How to get citizenship in Turkey through the purchase of real estate in 2023
Today, Turkey is one of the most relevant destinations not only for recreation, but also for permanent residence. The mild climate, favorable location and active economic development make Turkey an attractive place for foreigners to relocate.
A residence permit will help you stay in this country longer, but Turkish citizenship will help you become a full citizen and stay forever.
Golden Visa Program
One of the fastest and easiest ways to get a Turkish passport is to participate in the Golden Visa program. One of the possibilities of the program is the purchase of real estate for a total amount of $400,000, while the cadastral value of the object or objects must be more than $400,000.The investor has the right to choose the number and types of objects. It can be commercial, industrial or residential. It also does not matter whether apartments are bought in a new building or on the secondary market.
The legal basis for obtaining Turkish citizenship by foreigners in this way is provided by the Turkish Citizenship Law No. 5091.The terms for consideration of the application and obtaining citizenship with the collection of all documents vary from 3 to 6 months.
Pros of obtaining a Turkish passport through investment:
· Together with the main applicant for citizenship, close relatives (husband / wife and children under the age of 18) automatically receive a Turkish passport. All others can only get a residence permit.
Turkish citizenship is hereditary.
· No permanent residency required.
· The jurisdiction is in the world's top 20 largest economy.
· Turkish property is rising in price.
· No declaration of assets/income required.
· Turkish law allows dual citizenship.
· The Turkish passport allows you to visit 110 countries without a visa, including Japan, Singapore and Latin American countries. Opportunity to open a Schengen visa for 5 years, as well as to open visas in the US such as E-2, B-1, B-2.
Obtaining Turkish citizenship can open up new opportunities for doing business abroad, opening bank accounts and other economic activities. Turkey is famous for its high-quality social and medical services for the population, a decent level of educational institutions.
Do not forget about the good location, proximity to the seas and comfortable climate. The average annual temperature in Turkey is 16℃ warm.
Which authorities to apply for Turkish Citizenship by Investment?
To consider applications for obtaining Turkish citizenship through real estate investment can:
Provincial Civil Registry Office.
General Directorate of Civil Registry.
Foreign diplomatic missions of Turkey (embassies, consulates general, consulates).
You can apply to any of the above immigration authorities. Submission of an application through a diplomatic mission does not exempt from the need to visit the country at least once (to obtain a resident card).
Provincial Civil Registry Office.
General Directorate of Civil Registry.
Foreign diplomatic missions of Turkey (embassies, consulates general, consulates).
You can apply to any of the above immigration authorities. Submission of an application through a diplomatic mission does not exempt from the need to visit the country at least once (to obtain a resident card).
What documents do you need to collect to obtain citizenship?
A distinction should be made between general documentation and documentation specific to the particular financial path that has been chosen as citizenship.
Conditions and documents for obtaining citizenship by purchasing real estate from $400,000.
After collecting all the general documents, you must contact the relevant department with the documents to obtain a certificate of suitability. After receiving the certificate - appeal to the immigration authorities with general and additional documents. This is followed by the waiting for an application-petition for a foreigner to obtain Turkish citizenship for real estate and an application that is signed personally by the applicant for citizenship or by an agent with a power of attorney.
The authorities appoint an independent appraiser to confirm the reasonable price of the property. Previously, real estate sellers, including developers, could independently choose appraisers, today such a practice is prohibited.
Which authorities issue documents?
The certificate is issued by the Ministry of Environment and Urban Development.
A real estate appraisal report is issued by a government-appointed appraiser with a valid license. The market price of real estate purchased for citizenship is indicated.
A certified copy of the real estate registration act in the land cadastre is issued by the land cadastre authority.
Important! The basis for determining the price of real estate is the current selling rate of the Central Bank of Turkey on the closing date of the transaction. After June 13, 2022, the current minimum cadastral value for obtaining citizenship through the purchase of real estate is $400,000.
Prohibitions for obtaining citizenship through the purchase of real estate:
· Purchase of real estate issued in joint ownership (shared ownership).
You can apply to any of the above immigration authorities. Submission of an application through a diplomatic mission does not exempt from the need to visit the country at least once (to obtain a resident card).
To start the process of obtaining citizenship by investment, you need to fill out a preliminary application form, attaching the necessary documents, which take into account all the financial conditions of the chosen method of obtaining citizenship.
The pre-application form covers the investor's personal information. By completing the application, you consent to the Turkish government having access to your personal information.
What documents do you need to collect to obtain citizenship?
A distinction should be made between general documentation and documentation specific to the particular financial path that has been chosen as citizenship.
General documents for Turkish citizenship by investment: a copy of the foreign investor's passport, a copy of the resident card, a letter of consent, a receipt for paying the fee for the relevant public service (the fee is 15 Turkish lira). All documents must be notarized and translated into Turkish.
Conditions and documents for obtaining citizenship by purchasing real estate from $400,000.
After collecting all the general documents, you must contact the relevant department with the documents to obtain a certificate of suitability. After receiving the certificate - appeal to the immigration authorities with general and additional documents.This is followed by the waiting for an application-petition for a foreigner to obtain Turkish citizenship for real estate and an application that is signed personally by the applicant for citizenship or by an agent with a power of attorney.
The authorities appoint an independent appraiser to confirm the reasonable price of the property. Previously, real estate sellers, including developers, could independently choose appraisers, today such a practice is prohibited.
Which authorities issue documents?
The fitness certificate is issued by the Ministry of Environment and Urban Development.
A real estate appraisal report is issued by a government-appointed appraiser with a valid license. The market price of real estate purchased for citizenship is indicated.
A certified copy of the real estate registration act in the land cadastre is issued by the land cadastre authority.
Important! The basis for determining the price of real estate is the current selling rate of the Central Bank of Turkey on the closing date of the transaction. After June 13, 2022, the current minimum cadastral value for obtaining citizenship through the purchase of real estate is $400,000.
Prohibitions for obtaining citizenship through the purchase of real estate:
• Purchase of real estate registered in joint ownership (shared ownership).
• Purchase of real estate registered in joint ownership (shared ownership).
Use the purchase of a particular property as a reason to apply for an economic citizenship program several times.
• Acquisition of real estate transferred by the applicant to a Turkish citizen or company during the previous 3rd period.
• Making a purchase for a legal entity in order to apply for citizenship as a shareholder of the company that bought the property.
• Use of a mortgage if the buyer's own funds do not cover a minimum of $400,000 of the purchase price.
Terms of obtaining Turkish citizenship. After collecting all the necessary documents, purchasing real estate and reviewing the papers by Turkish officials, the duration of the procedures fits in approximately 6 months.
Important! In modern realities, immigration policy is constantly changing. Seeing the demand for the Golden Passport, the Turkish authorities are gradually tightening the requirements for foreigners.
In the summer of 2023, Turkish presidential elections will be held. There is a possibility of increasing the investment threshold. Until the summer of 2022, in order to obtain Turkish citizenship, the minimum cadastral value of real estate investments started at $250,000. Now buyers need more than $400,000.
Hurry up to buy real estate on favorable terms. Contact us, and the managers of our Kare Real Estate agency will help resolve any issue.
