Turkish Citizenship by Investment

Understanding the Turkish Citizenship by Investment Program

Acquiring Turkish citizenship through property investment is an attractive option for foreign investors seeking the benefits of Turkish nationality. This comprehensive guide outlines the step-by-step process, eligibility criteria, required documentation, and key considerations to help you navigate the journey successfully. Turkey's Citizenship by Investment Program allows foreign nationals to obtain citizenship by making a significant investment in the country. The most popular route is through real estate investment, which requires purchasing property that meets specific criteria.

Eligibility Criteria

To qualify for Turkish citizenship via property investment, applicants must meet the following conditions:

• Minimum Investment Amount: Invest at least $400,000 in real estate.
• Seller Requirement: Seller Must be a Turkish Citizen.
• Property Ownership: The property must be purchased from a Turkish individual or company.
• Holding Period: Commit to retaining ownership of the property for a minimum of three years.
• Property Type: The investment can be in residential, commercial, or land properties.

Required Documentation

• Application Form: Completed with all relevant information, and application tax payment receipt.
• Valid Passport: Notarized Turkish translation may be required.
• Biometric Photographs: 4 Recent photos meeting Turkish standards.
• Birth Certificate: Official document indicating birth details.
• Marital Status Certificate: Marriage, divorce, or death certificates as applicable.
• Proof of Investment: Title deed, valuation report, and bank transfer receipts.
• Compliance report of TKGM: An official document issued to ensure that a property adheres to the regulations required for foreign ownership and property transactions
• Currency Exchange Document (DAB): Obtained from the Bank. Bank receipt showing payment of minimum 400.000 USD
• Residence Permit: Copy of the granted residence permit or valid tourist visa.
• Health Insurance: Valid coverage in Turkey.

Benefits of Turkish Citizenship

• Visa-Free Travel: Access to over 120 countries without a visa. Additionally, they can obtain a C‑2 Schengen visa valid for five years, allowing stays of up to 90 days within any 180-day period in Schengen countries.
• Dual Citizenship: Turkey allows dual citizenship, enabling you to retain your original nationality.
• Access to Quality Healthcare: Turkish citizenship provides access to comprehensive healthcare services.
• Family Inclusion: Your spouse and children under 18 can also obtain citizenship.
• No Residency Requirement: There is no obligation to reside in Turkey before or after obtaining citizenship.
• Educational Opportunities: Citizens can benefit from free education and university reimbursement plans, enhancing prospects for personal and professional development.
• Potential for Investment Returns: Investors have the opportunity to recoup their investment after a three-year holding period, potentially yielding significant returns due to Turkey's growing property market.
• Right to Dual Citizenship: Turkey permits dual citizenship, allowing investors to retain their original nationality while enjoying the benefits of Turkish citizenship.

Step-by-Step Guide to Acquiring Turkish Citizenship

Step 1: Research and Select a Suitable Property

• Market Analysis: Investigate the Turkish real estate market with Summer Homes to identify properties that meet the investment criteria.
• Professional Assistance: Engage a licensed real estate agent such as Summer Homes who are familiar with the Turkish market to assist in property selection.

Step 2: Conduct Due Diligence

• Legal Verification: Ensure the property has a clear title deed and is free from legal disputes or encumbrances.
• Property Valuation: Obtain a valuation report from a Capital Markets Board (CMB) licensed appraisal company to confirm the property's market value.

Step 3: Open a Turkish Bank Account

• Documentation: Provide your passport, tax identification number, and proof of address to open an account.
• Fund Transfer: Deposit the necessary funds to facilitate the property purchase.

Step 4: Obtain a Tax Identification Number

• Application: Apply for a tax ID at a local tax office in Turkey using your passport and proof of address.

Step 5: Execute the Property Purchase

• Sales Agreement: Sign a purchase agreement with the seller, ensuring it includes a clause stating that the property will not be sold for at least three years.
• Payment: Complete the payment through bank transfer to comply with legal requirements.
• Title Deed Registration: Register the property under your name at the Land Registry Office, including the three-year no-sale annotation.

Step 6: Obtain a Certificate of Conformity

• Application: Submit the title deed, valuation report, and payment receipts to the Ministry of Environment, Urbanization, and Climate Change to receive the Certificate of Conformity.

Step 7: Apply for a Residence Permit

• Documentation: Gather necessary documents, including your passport, biometric photos, proof of health insurance, and the Certificate of Conformity.
• Submission: Apply for a short-term residence permit at the Provincial Directorate of Migration Management.

Step 8: Submit Citizenship Application

• Prepare Documents: Collect all required documents, such as the residence permit, proof of investment, and personal identification documents.
• Application Submission: Submit your citizenship application to the Provincial Directorate of Census and Citizenship.

Step 9: Await Approval

• Processing Time: The evaluation process typically takes between 6 to 8 months.
• Notification: Upon approval, you will be granted Turkish citizenship and can apply for a Turkish passport.

How Summer Homes and Our Legal Experts Can Help

At Summer Homes, we provide end-to-end support for individuals and families looking to acquire Turkish citizenship through property investment. Here's how we can assist at every stage:

• Tailored Property Selection: Our experienced team helps you identify properties that meet both your investment goals and the program’s legal requirements.
• Legal Compliance and Documentation: Our skilled lawyers ensure all documents, including title deeds and compliance reports, are accurate and complete. They also verify the property’s eligibility for the program.
• Efficient Application Process: We guide you through every step of the citizenship application, helping you prepare the required documents, submit forms, and communicate with relevant authorities.
• Property Investment Management: Whether you're seeking a home or a rental income opportunity, we provide professional advice to maximize the value of your investment.
• Post-Citizenship Assistance: Once your citizenship is granted, we continue to assist with additional services, such as securing Turkish ID cards, passports, and even property management if needed.

By partnering with Summer Homes, you benefit from expert guidance, ensuring that your journey to Turkish citizenship is seamless, secure, and stress-free. Let us simplify the process and help you take advantage of the numerous benefits Turkey offers to its citizens.

FAQs on Acquiring Turkish Citizenship via Property Investment

• What is the minimum investment amount required to qualify for Turkish citizenship through property purchase?
  The minimum investment amount is $400,000, and the property must be held for at least three years.
• Can I purchase multiple properties to meet the $400,000 investment threshold?
  Yes, you can purchase multiple properties as long as their combined value meets or exceeds $400,000.
• How long does the Turkish citizenship application process take?
  The entire process typically takes 6 to 8 months from the submission of the application.
• Is there a residency requirement to maintain Turkish citizenship?
  No, Turkey does not require you to live in the country before or after acquiring citizenship.
• Can my family members obtain citizenship through my investment?
  Yes, your spouse and children under 18 years old are also eligible for Turkish citizenship.
• What types of properties qualify for citizenship by investment?
  Residential, commercial, or land properties can qualify, as long as they meet the investment criteria.
• Do I need to pay taxes on the property I purchase?
  Yes, you will need to pay property-related taxes, including title deed fees, annual property taxes, and possibly capital gains tax if you sell the property after the holding period.
• Can I finance the property purchase through a loan?
  No, the payment must be made in full from your funds, as financed properties do not qualify for citizenship.
• Do I need to hire a lawyer for the application process?
  While not mandatory, hiring a lawyer is highly recommended to ensure compliance with legal requirements and to simplify the process.
• What happens if I sell the property before the three-year holding period ends?
  Selling the property before the required three years will void your eligibility for Turkish citizenship.
• Is the property valuation report mandatory for the application?
  Yes, a valuation report from a Capital Markets Board (CMB)-licensed appraisal company is required to confirm the market value of the property.
• Can I apply for Turkish citizenship through property investment remotely?
  Yes, you can appoint a legal representative in Turkey to handle the property purchase and citizenship application on your behalf.