Citizenship By Real Estate Investment in Turkey

Foreign nationals who do not work in Turkey but will invest within the scope and amounts determined according to the Presidency’s decision, as well as their spouses and children under the age of 18, can acquire Turkish Citizenship as an exception. Foreign nationals who have purchased a real estate (such as a house or workplace) worth at least 400.000 USD (USD / US Dollar) and their spouses and children under 18 years of age can apply for Turkish citizenship as an exception. Real persons of foreign nationality are given the right to acquire Turkish citizenship through exceptional procedures, in case they purchase real estate worth $400,000 or more.

Required Procedures For Real Estate Investment

For this purpose, foreigners must: purchase real estate worth at least USD 450,000. In the application for citizenship, it should be stated in the land registry that the real estate was purchased for this purpose, and the foreigner should declare that he will not sell the real estate for three years.

1-The value of the immovable(s) will be determined through an official evaluation to be carried out by the valuation companies announced by the Banking Regulation and Supervision Agency (BDDK). In the Real Estate Valuation Report, the value of the property(s) must be at least $400,000. (The issue date of this Immovable Valuation Report must be at most three months prior to the date of citizenship application. The said valuation report will be considered valid until the transaction is completed.)

2-Immovable(s) subject to acquisition; The foreign person must not be registered in the land registry on behalf of any foreign real person, including his spouse and children, or it should not be one of the immovables transferred by the foreign person, his spouse, children or any foreign real person ımmovable properties purchased before 12.01.2017 will not be considered as part of citizenship acquisition. In addition, the immovable subject to the acquisition must not be one of the immovables registered in the name of the company of which the foreign real person to be acquired is a partner or manager.

3-The relevant application will be sent to the Ministry of Interior, General Directorate of Population and Citizenship Affairs, Department of Foreign Affairs through the Land Registry Office of the Ministry of Environment and Urbanization.

4- When the land registry procedures are completed, the foreigner acquires the right of residence or citizenship by sending the certificate of conformity to be issued for the owner of the real estate.

In fact, the citizenship process of foreign nationals by investment is a process that can be carried out very practically and quickly, and has its own unique subtleties. Therefore, it is extremely necessary to evaluate each stage separately in itself. For all transactions, CBI facilitates the work of foreign investors and is at your service with its expert and experienced staff.