Application Types To Obtain Turkish Citizenship By Investment
ACQUIRE AN IMMOVABLE ASSET OF AT LEAST $ 250K
DEPOSIT IN A TURKISH BANK AT LEAST $ 500K
ACQUIRE GOVERNMENT BONDS OF MIN. S 500K
Real Estate Investment Minimum $250,000
Step 1 – Getting a Tax Registration Number
Step 2 – Opening a Turkish Bank Account
Step 3 – Finding the Property
Step 4 – Buying the Property
Step 5 – Obtaining the Certificate of Conformity
Step 6 – Application For Turkish Residency
step 7 – Application for Turkish Citizenship
Requirements for Real Estate Investment
- Applicants are required to purchase a property in Turkey which is worth a minimum of $250,000. This can be fulfilled either by purchasing a single property or multiple properties, with provisions of regulations.
- The value of the property will be determined by an official valuation survey done by the authorities that are announced by the Banking Supervision Board. The value of the property must be at least $250,000 in the valuation report.
- The officially declared value of the property must be minimum of $250.000 at the time of the Notarized Sales Contract and/or of its ownership transfer at the Land Registry Office.
- Applicants are required to keep the purchased property for at least 3 years. This commitment must be registered as an annotation on the Title Deed and/or on the Notarized Sales Contract.
- The Property purchase price must be paid to the seller via bank transfer to be supported by bank receipts that prove the transaction is made from the buyer’s account to the seller’s account.
- Any such property within this scope must not be registered under and foreign real person’s name including the applicant’s spouse or children; properties that have been transferred by the Applicant’s spouse or children after 12.01.2017 are not within the scope.
- The application will be sent to the Ministry of Internal Affairs, General Directorate of Population and Citizenship Affairs, Directorate of Foreigners Department, through the Ministry of Environment and Urbanization, Land Registry Office.
- In case the property is purchased with a mortgage loan or is subject to mortgage by any means, the mortgage value will be deducted from the value stated in the valuation survey and the remaining amount will be taken into consideration