The minimum necessary to obtain Turkish citizenship by purchasing a property
For foreigners, with its booming economy despite setbacks, impenetrable markets, low operating costs and a qualified workforce, Turkey has a lot to offer. Other than these advantages, it is also possible for investors to obtain Turkish citizenship through their investments in Turkey and in particular by purchasing a property.
There are currently several different options for obtaining Turkish citizenship through investment: such as buying a property, investing an amount, buying government bonds, and opening an investment account with a Turkish bank.
Generally to obtain Turkish citizenship, foreigners must invest a minimum fixed capital of $500,000 or equivalent foreign currency or Turkish lira. This process was overlooked by the Turkish Ministry of Industry and Technology.
Turkish citizenship by buying a property:
Foreigners can obtain Turkish citizenship by acquiring a property with a minimum value of 250 thousand dollars or its equivalent in foreign currency or Turkish lira with restrictions on the title deed on resale for at least three years. This process is ignored by the Ministry of Environment and Urbanization in Turkey.
In Turkey, the possession of real estate title deeds may only be approved upon registration with the Land Registry Directorates. The primary real estate contracts, issued by notaries public or concluded by natural persons in writing, are not granted for the transfer of ownership per se. It acts only as an obligation to transfer title; The property in question is not transmitted by these tools.
Burdens such as mortgages, liens and similar types of restrictions which may exist in relation to said property and which would prevent its sale should be ascertained before proceeding with the procedures at the concerned Land Registry Directorate.
Inquiries about properties can be made online at parselsorgu.tkgm.gov.tr, where specific details of the city, neighborhood/village and map section can be used to search for the property. Basic information about a real property, including its current status, can be accessed online from anywhere in the world. However, the owner's personal information remains inaccessible. Foreign nationals do not need to obtain a residence permit as a prerequisite for obtaining real estate in Turkey. In addition, foreigners who acquire real estate in Turkey are granted short-term, renewable residence permits under Law No. 6458 on Foreigners and International Protection.
A natural or legal person who intends to acquire real estate in Turkey is required to apply to the General Directorate of Land Registry and Land Registry along with the property owner. In addition, they can call the 181 call center, providing the service around the clock, or visit randevu.tkgm.gov.tr to make an appointment without having to visit the directorate offices in person.
How to apply for Turkish citizenship
There are three main steps to be followed in the process of applying for Turkish citizenship by investment:
Obtaining a certificate of eligibility:
Apply to the relevant government agencies to obtain a certificate of eligibility.
Organizations you should apply to for each investment type:
In the case of buying a property, it is the General Directorate of Land Registry and Land Registry at the Ministry of Environment and Urbanization Obtaining a residence permit Apply to the Regional Directorate of Migration Management.
Documents required to apply for a residence permit:
- Residence permit application form
- Original and copy of passport or travel document
- A copy of the previous residence permit document
- Four personal photos
- Evidence that the applicant has not received any social assistance from government institutions and organizations during the past three years
- Evidence of sufficient and sustainable financial resources for the duration of the stay
- Criminal record document
- Valid medical insurance
- Citizenship request
- Apply to the Census and Nationality Directorate for settlement and prepare the citizenship file and send it to NVIGM.
In Turkey, the term "foreign" is defined in three categories in relation to the purchase of real estate:
- Foreign natural persons
- Foreign legal persons
- Turkish companies with foreign capital
Finally, with the text of the Turkish law specific to what was mentioned.. we list it for you.
The scope and specific amounts have been established according to the new regulations published in the Official Gazette on September 18, 2018:
Foreigners who meet any of the following criteria may be eligible for Turkish citizenship, according to the decision of the President of the Republic of Turkey:
- Investing a fixed capital with a minimum of 500,000 USD or its equivalent in foreign currencies or Turkish Lira, as attested by the Ministry of Industry and Technology.
- Purchasing a property with a value of no less than 250.000 US dollars or its equivalent in foreign currency or Turkish lira, with a title deed on resale for at least three years, as attested by the Ministry of Environment and Urbanization.
- Creating jobs for at least 50 people, as attested by the Ministry of Family, Labor and Social Services.
- Depositing at least 500,000 US dollars or its equivalent in foreign currencies or Turkish lira in banks operating in Turkey with the condition that they have not been withdrawn for at least three years, as attested by the Banking Regulation and Supervision Agency.
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