On May 13, 2022, the Turkish government gazette Resmi Gazete came out with a list of changes signed by President Recep Tayyip Erdogan.
Foreigners applying for Turkish citizenship must purchase real estate in the amount of 400,000 USD.
Real estate requirements for obtaining Turkish citizenship
The minimum value of the property in lira, equivalent to 400,000 USD, must be stated in the certificate of ownership and confirmed by an expert assessment of an accredited company.
The problem is that 80-90% of real estate in Turkey do not meet the requirements of the “citizenship by investment” program; very often an undervalued value is registered in the Tapu (property certificate).
Another important limitation: the apartment that the investor buys must belong to a Turkish individual or legal entity, that is, you cannot take the property from a foreigner.
Requirements for real estate purchased as part of the investment program:
► Cost in lira, equivalent to 400,000 USD
► Availability of expert assessment
► Ownership of a Turkish individual or legal entity
Transaction and receipt of TAPU
Real estate transactions in Turkey are concluded quickly; when purchasing real estate for obtaining citizenship, special conditions are observed:
► An appraiser’s report is required confirming the value of the object from 400,000 USD
receive a report from an appraiser in advance stating that the property is worth more than 400,000 USD. The owner can set any price, but if a certified expert does not confirm this, then the property will not be able to participate in the citizenship by investment program
► Funds must be transferred officially from the buyer’s account to the seller’s account. With the help of our company, you can pay for real estate in cash in Russia (₽, USD, EUR) and/or in Turkey (on the spot) and we will process this money as an official transfer through a bank, as well as in cryptocurrency!
► It is important to take into account exchange rates. In TAPU, the cost of the object is indicated in Turkish lira, so it is important to compare the cost of the object in liras and in dollars in order to comply with the purchase budget from 400,000 USD
There is a risk of making a mistake, choosing an object that at the time of the transaction will cost 399,000 USD, and not 400,000 USD. Then there will be no basis for obtaining citizenship.
Documents for Turkish citizenship when purchasing real estate
► Application in two copies. The form is filled out by the applicant or his representative by proxy
► Notarized translation of a passport
► Birth certificates of adult applicants and children (apostille);
► Marriage certificate (apostille);
► Certificate of family composition (apostille);
► Certificate that the applicant is married (apostille);
► Certificate of no criminal record for all applicants.
The package of documents will also require a tapu (certificate of ownership of real estate), a document confirming the fulfillment of investment obligations, and a valid residence permit in Turkey.
We receive a document confirming the fulfillment of investment obligations
In Turkish, this document is called uygunluk belgesi and is issued by the General Directorate of Cadastre and Tapu. The certificate confirms that the investor has fulfilled all the conditions and invested at least 400,000 USD in Turkish real estate.
According to the terms of the investment program, if a buyer obtains citizenship when purchasing real estate, he does not have the right to sell it for three years. This encumbrance is indicated in the document on the fulfillment of investment obligations.
When uygunluk belgesi was received, our specialists moved on to obtaining a residence permit, and then to preparing documents for citizenship.
Documents for Turkish citizenship when purchasing real estate
► Application in two copies. The form is filled out by the applicant or his representative by proxy
► Notarized translation of a passport
► Birth certificates of adult applicants and children (apostille);
► Marriage certificate (apostille);
► Certificate of family composition (apostille);
► Certificate that the applicant is married (apostille);
► Certificate of no criminal record for all applicants.
The package of documents will also require a tapu (certificate of ownership of real estate), a document confirming the fulfillment of investment obligations, and a valid residence permit in Turkey.
We receive a document confirming the fulfillment of investment obligations
In Turkish, this document is called uygunluk belgesi and is issued by the General Directorate of Cadastre and Tapu. The certificate confirms that the investor has fulfilled all the conditions and invested at least 400,000 USD in Turkish real estate.
According to the terms of the investment program, if a buyer obtains citizenship when purchasing real estate, he does not have the right to sell it for three years. This encumbrance is indicated in the document on the fulfillment of investment obligations.
When uygunluk belgesi was received, our specialists moved on to obtaining a residence permit, and then to preparing documents for citizenship.
