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.
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.
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;
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.
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.
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.
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
Filling the Citizenship Program Application Form
Needs Analysis and Presenting Proper Portfolios
Appointment Organization
Welcoming You at the Airport and Entertain in Our Office
Presentation of Properties Suitable for Citizenship and Determining Real Estate
Free Real Estate Tour / City - Region Introduction
Deciding on the Real Estate to be Purchased
Meeting with MELARES' Lawyers
Organizing Property Purchase Processes
Residence Permit Application
Turkish Citizenship Application
Getting the Turkish Passport
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.
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.
"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:
The Buy Real Estate Investment Fund or Venture Capital Investment Fund Participation
Worth to minimum
$500.000
To Deposit to banks operating in Turkey
Worth to minimum
$500.000
To buy Government Debt Securities
Worth to minimum
$500.000
To do a Fixed Capital Investment
Worth to minimum
$500.000
Providing Employment
Minimum
50 People
TO INVEST IN REAL ESTATE
Only worth to
$250.000
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.
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
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.
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.
+ 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.
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.
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.
This situation is asked by the Land Registry to the Provincial Directorate of Population and Citizenship and the situation related to citizenship is reconsidered.
Yes. In case of there is an authorization in the related power of attorney this can be done.
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.
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.
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.
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.
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.
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.
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.
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.
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.
In general, we need passport translation, 6 photographs and also birth certificate. If one of the spouses are married, also married certificate is required.
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.
Yes they have certain advantages when they apply for residence permit and also for the visa applications.
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.
There is no any extra requirement or any barrier for multiple citizenships.
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.
Children from other marriages and also adopted children can also be the subject for the acquisition of Turkish citizenship.
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.
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.
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.
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.
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.
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