship.

People from all over the world dreams to visit and experience the beauties of Turkey. Many people dream of obtaining Turkish citizenship. The Republic of Turkey, where provides dozens of social, cultural and economic opportunity to its citizens, gives the chance to experience the privileges of being a Turkish citizen.

 

 

 

The Importance of Working with Lawyers of MELARES

 

"Why should I work with lawyers for Turkish citizenship?", "What are the benefits of lawyers in my application for Turkish citizenship?"

 

While applying for Turkish citizenship, nobody knows Turkish law rules better than Turkish lawyers. Moreover, lawyers have specialization fields in certain subjects.

The most professional lawyers with the knowledge and experience in foreign citizenship will guide you in the right way and make your transactions easier while keeping you away from complexity. The only person that can help you for acquiring Turkish citizenship is expert lawyers.

With a professional lawyer and a reliable real estate company, you will obtain the best and profitable result.

 

 

 

By Cooperating with lawyers of MELARES in your official procedures, including citizenship, you will have the following privileges:

 

  • Checking whether the property that you plan to purchase is suitable for Turkish citizenship conditions and providing the most accurate information and guidance.

 

  • Controlling the zoning status of the property, whether it has a building license, whether there are any restrictions, foreclosures and problematic situations on the property.

 

  • Keeps you away from problematic properties.

 

  • Controling the authenticity of the Real Estate Appraisal Report, which is required for the application of Turkish citizenship and proves that the value of the real estate you bought is at least USD 250.000.

 

  • Applying to the relevant official institution for Residence Permit.

 

  • Providing all necessary legal counseling in all of your processes from the preparation of the documents required for Turkish citizenship and Turkish passport according to the provisions of the Law.

 

  • Following the processes meticulously until the final stage.

 

 

What is the Easiest Way to Get Turkish Citizenship?

 

1

The Buy Real Estate Investment Fund or Venture Capital Investment Fund Participation

Worth to minimum

$500.000

2

To Deposit to banks operating in Turkey

Worth to minimum

$500.000

3

To buy Government Debt Securities

Worth to minimum

$500.000

4

To do a Fixed Capital Investment

Worth to minimum

$500.000

5

Providing Employment

Minimum

50 People

6

TO INVEST IN REAL ESTATE

Only worth to

$250.000

 


 

Frequently Asked Questions about Turkish Citizenship

1. What is the validity period of the Real Estate Appraisal Report?

The Real Estate Appraisal Report is valid for three months from the date of issue. If an application has been made, the appraisal report is valid until the application is completed.

2. How to transfer the sales price of the real estate purchased for Turkish citizenship?

The transfer of the sales price can be made in foreign currency or in Turkish Lira through foreign banks or through the banks in our country.

It must be proved by a receipt approved by the banks that the price has been sent / paid by the purchaser of the real estate. The payments which has been made by hand are not valid

3. What is needed to obtain a “Certificate of Conformity”?

After receiving of "not to sale for 3 years" commitment of the purchased real estate, the transaction documents are sent to the authority to issue a certificate of conformity by the Land Registry Office and the certificate is issued.

After receiving the "Certificate of Conformity" the following applications are made;

 + To the Provincial Directorate of Migration Management for residence (residence permit)

 + Provincial Directorate of Population and Citizenship Affairs for Citizenship.

4. Can I apply for Turkish citizenship with the Real Estate Sales Promise Agreement?

Provided that the following conditions are fulfilled, an application for Turkish citizenship can be made with the Real Estate Sales Promise Agreement.

 + On and after 07.12.2018; the properties having the flat-ownership or contrcution servitude, the amount of at least USD 250.000 or equivalent must be paid in advance (at the latest on the signature date of the contract).

 + Commitment should be added to the land registry, related with the Real Estate Sales Promise Contract that issued in Notary shall not be transfer and deletion for 3 years.

5. Can I apply for Turkish citizenship with the properties I have already purchased?

 + In case of at least USD 1.000.000 of the value of the purchased real estate between 12.01.2017 and 18.09.2018,

 + In case of the value of the purchased real estates / real estates is at least USD 250.000 on and after 19.09.2018,

 + In case the value of the real estate / real estates whose sales promises contract has been issued after 07.12.2018 is worth USD 250.000,

Turkish Citizenship applications can be made.

6. Can I apply for Turkish citizenship by purchasing more than one property? Should all real estates worth $ 250,000 be purchased at once?

There is no limit to the number of properties that can be acquired through sale or which may be subject to the promise of sale. The important thing is that the real estate value totals sought on the dates specified in the Law are in compliance with the application for Turkish citizenship.

No. Turkish citizenship can be applied for real estate purchased from different places and at different times.

7. What types of properties can I buy for Turkish citizenship?

In the purchase (title deed transfer) process, the qualification of the real estate does not matter. The qualification of the property can be housing, workplace, land, field, garden and so on.

In the process of making commitments through the Real Estat Sales Promis issued in the notary public, the condominium or floor easement of the real estate must be established.

8. Can the real estate be sold before the expiration of the "3-year unsaleable" annotation?

This situation is asked by the Land Registry to the Provincial Directorate of Population and Citizenship and the situation related to citizenship is reconsidered.

9. Real estate purchasing for Turkish citizenship and "3 Years Not to Sell" commitment can be done by a power of attorney?

Yes. In case of there is an authorization in the related power of attorney this can be done.

10. Can a citizenship application be done in the purchase of mortgaged real estate?

It is possible to apply for citizenship if purchased by accepting the existing mortgage or foreclosure. In this case, however, the following conditions are taken into consideration;

 + In case the real estate is acquired through sale-mortgage transaction (credit purchase); In determining the legal value sought, the credit amount is deducted from the sales price and the remaining price must be at least the amount specified in the regulation.

 + In legal mortgaged sales; Except for the mortgage, the prepaid portion must be at least the amount specified in the regulation.

11. Do I need to residence in Turkey to get Turkish citizenship?

There are different ways to get Turkish citizenship.  To obtain Turkish citizenship in other ways except investment, uninterrupted 5-year residency required.

However, if you will get your Turkish citizenship by investing (real estate, deposits, government securities, etc.) you do not need to reside in Turkey.

12. Is it easy to get Turkish citizenship? Is it difficult to get Turkish citizenship with real estate investment?

Getting Turkish citizenship is easier than in many countries in the world. It is necessary to carry the conditions required in the relevant Laws and complete the necessary documents completely and accurately.

Also, if you apply for Turkish citizenship by investing you do not need speaking Turkish, not residing in Turkey and has no wealth declaration requirements. It has been allowed by Turkish government dual citizenship in Turkey.

 

No. There are some steps you need to follow for this.

Shortly;

> When you decide to buy a property in Turkey, by taking the tax number from the tax office you must open an account with a bank in Turkey.

> You should draw an expertise report from a company approved by the Capital Markets Authority for the real estate you will purchase.

> Then, by purchasing a property (signing a contract / transfer of title deeds on your behalf), you will receive a Certificate of Conformity from the Land Registry that all transactions are done in accordance with the Law.

> After obtaining a residence permit from the Provincial Immigration Administration, you conclude the procedure by applying for Turkish citizenship to the General Directorate of Population and Citizenship Affairs.

13. What rights do I enjoy if I get Turkish citizenship? What are the benefits?

A foreigner who gets Turkish citizenship enjoys all the rights like Turkish citizens. It benefits of rights such as education, health, establishing sound commercial relations, Turkish heritage law, voting.

14. What type of passport will I use if I am a Turkish citizen? Which countries can I go to without a visa when I get a Turkish passport?

There are 4 types of passports issued by the Turkish government. Diplomatic Passport, Private Passport, Service Passport and Public Passport.

Apart from the 3 special passports above, Turkish citizens use a Maroon colored passport that is publicly available.

 

Turkish passport is one of the strongest passports in the world.

When you receive your passport with your Turkish citizenship, you can travel to more than 100 countries without visa or with the ease of getting a visa at the border gate.

15. How soon can I get Turkish citizenship?

Your citizenship application process varies depending on certain conditions and how accurately you prepare your documents.

If your application documents are correct and complete, and if the research result is positive that there is no obstacle to obtaining Turkish citizenship, you may be able to obtain your Turkish citizenship in approximately in 90 days after your application.

16. Do I have to work with a lawyer to get Turkish citizenship?

Yes. You need to work with a lawyer to apply for Turkish citizenship.

It is a great benefit to work with a lawyer who knows Turkish law and the procedures, principles and conditions of Turkish citizenship very well.

Experienced lawyers prevent you from losing time by directing you right. It also organizes all your Turkish citizenship processes for you. Without being in Turkey, you can handle your transactions with the power of attorney that you will give to a lawyer.

 

17. How can I get citizenship by investing in Turkey? How is the citizenship process beginning and progressing?

One of the necessary methods for a foreign real person to obtain Turkish citizenship by investing is to purchase Real Estate. Apartments, villas, shops, stores, etc. There is a requirement not to sell the property for 3 years.

Except this,

* You can deposit minimum USD 500.000 or equivalent Turkish Lira or foreign currency Deposits to the bank. There is a condition not to withdraw this money from the bank for 3 years.

* You can make a Fixed Capital Investment of minimum USD 500.000 or equivalent in Turkish Lira or foreign currency.

* You can get a minimum USD 500.000 or equivalent Turkish Lira or foreign currency Government Debt Instruments. These Instruments are required to be kept for 3 years.

* You can purchase a Real Estate Imvestment Fund Participation Share or Venture Capital Investment Fund Participation Share with a minimum value of USD 500,000 or equivalent in Turkish Lira or foreign currency. These Participation Shares are required to be kept for 3 years.

* You can provide employment for 50 people.

The citizenship procedures starts with buying a property. Such property should be minimum valued $250.000. After the purchase of the property the application phrase starts. Application phase is basically submitting relevant document to the relevant authorities. The applicant who meets the relevant requirements can apply for the citizenship for himself or herself, wife, kids below 18 years old.

18. When I apply for Turkish citizenship with real estate investment, can my family benefit from citizenship? Will my newborn child benefit from this right when I get Turkish citizenship?

Along with his application for Turkish citizenship, the spouse and children under 18 years of age also benefit. They also get Turkish citizenship.

This situation not including person's mother, father, or children over the age of 18.

Yes. When you get Turkish citizenship, your new born and will born children will also be born as Turkish citizens.

19. What are the required documents?

In general, we need passport translation, 6 photographs and also birth certificate. If one of the spouses are married, also married certificate is required.

20. Is it necessary to make personal reference, if not, what stage also needs to be found in Turkey?

Citizenship application is applicant friendly procedure. If the applicant submits all necessary documents and power attorneys, he or she doesn't need to show up during the application.

 

21. Is there any advantage for applicants whose children are above the age of 18 regarding residence permit, trade or other similar subjects?

Yes they have certain advantages when they apply for residence permit and also for the visa applications.

22. Can more than one person gain citizenship through a single property?

The condition of acquisition Turkish citizenship while real estate is investing minimum $250.000. If each purchase share is minimum $250.000 it shall meet the conditions. An applicant can also purchase more than one real estate in order to meet with the condition.

23. If the applicant has more than one citizenship, does the situation change or create a disadvantage?

There is no any extra requirement or any barrier for multiple citizenships.

 

24. Is it possible for adult dependents to apply citizenship with their family?

Yes, for example, if the applicant has a dependent family member, he/she can also apply for this member in order to get Turkish citizenship.

25. What is the situation for the children's who are adopted or spouse's other marriages?

Children from other marriages and also adopted children can also be the subject for the acquisition of Turkish citizenship.

 

26. Is a foreign property owner taxable and what are the conditions? Is there a VAT exemption to foreigners? In which conditions are there?

A real estate owner in Turkey has to pay real estate ownership tax. Such tax is payed annually. And its calculated according to the value of the real estate. If the real estate is leased also annually a real estate income tax is payed.

Yes there is. The main condition of VAT exemption is the money should be transfer to Turkey from abroad. 

 

27. What will be the law of inheritance if the owner of the property loses his / her life?

If a real estate in Turkey is subjected to inheritance Turkish law shall apply. The general rule of Turkish inheritance law is the property will be divided between the wife or husbands and the kids.

 

28. Can the transfer of the purchase amount be made in multiple transactions? What if the transaction in currencies other than dollars?

Purchase price of real estate can be transfer with multiple transactions. The total transaction amount should be meet minimum $250.000. If the transfer amount in different currency, on the transfer of title deed date the amount should be meet with $250.000 in exchange.

29. Are there any benefits in obtaining a residence permit?

In case the real estate is below $250.000 or the applicant has not apply for Turkish citizenship the real estate can still be used for residence permit. In such case the husband or the wife and the children below 18 years old can apply for residence permit.

30. Does citizenship help other family members or relatives to get visa easier?

Investors who acquired Turkish citizenship can also invite their relatives via visa invitation letters.

HOW CAN WE HELP YOU?

You can get support from our experienced team in all matters related to your real estate needs.

+90 542 208 1 208 info@melares.com
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