overview of the turkish citizenship by investment program

At globalvisas.me, we have developed strategic partnerships with premier Turkish lawyers and real-estate professionals.

With decades of on the ground experience in Turkey, we are one of the most established service provides for obtaining Turkish Citizenship and can represent your interests every step of the way.

The Application Process

Step 1:     Purchase of Immovable Property or bank deposit

The main investor (i.e. applicant) must purchase property for a minimum of $250,000 USD. This property must be held for a minimum of three (3) years

OR;

The main investor (i.e. applicant) must place $500,000 USD in qualifying Turkish financial instruments to be held for a minimum of three (3) years

Real-Estate Due Diligence & Property Search for Turkey

Global Citizenship Services can support you through the entire process of acquiring property in Turkey. Our team of legal and real-estate professionals work together to present investment options that have gone through significant due-diligence checks. During this process you may consider investing a larger development project or simply searching the Turkish real-estate market for individual property.

Turkish real-estate developers are one of the major entities in the Turkish Citizenship program. There are hundreds of developers, and thousands of projects to choose from. These can range from residential buildings, to commercial and mixed-use development projects.

We work only with the top-tier developers – these are real-estate companies that have proven themselves through decades of experience and success, working with large multinational brands and Turkish government entities, such as the Ministry of Defense.

During this step we will evaluate the title of the property and obtain an certified evaluation reports of the property. We will make an examination of the property to ensure that title deed reflects the true market evaluation and negotiate any necessary terms with the seller to ensure that it meets the Turkish Citizenship regulations.

For those that are interested in visiting Turkey, meeting with the developers and viewing the properties please inquire about our VIP Visitor Package for Turkey. Request project information and contact us today.

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Step 2:     Turkish CBI Application process

As we narrow down the list of properties to purchase or structure the financial transaction for the bank deposit option, our Turkish legal team will commence work on your citizenship application. This is the administrative aspect of your application and will generally take 1-2 months to prepare your case. Unlike some other Citizenship by Investment programs, the Turkish Citizenship program does not have a high-barrier of entry:

• NO language requirements;

• NO burdensome source of funds requirements

• NO net-worth requirements

• NO detailed background checks

• NO residency requirements

Overview of Materials Required 

In order to prepare your Turkish Citizenship by Investment application we would generally require material form the below list. Please note that the required documents will vary depending on the individual client. Sample list of documentation may include:

• Original Passport(s) for all individuals named on the application

• Proof of the Real-Estate Purchase

• Bank Transfers demonstrating the minimum investment amount of $250,000 USD

• Official Property Valuation Report

• Other official documents: Birth Certificates, Marriage Certificates, official family records

• Power of Attorney issued by a notary public in Turkey or Turkish Embassy

• Biometrics & Fingerprinting

At globalvisas.me, our network of experts will guide you through the entire Turkish CBI process.

Most of the documentation will need to be notarized and translated into Turkish. We will assist you with the critical and more complicated aspects of the application process, such as obtaining the property valuation report, as well as a Turkish tax registration number.

Some countries, such as China and India, are also providing official fingerprinting services in the capital cities – therefore, an applicant in Beijing or New Delhi can simply visit the official service provider for the Turkish Embassy to undergo the necessary fingerprinting and never step foot in Turkey for purposes of submitting an application.

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Step 3:     purchase of real estate

Each investor-applicant may have different preferences for acquiring property and purchasing real-estate through the Turkish Citizenship Program. We aim to provide a tailored-service for our clients, and work with you to ensure that you feel secure in the entire property acquisition process.

Generally, there are two different ways to acquire property in Turkey for purposes of citizenship: (a) Through a real-estate development project; or (b) Purchasing individual, private property.

• The purchase price must be paid through a bank (cash payments do not qualify)

• While you do not need a Turkish bank account to purchase the property, we recommend doing so. We can assist you with opening a bank account with your passport, tax ID, and proof of residential address

• The property valuation report is only valid within 3 months of your citizenship application

• The exchange rate of the dollar will be calculated according to the official price at the date of purchase, according to the Central Bank of the Turkey price bulletin

• The property or appraised price cannot be under $250,000. We recommend always buying a slightly more expensive unit to take into account currency fluctuation. 

• You can buy more than one Unit(s) to meet the minimum investment amount. 

Regardless, of the path that you choose the requirements are the same. The value of the property or properties must be a minimum of $250,000 USD and generally follow the below steps:

TURKEY CITIZENSHIP BY INVESTMENT

FREQUENTLY ASKED QUESTIONS

Can I purchase more than one property to meet the $250,000 requirement for Turkish Citizenship?

Yes. Investors who wish to purchase multiple properties may effectively value the total sum of the real-estate portfolio to meet the Turkish Citizenship requirements. It is important that each individual property is properly evaluated through the formal processing requirements for citizenship.

Does Turkey permit dual citizenship?

 es. It is important to note that you should also inquire as to the laws regulating your own country of origin and nationality. For example, China and India do not recognize dual nationality – and you should consult with an attorney to learn more solutions for maintaining dual nationality.

Can I include my parents as dependents on the Turkish citizenship application? What about my children?

Parents are not considered dependents for purposes of the Turkish citizenship application. Parents will need a separate application. Only children who are under-18 are considered dependents for purposes of a Turkish citizenship application. If a child is older than 18 it is necessary to demonstrate that there are serious outstanding reasons as to why they should be considered a dependent (i.e. mental capacity).

How long will it take to receive my Turkish passport?

Generally, around 3-months. The Turkish processing for the citizenship application is one of the most effective and expedited.

Do I need to visit Turkey to go through this process?

No. There is no core-requirement that you visit Turkey before becoming a citizen. It is important to note that fingerprinting (i.e. biometrics) is part of the citizenship process, and Turkey is making efforts to provide this service in foreign countries. At the present time, Turkey has implemented overseas services for fingerprinting in countries such as India, China and elsewhere.

A citizenship application may also be compiled and submitted directly to the Turkish Embassy in your respective country. For example, in New Delhi the Turkish Embassy has specific procedures for submitting an application and we encourage you to work with local, qualified professionals to ensure a flawless application.

Can you help me find property that meets this requirement?

Yes. we have partnered with premier real-estate developers and professionals to provide clients with a diverse portfolio of real-estate investments. Our Turkish lawyers conduct extensive due-diligence on all potential investment properties to ensure that the titles are clear and that investor interests are protected.

Contact us today to learn more about current real-estate investment properties in Turkey.

Do I need to show where my money is coming from when I acquire property in Turkey?

Turkey does not require source of funds documentation as part of the citizenship application process. In fact, Turkey is one of the least restrictive and sometimes simply requires proof for the acquisition of the property in Turkey. At globalvisas.me we work with qualified immigration attorneys that will guide you through the investment procedures from day one to ensure that you meet this requirements for the citizenship application.