APPLICATION FOR TURKISH CITIZENSHIP THROUGH REAL ESTATE PURCHASE

With regards to the acquisition of Turkish citizenship through the acquisition of real estate, three major amendments were made on 12.01.2017, 19.02.2018 and 07.12.2018 within the scope of subparagraph (b) of the second paragraph of Article 20 of the "Regulation on the Implementation of the Turkish Citizenship Law". Within the scope of this enforcement, in order to apply for Turkish Citizenship by investment, firstly

  • It has been decided that the value of the immovable purchased between the dates of 01.01.2017 and 18.09.2018 should be a minimum of 1,000,000 USD (USD).
  • A new amendment was made in the regulation on 19.02.2018 and it became easier for foreign investors to acquire Turkish Citizenship. With the new amendment in the regulation on the implementation of the Turkish Citizenship Law,
  • It has been decided that the value of the immovable purchased or to be purchased after the date of 2.2018 should be at least 250,000 USD.
  • The last amendment in the Regulation on the Implementation of the Turkish Citizenship Law took place on 07.12.2018 and
  • It has been decided that the minimum value of the immovable, with a preliminary agreement to sell has been drawn up or to be arranged, will be 250.000 USD after 12.2018

HOW DOES THE PROCESS WORK?

After completing the application process for Turkish citizenship, application for T.C. identity card is made at this stage. The investor can benefit from all the advantages of Turkish citizenship as social security rights have been established once T.C. identity card is obtained.

All services are performed as quickly as possible. Fast service and complete satisfaction are the main goal. Applicants must have a valid residence permit at the time of their citizenship application and can continue to live abroad as long as they wish

At this stage, the application for residence is made for the foreign investor first and then the citizenship application is made. It is not necessary for the investor to be present in the application process, this process can be completed by being notified online, while our investor is waiting in his/her own country.

Our company officials provide guidance on opening an investor's bank account, in transactions that require follow-up, such as title deed transfer and registration transactions and obtaining a tax number.

Within this period, the employees of our company assist the investor to gather the necessary documents. At this stage, a detailed checklist is given to the investor who will apply for citizenship and guidance is provided during the document collection stage. Documents collected for citizenship are meticulously checked for eligibility.

Consultancy services are provided regarding the selection of the real estate to be invested and the investment conditions. Details such as investment area, income levels, return on investment and location advantages are discussed and directed to the right product.

CITIZENSHIP RIGHT THROUGH FIXED CAPITAL INVESTMENT

It has been decided that foreign investors identified by the Ministry of Industry and Technology, who have made a fixed capital investment of 500,000 USD or equivalent in foreign currency or Turkish Lira, can be granted Turkish citizenship upon the proposal of the Ministry of Interior and the President's Decision with the “Regulation on Amending the Regulation on the Implementation of the Turkish Citizenship Law”

  • In the event that foreign investors acquire a non-public company completely or become a partner to a certain extent; the amount corresponding to the rate equivalent to the partnership share purchased by the foreign investor must be at least 500,000 US dollars or its equivalent in foreign currency or Turkish Lira. In these cases, a company valuation report may be requested from the authorized institutions regarding the determination of the market value of the acquired/partnered company.
  • The date of January 12, 2017, when the first regulation was issued, will be taken into account in the determination of fixed capital investments. Fixed capital investments made before this date will not give the right of petition for citizenship.
  • A maximum of 3 years of retroactive expenditure will be taken into account when calculating the fixed capital expenditures for applications to be made in the coming years.
  • In case of an additional fixed capital investment in an existing investment, the increase in the fixed capital investment amount and the share of the foreign investor in the company will be taken into account as of the start of the additional investment. In other words, if the foreign investor is a shareholder of the investing company at a certain rate, the amount to be obtained as a result of multiplying the ratio corresponding to the share of the individual in the investing company with the total additional investment amount must be at least 500,000 US Dollars or its equivalent in foreign currency or Turkish Lira
  • Real persons who are entitled to acquire citizenship by making a fixed capital investment cannot transfer their shares in the company to another real or legal person for at least three years.
  • The process of citizenship procedures of the applicants, who are detected to have applied with a false and misleading document due to its content by the administration, is suspended. The aforementioned determinations regarding the persons who have acquired citizenship and the cases where the fixed capital investment is transferred before three years and the minimum amount is below shall be notified to the Ministry of Interior. Applications to be made at a later date by persons who apply with false and misleading documents due to their content will not be taken into account even if they meet the relevant conditions.

CITIZENSHIP RIGHT WITH DEPOSIT INVESTMENT AND INTEREST YIELD

With the 1st article of the Supplementary Decision of Presidential Decision No. 106 published in the Official Gazette dated 19.09.2018 and numbered 30540, the phrase "Proposal of the Ministry and the Council of Ministers" in the second paragraph of this article was changed to "President" and the phrase "3,000,000 US Dollars" in sub-paragraph (ç) of the same paragraph has been changed to "500,000 US Dollars or equivalent foreign currency or Turkish Lira" and the phrases “3,000,000 US Dollars” and “By the Undersecretariat of Treasury” in sub-paragraph (d) have been replaced by “500.000 US Dollars or equivalent in foreign currency or equivalent in Turkish Lira” and “by the Ministry of Treasury and Finance”, respectively.

As a result of the amendments to Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law, in order for foreign investors to apply for Exceptional Turkish Citizenship by making deposits, it is required to invest at least 500,000 USD or equivalent in foreign currency or Turkish Lira in banks operating in Turkey. According to this, It is possible for foreign nationals:

  • who have deposits of at least 500,000 USD or equivalent in foreign currency or Turkish lira to banks operating in Turkey, provided that they meet other necessary conditions
  • whose status regarding investments made in banks operating in Turkey is determined by the Banking Regulation and Supervision Agency, provided that other necessary conditions are met.
  • who make a commitment to keep the deposit for 3 years, to acquire Turkish citizenship provided that they meet the other necessary conditions.

Due to its long years of experience and job completion skills EasyBuy A.S. company manages all your legal processes in partnership with the CIP LAW company with a guaranteed customer satisfaction.