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The changes in the Turkish Citizenship by Investment Program were announced in June 2022. These changes mean they can acquire citizenship and passport for as little as $400,000 by investing in Real Estate. Property Istanbul Turkey has helped many people. Thousands of investors acquired citizenship by purchasing real estate. This program is one of the most affordable and attractive citizenship programs in the world.
Successful applications will have Turkish Citizenship and Passport forever. Children born after this date will be born as citizens. Turkey allows dual nationality through its investment program, allowing you to keep multiple citizenships alongside your Turkish citizenship.
1 – You must hold at least 500,000 USD in a venture capital investment fund or real estate investment fund
2 – You must purchase at least $500,000 or equivalent of Government Bonds in foreign currency
3 – You must deposit at least USD 500,000 or equivalent in foreign currency in a Turkish Bank
4 – You must make a fixed capital investment of at least 500,000 USD in Turkey
5- You must create employment for at least 50 people in Turkey as approved by the Ministry.
6 – The cheapest option, Buy a real estate investment of at least 400,000 USD. It always gains value
– In order to apply, you must purchase a property worth at least $400,000. You can do this by purchasing multiple units with the provisions of the regulation. There is no requirement for a unit.
-After purchasing, Applicants must not sell the property for at least 3 years. A 3-year unsold commitment must be registered as annotation in the title deed and/or Notary Certified sales contract.
-The real estate valuation report must be determined as at least $400,000. An official valuation survey announced by the banking supervisory board must be conducted by the competent authorities.
-Payment for purchases must be made via bank transfer. It should be supported and preserved by bank statements. In this way, you will prove the action taken.
-The officially declared value of the investment must be at least USD 400,000 at the time of transfer of ownership in the Notary Certified Sale Contract and/or Title Deed.
-The real estate to be purchased must not be registered in the name of any foreign natural person, including the applicant’s spouse or children. Real estates transferred after 12.01.2017 by the spouse or children of the property to be purchased are not within the scope of the regulation.
-If the real estate to be purchased has purchased a house using a housing loan, the value of the mortgage will be deducted from the value specified in the official valuation survey.
-The application for Turkish citizenship will be made to the Foreigners Department of the Ministry of Interior, General Directorate of Population and Citizenship Affairs, through the Land Registry Office of the Ministry of Environment and Urbanization.
Step 1 – You must get a tax registration number
Step 2 – Open a bank account from Turkish banks
Step 3 – Find real estate to buy
Step 4 – Determine the real estate you want to buy
Step 5 – Receive Certificate of Conformity
Step 6 – To reside in Turkey, make your application
Step 7 – Apply for Turkish Citizenship
You must obtain a Tax Registration number from any tax office in Turkey. Your Original Passport and Photos are required.
Original Passport and Tax Registration Number must be ready. Documentation of transactions will be required when purchasing. An Official Document (such as a Public Service Invoice) showing your current address is required to open an account with Turkish banks.
It must comply with the Official Valuation System. Total Value in Turkish Lira must be US$ 400,000 (can be one or more real estate). Units must be Completed or Near Expired, Licensed for Residence and Title Deed ready or Floor Easement.
Make your payment by Wire Transfer and document this transaction with a receipt. Make your transaction with the annotation ‘Will not be sold for 3 years’ in the Land Registry and/or Notarized Sales Contract. After the three-year period expires, your citizenship is guaranteed forever. After this process, you can sell your real estate investment in Turkey.
Make your application to the Ministry of Environment and Urbanization. Prepare your Official Valuation Report and Bank Transfer Receipt issued by the authorities that conduct official valuation research and published by the Banking Supervisory Board.
In order to obtain your residence permit, Turkish citizenship and passport, you must apply to the General Directorate of Migration Management.
Property Istanbul Turkey’s in-house lawyers will be able to help guide you every step of the way. Prepare the necessary documents for the citizenship application first. Apply to the General Directorate of Migration Management with the prepared documents.