How to Obtain Turkish Citizenship Through Real Estate?

Citizenship is a term that signifies an individual’s allegiance to a nation. One of the paths foreign individuals seeking Turkish citizenship often pursue is acquiring Turkish citizenship through real estate investments. Foreign individuals who meet the conditions outlined in the law can become Turkish citizens. However, obtaining citizenship is a more intricate process than it may seem. Even if an individual meets all the requirements, they must still acquire Turkish citizenship. There is no mandatory provision at this stage

The question of how to obtain Turkish citizenship through real estate is frequently asked. One must fulfill the investment conditions specified in the legislation to gain Turkish citizenship through investment. Individuals have the right to apply for Turkish citizenship through this route. Once legal processes are initiated, acquiring Turkish citizenship via real estate investment is feasible. Of course, specific conditions that need to be met for obtaining Turkish citizenship through this route are also specified.

What Are the Requirements for Gaining Turkish Citizenship Through Real Estate?

The question of the requirements for gaining Turkish citizenship through real estate investment is prominent. In this context, it is crucial for those aspiring to acquire Turkish citizenship to meet the conditions outlined in the law and regulations. These conditions vary depending on the path through which citizenship is sought. Similarly, certain conditions are set for acquiring Turkish citizenship through real estate investment. These conditions are outlined in Article 20 of the Regulation on implementing the Turkish Citizenship Law. Fulfilling any of the existing criteria is deemed sufficient. The necessary conditions are detailed in the article. By examining the details, you can gain more information about this.

The Ministry of Industry and Technology must verify that a fixed capital investment of at least 500,000 US Dollars or equivalent foreign exchange has been made.

The Ministry of Labor and Social Security must verify the creation of employment for at least 500 people.

The title deed of real estate with a value of at least 250,000 US Dollars or equivalent foreign exchange must be recorded, and it must not have been sold for three years. The Ministry of Environment and Urbanization must determine this information.

The participation share of a real estate investment fund worth a minimum of 500,000 US Dollars or equivalent foreign exchange must be held for at least three years, as determined by the Capital Markets Board.

The purchase of government debt instruments worth at least 500,000 US Dollars or equivalent foreign exchange from the Ministry of Treasury and Finance, with a three-year holding requirement.

What Documents Are Required to Apply for Turkish Citizenship Through Real Estate?

There are necessary documents to apply for Turkish citizenship through real estate investment. For foreign individuals seeking to acquire Turkish citizenship, the Ministry requires written instruction. Upon this, certain documents are prepared by the relevant authorities. Among these documents, a form letter, a passport indicating the individual’s nationality, and similar documents are requested. If married, a marriage certificate is required, and if divorced, a divorce certificate. If the individual is widowed, a death certificate of the spouse is required.

In the required documents, registration records of first and second-degree relatives who are Turkish citizens should be included. A receipt indicating the payment of the service fee to the Ministry of Finance should be present. The title deed of the real estate investment is necessary for acquiring Turkish citizenship through real estate investment. A Real Estate Appraisal Value Certificate obtained from relevant municipalities is attached; mandatory earthquake insurance policies must be obtained for buildings such as residences and offices. Two photographs of the buyer and one photograph of each seller taken in the last six months should be included.

A sworn translator must be present if one party does not know Turkish. If a power of attorney issued abroad is used for the procedure, the original or a notarized copy of the power of attorney must be included. The methods for acquiring Turkish citizenship through investment encompass all who fulfill the criteria for this path.

What Are the Costs of Applying for Turkish Citizenship Through Real Estate?

The costs of applying for Turkish citizenship through real estate investment vary annually. Additionally, depending on the value of the real estate, tapu (title deed) fees vary and must be paid for property transfers. The service fee to the General Directorate of Land Registry and Cadastre must also be paid.

It is known that multiple applications are necessary during the acquisition process of Turkish citizenship, regardless of the investment path chosen. The procedures involved also differ according to the selected investment route. Generally, some expense items stand out. These include the service fee paid to the government, costs associated with assessments by the Capital Markets Board, sworn translation, notary expenses, mandatory earthquake insurance, and more. These figures are around 13,000 Turkish liras, excluding title deed fees, from 2023 onward.

The Importance of Consultancy in Gaining Turkish Citizenship Through Real Estate

Consultancy support is critical to gain Turkish citizenship through real estate investment. This is because apart from strictly following what is written in the regulations, there are also certain specific practices. In this phase, the correct steps to be taken by the individual seeking Turkish citizenship are ensured. Receiving assistance from experts in gaining Turkish citizenship through real estate investment streamlines the process. For professional support in this matter, you can contact us. Our expert team and experience are at your service.