Today we are with Mr. Hamit Talebi founder of HausBiz company and today we are going to talk about Turkish citizenship by investment and specially Turkish citizenship by real estate investment in Turkey.
Mr. Hamit could you please give us a general explanation about Turkish citizenship by investment:
Yes Sure, According to Turkish new regulation which was published on Turkish official Gazette on 19 September 2018 there are some new amendment put into practice. The Turkish government reduces the amount of investment options in order to get Turkish nationality. following this amendment, on December 2018, Turkish government made new amendment which allows investors even invest on under construction real estate properties in order to get Turkey citizenship by investment. Following, on March 2019 new amendment released which allows Palestinian to apply for citizenship by investment by holding a valid travel document to Turkey.
In the first 9 months of 2019, in total 2611 investor could get their Turkish citizenship by investment and calculating them by their family members, in total 9962 individual succeed to get citizen of Turkey
Generally speaking, there are 6 options to become a Turkish citizen by investment, however, I want to mention the three well-known options. For the rest of options for Turkish citizenship by investment please click the link.
The investors need to hold the property for 3 years and after that period they can resale their property while holding their Turkish citizenship.
All nationalities can apply for Turkish citizenship by investment except Armenia, Syria and North Korea.
The main applicant, his/her spouse and children under 18 years old can get Turkish citizenship. Also the handicapped children who are older than 18 years old can get their citizenship.
The parents cannot apply for citizenship. However, as long as the main applicant gets a Turkish citizenship, the main applicant parents can apply for a normal residency permit.
Generally speaking, I can divide Turkish citizenship by property into 5 main steps as below;
However, if I go in more depth about the process of getting a Turkish citizenship by real estate I will clarify the process by 10 steps as below;
NO, there is no interview or Turkish minimum language test.
No, you we whenever enter or leave the country
Yes of course, to be honest for some of our clients which are looking for investment more than settling down in Turkey, I offer high rental income strategy by buying 2 or 3 money-value property or under market value properties.
The investor can buy a residential or commercial real estate property.
Since the new regulation put into practice on 19.09.2018, investor is buy property in different period of time in subject to the total worth of properties be minimum 250,000 USD, however, my advice to investor is to buy their properties in short term because we don't know how long this exceptional program will run. In order to avoid any kind of hassle during obtaining Turkish citizenship by buying property investors should make a short term plan.
We have two different title deed in color-wise in Turkey which are BLUE TAPU and RED TAPU. First and foremost, the title deed (Tapu) must be Red Tapu, on the other side Red title deed itself is divided into two type of title deed which are KAT İRTIFAKI or KAT MÜLKIYETI. The real estate project can be under construction, however, the property need to hold at least KAT İRTİFAKİ title deed.
it takes between 2 to 6 months to get your Turkish citizenship by investment
|1.||Proof of address Or certificate of residency|
|2.||Copy of title deed or original notarized sale contract|
|3.||Appraisal value report or Valuation Report (we need to get valuation report who is licensed by government)|
|4.||Receipt of wire transfer from buyer individual bank account which is officially stamped by bank|
|5.||Receipt of wire transfer from Seller bank account which is officially stamped by bank|
|6.||If you are married Certificate of Marriage OR Marital Status certificate which is showing you are single|
|7.||Birth Certificate (for all family members)|
|8.||Family member registration certificate (a certificate or record which shows all family members such as husband, wife and children)|
|9.||8 Biometric picture for main applicant and 2 number for dependent|
|10.||Power of Attorney from main applicant and his/her spouse, and if they have a children we will add an article for children POA of spouse|
|11.||passport of main applicant, spouse and children under 18 years old need to translated to Turkish language by Turkish sworn translator and notarized in Turkish notary|