Instructions for acquiring Turkish citizenship through real estate investment

Instructions for acquiring Turkish citizenship through real estate investment

In recent years, Turkey has become one of the most favored places for international investors, due to its rapidly growing economy, qualified workforce, geographical and political position, and a free investment environment.

In 2003, the Foreign Direct Investment Law was issued, increasing foreign investments and the number of companies in Turkey, foreign investors can also benefit equally with Turkish investors from all the facilities provided by the Turkish government.

Turkey has tax treaties with many countries such as the United States, Germany, Azerbaijan, China, France, South Korea, Georgia, Iran, Qatar, Saudi Arabia, Iraq, Emirates, Kuwait, Jordan, Cyprus, Malaysia, Pakistan, Russia and Singapore in order to prevent double taxation for investors alike.

Foreign investors have the possibility to establish a joint stock company and a limited liability company. Moreover, a significant increase in the number of foreigners has been observed in Turkey, along with an increase in migration in recent years, according to “International Immigration Statistics” published by the Turkish Statistics Institute (TUIK) in 2018. The number of people immigrating to Turkey has increased by 22.4% compared to 2017.

With all these developments, the Turkish government aims to revive its economy, especially in the real estate sector, and has made some legal arrangements and facilitated obtaining Turkish citizenship through real estate investment.

In Article 12 of the Turkish Nationality Law No. 5901, exceptional methods for acquiring citizenship have been organized, and the legislation on the application of the Turkish Nationality Law sets exceptional conditions through investment with the issuance of Presidential Decree No. 106 published in the Official Newspaper on 19/09/2018, below is a list of amendments after Turkey reduced the investment needed to obtain citizenship.

• Purchasing a real estate worth of 400,000$ instead of 1,000,000$.
• Employing 50 Turkish citizens instead of 100 citizens.
• Investing 500,000$ instead of 2,000,000$.
• Depositing 500,000$ in the Turkish banks instead of 3,000,000$.

If you are wondering about the procedures needed to obtain the Turkish Citizenship through buying a property, we at DEIDIN Real Estate & Investments are proud to provide you with all the steps needed to be taken:

Documents Needed to Begin the Turkish Citizenship Process Through Purchasing a Property

1. Real Estate Documents

• Official title deed “Tapu” or the purchase contract to be documented by the notary (With the restriction of selling the property for 3-years)
• Real Estate evaluation report through a government licensed company
• Original bank receipts for transfers where the value of the property/properties has been paid through (which proves that the process is done from the buyer's account to the seller's account)

2. Buyer’s Personal Documents

• Translated Passport to be translated through the notary in Turkey.
• Certificate of marriage/marriage contract certified by the Turkish embassy in the country of the applicant or by the notary in case translated in Turkey / in case the customer is divorced with a certificate of proof of divorce, in case the client has a widened certificate to be translated and certified by the Turkish embassy / if the client is unmarried then a civil status statement is required.
• 6 Biometric personal photos size 50 * 60 (taken within the past 6 months, biometric, colour, with white background).
• A criminal record taken from the national and Turkish authorities (no longer required)
• The address of the applicant with his contact numbers

3. Personal documents of the buyer's family (if applicable)

• Translated passports and certified by the notary in Turkey for all family members who will apply for citizenship
• An official agency to the lawyer in the name of the husband and wife is organized in the Turkish embassy in the country of the applicant or at notary in case the client was available in Turkey (the agency is required to translate the passport and to be certified by the notary + 2 personal photos + personal attendance during the organization of the agency as a certified translator is required) there is a form submitted by us for this.
• 6 Biometric personal photos size 50 * 60 for each member of the family (taken during the past six months, biometric, colour, with white background).
• A birth certificate for each of the husband and wife and for each child under the age of 18 translated and certified by the Turkish embassy
• If a child is in the custody of the mother or father and requests to be granted Turkish citizenship, the consent of the other parent must be obtained. (The deed of approval of the other parent is provided by the Turkish authorities, or it must be translated into Turkish with the approval of the notary)

(All documents must be translated into Turkish and attested by the notary and the embassy of the country that the applicant is from in addition to the approval of the governor in case the documents were presented inside Turkey. As for the papers and documents submitted from outside Turkey they must be translated into the Turkish language and certified by a notary and the Ministry of Foreign Affairs then from the Turkish embassy in their home country)

The value of the real estate is calculated after its valuation in US dollars in the reports based on the exchange or exchange rates prevailing for the Turkish Central Bank on the date of the transaction.

We would like to note that a foreign investor that buys the property to obtain Turkish citizenship cannot sell it for 3 years, according to Turkish law.

With that being said, we always advise the investors to ask and consult trusted real estate companies before rushing in buying properties in Turkey, and we at DEIDIN Real Estate and Investments, are one of these companies as we have strong partnerships with the major Turkish construction companies that have many and large projects in different regions of Istanbul and all the Turkish states "with the guarantee of the Turkish government", and we have a professional team that responds to all your inquiries through our website and all available means of communication, provides you with advice, informs you about the potential investment return for any real estate opportunity, land or project you wish to invest in, and also helps you in the necessary legal procedures to obtain the "Turkish citizenship" through real estate investment.

Keywords: Turkish Citizenship, Turkish Government, Real Estate Investment in Turkey

Instructions for acquiring Turkish citizenship through real estate investment

In recent years, Turkey has become one of the most favored places for international investors, due to its rapidly growing economy, qualified workforce, geographical and political position, and a free investment environment.

In 2003, the Foreign Direct Investment Law was issued, increasing foreign investments and the number of companies in Turkey, foreign investors can also benefit equally with Turkish investors from all the facilities provided by the Turkish government.

Turkey has tax treaties with many countries such as the United States, Germany, Azerbaijan, China, France, South Korea, Georgia, Iran, Qatar, Saudi Arabia, Iraq, Emirates, Kuwait, Jordan, Cyprus, Malaysia, Pakistan, Russia and Singapore in order to prevent double taxation for investors alike.

Foreign investors have the possibility to establish a joint stock company and a limited liability company. Moreover, a significant increase in the number of foreigners has been observed in Turkey, along with an increase in migration in recent years, according to “International Immigration Statistics” published by the Turkish Statistics Institute (TUIK) in 2018. The number of people immigrating to Turkey has increased by 22.4% compared to 2017.

With all these developments, the Turkish government aims to revive its economy, especially in the real estate sector, and has made some legal arrangements and facilitated obtaining Turkish citizenship through real estate investment.

In Article 12 of the Turkish Nationality Law No. 5901, exceptional methods for acquiring citizenship have been organized, and the legislation on the application of the Turkish Nationality Law sets exceptional conditions through investment with the issuance of Presidential Decree No. 106 published in the Official Newspaper on 19/09/2018, below is a list of amendments after Turkey reduced the investment needed to obtain citizenship.

• Purchasing a real estate worth of 400,000$ instead of 1,000,000$.
• Employing 50 Turkish citizens instead of 100 citizens.
• Investing 500,000$ instead of 2,000,000$.
• Depositing 500,000$ in the Turkish banks instead of 3,000,000$.

If you are wondering about the procedures needed to obtain the Turkish Citizenship through buying a property, we at DEIDIN Real Estate & Investments are proud to provide you with all the steps needed to be taken:

Documents Needed to Begin the Turkish Citizenship Process Through Purchasing a Property

1. Real Estate Documents

• Official title deed “Tapu” or the purchase contract to be documented by the notary (With the restriction of selling the property for 3-years)
• Real Estate evaluation report through a government licensed company
• Original bank receipts for transfers where the value of the property/properties has been paid through (which proves that the process is done from the buyer's account to the seller's account)

2. Buyer’s Personal Documents

• Translated Passport to be translated through the notary in Turkey.
• Certificate of marriage/marriage contract certified by the Turkish embassy in the country of the applicant or by the notary in case translated in Turkey / in case the customer is divorced with a certificate of proof of divorce, in case the client has a widened certificate to be translated and certified by the Turkish embassy / if the client is unmarried then a civil status statement is required.
• 6 Biometric personal photos size 50 * 60 (taken within the past 6 months, biometric, colour, with white background).
• A criminal record taken from the national and Turkish authorities (no longer required)
• The address of the applicant with his contact numbers

3. Personal documents of the buyer's family (if applicable)

• Translated passports and certified by the notary in Turkey for all family members who will apply for citizenship
• An official agency to the lawyer in the name of the husband and wife is organized in the Turkish embassy in the country of the applicant or at notary in case the client was available in Turkey (the agency is required to translate the passport and to be certified by the notary + 2 personal photos + personal attendance during the organization of the agency as a certified translator is required) there is a form submitted by us for this.
• 6 Biometric personal photos size 50 * 60 for each member of the family (taken during the past six months, biometric, colour, with white background).
• A birth certificate for each of the husband and wife and for each child under the age of 18 translated and certified by the Turkish embassy
• If a child is in the custody of the mother or father and requests to be granted Turkish citizenship, the consent of the other parent must be obtained. (The deed of approval of the other parent is provided by the Turkish authorities, or it must be translated into Turkish with the approval of the notary)

(All documents must be translated into Turkish and attested by the notary and the embassy of the country that the applicant is from in addition to the approval of the governor in case the documents were presented inside Turkey. As for the papers and documents submitted from outside Turkey they must be translated into the Turkish language and certified by a notary and the Ministry of Foreign Affairs then from the Turkish embassy in their home country)

The value of the real estate is calculated after its valuation in US dollars in the reports based on the exchange or exchange rates prevailing for the Turkish Central Bank on the date of the transaction.

We would like to note that a foreign investor that buys the property to obtain Turkish citizenship cannot sell it for 3 years, according to Turkish law.

With that being said, we always advise the investors to ask and consult trusted real estate companies before rushing in buying properties in Turkey, and we at DEIDIN Real Estate and Investments, are one of these companies as we have strong partnerships with the major Turkish construction companies that have many and large projects in different regions of Istanbul and all the Turkish states "with the guarantee of the Turkish government", and we have a professional team that responds to all your inquiries through our website and all available means of communication, provides you with advice, informs you about the potential investment return for any real estate opportunity, land or project you wish to invest in, and also helps you in the necessary legal procedures to obtain the "Turkish citizenship" through real estate investment.

Keywords: Turkish Citizenship, Turkish Government, Real Estate Investment in Turkey