Turkish Citizenship by Investment

According to the new arrangement, should only one real estate be bought for 400 thousand Dollars or may it be more than one. If yes, where should I carry out the procedures for title deeds taken from different title deed offices ?

Yes, total amount of one or more than one title deeds should be 400 thousand dollars or more. Requests involving real estates within the field of authority more than one Title Deeds Offices are carried out by the title deeds office where the application is made within the scope of title deeds transactions outside the field of authority.

Making fixed capital investment in the amount of at least 500.000 US Dollars or correspond to foreign currency or equivalent amount of Turkish Lira.

Purchasing at least Turkish Citizenship by Investment 400.000 US Dollars or correspond to foreign currency or equivalent amount of Turkish Lira in accordance with immovable title deeds for three years.

Employing 50 personnel.

Depositing at least 500,000 US Dollars or correspond to foreign currency or equivalent amount of Turkish Lira to the banks operating in Turkey, with the conditions of keeping for at least 3 years.

Purchasing government debt instruments at least 500,000 US Dollars or correspond to foreign currency or equivalent amount of Turkish Lira, provided that keeping for three years.

Purchasing real estate investment fund participation share or venture capital investment fund participation amount at least 500,000 USD or equivalent foreign currency or equivalent Turkish Lira with the condition of keeping at least 3 years.

I have title deeds equal to 400 thousand Dollars which were bought before the arrangement on Turkish Citizenship by investment, can apply for citizenship ?

If you bought the house before the announcement in the Official Gazette, you can apply through the old law.

My friend will transfer his real estate in the value of 400 thousand Dollars to me, can I apply for citizenship in this way?

In new applications for Turkish citizenship, sales price must be transferred through bank and it must be certified by the banks with receipts indicating that such amount is withdrawn from the buyer’s account and deposited to the seller’s account.

I have properties which are bought previously, can we apply for Turkish citizenship for all my family if I transfer such properties to my wife ?

No, the properties which are subject to acquisition in that respect should not be registered in the name of any foreign real person including the spouse or children of the person and they should not be one of the properties which were transferred by the person, his wife or children after 12.01.2017.

I bought a property in the value of 400 thousand Dollars with a bank loan, there is mortgage on my title deed placed by the bank. Can I apply for citizenship with this title deed ?

In the event that the property to be acquired is subject to mortgage or bought with a mortgage, the amount excluding the mortgage amount is taken into consideration in determining the required value.

I have title deeds equal to 250 thousand Dollars which were bought before the arrangement on Turkish Citizenship by investment, can I apply for citizenship ?

If you bought the house before the announcement in the Official Gazette, you can apply through the old law.

I bought the property in the value of 400 thousand Dollars at the title deeds office, but I did not put an annotation to the title deed since I did not know about it. What should I do now ?

If there is a request on the properties for which acquisition process is completed; in other words for the properties which were acquired after 12.01.2017 and do not have an annotation on the official deeds; a registration request document is drawn up by the title deed where the application was made and necessary indication is done in the declarations section of the related properties if the investor requested that related statement is registered.

I bought my property for 400 thousand Dollars after the law is passed, but appraisal value is higher, can I apply for citizenship ?

No, the sales price on the title deed cannot be less than the price on the assessment report. The value of the property or properties in US Dollars is calculated based on the effective selling rate of the Republic of Turkey Central Bank on the date of the transaction. (If it is not announced yet on the transaction date, the effective selling rate of the previous day is taken as basis.) For the properties for which acquisition process is completed, the price on the official deed and assessment report should be above the amounts determined in the Regulations.

I want to be a Turkish citizen by making real estate investment in Turkey. The price of the house I am going to buy is around 300 thousand Dollars. Can I apply for citizenship by indicating that it is 400 thousand Dollars at the title deeds office ?

No, real estate value assessment report indicating the market value of the property approved by an assessment organization operating within the scope of Free Market Board is required while determining the price of the real estate. The assessment report submitted during acquisition should have been drawn up at least three months before the application date. This assessment report will be valid until the transaction is completed. For the real estate for which acquisition process is completed, assessment report drawn up according to the acquisition date is required.