Frequently Asked Questions
How to gain Turkish Citizenship by Investment / buying property?
Acquired a property worth a minimum of USD 400,000 or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years, as attested by the Ministry of Environment and Urbanization.
Made a minimum fixed capital investment of USD 500,000 or equivalent foreign currency or Turkish lira, as attested by the Ministry of Industry and Technology
Source: https://www.invest.gov.tr/en/investmentguide/pages/acquiring-property-and-citizenship.aspx
Can the currency be exchanged at the bank after it is first transferred to the seller's account?
Currency may be sold first by the buyer to the seller’s account and then by the seller to a bank for exchange with the central bank. The critical point here is that the foreign exchange purchase document must be made before the transaction.**
**For example, from the foreign bank account of foreign national J.S., the sale price of the independent section no. 5, parcel no. 101, Aydın province, Didim district, Çamlık mah, 270.000 USD, the sales price of the real estate seller, Turkish citizen BZ, Ziraat Bankası Didim After the transfer to the USD account in his branch, the real estate seller BZ The “Currency Purchase Certificate” showing that this amount (270,000 USD) was sold to the Central Bank on behalf of the foreign national J.S. and the approved bank receipt for the foreign currency transfer sent by the foreign national J.S. must be submitted to the Land Registry.
When expressed briefly; Foreign Currency Purchase Document + approved TL payment receipt or approved (USD Currency) payment receipt + Foreign Currency Purchase Document; Foreign currency sales transaction and receipt date priorities may change.
For More Information PLEASE Check ; https://www.tkgm.gov.tr/en/node/9112
Is it obligatory to exchange foreign currency in sales transactions where foreigners are buyers?
T.R. Article 13 of the Circular on Capital Movements of the Central Bank, the Regulation on the Implementation of the Turkish Citizenship Law and the Implementation Instructions for the Sales of Foreign Exchange to the Central Bank of the Republic of Turkey have brought the Central Bank to exchange foreign currency in transactions where foreigners are buyers. In this context, people who do not have citizenship ties with the Republic of Turkey must pay for the real estate they will buy in Turkey in foreign currency. This foreign currency is sold to a bank, and by the bank to the Central Bank, by stating the reason before the title deed transactions. Payment is made in Turkish Lira to those concerned.
For More Information PLEASE Check ; https://www.tkgm.gov.tr/en/node/9112
Is there an obligation to exchange foreign currency for citizenship transactions?
In case the buyer is a foreigner, both for the acquisition of citizenship through real estate acquisition or for purchases that will not be subject to citizenship, it is obligatory to exchange the foreign currency with a bank operating in Turkey and with the Central Bank by the relevant bank.
For More Information PLEASE Check ; https://www.tkgm.gov.tr/en/node/9112
What is floor easement ?
It means the registration of independent sections in the land registry, which will be the basis for the transition to floor ownership after the project approval of a construction to be made subject to the Condominium Ownership Law on a land.
What is the delivery time of the apartments?
TSI YAPI delivery time varies between 12 months and 30 months depending on the project.
What are the Documents Required for Citizenship Application ?
* Title deed or title deed information of the immovable,
* Passport / Country ID that shows the nationality information (with translation if necessary),
* Real Estate Valuation (Appraiser) Report
* “Real Estate Market Value Certificate” of the immovable from the municipality (In some municipalities it has been removed)
* Compulsory earthquake insurance policy for buildings (housing, workplace… etc.),
* Identity Information Declaration Form and Photograph (within the last 6 months, 6×4 size),
* Foreigner Identity Number Determination (If no response can be obtained from the immigration net, with the tax number
processing can be continued.)
* Bank approved receipt,
* Sworn translator for the party who does not speak Turkish (by the Regional Judicial Justice Commission or by the Presidency of the Judicial Committee of the First Instance Court of Judicial Judiciary
authorized)
* If there is representation, document related to representation (transaction with a power of attorney issued abroad)
if the conditions are met with the circular numbered 2015/5 (1767)
required.)
Can there be more than one number of immovable properties to be purchased in order to obtain Turkish citizenship ?
There is no limitation on the number of immovables to be acquired through sale or subject to the promise of sale. The value sought on the dates specified in the regulation
It is important to find the totals.
