Foreigners who invest in real estate(s) that are worth a minimum of USD 400,000 or equivalent thereof in foreign currency with an undertaking of not selling the purchased real estate(s) for three years are qualified to apply for Turkish Citizenship by Real Estate Investment Program.
Like many other countries, Turkey also offers citizenship for foreigners who invest in the country. Although there are a couple of ways to apply for Turkish Citizenship, the guideline presented here concentrates on the procedure of citizenship application through real estate(s) acquisition which is the most affordable one.
The Turkish Citizenship Law (No 5901) that is updated in September 2018, grants foreigners to apply for Turkish Citizenship following the acquisition of a Turkish property worth a minimum of USD 400,000. Note that, this criteria can also be met by purchasing several properties.
Find the property that you want to invest in Antalya or elsewhere in Turkey. The registry details of the property together must be checked with the seller or the seller’s representative at the Directorate of Land Registry. See our investment properties in Antalya appropriate for citizenship.
Once the property is found, an official valuation report is requested from a Capital Markets Board (CMB) licensed surveyor. Following this, the Land Registry Directorate examine and checks whether the valuation report and the declared value of the real estate(s) meet the criteria of min. 400,000 USD.
Before proceeding with the real estate acquisition, applicants will need to obtain a Tax Number, and open a Turkish bank account in order to document transactions. Note that, even though having a Turkish bank account will make the process faster and cost-effective, the transaction can also be made from a foreign bank account.
After the application to the Directorate of Land Registry and Cadastre, the price of real estate(s) is paid to the seller. Signatures are affixed, and contracts are concluded in the presence of a public notary. Note that, pay by hand is not valid for Turkish Citizenship applications, only bank transfers are accepted.
Once the sales procedure is completed, the “certificate of eligibility” will be issued for citizenship application. Afterwards, this document will be sent to the General Directorate of Migration Management.
If you are planning to stay for more than the duration of stay on your visa, at this point, you can apply for a residence permit in Turkey. Otherwise, natural persons, who are the citizens of the countries as given in the list of designated countries do not need to have a residence permit in addition in order to be able to acquire real estate(s). Following documents are required for the residency application. Health Insurance, Certificate of Eligibility, Application Form, Title Deed.
Read more about Residence Permit in Turkey.
The entire legal application process is carried out by the representation of our company lawyers. The following steps include; Security Clearance Period, Fingerprint at the Provincial Directorate of Civil Registration and Citizenship Affairs.
Indicating the foreign country of origin.
Official family documentation.
For real estate acquisition: One photograph of the seller and two photographs of the buyer (taken in the last 6 months, at a size of 6×4)
For citizenship application: Two biometric photographs of the applicant and each member of family.
Health insurance of the applicant; Earthquake insurance of the property.
Valid tourist visa is also acceptable.
It must be received from CMB licensed appraiser.
Bank receipt representing purchase of real estate(s) worth minimum of a USD 400,000; Titile Deed (or notarized copy) with annotation of “not selling or transferring the property for 3 years”.
If a power of attorney issued, the translation and the original or approved copy of the power of attorney.
Real estate acquisition by foreign real persons is only possible within the scope of legal restrictions further to Article 35 of the Land Registry Law 2644.
No, the entire process of Turkish Citizenship Application can be accomplished without the physical presence of the applier using power of attorney.
No, the title deed of the real estate(s) must be registered under the name of a natural person.
Yes, the cash payment after deducting the mortgage amount will be taken into consideration.
No matter the price tag, if you buy a property in Turkey and stay within the borders of the country for 5 years, you will be eligible to apply for Turkish Citizenship. Note that, in this procedure, you have only 6 months of travel allowance for overseas journeys.
There is numerous information on the internet that signify one must open a Turkish bank account for a real property purchase which will then be subjected to a Turkish Citizenship application. However, it is clearly stated in the Q&A document of the Directory of Land Registry and Cadastre, that it is possible to transfer the sales price from a foreign country or through banks in our country, in foreign currency or in Turkish currency (At the end of page 1 and the beginning of page 2).