Turkish Citizenship through property investment starting from $400,000
Applicants are required to purchase real estate in Turkey by investing at least 250,000 USD. This amount can be reached by purchasing single property or multiple properties.
The property cannot be sold for 3 years after the purchase. The non-salable record will be added on the title deed at the time of the buying.
The appraisal report taken for the property should state the property value is over 250,000 USD.
The value declared at the title deed office for the purchase should be over 250,000 USD after it is converted with that day’s official exchange rate announced by the Central Bank of Turkey.
The transferred amount to the seller should be over 250,000 USD. Receipt from the sender’s bank needs to be taken with the approved wet signature of the bank.
The property which is purchased should not be registered under any foreign real person after the date: 12.01.2017. A foreigner should buy the property from a Turkish person or company (if a foreigner is a partner in the company, it will not apply) in order to be eligible to apply for Turkish citizenship.
For the properties that will be purchased with a payment plan, the down payment which needs to be over 250,000 USD should be transferred for the procedures to start for the citizenship application. The notary sales contract will be signed after the payment with the seller.
For the properties that will be purchased by cash, the title deed should be transferred to be able to start the citizenship application.