TURKISH CITIZENSHIP BY INVESTMENT

Turkey announced its citizenship by investment programme by granting residency, citizenship and a second passport to applicants. Turkish Citizenship Code has made new amendments and there are new regulations on this subject. 

There are several options where you can meet the criteria;

• Applicant, his/her spouse and children (under the age 18) can gain Turkish citizenship with a 250.000 USD purchase of Turkish property on the condition to not sell the property within the next 3 years. No requirements to reside in Turkey during or after the application process. No exam, interview, or complex procedures. Multiple citizenship is allowed. 

• Deposit 500,000 USD for at least 3 years in one of the Turkish Banks.

• Provide employment for at least 50 people

• Purchase state debt instruments worth 500,000 USD and keep in reserve at least three years. 

Please keep in mind that foreign currency amounts mentioned above may change based on the currency exchange rate at the date of application. 

Benefits: Full health coverage for the whole family, pension program, free education at public schools and universities, etc.

HOW TO BUY A REAL ESTATE IN TURKEY?

As mentioned above foreigners who buy a real estate in Turkey for 400,000 USD and their families can be Turkish citizens. It is easier to get residence permit for the foreigners who buy property in Turkey. With residence permit children of foreigners can have an education in here and it is easier to find a job. There is a procedure to be followed for buying property. For that reason it is recommended that you should get assistance in matters of real estate due diligence procedure when buying a real estate. It is important to know that if the property is a subject to litigation or not before making purchase. Also foreigners are subject to certain restrictions; 

• A foreign national can not buy more than 30 hectares of property in Turkey, in total. 

• Can not buy property in military forbidden zones and security zones. 

• A foreign real person can buy property up to %10 of the total area of the district where private property is located. 

After signing contract, the final step to complete purchasing process is registering your real estate to Turkish TAPU (land registry). After both parties agreed on the price, buyer should make an application to relevant TAPU Office with his/her passport and ID card.