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Acquisition of turkish citizenship by investment

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Nationality Decisions

2018 September
1

Naturalization law damasturk

Turkey president issued a decision that grants citizenship to foreign property owners starting from 19.09.2018
(property value 250.000 $)

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2018 December
2

Property Under Construction damasturk

A new amendment grants Turkish citizenship to foreign (under construction) property owners starting from 19.09.2018
(property value 250.000 $)

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2019 March
3

Palestinians Ownership damasturk

A new decision issued grants the right to property and the Turkish citizenship to Palestinians who hold a travel document

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2022 June
4

Naturalization Law damasturk

A new presidential decision includes amendments to obtaining Turkish citizenship in return for buying a property in Turkey worth $400,000, to be implemented on June 13, 2022

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Stages of obtaining the Turkish citizenship and the needed documents for it

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To obtain
Turkish
Citizenship
damasturk 6-3
Months

*Papers must be brought from the investor's country

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Strength of the Turkish passport

  • The Turkish passport is ranked 37th in the world in 2021
  • Ease of obtaining a Schengen visa to enter the EU
  • Ease of obtaining the American green card
  • Entry to 72 countries without a visa and 51 countries with a visa at the airport
  • Free education for children and benefit from retirement programs
  • The right of voting to all types of elections
  • Dual nationality is permitted with any other country

The most prominent countries that do not need a visa

South Korea

South Korea

Singapore

Singapore

Japan

Japan

Russia

Russia

Turkish passport - its ranking and privileges

In light of Turkey's rapid expansion and the instability that many countries are experiencing, many investors have resorted to gaining Turkish citizenship in order to protect their living circumstances for themselves and their children, as well as to enjoy freedom of movement between other countries, where the Turkish passport holds advanced rankings owing to the pace of its predicted advancement in light of the Turkish Republic's strategic intentions.

According to the Henley Passport Index for the year 2022, the Turkish passport is one of the finest passports in the world, ranking 50 out of 199 countries, and entitles its possessor to entry and stay in several countries without difficulty. We do not rule out the possibility that one day, with the Turkish government's attitude to cementing diplomatic connections, economic growth, and ongoing development, the Turkish passport will be among the top 10 in the world.

Furthermore, if Turkey's plans to join the European Union and the Schengen area are realized, Turkish passport holders will be allowed to travel to the majority of countries inside and outside of Europe without a visa.

Investing in Turkey offers you the opportunity to become a Turkish citizen !

Beautiful vistas, being near the sea, wonderful cuisine, and being surrounded by kind and friendly locals are all part of life in Turkey. When compared to the people of many other nations, the Turkish people live a dynamic and prosperous lifestyle.

Turkey is also a country of tremendous regional and global significance since it is located at the crossroads of Europe and Asia. It is a vast intercontinental country strategically positioned and surrounded by three seas, with a geographic location that allows it to communicate with important markets via well-developed transportation routes, making it a popular tourist destination.

Who wouldn't want to live in a continental country with all of the aforementioned benefits? Not to mention the fact that, thanks to recent citizenship initiatives, entering Turkey is no longer a demanding challenge. Furthermore, the business opportunities for expats in Turkey are pretty huge, and investing in Turkey is definitely advantageous.

Back to 2016, the government of Turkey unveiled a citizenship-by-investment program allowing for the acquisition of Turkish citizenship by investment , and it initiated the program in late January 2017 to encourage foreign direct capital and enhance the country's real estate market.

And when the Turkish citizenship by investment in real estate program was first announced, the government estimated that the admittance fee would be at least $1 million. As a result, few investors were interested. The Turkish government reduced the required investment to $250,000 in mid-2019 after discovering that the amount assigned was a bit too high. Consequently, Turkey is now one of the market's lowest-cost to acquisition of Turkish citizenship by investment programs.

Following the latest legislative amendments, the Turkish Republic has begun to grant citizenship to those who invest in Turkey without requiring a minimum period of residency. The option to acquisition of Turkish citizenship by investment has grown even more appealing since the minimal investment amounts were dropped, as mentioned above, and the entire procedure may now be completed in 2–3 months.

Reasons motivate foreigners to seek Turkish citizenship

For a variety of reasons, including the following, foreigners may endeavor to obtain Turkish citizenship:

  • The facilities that Turkey provides to foreign investors and their families have significantly raised demand for Turkish citizenship.
  • Numerous businessmen and investors seek Turkish citizenship in order to take advantage of the opportunities presented by Turkey's prosperity, economic expansion, and commercial activity.
  • lifelong citizenship with the ability to pass it on to their children.
  • Exemption from national duty for those who acquired Turkish citizenship after the age of 22. 
  • The right to enjoy full citizenship privileges, including the ability to run for office and cast a ballot in any Turkish election.
  • The right to enjoy all services provided to Turkish citizens of origin, such as health care and education, among many others.
  • Turkish citizens are eligible for the Turkish pension system after turning 60.
  • The ability to practice a variety of occupations that are off-limits to foreigners, including law, medicine, and pharmacy.
  • The possibility of finding work in the public sector, as well as several options for real estate investment and ownership.
  • If a foreigner has citizenship, he or she can invite his or her family members and provide for their visas to travel to this lovely tourist destination.

Passport types in Turkey 

  • Turkish passport in red 

It is available to all Turkish nationals and foreigners who have earned citizenship. It is known as a "regular" or "public" passport. This passport is granted by the Passport department of the Ministry of Interior or by Turkish consulates worldwide.

  • Turkish passport in green 

According to the degree of kinship, it is the passport given to those who work for the government and their families. Most countries do not require a visa for entry or leave for those possessing green passports. Former members of the Turkish Grand National Assembly, former ministers, former government employees, and their offspring are all eligible for the green passport.

  • Turkish passport in black 

It is referred to as a diplomatic passport and is a sort of international identification document issued by the interior ministry. Its holder is not required to get a visa in order to enter any country on the globe. Members of the Turkish Parliament, ministries, the head of religious affairs, mayors, city governors, the republic's president, and former ambassadors are all eligible for this black passport.

  • Turkish passport in gray 

This passport is issued to those who work for the government abroad or represent Turkey in international organizations, as well as to youngsters above the age of 25.

Factors that determine the strength of the Turkish passport

Several factors, including the following, are used to evaluate the strength of the Turkish passport:

  • The number of countries that Turkish passport holders can enter visa-free as well as the maximum time stay allowed.
  • The number of countries for which visas may be obtained online.
  • The number of countries that provide visas upon arrival.

Visa-free countries for Turkish passport holders and the maximum stay duration

A person holding a Turkish passport is eligible for visa-free travel to 54 countries, with stays ranging from one to three months. These countries are:

Palestine - Jordan - Iraq - Lebanon - Libya - Qatar - Syria - Tunisia - Morocco - Argentina - Albania - Sultanate of Oman - Bosnia and Herzegovina - Bolivia - Belarus - Chile - Brazil - Botswana - Dominica - Costa Rica - Colombia - Georgia - El Salvador - Ecuador - Honduras - Haiti - Guatemala - Kazakhstan - Kyrgyzstan - Iran - North Korea - Japan - Jamaica - Malaysia - Macedonia - Kosovo - Mongolia - Moldova - Mauritius - Panama - Nicaragua - Montenegro - the Philippines - Peru - Paraguay - Singapore - Serbia - Russia - Ukraine - Thailand - South Africa - Venezuela - Uruguay.

Visa-on-arrival countries for Turkish passport holders

Bahrain - Kuwait - Armenia - Comoros - Mauritania - Sudan - Madagascar - Azerbaijan - Djibouti - Guinea - Indonesia - Cambodia - Nepal - Mozambique - Maldives - Togo - Tanzania - Tajikistan – Timor Leste - Zambia - Uganda - Ivory Coast.

Online-visa countries for Turkish passport holders

The following countries—Mexico, Pakistan, Sri Lanka, Myanmar, Rwanda, and Australia—issue electronic visas to holders of Turkish passports within two days.

Many countries, including 25 countries in the European Union, need Turkish passport holders to get entrance visas.

Advantages of the Turkish passport

The holder of a Turkish passport can benefit from the following advantages:

  • Foreigners whose home countries are going through economic and political upheaval might profit from the Turkish passport's arrangements in terms of travel, investment, and daily life. 
  • 110 nations across the world allow entry without a previous visa for those having Turkish passports
  • The ability to enter six countries with an electronic visa within 48 hours. 
  • The ability to obtain a visa upon arrival at an airport or border crossing for 44 countries.

Turkish citizenship and property acquisition

A foreign investor who has purchased a property for sale in Istanbul , Antalya , or Bursa for example, and that property worth at least 250,000 USD in foreign currency or Turkish lira, as determined by the Ministry of Environment and Urbanization, can apply for Turkish citizenship if an annotation is made in the land registry records stating that it will not be sold for three years. Before purchasing real estate, a real estate valuation report indicating the market value of the real estate should be issued by real estate assessment agencies licensed by the Capital Markets Board and the Banking Supervision Board. The date of issuance of this appraisal report, presented as part of the application for the purchase of real estate, must be at least 3 months prior to the application date.

However, if you are a foreigner intending to buy an apartment for sale in Trabzon , Turkey, or any other kind of properties, like commercial properties ; offices, villas , or even a luxury penthouse in any part of Turkey , including Istanbul , Antalya , Ankara, Kocaeli, or Sakarya , you should be aware of the following:

  • Foreign investors are not required to get a residence permit in order to purchase real estate in Turkey. Furthermore, under Law No. 6458 on Foreigners and International Protection, foreigners who buy property in Turkey are allowed to renew their short-term resident permits.
  • The transfer of property is not conferred by preliminary real estate contracts issued by notaries or signed by natural people in writing. These preliminary agreements solely act as a guarantee for the transfer of ownership; the property in question does not pass through such documents.
  • Prior to initiating processes at the appropriate land registry directorate, check for any burdens such as mortgages, liens, and similar sorts of limitations that may exist with reference to the property that would hinder its sale.
  • Property inquiries may be made online at parselsorgu.tkgm.gov.tr, where particular information such as the city, district, quarter/village, map section, and plot can be utilized to locate the property. Basic information about the real estate property, including its present status, is therefore available online. However, the owner's personal information is nevertheless unavailable.
  • Investors wishing to purchase real estate in Turkey must file a joint application with the property's owner to the General Directorate of Land Registry and Cadastre. They can also phone the 181 Call Center, which is open 24 hours a day, or browse randevu.tkgm.gov.tr to schedule an appointment without having to attend to the directorates' offices in person.
  • Property ownership titles can only be authorized when they have been registered with the land registry directories. This is a typical blunder.
  • Turkish firms with foreign money must first file an application with the Provincial Directorate of Planning and Coordination (PDPC) at the local governor's office where the real estate is located. Firms should next apply to the Land Registry Directorate if they receive a positive response from PDPC. These firms can apply in person, by correspondence, or by e-mail.

General Information About Turkish Citizenship By Investment : 

When it comes to real estate purchases in Turkey, the term "foreigner" is classified into three subgroups:

  • Foreign natural individuals
  • Foreign legal individuals ​
  • Foreign-capitalized Turkish firms

Acquisition of real estate by foreign natural and legal persons is governed by Article 35 of Law No. 2644 on Land Registry. Article 36 outlines the rules for corporations with foreign ownership.

The Cabinet of Ministers determines which countries' citizens are entitled to buy real estate in Turkey, and may also impose extra requirements for acquisitions if considered essential.

Legislation governing foreign investors' citizenship

The Turkish Citizenship Law No. 5901, the Regulation on the Implementation of the Turkish Citizenship Law, the Foreigners and International Protection Law, and Presidential Decision No. 106 and 418 all contain provisions governing the acquisition of Turkish citizenship by investment for a foreign investor.

Whereas, article 12 of the Turkish Citizenship Law states that:

  • Foreigners, as defined below, may be granted Turkish citizenship at the President's decision if there is no threat to national security or public order, including:
    • Foreigners who founded industrial activities in Turkey or who have performed or are thought to have done exceptional service in the social or economic fields, or in the domains of science, technology, sports, culture, or arts;
    • Foreigners who hold a short-term residency permit under the Foreigners and International Protection Law's Article 31/1(J);
    • Foreigners who hold a Turquoise Card, as well as their foreign spouse and underage or dependent foreign children or spouse.

Citizenship requirements for a foreign investor with a short-term residence permit

Article 31/1-j, headed "Foreigners' Short-Term Residence Permit and International Protection Law," states the following: 

“Those who do not work in Turkey but plan to make investments within the scope and quantity set by the President, as well as their foreign spouse, underage or dependent foreign children, or spouse, shall be entitled to apply for a short-term residence permit.”

As shown above, not everyone who invests can acquisition of Turkish citizenship by investment as a result of their investment in a duplex apartment for sale in Istanbul , for example. These investments must meet specific criteria or surpass particular financial thresholds. The investment has to be within the scope and volume designated by the President, according to the Foreigners' and International Protection Law. Presidential Resolution No. 418 established the scope and quantity of the investment required from foreigners to become Turkish citizens and acquisition of Turkish citizenship by investment .

According to Presidential Decision No. 418, foreigners can get Turkish citizenship by investment after filing an application according to the President's decision if they meet any of the following conditions:

  • Obtaining citizenship by fixed capital investment

A foreign investor who has made a fixed capital investment of at least 500,000 USD or its equivalent in foreign currency or equivalent in Turkish lira, as decided by the Ministry of Industry and Technology, may obtain Turkish citizenship. Purchasing real estate on its own does not qualify as an investment in this category. An investment in fixed capital should be an investment in the production of commodities and services. As a result, it should include factory-related components. Machinery, gear, buildings, and land are only a few examples.

  • Acquiring citizenship through real estate investment

If a pledge is made in the land register records stating that the property will not be sold for three years, a foreign investor who purchases real estate worth at least 250,000 USD (or equivalent in foreign currency or Turkish lira) can apply for Turkish citizenship.

  • Citizenship by offering job opportunities

A foreign investor who employs at least 50 people is eligible to obtain Turkish citizenship as determined by the Ministry of Family, Labor, and Social Services.

A foreign investor who has invested at least 500,000 USD or equivalent in foreign money or Turkish lira in Turkish banks for three years, as decided by the Banking Regulation and Supervision Agency, can obtain Turkish citizenship. The bank where the investment will be made must be based in Turkey. Citizenship cannot be obtained by depositing money into a deposit account opened in a branch, affiliate, or representative office of a bank based in Turkey. The deposit must be in a CBRT-approved convertible foreign currency or precious metal.

For three years, a foreign investor can get Turkish citizenship if he possesses government debt instruments worth at least 500,000 USD or comparable foreign currency or Turkish lira, as determined by the Ministry of Treasury and Finance.

A foreign investor who has paid at least 500,000 USD or equivalent in foreign currency or equivalent in Turkish lira for a stake in a real estate investment fund or venture capital investment fund can obtain Turkish citizenship as determined by the Capital Markets Board.

These monetary restrictions are calculated using the Central Bank of the Republic of Turkey's effective selling rate and/or cross exchange rate on the calculation date.

Who is eligible to apply for a Turkish passport?

There are several groups who are eligible to apply for a Turkish passport, including:

  • Turkish citizens and those who have been married to a Turkish citizen for at least three years.
  • Foreigners who acquire Turkish citizenship through owning property, making bank deposits, or making direct investments.

It is noteworthy that the Directorate of Land Registry and Real Estate Survey reported that 17,968 investors in real estate from 122 different countries acquired Turkish citizenship between the beginning of 2017 and the middle of 2021.

Passport fees in Turkey

Following a 36% rise from the year prior, costs for Turkish passports in 2022 are listed below according to the length of validity:

Fees in Turkish lira

Duration

534

Passport fee for 6 months

677

Passport fee for 1 year

963

Passport fee for 2 years

1274

Passport fee for 3 years

1703

Passport fee for more than 3 years

Service and special "green" passports are exempted from fees.

How to get a Turkish passport

  • First: You must book an appointment by calling the number 199 or through the official website of the Turkish Passport Department. 
  • Second: Obtain a receipt for the Turkish passport issuance fee by paying the passport fee through one of the PTT branches.
  • Third: Take the required documents and go to the Passport Department on the date and time specified when booking the appointment.

Documents needed to apply for a Turkish passport

  • 3 biometric personal photos taken within the last 6 months.
  • A copy of the Turkish identity card.
  • Receipt of passport issuance fees.
  • The application form with all of the applicant's accurate information on it.
  • Proof of residence (a document that may be downloaded from the e-government portal and contains information on the applicant's housing).

How long does it take to issue a Turkish passport? 
The Turkish passport does not take long to extract, and the status of the passport can be tracked on the website of the General Directorate of Population and Citizenship Affairs or via the E Devlet application on the cell phone. 

The passport might be delivered within 2–7 working days from the date of submitting the application by PTT to the specified address. Sometimes when it is not possible to deliver the package to the address mentioned in the application, it can be taken from the nearest PTT branch within 10 days. Yet, please know that if the package is not received in the specified period (10 days), it will be returned to the department concerned.

The procedure for foreign investors to consider

  • Obtaining a "Certificate of Conformity" from the competent entity stating that at least one of the investments indicated in Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law has been fulfilled. This certificate is acquired to confirm that the foreigner's investment is in proper conditions to make the investor eligible to benefit from Turkish citizenship . The sort of investment made or to be made by the foreigner determines how and where the certificate of compliance should be acquired.
  • Obtaining a “short-term residency permit" under the Foreigners and International Protection Law's Article 31/1-j is required to get a residence permit for foreigners staying in Turkey for longer than ninety days or the duration given by the visa or visa exemption. According to Turkish legislation, there are a variety of residency permits based on the grounds for one's entry and stay in Turkey. A short-term resident permit is the sort of residence permit that an investor must get in order to achieve citizenship. If a foreigner wishes to apply for a temporary residence permit in Turkey, he or she must first enter the country with a valid visa or visa exemption and then apply for a short-term residence permit online to prolong his or her stay.

A foreign investor can apply for a short-term residency permit without having to enter Turkey. Investors can also use the e-residence system to apply for a short-term residency permit. The appropriate documentation must, however, be presented to the General Directorate of Migration Management in this circumstance.

From outside Turkey, applications for residence permits are submitted to Turkish consulates in the countries where the foreigner is a citizen or lawfully resides.

Foreigners applying for a residence permit must have a passport or passport replacement that is 60 days longer than the residence permit sought. Applications must be completed within 90 days of the application date.

  • Submitting a citizenship application: The final step is to apply for Turkish citizenship after receiving a short-term resident permit and a "certificate of conformity" declaring that the investment qualifies for citizenship. In addition, the investor may apply on behalf of family members. This application, however, can only be made for his/her spouse and minor children under the age of 18.

Foreigners' applications for citizenship are assessed by a commission created by the appropriate ministries and presented to the President for approval. The President has the last say on whether or not to grant citizenship.

When applying for a certificate of conformity, a short-term residency permit, or citizenship, a great amount of information and documents must be fully prepared. If any of the needed application papers are missing, your application may be refused, or it may take some time to complete the missing paperwork. 

All procedures for obtaining a short-term residence permit, receiving a residence permit card, obtaining a certificate of conformity, and all necessary steps for a citizenship application can be completed remotely with a special power of attorney, without the foreigner having to visit Turkey in person. damasturk's professional team will take all the required precautions to complete all transactions on your behalf as quickly as possible.

The benefits of the Turkish citizenship-by-investment program

Acquisition of Turkish citizenship by investment program comes with a slew of advantages. The following are some of the intriguing advantages :

  • You and your family can live, work, and study in Turkey with a Turkish visa. For example, you may make money from your real estate property by renting it out or selling it. Furthermore, if you want to relocate with your family, you can alleviate your concerns regarding your children's education. Because the visa is valid for the entire family, you and your children will have access to the Turkish educational system and a high-standard lifestyle.
  • The fastest way to gain Turkish citizenship is to invest in the country. For example, after investing $250,000 in shops for sale in Turkey , you may obtain a Turkish passport in less than two months after filing your application. Of course, investing in any kind of properties will do it.
  • The applicant is permitted to bring his spouse, dependent children (under 21), and dependable parents with him. Furthermore, all members have access to free healthcare services, much like the local Turkish population.
  • Citizens of Turkey can apply for a Schengen visa quickly and simply if they have all of the necessary documentation. In addition, numerous other countries have bilateral visa-free travel arrangements with Turkey.  Countries like Hong Kong, Singapore, Japan, Mexico, South Korea, and nearly the whole continent of Latin America are among them.
  • If you wish to relocate to the US, you can easily apply for an E-2 investor visa to enter the country. The two countries have a treaty agreement for the USA's E-1 and E-2 Investor Visas.
  • Furthermore, if you choose to relocate to the United Kingdom, you have a good bargain. If you desire British citizenship, all you have to do is apply for a business person visa and wait for it to be granted.
  • As a Turkish citizen, you can take advantage of the Ankara Agreement, which permits Turkish citizens to work, open a business, and permanently relocate to an EEC (European Economic Community) country. Although a visa is necessary, the application process is more straightforward than in other nations.
  • A person does not have to stay in Turkey for a specific amount of time before or after receiving a visa. Furthermore, even if you are unfamiliar with the local Turkish language, you will be OK.
  • It is allowed to have two passports in Turkey. If you receive a Turkish passport as an investor, you can preserve your current nationality. Dual citizenship is possible, but only if both countries' nationality regulations allow it, and if your existing place of citizenship does not allow dual citizenship, you must give up your current citizenship before applying for a Turkish passport.

Requirements for acquiring Turkish citizenship by investment

To gain Turkish citizenship as an investor, there are no residence requirements. This implies that you may get a Turkish passport 6 months after making a financial commitment, even if you have never lived in Turkey. However, to be eligible for citizenship, the applicant must meet one of the following investment requirements:

  • Buy a property with a minimum value of USD 250,000. It's worth noting that it is possible to acquire numerous properties that total $250,000 or more. However, the properties, in this case, must be in the same neighborhood.
  • Contribute a minimum of USD 500,000 in fixed capital.
  • Make a deposit of at least USD 500,000 (or the equivalent in foreign currency or Turkish lira) into a Turkish bank account.
  • Invest at least USD 500,000 (or comparable foreign cash or Turkish lira) in government bonds.
  • Make an investment of USD 500,000 (or comparable foreign cash or Turkish lira) in a real estate investment fund or a venture capital investment fund.
  • Create at least 50 jobs, as determined by the Ministry of Family, Labor, and Social Services.

Investing in real estate makes the most sense for overseas investors. It not only requires less money, but its worth is expected to rise in the next few years. And it can also be rented or sold.

New regulations for Turkish citizenship by investment 

The conditions for getting Turkish citizenship by investment have changed significantly as of March 23, 2021. These new regulations have imposed a considerable additional barrier for international investors, as getting Turkish citizenship through real estate investment procedures now demands considerably more due diligence.

The following are the most recent changes:

  • It was already illegal to buy real estate from a foreigner prior to these changes. Foreign investors who want to get Turkish citizenship must acquire real estate from Turkish individuals, and this restriction remains in effect. There is now an extra law prohibiting foreigners from purchasing real estate from their spouses and children. According to the actual sense of the new law, a Turkish citizen married to a foreigner will not be able to sell his or her real estate to a foreign investor seeking Turkish citizenship. Furthermore, a foreign investor will now have to verify whether or not the Turkish property owner is married to a foreigner, which sounds uncomfortable for both parties.
  • If a foreigner sells a real estate property to a Turkish person, who subsequently sells it to a new foreign investor, it is not an issue for the last investor, and he or she can utilize that real estate to apply for citizenship. Regardless, there is a new and critical constraint on this option currently: If the previous foreign property owner (the one before the Turkish property owner) shares the same nationality as the eventual foreign property owner (the last investor), the last investor will be unable to use the property for citizenship purposes, even if he or she purchased the property from a Turkish person. However, there is one more requirement for this limitation to be effective: the former foreign property owner and the Turkish property owner must have sold after January 12, 2017. If the initial property transfer occurred before that date, there would be no issues for the last investor.
  • If a foreign investor purchases real estate from a Turkish firm, no one of the investor's nationality should be among the company's partners. That is, the investor must investigate the partnership structure of the Turkish real estate company from which he or she purchases real estate. Previously, this prohibition applied exclusively to enterprises in which the investor, his or her spouse, or children were partners. The restriction's reach has now been enlarged.
  • The real estate that has previously been utilized as an acceptable investment for a citizenship application cannot be used for a subsequent citizenship application. However, if only a portion of that real estate is utilized for citizenship purposes, that portion will no longer be eligible, but other portions will.
  • If the real estate utilized for the citizenship application is transferred to the original owner again after the three-year blocking period expires, the Turkish Citizenship Office may launch an investigation to determine if the transaction was prepared fraudulently between the parties. If Turkish officials determine that the transaction was planned and dishonest, they have the authority to retrospectively cancel the citizenship.
  • Preliminary real estate sale agreements, as is well known, are considered viable investments for Turkish citizen applications. These agreements are formed for real estate developments that are still under construction and cannot be sold yet. If the preliminary real estate sale contract was utilized for citizenship purposes and the real estate project is not finished before the three-year blocking period expires, the investor may sell (transfer) his or her contract to a third party (another investor). This usually has no negative impact on the foreign investor's citizenship procedures. The new limits, however, transformed the situation. If such a sale takes place, the Turkish Citizenship Office can launch an investigation into the transaction to see if it was a pre-arranged fraudulent transfer between the parties. If Turkish authorities determine that the transfer of the preliminary real estate sale contract was prepared and dishonest, citizenship may be revoked retrospectively.
  • During the sale of real estate, the foreign investor must confirm that no erroneous or forged documents have been filed, and if there are, he or she will be held entirely responsible. In fact, even without such a declaration, the Turkish authorities had the legal authority to revoke a foreigner's Turkish citizenship if he or she submitted an inaccurate or fraudulent certificate. The Turkish authorities, however, generate the evidence by imposing such a declaration.

Procedures and timeframes for the Turkish citizenship by investment program

The following information will assist you in understanding the procedures for applying for Turkish citizenship.

After the applicant has decided how he wants to invest in Turkey, he must submit an application for a residency permit. It normally takes 3 to 4 months to complete the procedure. The greatest feature is that you don't have to be physically present in the country to conduct an interview or obtain documents.

The next step is a little more time-consuming. You will be asked to complete a significant amount of documentation. Notary certifications, official translation (if required), and so on; the process will undoubtedly consume a substantial amount of your time.

Furthermore, whether you choose real estate, job development, or capital investment, the process is quite similar. Here are the measures to take concerning the real estate investment method.

  • First and foremost, you must get a new Turkish Tax ID number. The legal system will not allow you to proceed with a property acquisition unless you have a tax ID. Open a bank account in the country once you obtain your tax number.
  • Second, choose the property you wish to purchase. At this point, you'll start filling out all of the paperwork.
  • Then, you must get a certificate of eligibility, which will be granted only after you have qualified for the Turkish citizenship by investment program. The applicant must apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
  • To begin the application process, a person must be a legal resident. As a result, obtain your residence permit as soon as you buy Turkish real estate. It will be sent to you on the same day you submit your application.
  • Finally, once all of the documentation has been completed and verified by an expert, you will proceed to the last step of submitting your paperwork (all papers and application forms) to the Provincial Directorate of Census and Citizenship.

At the end, you have to know that each of these tasks may be completed in less than 24 hours, and you do not need to be physically present in the country. However, if you are available in Turkey when you drop off the documents and return home with the title deed, you will receive your ten-year passport within three to four months of filing your application. Imagine how fascinating that would be!

Finally, we hope, dear reader, that we have answered all your inquiries about the Turkish passport, its arrangement, its privileges, and the promising opportunities that await you after obtaining Turkish citizenship. Please do not hesitate to contact us if you have any more inquiries.

 

by: damasturk

Sources: invest.gov.tr / turkiye.gov.tr / goc.gov.tr 

 

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FAQ About Turkish Citizenship

1 What is the law of Turkish citizenship acquisition? And how is it applied?

In September 2018, the Turkish President Recep Tayyip Erdogan issued a decision to grant Turkish citizenship to foreigners who acquire a property/real estate worth a minimum $250,000 in Turkey, with a title deed restriction on its resale for at least 3 years.

2 How long does the process of acquisition Turkish citizenship take?

After preparing all the documents needed for the application, including the title deed of the purchased property, the Turkish citizenship can be acquired after only 90 days, as there is a special coordination office to follow up on citizenship transactions through properties’ ownership.

3 Is it possible to acquire Turkish citizenship without my presence?

Is it possible to acquire Turkish citizenship without my presence? Yes, this can be done by making an official power of attorney at the Turkish embassy in your country for the legal team in damasturk, and we will go through all the procedures for you.

4 Does the Turkish law allow dual citizenship?

Yes, Turkish law allows dual citizenship, but you have to check with the responsible authorities in your country if it is allowed.

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Muhyadeen Dahir

“ I believe damasturk has a famous name ... good reputation in the real estate in turkey ”

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Since our beginnings, we have been striving to provide the most accurate and precise information and consultancy about the real estate market in Turkey.
Clients’ satisfaction is our priority

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