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Frequently Asked Questions

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  • How much do I need to invest in a real-estate to get Turkish citizenship?

 

You can get the Turkish citizenship by purchasing a property in Turkey that is worth a minimum of $250,000. Your Spouse and kids who are less than 18 years old will also be granted Turkish Citizenship.

You may download our guide for more details

 

 

  • What is the added value of getting a Turkish citizenship?
  • Permanent right of residence
  • Permanent right of work and investment opportunity in Turkey without any limitations
  • Visa-free travel to many countries
  • Simple and short evaluation process for visa applications to many countries
  • All international incentives granted to Turkish citizens with bilateral or multilateral agreements

You may download our guide for more details

 

  • How to get Turkish citizenship by investment?

 

1.1.                      Cash Investment:

 

  • Real- Estate: The Ministry of Environment, Urbanisation and Climate Change determines that the foreigner has purchased a property in the amount at least USD 250,000 by registering such property to the title deed together with an annotation stating that the property shall not be sold for 3 years,
  • Deposit account at a Turkish bank: The BRSA determines that the foreigner has deposited at least USD 500,000 to the banks operating in Turkey on the condition that such deposit shall be retained for 3 years.
  • Government debt instruments approved: The Ministry of Treasury and Finance determines that the foreigner has purchased sovereign debt instruments in the amount of at least USD 500,000 on the condition of retaining them for 3 years.
  • Realestate investment fund participation share or venture capital investment fund approval: The Capital Markets Board determines that the foreigner has purchased shares in private equity or or venture capital investment fund of at least USD 500,000 on the condition of retaining them for 3 years

 

1.2.                      Business Investment:

  • Employing a minimum number of employees: The Ministry of Family, Labor and Social Services determines that the foreigner provides employment for at least 50 employees
  • Having a minimum paid in capital: The Ministry of Industry and Technology determines that the foreigner has made a fixed capital investment in the amount at least USD 500,000,

 

You may download our guide for more details

 

  • What is the Property Acquisition process for Turkish Citizenship

 

  1. An agreement shall be reached for the property to be purchased. The value of the property must be minimum USD 250,000.
  2. A “property assessment report” shall be obtained by applying to one of the organizations authorized by Board of Capital Markets (SPK) for property assessment.
  3. Application shall be made to the directorate of land registry with the required documents.
  4. The directorate of title deed checks whether the receipt, appraisal report, and the declared values satisfy the criteria required in the directive.
  5. If the required conditions have been satisfied, the title deed fee required to be paid for action and the revolving fund payment shall be communicated to the related person by SMS.
  6. The appointment time to sign the contract after the payment of the fees shall be communicated by SMS.
  7. After the contract is signed and completed, a statement indicating that the property may not be sold for three years shall be registered and the title deed of the property shall be handed over to the landlord.
  8. Following the completion of the transaction, the directorate of land registry sends the transaction documents via the system to the General Directorate/Regional Directorate to issue the “certificate of conformity” for citizenship application.
  9. The ‘certificate of conformity’ issued after the necessary checks have been completed is sent for action to the General Directorate of Census and Citizenship and General Directorate of Immigration Administration with an official letter, and for information to the related individual by e-mail.

You may download our guide for more details

 

 

  • Can a person acquire the property of a company in which he/she is a shareholder, and apply for citizenship?

No, they can’t. The property to be acquired by foreign nationals through actual sale or a sale promise should not be registered to the title of the legal entity of the company that the real person owns or manages.

You may download our guide for more details

 

  • Does the seller of the property matter in the application for citizenship?

Properties sold or subject to a sale promise must be registered in the name of Turkish citizens. Furthermore, they should not be any properties transferred by a foreign real person after 12 January 2017. (Including self, spouse and children of the foreign person who acquires it)

You may download our guide for more details

 

  • Can I purchase multiple properties to apply for Turkish citizenship?

 

Yes, you can.

You may download our guide for more details

 

 

 

  • Can I apply for exceptional Turkish citizenship if I buy some shares of a property?

Yes, as long as the value of the acquired share is minimum USD 250,000.

You may download our guide for more details

 

 

  • Can foreigners owning or shareholding a foreign capital company apply for citizenship with a property owned by the company?

 

The property to be acquired by foreign nationals through actual sale or a sale promise should not be registered to the title of the legal entity of the company that the real person owns or manages.

You may download our guide for more details

 

  • Can I apply for Turkish citizenship with a preliminary contract for sale?

 

An application can be made with a promise that the property would be transferred and released in three years through a notarized contract if minimum USD 250,000 or equivalent amount was paid as down payment for any properties with established commonhold or construction servitude on or after 07 December 2018.

You may download our guide for more details

 

 

  • Is a residence permit required for property acquisition by foreign real persons?

Article 35 of the Land Registry Law No. 2644, amended with the Law No. 6302, specifies that “Provided that legal restrictions are complied with, foreign origin real persons who want to become citizens of the country as defined by the President where required for international bilateral relations and interests of the country may acquire property and limited real rights in Turkey. Real persons who are citizens of a country in the list of specified countries are not required to obtain a separate residence permit to acquire a property and limited real rights.

You may download our guide for more details

Investing a big amount of money online may seem risky. However, due to some reasons such as the outbreak of COVID-19 pandemic, the online investment programs are recommended for investors to invest in other country without leaving their residency country. Infact, we can assist you during the process to make sure.

Upon purchase of property, 4% of the declared real estate value purchase tax shall be paid.
Land registration fees 1000 TL.
After purchase, Mandatory earthquake insurance premiums, +/- 250 TL annually, depending on the type, size and value of the property.
water & electricity connection, including the security deposits, +/- 1000 TL
Between around 600-1000 TL for a survey report, also known as the expert report. For foreign buyers, since March 2019, it is mandatory to obtain a survey report issued by an authorized surveyor company. This report is one of the documents submitted to the land registry when applying to purchase a real estate. This expert report examines the property, determines its market value and the positive and negative aspects of the property that affect the value. This report was made mandatory in March 2019 to protect the interest of foreign buyers in Turkey.

In some countries, property ownership is limited to 99 years, whereas, Ownership in Turkey is lifelong ownership. Foreigners Investors have the right to inherit the property to their families and register the heirs’ file in the housing department in the city in which the property is located and the inheritance system is according to the applicable law.

In Turkey, a property can be owned by one or more persons

  • Joint Ownership (paylı mülkiyet in Turkish): Article 688 of Civil Code regulates the joint ownership. Joint ownership exists where several persons own a share in a real estate which is physically undivided. Unless otherwise stipulated, they are joint owners, each having equal shares. Each owner has the rights and obligations of ownership in respect of his or her share in the real estate, and the said share may be alienated and pledged by him or her or distained by his or her creditors.
  • Co-ownership (elbirliği ile mülkiyet in Turkish): Article 701 of the Civil Code regulates the concept of co-ownership. Co-ownership exists where none of the co-owners can dispose of his or her share without the consent of the others and none of them holds a separate part of the real estate. Unless otherwise stipulated by law, co-owners must unanimously decide for management and disposal transactions. As long as the co-ownership lasts, no separation can be made and no one can dispose of a share.

Condominium Ownership (kat mülkiyeti in Turkish): As per Turkish Condominium Law (“TCL”), condominium ownership is a particular type of ownership on a terrain, which is suitable for separate utilization of multiple divided units as real estate and as savings depending on the land share. It is a private ownership relevant to the land share and to the common areas within the main real estate. According to TCL, independently usable units such as flats, apartments, offices, shops, stores, cellars, storages can be made subject to independent ownerships although constructed over a unified land or building ownership right over the real estate.

There are no general rules or restrictions on repatriation of funds from Turkey under normal circumstances involving a sale of real property provided that the capital gains tax explained under question 8 and 9 above is paid following the transfer of the real estate.

Yes, Foreigners can buy properties in installments; either from installments program offered by project/developer directly, or from a bank after presenting all required documents such but not limited to; copy of personal bank account in the residence country, passport copy, pension sheet/information from buyer’s current job company.

Yes, the vendor can decide to increase or decrease the asking price. In addition, as a prospective buyer you may also decide during the negotiations to decrease your offer. As soon as the vendor makes a counteroffer, your previous offer lapses

  • How much do I need to invest in a real-estate to get Turkish citizenship?

 

You can get the Turkish citizenship by purchasing a property in Turkey that is worth a minimum of $250,000. Your Spouse and kids who are less than 18 years old will also be granted Turkish Citizenship.

You may download our guide for more details

 

 

  • What is the added value of getting a Turkish citizenship?
  • Permanent right of residence
  • Permanent right of work and investment opportunity in Turkey without any limitations
  • Visa-free travel to many countries
  • Simple and short evaluation process for visa applications to many countries
  • All international incentives granted to Turkish citizens with bilateral or multilateral agreements

You may download our guide for more details

 

  • How to get Turkish citizenship by investment?

 

1.1.                      Cash Investment:

 

  • Real- Estate: The Ministry of Environment, Urbanisation and Climate Change determines that the foreigner has purchased a property in the amount at least USD 250,000 by registering such property to the title deed together with an annotation stating that the property shall not be sold for 3 years,
  • Deposit account at a Turkish bank: The BRSA determines that the foreigner has deposited at least USD 500,000 to the banks operating in Turkey on the condition that such deposit shall be retained for 3 years.
  • Government debt instruments approved: The Ministry of Treasury and Finance determines that the foreigner has purchased sovereign debt instruments in the amount of at least USD 500,000 on the condition of retaining them for 3 years.
  • Realestate investment fund participation share or venture capital investment fund approval: The Capital Markets Board determines that the foreigner has purchased shares in private equity or or venture capital investment fund of at least USD 500,000 on the condition of retaining them for 3 years

 

1.2.                      Business Investment:

  • Employing a minimum number of employees: The Ministry of Family, Labor and Social Services determines that the foreigner provides employment for at least 50 employees
  • Having a minimum paid in capital: The Ministry of Industry and Technology determines that the foreigner has made a fixed capital investment in the amount at least USD 500,000,

 

You may download our guide for more details

 

  • What is the Property Acquisition process for Turkish Citizenship

 

  1. An agreement shall be reached for the property to be purchased. The value of the property must be minimum USD 250,000.
  2. A “property assessment report” shall be obtained by applying to one of the organizations authorized by Board of Capital Markets (SPK) for property assessment.
  3. Application shall be made to the directorate of land registry with the required documents.
  4. The directorate of title deed checks whether the receipt, appraisal report, and the declared values satisfy the criteria required in the directive.
  5. If the required conditions have been satisfied, the title deed fee required to be paid for action and the revolving fund payment shall be communicated to the related person by SMS.
  6. The appointment time to sign the contract after the payment of the fees shall be communicated by SMS.
  7. After the contract is signed and completed, a statement indicating that the property may not be sold for three years shall be registered and the title deed of the property shall be handed over to the landlord.
  8. Following the completion of the transaction, the directorate of land registry sends the transaction documents via the system to the General Directorate/Regional Directorate to issue the “certificate of conformity” for citizenship application.
  9. The ‘certificate of conformity’ issued after the necessary checks have been completed is sent for action to the General Directorate of Census and Citizenship and General Directorate of Immigration Administration with an official letter, and for information to the related individual by e-mail.

You may download our guide for more details

 

 

  • Can a person acquire the property of a company in which he/she is a shareholder, and apply for citizenship?

No, they can’t. The property to be acquired by foreign nationals through actual sale or a sale promise should not be registered to the title of the legal entity of the company that the real person owns or manages.

You may download our guide for more details

 

  • Does the seller of the property matter in the application for citizenship?

Properties sold or subject to a sale promise must be registered in the name of Turkish citizens. Furthermore, they should not be any properties transferred by a foreign real person after 12 January 2017. (Including self, spouse and children of the foreign person who acquires it)

You may download our guide for more details

 

  • Can I purchase multiple properties to apply for Turkish citizenship?

 

Yes, you can.

You may download our guide for more details

 

 

 

  • Can I apply for exceptional Turkish citizenship if I buy some shares of a property?

Yes, as long as the value of the acquired share is minimum USD 250,000.

You may download our guide for more details

 

 

  • Can foreigners owning or shareholding a foreign capital company apply for citizenship with a property owned by the company?

 

The property to be acquired by foreign nationals through actual sale or a sale promise should not be registered to the title of the legal entity of the company that the real person owns or manages.

You may download our guide for more details

 

  • Can I apply for Turkish citizenship with a preliminary contract for sale?

 

An application can be made with a promise that the property would be transferred and released in three years through a notarized contract if minimum USD 250,000 or equivalent amount was paid as down payment for any properties with established commonhold or construction servitude on or after 07 December 2018.

You may download our guide for more details

 

 

  • Is a residence permit required for property acquisition by foreign real persons?

Article 35 of the Land Registry Law No. 2644, amended with the Law No. 6302, specifies that “Provided that legal restrictions are complied with, foreign origin real persons who want to become citizens of the country as defined by the President where required for international bilateral relations and interests of the country may acquire property and limited real rights in Turkey. Real persons who are citizens of a country in the list of specified countries are not required to obtain a separate residence permit to acquire a property and limited real rights.

You may download our guide for more details

Investing a big amount of money online may seem risky. However, due to some reasons such as the outbreak of COVID-19 pandemic, the online investment programs are recommended for investors to invest in other country without leaving their residency country. Infact, we can assist you during the process to make sure.

As per the Turkish law, Article 20 of the Regulation on the Trade of Real Estate, published by the Ministry of Customs and Trade on 05.06.2018 in the Official Gazette numbered 30442. Real estate agents can charge as commission, maximum of 4% of the value of the real estate. 

This 4% is usually distributed between the buyer and the seller, (3% from the buyer agent, 1% the seller agent OR 2% equally between buyer agent and seller agent) . 

Prior to investment in Turkey, it is recommended to make sure that the agent does not charge more than a total of 4% from the buyer and the seller.

  • Upon purchase of property, 4% of the declared real estate value purchase tax shall be paid. 
  • Land registration fees 1000 TL.
  • After purchase, Mandatory earthquake insurance premiums, +/- 250 TL annually, depending on the type, size and value of the property.
  • water & electricity connection, including the security deposits, +/- 1000 TL
  • Between around 600-1000 TL for a survey report, also known as the expert report. For foreign buyers, since March 2019, it is mandatory to obtain a survey report issued by an authorized surveyor company. This report is one of the documents submitted to the land registry when applying to purchase a real estate. This expert report examines the property, determines its market value and the positive and negative aspects of the property that affect the value. This report was made mandatory in March 2019 to protect the interest of foreign buyers in Turkey.

In some countries, property ownership is limited to 99 years, whereas, Ownership in Turkey is lifelong ownership. Foreigners Investors have the right to inherit the property to their families and register the heirs’ file in the housing department in the city in which the property is located and the inheritance system is according to the applicable law.

In Turkey, a property can be owned by one or more persons

  • Joint Ownership (paylı mülkiyet in Turkish): Article 688 of Civil Code regulates the joint ownership. Joint ownership exists where several persons own a share in a real estate which is physically undivided. Unless otherwise stipulated, they are joint owners, each having equal shares. Each owner has the rights and obligations of ownership in respect of his or her share in the real estate, and the said share may be alienated and pledged by him or her or distained by his or her creditors.
  • Co-ownership (elbirliği ile mülkiyet in Turkish): Article 701 of the Civil Code regulates the concept of co-ownership. Co-ownership exists where none of the co-owners can dispose of his or her share without the consent of the others and none of them holds a separate part of the real estate. Unless otherwise stipulated by law, co-owners must unanimously decide for management and disposal transactions. As long as the co-ownership lasts, no separation can be made and no one can dispose of a share.
  • Condominium Ownership (kat mülkiyeti in Turkish): As per Turkish Condominium Law (“TCL”), condominium ownership is a particular type of ownership on a terrain, which is suitable for separate utilization of multiple divided units as real estate and as savings depending on the land share. It is a private ownership relevant to the land share and to the common areas within the main real estate. According to TCL, independently usable units such as flats, apartments, offices, shops, stores, cellars, storages can be made subject to independent ownerships although constructed over a unified land or building ownership right over the real estate.

There are no general rules or restrictions on repatriation of funds from Turkey under normal circumstances involving a sale of real property provided that the capital gains tax explained under question 8 and 9 above is paid following the transfer of the real estate.

Yes, Foreigners can buy properties in installments; either from installments program offered by project/developer directly, or from a bank after presenting all required documents such but not limited to; copy of personal bank account in the residence country, passport copy, pension sheet/information from buyer’s current job company.

Yes, the vendor can decide to increase or decrease the asking price. In addition, as a prospective buyer you may also decide during the negotiations to decrease your offer. As soon as the vendor makes a counteroffer, your previous offer lapses

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