Turkish citizenship through ownership

Turkish citizenship through property ownership

The laws have been amended according to official announcements, where now an investment of $400,000 is sufficient to obtain Turkish citizenship through real estate investment. This investment includes the property owner, their spouse, and children under the age of 18. One of the conditions to be followed is not to sell the purchased property for a period of 3 years, and the investor must sign an undertaking not to sell the property during this period. The conditions and advantages of obtaining Turkish citizenship through real estate investment are explained.

What are the conditions for obtaining Turkish citizenship through property ownership?

1. The total value of the property or properties must be equal to or exceed $400,000 US dollars or its equivalent in Turkish lira, according to the exchange rate on the date of purchase.

2. The investor must hold a nationality that allows them to own and invest in property, with the exception of citizens from North Korea and Syria.

3. The investor must commit not to sell the property for a period of 3 years from the date of purchase.

4. The property value must align with the property appraisal report, which is conducted by state-licensed appraisal companies in Turkey.

5. Ownership transfer and property registration in Turkey must be done correctly through the land registry office.

6. The property value must be paid via a bank transfer only, and cash payments are not accepted.

7. The property must be purchased from a Turkish citizen or from a Turkish company exclusively authorized for eligibility for Turkish citizenship.

Why is the Turkish citizenship program through property investment considered the best?

• The primary reason is that the invested amount is tangibly represented in real estate rather than being a donation to a specific entity or government. In addition to Turkey's strong property investment potential, real estate in Turkey provides financial returns, whether through capital appreciation after three years or through rental income earned during that period.

• If you intend to engage in real estate investment, whether for regular investment purposes or to obtain Turkish citizenship, you should consider the investment returns of the property. This means selecting properties that are financially profitable, either through rental income or an increase in property value over time. Some investors make the mistake of choosing the most aesthetically pleasing property, even if it lacks high investment value in terms of rental yield or annual appreciation percentage. However, if you purchase a smaller and more affordable property, you can achieve significantly higher financial returns as an investment.

• Thanks to our comprehensive real estate services in Istanbul, Turkey, we can assist you in purchasing properties for investment purposes or to obtain Turkish citizenship. We guide you through all the steps from start to finish and can also manage your assets after the purchase, all in one place.

Here are the procedures for obtaining Turkish citizenship through real estate investment

The steps for obtaining Turkish citizenship through real estate investment are as follows:

1. Identify the Suitable Property: Choose a property or a group of properties with a total value equal to or exceeding $400,000 US dollars.

2. Property Appraisal: Obtain a property appraisal report from a government-licensed company in Turkey to confirm that the property's value meets the specified requirements.

3. Contract and Purchase: Sign the purchase contract with the seller and transfer the required amount through a bank transfer.

4. Property Registration: Register the property in the investor's name at the Turkish land registry office.

5. Commitment to Investment Conditions: Sign an undertaking not to sell the property for a period of three years from the purchase date.

6. Application Submission: Submit the application for Turkish citizenship based on the real estate investment to the relevant authority.

7. Application Follow-Up: Monitor the application progress and review and processing procedures by the relevant authorities.

8. Receiving Citizenship: After the application is approved, the Turkish citizenship certificate is issued and delivered to the investor.

It's important to note that these procedures may be subject to legal amendments and updates. It is crucial to verify the current laws and the latest requirements related to the Turkish citizenship program through real estate investment.

What are the required documents for obtaining Turkish citizenship?

• Translated and notarized passport into the Turkish language for the applicant.

• Translated and notarized passports of the spouse and children under the age of 18.

• A family status document certified by the foreign ministry of the home country and the embassy or consulate of the home country in Turkey. This document should also be translated and notarized.

• A clean criminal record certificate for each person over 18, issued by the foreign country's authorities, certified by the foreign ministry of the home country and the embassy or consulate of the home country in Turkey. This document should also be translated and notarized.

• Recent biometric passport photos taken within the last six months for all family members.

• Copy of the title deed or property ownership document.

• Property appraisal report for the property or properties.

• Bank transfer receipts stamped by the bank.

• Receipts of funds received from the seller or construction company, stamped by the receiving bank.

• Any document issued outside of Turkey should be authenticated by the issuing country's foreign ministry and the embassy or consulate of the issuing country in Turkey, then translated into Turkish by a sworn translator, followed by notarization by a notary public.

• Turkish citizenship application form, indicating whether the investor is applying for Turkish citizenship for themselves only or for their family.

• A non-conviction certificate from Turkey, obtainable through the government's electronic application system.

The duration to obtain Turkish citizenship through real estate investment

The process of obtaining Turkish citizenship through real estate investment goes through several stages, with the most crucial being the security clearance phase that determines an individual's eligibility for Turkish citizenship. In general, obtaining citizenship takes between 3 months to a year, with the maximum time frame. This depends on workloads and official holidays.

Properties Istanbul provides all the services related to real estate investment and property appraisal up to the point of obtaining Turkish citizenship, all in one place, without the need to waste time dealing with official authorities and procedures.