Turkey's allure extends beyond its stunning landscapes and rich history. In recent years, the country has emerged as a popular destination for acquiring citizenship through real estate investment. This program offers a streamlined path to citizenship for foreign nationals, attracting individuals seeking a second home, investment opportunities, and a gateway to Europe.

Key requirements for obtaining Turkish citizenship 2024

• Minimum investment: You must purchase a property valued at a minimum of $400.000. This applies to residential and commercial properties.
• Government valuation: The property's value must be verified by a government agency in Turkey. This ensures transparency and adherence to the minimum investment threshold.
• Proof of funds: You'll need to demonstrate the source of funds used for the purchase. Bank transfer receipts totaling $400.000 (even if paid in installments) serve as evidence.
• Title deed: The property title deed needs to be prepared regardless of whether the property is completed or under construction.
• Three-Year commitment: You'll be required to undertake a commitment not to sell the property within three years of the purchase date.

Additional considerations:

• Family sponsorship: The good news is that you can extend the citizenship application to your spouse, dependent children under the age of 18, and even financially dependent adult children under certain conditions.
• Multiple properties: Combining the value of multiple properties purchased simultaneously can fulfill the minimum investment requirement. However, each property must be individually registered in the Land Registry.

Conditions for obtaining Turkish citizenship through real estate investment in Turkey in 2024

• Purchasing a property or group of properties on Turkish lands worth at least $400.000.
• Maintain the property and not sell it for at least 3 years.
• The person wishing to buy real estate and obtain Turkish citizenship must be a holder of one of the nationalities that are allowed to own and buy real estate in Turkey. This law includes most nationalities with the exception of the following nationalities: Syrian, Armenian, Cuban, Nigerian, and North Korean.
• The property must be officially registered in the name of the foreign investor.
• The property must be suitable for housing or investment.
• The property must be free of any mortgage or lien.
• Submitting the foreign investor’s latest criminal record document from his country of origin during the past six months.

The application process: The steps to Turkish citizenship

Obtaining Turkish citizenship when purchasing a property worth less than $400.000 involves a series of steps. Here's a roadmap to guide you:

• Property selection and purchase: Meticulously research and choose a property that meets your investment goals and the program's criteria. Secure the purchase with a reputable developer or realtor and ensure all legal documentation is in order.
• Property registration: Register the property at the Land Registry Department. This establishes your official ownership and facilitates the valuation process.
• Government valuation report: Obtain a valuation report from the relevant government agency in Turkey. This report verifies that the property meets the minimum investment threshold.
• Residence permit application: Apply for an investment residence permit with the Immigration Department. This permit allows you to reside in Turkey while your citizenship application is being processed. Supporting documents include proof of address, passport, photos, and the property valuation report.
• Turkish citizenship application: After holding the residence permit for at least five years (unless through the property investment route), submit a formal application for Turkish citizenship at the Population Directorate. The application package typically includes various documents such as your residence permit, passport, proof of financial resources, and a criminal background check.

Factors to consider for a successful Turkish citizenship application

While the eligibility criteria and application process provide a framework, additional factors merit your attention:

• Professional guidance: Partnering with a reputable lawyer specializing in Turkish immigration law is highly recommended. They can navigate the legalities, ensure compliance, and expedite the process.
• Due diligence: Conduct thorough due diligence on the property you intend to purchase. Research the developer's reputation, verify land ownership titles, and understand any potential restrictions on the property.
• Tax implications: Be aware of the tax implications associated with property ownership and potential capital gains taxes upon sale. Consulting a tax advisor is prudent.
• Cost considerations: Factor in additional costs beyond the property purchase price. These may include legal fees, translation services, application fees, and potential property taxes.

Professional guidance for obtaining Turkish citizenship 2024

While the program's eligibility criteria and application process provide a framework, navigating the legalities, ensuring compliance, and maximizing efficiency requires specialized expertise. Here's how a professional real estate consultant can be instrumental in your success:

• Streamlining the process: The lawyer well-versed in Turkish citizenship procedures can guide you through each step, ensuring all documentation is accurate and complete. They can anticipate potential roadblocks and devise strategies to overcome them, streamlining the overall process.
• Mitigating Risks: Legal complexities abound in any property transaction, and navigating them in a foreign country can be particularly challenging. A seasoned lawyer can identify potential risks associated with the property itself, such as title disputes or zoning restrictions, protecting you from unforeseen complications.
• Due diligence expertise: Conducting thorough due diligence on the property you intend to purchase is paramount. A lawyer can assist in investigating the developer's reputation, verifying land ownership titles, and uncovering any potential restrictions on the property. This safeguards your investment and ensures it aligns with the citizenship program's requirements.
• Investment strategy formulation: Beyond the minimum investment threshold, a lawyer can help you develop an investment strategy aligned with your long-term goals.  They can advise on property types, locations, and potential for capital appreciation, ensuring your investment serves a dual purpose, obtaining citizenship and achieving financial objectives.
• Tax implications navigation: Property ownership in Turkey comes with associated taxes. A lawyer can advise you on these, including property taxes and potential capital gains taxes upon selling the property. This allows you to make informed financial decisions and avoid any unexpected tax burdens.
• Post-Application support: Even after submitting your application, a lawyer can provide ongoing support. They can keep you updated on the progress, answer any questions you may have, and address any unforeseen issues that may arise.

Frequently asked questions about Turkish citizenship

What are the ways to obtain Turkish citizenship?

There are several ways to obtain Turkish citizenship, including:

• Marriage to a Turkish citizen: Turkish citizenship is automatically granted to foreigners who marry Turkish citizens after 3 years of marriage.
• Residence in Turkey: Foreigners who reside in Turkey legally and continuously for 5 years can apply for citizenship.
• Real estate investment: Foreigners who invest in Turkey an amount of at least $400.000 in real estate or business projects can apply for citizenship on condition that they maintain the investment for 3 years.
• Employment in Turkey: Foreigners who work in specific jobs in Turkey can apply for citizenship after 5 years of work.
• Turkish origin: Foreigners who have a Turkish origin can apply for Turkish citizenship.

What is the easiest and fastest way to obtain Turkish citizenship?

Purchasing a property worth $400.000 is the easiest and most common option to obtain Turkish citizenship through investment. Once you purchase the property, you can obtain Turkish citizenship in less than 90 days.

What is the cost of obtaining Turkish citizenship?

The cost of obtaining Turkish citizenship varies depending on the method you choose. In general, costs range from $5.000 to $10.000. These costs include application fees, translation fees, attorney fees, taxes, and others.

Is it necessary to live in Turkey to obtain Turkish citizenship?

No, it is not a requirement to live in Turkey to obtain Turkish citizenship. You can obtain Turkish citizenship after purchasing a property in Turkey, even if your permanent residence is outside Turkey.

Can I obtain Turkish citizenship by purchasing more than one property?

Yes, you can purchase multiple properties on condition that their total value together is more than $400.000. You can also purchase one property, provided that its value is more than $400.000.

Can I sell the property after obtaining Turkish citizenship?

The property cannot be sold until 3 years from the date of purchase, and you are required to write an undertaking not to sell the property for 3 years, and this undertaking is registered in the Tapu (within the title deed).