Feb 5, 2023

Obtaining Turkish Citizenship by Investment 2024

Turkey has a lot to offer for foreigner investors, with its thriving economy despite setbacks, underpenetrated markets, low operating costs and qualified workforce. Other than these advantages, it is also possible for investors to obtain Turkish citizenship by investment in Turkey, in particular by purchasing a property.

There are currently several different options for obtaining Turkish citizenship by investment: such as buying a property, investing a capital, purchasing government bonds, or depositing an amount of money in a Turkish bank.

The success of investing in Turkey in addition to its economic strength has increased foreign investor demand to obtain Turkish citizenship by investment. This was supported by the factor of obtaining a Turkish passport due to the need of many foreign investors of having another passport that facilitates their movement between countries, such as Russian investors, for example.

In this article, we will list for you all the ways through which you can obtain Turkish citizenship by investment of all kinds.

Obtaining Turkish citizenship by investment in real estate:

Foreigners can obtain Turkish citizenship by investment and buying a property with a minimum value of 400 thousand dollars or its equivalent in foreign currency or Turkish lira with restrictions on the title deed on resale for at least three years. This process is ignored by the Ministry of Environment and Urbanization in Turkey.

In Turkey, the possession of real estate title deeds may only be approved upon registration with the Land Registry Directorates. The primary real estate contracts, issued by notaries public or concluded by natural persons in writing, are not granted for the transfer of ownership per se. It acts only as an obligation to transfer title; The property in question is not transmitted by these tools.

Burdens such as mortgages, liens and similar types of restrictions which may exist in relation to said property and which would prevent its sale should be ascertained before proceeding with the procedures at the concerned Land Registry Directorate.

Inquiries about properties can be made online at parselsorgu.tkgm.gov.tr, where specific details of the city, neighborhood/village and map section can be used to search for the property. Basic information about a real property, including its current status, can be accessed online from anywhere in the world. However, the owner's personal information remains inaccessible.

Foreigners do not need to obtain a residence permit as a prerequisite for buying real estate in Turkey or even for obtaining Turkish citizenship by investment. In addition, foreigners who buy real estate in Turkey are granted short-term, renewable residence permits under Law No. 6458 on Foreigners and International Protection.

A normal or legal person who intends to buy real estate in Turkey is required to apply to the General Directorate of Land Registry and Land Registry along with the property owner. In addition, they can call the 181 call center, providing the service around the clock, or visit randevu.tkgm.gov.tr to make an appointment without having to visit the directorate offices in person.

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How to apply for Turkish citizenship:

There are three main steps to be followed in the process of applying for Turkish citizenship by investment:

Obtaining a certificate of eligibility

Apply to the relevant government agencies to obtain a certificate of eligibility.

Organizations you should apply to for each investment type:

In the case of buying a property, it is the General Directorate of Land Registry and Land Registry at the Ministry of Environment and Urbanization.

Documents required to apply for a residence permit:

In case of obtaining a residence permit, apply to the Regional Directorate of Migration Management.

Residence permit application form.
Original and copy of passport or travel document.
A copy of the previous residence permit document.
Four personal photos.
Evidence that the applicant has not received any social assistance from government institutions and organizations during the past three years.
Evidence of sufficient and sustainable financial resources for the duration of the stay.
Criminal record document.
Valid medical insurance.

citizenship request

Apply to the Census and Nationality Directorate for settlement and prepare the citizenship file and send it to NVIGM.

In Turkey, the term "foreign" is defined in three categories in relation to the purchase of real estate:

Foreign natural persons.
Foreign legal persons.
Turkish companies with foreign capital.

The latest regulations published in the Official Gazette by the Turkish government:

Foreigners who meet any of the following criteria may be eligible for Turkish citizenship, according to the decision of the President of the Republic of Turkey:

Investing a fixed capital with a minimum of 500,000 USD or its equivalent in foreign currencies or Turkish Lira, as attested by the Ministry of Industry and Technology.
Purchasing a property with a value of no less than 400.000 US dollars or its equivalent in foreign currency or Turkish lira, with a title deed on resale for at least three years, as attested by the Ministry of Environment and Urbanization.
Creating jobs for at least 50 Turkish citizen, as attested by the Ministry of Family, Labor and Social Services.
Depositing at least 500,000 US dollars or its equivalent in foreign currencies or Turkish lira in banks operating in Turkey with the condition that they have not been withdrawn for at least three years, as attested by the Banking Regulation and Supervision Agency.

The latest regulations published in the Official Gazette by the Turkish government:

Among all types of investments that qualify for obtaining Turkish citizenship through investment, real estate investment is considered the best for you and your future due to its many advantages, including:

First of all, a real estate investment worth $400,000 qualifies for obtaining Turkish citizenship by investment. Provided that the property is purchased from a Turkish citizen and that the property is not sold for a period of 3 years from the date of purchase. The investor's spouse and children under the age of 18 also obtain Turkish citizenship and obtain all the rights enjoyed by a Turkish citizen, whether inside or outside Turkey.
The option of real estate investment in Turkey may be accompanied by moving to live there, whether in the property you purchased or not. Here you will enjoy all the advantages of life in Turkey, which are comfortable and safe due to the fact that this country is a mixture of the customs of the East and the West together.
The large demand for Turkish real estate, whether for purchase or rental, due to the increase in arrivals to it, whether from the Middle East or Europe, makes real estate investment in it very profitable and the best way to obtain a continuous and increasing return, whether on a monthly or annual basis.
Real estate investment in Turkey is considered among the best in the world because the financial returns are large and short-term. It is safe and can never lose.
If you cannot buy a property for $400,000, then purchasing one property or a number of properties in Turkey with a value of no less than $200,000 qualifies you to obtain real estate residence permit. It is a renewable residency and has many advantages.

If you would like to know more about obtaining Turkish citizenship by investment, do not hesitate to contact us via WhatsApp, here. The real estate consultant will contact you as soon as possible.

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