With over 15 years of experience in the Turkish real estate market, Pak Anadolu Group offers a wide selection of Investment and Lifestyle properties for sale. We have carefully and diligently picked a selection of properties that are pre-approved for our “Citizenship by Investment Program” – making the process quick and easy for our clients. Our dynamic team of professional real estate investment consultants are available all the time to answer any questions that you might have about the program, as well as provide the most suitable options meeting all of your requirements. Not only that, but our in-house lawyers are fully qualified to assist you in all legal matters throughout your application. We have assisted and helped hundreds of clients from across the globe, to invest in thousands of Turkish properties over the years. As an industry expert and influencer, we guarantee our bargaining power can help secure the best deal and favorable payment plans for our clients.
Turkish Citizenship by Investment Program
From June 13, 2022, the official cost of Turkish Citizenship by Investment has risen from $250,000 USD to $400,000 USD. Contact us to start your process today with our in-house specialists, lawyers, and all the related service.
History of Turkish Citizenship by Investment
In September 2018, the Turkish government announced changes to their Citizenship by Investment Program, which for sometimes was termed as the “Turkey Golden Visa”. These changes meant that buyers can obtain citizenship and a passport from as little as $250,000 USD, down from the original $1,000,000 USD previously. At that time, this program was one of the most affordable and attractive citizenship initiatives around the world, and thousands of investors and migrants obtained citizenship through purchasing real estate. Turkey allows dual nationality, allowing the applicants to keep multiple citizenships alongside their Turkish one.
After 13 June 2022, when you purchase a real estate in Turkey that is worth at least $400,000 USD or more, you can become a Turkish citizen, along your application, your spouse and children under the age of 18, will also be granted Turkish citizenship. Those who are successful in their application will have Turkish citizenship forever and any children born after, will be born as Turkish citizens.
Most common ways to obtain Turkish Citizenship by Investment
1 – Acquire real estate investment worth at least $400,000 USD. The cheapest option
2 – Bank deposit into a Turkish Bank at least $500,000 USD or equivalent foreign currency
Rules & Regulations for Real Estate Investment Program
– Applicants will purchase a property worth minimum $400,000 USD. It can be multiple units, with provisions of regulations.
– It is mandatory to keep the purchased real estate for a minimum of 3 years through an annotation which needs to be registered as a commitment within the Title Deed and/or Notarized Sales Contract.
– The authorities will undertake an Official Valuation Survey as announced by the Banking Supervision Board. The cost(s) in the valuation report must be determined to be at least $400,000 USD.
– The transaction payments must be paid to the seller via a bank transfer with proper bank receipts as a proof of the transactions made.
– The official declared value of the investment must be worth at least $400,000 USD at the time of the Notarized Sales Contract and/or its ownership transfer made at the Land Registry Office.
– Any such property within this scope must not be registered under any foreign real person’s name, including the applicant’s spouse or children. Real estate that has been transferred by the applicant’s spouse or kids after 12.01.2017 are not within the scope of the regulation.
– If the applicant has purchased a residence using a mortgage loan, the value of the mortgage will be deducted from the value stated within the Official Valuation Survey.
– Application will be shared with the Ministry of Internal Affairs, General Directorate of Population and Citizenship Affairs, Directorate of Foreigners Department, through the Ministry of Environment and Urbanisation, Land Registry Office for further processing.
Process to obtain a Turkish Passport through buying property
– Get a Tax Registration Number
– Open a Turkish Bank Account
– Find the property for sale
– Buy the property in Turkey
– Obtain the Certificate of Conformity
– Apply for Turkish Residency
– Apply for Turkish Citizenship
Step by step guide for Turkish Citizenship Application by Real Estate Investment
Step 1 – Get a Tax Registration Number
Tax Registration number can be obtained from any tax office in Turkey. Original Passport and Photos are required.
Step 2 – Open a Turkish Bank Account
Documentation of transactions during the buying stage will be necessary. Original Passport and Tax Registration Number are required. An Official Document (such as Public Utility Bill) that shows your current address is required to open a bank account.
Step 3 – Find the Property
Needs to be a total value of $400,000 USD or equivalent in Turkish Lira (can be single or multiple units). Properties must be Completed, or Close to Completion with Habitation License granted and Construction Servitude or Title Deed ready. The property must be suitable for an Official Valuation Survey.
Step 4 – Buy the Property
Use a Bank Transfer and document the transaction by receipt. Get the Title Deed Registry and/or Notarized Sales Contract annotated with “Not To Be Sold For 3 Years” as part of the requirement. After three years, you can sell the property in Turkey as your citizenship is guaranteed forever.
Step 5 – Obtain the Certificate of Conformity
Provide the Official Valuation Survey and submit the Bank Transfer Receipt. Apply to Ministry of Environment and Urbanization.
Step 6 – Apply for Turkish Residency
Gather the required Documents before applying for your residence permit. Apply to Directorate General of Migration Management. The residence permit is an important step to receiving your citizenship and eventual passport.
Step 7 – Apply for Turkish Citizenship by Investment
Gather the required Documents before applying for Citizenship. Apply to Directorate General of Migration Management.
Required Documents needed for Turkish Citizenship by Investment
– Birth Certificate – Each copy of the birth certificate needs to be stamped and authenticated Apostilled in accordance with the Apostille Convention.
– Certificate of Residence – Proof of address needs to be provided. Bank statements or utility bills will NOT be accepted. Each certificate needs to be stamped and authenticated Apostilled in accordance with the Apostille Convention.
– Marital Status – Vital Record that shows all family members as the husband, wife and children, Marriage Certificate, Divorce Certificate. Each certificate needs to be stamped and authenticated Apostilled.
– If the applicant is widowed, Spouse’s Death Certificate
– Health Insurance – 12 Biometrics Photos taken on white background
– 4 Biometric photos taken against a white background and sized 5×6 are required for all persons applying. 8 more Biometric photos regular sized taken against a white background are required from the main applicant.
– Passport – A copy of your original Passport.
– Original and Notarised Turkish translation of all documents
– Power of Attorney granted
– Application Forms
– All completed and filled in correctly.
