Turkish Citizenship By Investment Program

Turkish Government introduced Citizenship by Investment Program January 2017 to attract foreign direct investment to boost country’s economy and especially the real estate sector. The program allows applicants to choose from a number of different options to get Turkish citizenship and it has played a role in developing the country’s economy. In September 2018, Turkish government made some amendments in law and made it easier for foreigners to acquire Turkish citizenship through investment. Since September 2018, Law No 5901 of Constitution of Turkey disposes that foreign citizens investing in Turkey will be granted the right to apply for Turkish citizenship. The conditions to acquire Turkish citizenship are discussed in more details in below.

Citizenship by Investment Program

 
 

Turkish Citizenship by Investment allows investors to get access to both Asian and European Markets along with that the investor acquire citizenship of such a country who is in Negotiations with the European Union for Full Membership.

Benefits of Citizenship by Investment Program

  • Visa Free Access to more than 100 countries. 
  • Free Education in Turkey for children.
  • Access to E2 Investors Visa in United States of America.
  • Citizenship to all Members of society including children under 18 years age.
  • Medical Insurance from the Turkish Government.

  Getting Turkish Citizenship

  • Purchase a property not less than 250.000 USD.
  • Invest at least 500.000 USD fixed capital in Turkey.
  • Deposit 500.000 USD in a Turkish bank at least for three years.
  • Employ 50 or more people in a Company.
  • Buy government bonds of worth 500.000 USD with a condition to not sell for a period of 3 years

Turkish Citizenship Through Investment In Real Estate Explained In Six Steps

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Frequently Asked Questions  About Turkish Citizenship by  Program

No, there isn’t any requirement to learn Turkish Language

Yes, Turkey allows Dual Citizenship and there isn’t any requirement to surrender your previous nationality.

Citizenship or Passport will not ever expire in Future

Money should only be transferred through banking channel.

With Lira devaluation, the Price of your property Is not devalued as its according to price in dollars.

No, the Investor or his family don’t need to stay in Turkey during the Period of 2 months or later after getting Turkish Citizenship.

Nobody knows if the citizenship deal will be increased to 500K $. Yes, Rumors exits

What Foreigners Looking to Acquire Real Estate in Turkey Need to Know

​​In Turkey, only trading companies established according to the laws of their respective countries and having legal personality may acquire real estate and limited rights in rem as foreign legal persons. Legal persons other than such trading companies (foundations, associations etc.), on the other hand, may not acquire real estate and may not have rights in rem.
 
Acquisition of real estate by trading companies established in foreign countries according to the laws of their respective countries and having legal personality, on the other hand, may be granted in exceptional cases and is deemed possible only when stipulated under the provisions of international conventions or special laws. Among the specific codes inclusive of provisions on this matter are Law No. 6491 on Turkish Oil, Law No. 2634 on Tourism Incentive, and Law No. 4737 on Industrial Zones.
 
NOTE: With respect to mortgages, an exception is stipulated whereby there is no limitation as to the mortgages to be created over the property in favor of foreign natural and legal persons.
​​In Turkey, only trading companies established according to the laws of their respective countries and having legal personality may acquire real estate and limited rights in rem as foreign legal persons. Legal persons other than such trading companies (foundations, associations etc.), on the other hand, may not acquire real estate and may not have rights in rem.
 
Acquisition of real estate by trading companies established in foreign countries according to the laws of their respective countries and having legal personality, on the other hand, may be granted in exceptional cases and is deemed possible only when stipulated under the provisions of international conventions or special laws. Among the specific codes inclusive of provisions on this matter are Law No. 6491 on Turkish Oil, Law No. 2634 on Tourism Incentive, and Law No. 4737 on Industrial Zones.
 
NOTE: With respect to mortgages, an exception is stipulated whereby there is no limitation as to the mortgages to be created over the property in favor of foreign natural and legal persons.
Companies established in Turkey as a legal entity are considered under the category of foreign-owned companies in accordance with the following conditions:
 
  • Foreign investors hold fifty percent or more of the shares, or

  • Foreign investors are entitled to appoint and dismiss the majority of the board of directors
These companies may acquire property and limited rights in rem in order to engage in activities set forth in their articles of association.
 
For this purpose, companies are required to apply first to the governor’s office where the property is located.
 
On the other hand, if the real estate intended for acquisition is located in a prohibited military zone or a military security zone, the real estate acquisition shall be subject to the permission of the General Staff; and if the property is situated in the private security zone, it shall be subject to the permission of the governor’s office of the respective region.
 
In the event of positive settlement of the application to acquire real estate, the governor’s office shall inform the company/enterprise and the Land Registry Office in writing so that the registration may be fulfilled.

The following procedures do not require permission from the governor’s office, therefore the application to the Land Registry Office may be directly made without seeking permission.
 
  • Creation of mortgage

  • Acquisition of real estate within the scope of cashing out a mortgage by the beneficiary of a mortgage

  • Transfer of real estate ownership and limited rights in rem arising out of company mergers and demergers

  • Acquisitions in organized industrial zones, industrial zones, technology development zones, and free zones

  • Acquisitions realized due to the transactions considered as loan within the framework of the relevant banking legislation or for the purpose of collection of receivables

In Turkey, foreigners’ right of inheritance is protected. In the event of a foreigner’s death, the real estate owned by them shall pass to their inheritors. If the inheritor is eligible to acquire the real estate (if they are eligible in terms of nationality and if the total limitation conditions per person and throughout the country allow), the inheritor may then keep the inherited property. Otherwise, such person is to transfer the real estate immediately. Otherwise, the Ministry of Treasury and Finance shall sell the real estate and reimburse the price to the inheritor.

Natural persons of foreign origin are granted the right to acquire Turkish citizenship by means of exceptional procedures upon purchase of real estate worth USD 250,000 and more.
 
For this purpose, foreigners:
 
  • Shall purchase real estate worth at least USD 250,000

  • Shall state, in the application for acquisition, that they purchased the real estate for this purpose, the title deed should state this purpose, and the foreigner shall declare that they shall not sell the real estate for three years in the section of the form where declarations are made.

Once the land registry procedures are complete, the foreign national may apply to the relevant administrations to claim the right of residence or citizenship by submitting the certificate of eligibility to be issued for the owner.
  • Land registry of the real estate or information on the village/quarter, map section, plot, building, and independent section

  • Photo ID or passport issued by the country of which the foreigner is a citizen (notarized and certified translations should be submitted for ID cards and passports issued in alphabets other than the Latin alphabet)

  • If the procedure involves representation, document regarding representation (order regarding guardianship, letter of authorization, power of attorney etc.)

  • Document on the current market value of the real estate issued by the relevant municipality

  • Mandatory earthquake insurance policy for the buildings

  • A photo of the seller and two photos of the purchaser (taken within the last six months, size 6×4 cm)

  • Certified interpreter if a party does not speak Turkish
If the procedure is to be conducted by a third person authorized by means of a power of attorney issued abroad, the power of attorney must include the authorization relating to the procedure to take place. Besides, the power of attorney shall meet the following conditions:
 
  • Issued by Turkish consulates at their discretion over real estate

  • Issued by competent authorities entitled to issue power of attorneys abroad

  • Issued in the language of the country where it is issued

  • Includes photo (with a clear seal and signature over the photo)
    ​
  • Includes the apostil, if issued in a country that is a party to the Hague Convention

  • Should have certification of the signature of the official signing the power of attorney by the relevant authority and the signature and seal of such authority should be certified by the Turkish Consulate if the power of attorney is issued in a country that is not a party to the Hague Convention
 
The application should also provide notarized and certified Turkish translation of the power of attorney that meets the required criteria.

Suitable properties for Citizenship by Investment programs

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