There are several methods to obtain Turkish Citizenship through Investment, including:
- Investing in real estate valued at a minimum of $400,000 USD; is regarded as the most affordable option.
- Making a fixed capital investment that amounts to at least $500,000 USD in Turkey.
- Depositing at least $500,000 USD or equivalent foreign currency into a Turkish bank account.
- Acquiring Government Bonds worth at least $500,000 USD or equivalent foreign currency.
- Creating employment opportunities for a minimum of 50 individuals in Turkey, validated by the Ministry.
- Investing a minimum of $500,000 USD into either a real estate investment fund or venture capital investment fund.
Requirements for real estate investment program:
- Purchase real estate in Turkey with a minimum value of $400,000 USD. This could consist of multiple units according to applicable regulations.
- Maintain ownership of the purchased property for at least three years, which must be registered as an annotation in the title deed and/or notarized sales contract.
- Commission an official valuation survey conducted by an authorized authority, as announced by the banking supervision board. The valuation report must confirm that the property is worth at least $400,000 USD.
- Pay the purchase price to the seller via a bank transfer and retain the bank receipts as proof of the transaction.
- Ensure that the official declared value of the investment is at least $400,000 USD at the time of the notarized sales contract and/or the ownership transfer recorded at the Land Registry Office.
- To avoid violating the regulations, any property falling within the defined scope cannot be registered under the name of a foreign individual, including the applicant’s spouse or children. Properties transferred by the applicant’s spouse or children after December 1, 2017, are also excluded from this regulation.
- In the case of a mortgage loan, the applicant’s stated property value will be reduced by the value of the mortgage.
- The application process involves submitting the application to the Directorate of Foreigners Department, which is a part of the Ministry of Internal Affairs’ General Directorate of Population and Citizenship Affairs. The application should be sent through the Land Registry Office of the Ministry of Environment and Urbanisation.
It’s essential to note that these requirements may change over time, and it’s crucial to seek professional advice to ensure that you meet all the necessary criteria.
To obtain a Turkish passport by purchasing property, follow these steps:
- Obtain a Tax Registration Number by submitting your original passport and photos at any tax office in Turkey.
- Open a Turkish bank account and provide documentation of transactions during the buying stage. You will need to present your original passport, tax registration number, and an official document (such as a public utility bill) that shows your current address.
- Find a property that meets the following criteria:
– The property must have a total value of $400,000 USD or equivalent in Turkish Lira, which can be a single or multiple units.
– The property must be completed or close to completion with a habitation license granted and construction servitude or title deed ready.
– The property must be suitable for an official valuation survey.
- Purchase the property using a bank transfer and document the transaction with a receipt. As a requirement, have the Title Deed Registry and/or Notarised Sales Contract annotated with “Not To Be Sold For 3 Years.” This ensures that you can sell your property investment in Turkey after three years as your citizenship is guaranteed forever.
- Obtain the Certificate of Conformity by providing the official valuation survey and submitting the bank transfer receipt. Apply to the Ministry of Environment and Urbanisation to complete the process for obtaining Turkish citizenship through real estate investment.
- Apply for Turkish residency by gathering the necessary documents before applying for your residence permit. Submit your application to the Directorate General of Migration Management. Obtaining a residence permit is an essential step in obtaining Turkish citizenship and, eventually, a passport.
- Apply for Turkish citizenship by investment by gathering the required documents before submitting your application to the Directorate General of Migration Management. With these steps completed, you are on your way to acquiring Turkish citizenship through real estate investment.