Investment Options
For Turkey Citizenship
The Turkish program offers five investment options:
1. Purchase of real estate — $400,000+
2. Bank deposit — $500,000+
3. Business investments — $500,000+
4. Purchase of government bonds — $500,000+
5. Purchase of units in an investment fund — $500,000+
Under the Turkish Citizenship Law, the investment sum is set in US dollars due to the volatility of the national currency.
Türkiye Citizenship by Investment
The Türkiye Citizenship by Investment Program (previously named the Turkey Citizenship by Investment Program) was launched in January 2017 to attract foreign direct investment to and boost growth in the country’s real estate sector. The program allows applicants to choose from a number of different types of economic contributions to Turkish society, thereby developing the country’s economy.
With the city of Istanbul embracing Europe and Asia on the Bosphorus Strait, Türkiye is a transcontinental Eurasian country. Its location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.
OPTIONS
Uğurluel Is a Globally Recognized
Turkish Citizenship Law Firm
UğurluelLaw Firm is a globally recognized Turkish citizenship law firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish citizenship lawyers are prepared to handle real estate acquisitions to get Turkish citizenship. Our investment for Turkish citizenship practice includes; buying, leasing, and selling residential and commercial properties to both domestic and foreign customers in Turkey.Ugurluel Law Firm also represent our clients in real property acquisition, we prepare real estate sale contracts or amend the contracts that are prepared by the developers. We also represent our clients throughout Turkish citizenship application process until they get their Turkish passport.
Our Turkish Citizenship Lawyers do perform Turkish citizenship services with investment options. We have extensive experience in immigration law in Turkey and we have obtained more than 400 passports. We have successfully represented clients from Iran, Palestine, Jordan, Lebanon, Morocco, Egypt, Tunis, Libya, Pakistan, Bangladesh, India, Hong Kong, Macao, China, Djibouti, Macedonia, USA, Algeria and we know how to get required paperwork done in each country.
Our Turkish Citizenship Lawyers perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship. Once the investment step is completed, we will apply for residency for the main applicant. After that, we will prepare Turkish citizenship file for the main applicant and his/her spouse and kids.
Generally, it takes 3-4 months to get a citizenship application accepted. We did not have any refusals so far. We got our last application accepted in 85 days. Once your application is accepted, you can apply for Turkish ID card and passport and get your fingerprints at Turkish Embassy in your country, you don’t have to come to Turkey at all.
However, if you like to come and get it done in Istanbul one of our English-speaking Turkish lawyers will help the you to get fingerprints and apply for Turkish ID card and passport. Turkish passport and ID card will be mailed to our office address.
We’re Turkish Citizenship Lawyers in Istanbul
The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017. Accordingly, the Turkish Government introduced the option of obtaining a Turkish Citizenship via making an investment in Turkey, like other countries in the world, with certain reservations. In line with the further amendments made by The President Decision No. 106 entered into force on September 19, 2018, the amounts of investment required for acquiring Turkish citizenship applications are lowered.
More recently, one of the exceptional cases based on purchasing a real estate with a minimum value of $400,000.- (Four Hundred Thousand US Dollars) was amended by the Presidential Decree No. 408 through the publication in the Official Gazette dated December 7, 2018 and it is now possible to apply for Turkish citizenship by executing preliminary sale contract before notary public as for the real estates under construction projects provided that a real estate has construction servitude deed or condominium deed. Accordingly, foreigners who satisfy at least one of the below-noted investment requirements may be granted a citizenship, subject to the approval and an administrative decision of the President.
Turkish Citizenship Law’s Article 12 allows foreign investors to acquire Turkish citizenship in exceptional terms; with 18.09.2018 dated 106 numbered Presidential Decree, amendatory new arrangements have been made regarding the amounts mentioned in the Article 20 of the Regulation on the Implementation of the aforementioned Law.
1-Turkish Citizenship with Property Purchase
Our Turkish citizenship lawyers are ready to assist you to purchase a property to apply citizenship. We do perform legal services for property purchase and management for foreign clients. Our services include preparation, legal help and representation regarding the sale or purchase of a real estate property in Turkey. Our Turkish Citizenship Law Attorneys are ready to apply citizenship with property investment.
An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction. Nowadays, there is huge demand for Turkish citizenship via the route of the USD 400,000 property investment law. Our attorneys will help from real estate purchase until you get Turkish citizenship.
Our Real Estate Purchase Services Include;
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Discuss Client concerns and issues with Client.
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Draft or review the offer, purchase contract.
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Discuss or negotiate the offer or contract with the Developer or the Developer’s lawyer.
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Prepare up to two sets of revisions or responses to counteroffers, if necessary.
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Review the information provided by the developer (if the property is off-plan).
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Check whether the house is free of charges and/or rented out (if the property is a second-hand home).
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Check whether the Real Estate Tax payments are in good standing.
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Check the local Municipality whether the Developer has all necessary licenses.
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Accompany you to the Title Deed Office in order to sign the purchase and sale deed.
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Change the property title in the Cadastral office.
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Process Client stamp duty tax on your behalf.
Our Turkish Citizenship Application Shall Consist of All Following Matters;
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Prepare residency application documents for Client, his wife and children.
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Prepare citizenship application documents for Client, his wife and children.
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Follow up application until the Turkish passports given.
Below Citizenship Services are Also Included in Our Fees:
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Getting the documents translated and notarized.
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Applying for the Turkish Tax Id Number.
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Assistance for opening a bank account in Turkey.
Property Management Services:
After we completed your property purchase, we can provide below services with an additionalfee;
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Registering your property with local Municipality to pay annual Environmental and Garbage Collection Tax.
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Arrange a real estate agent to list your property to lease.
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To sign a lease contract with your tenant.
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To make sure if the tenant is paying rent on time.
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If the tenant is not paying rent on time, we will send him/her a warning letter.
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If it is needed, we can file a law suit to evict the tenant.
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To observe if the tenant is paying monthly dues to the management.
Real Estate Purchase and Conformity Certificate
Our Turkish citizenship lawyers are ready to apply Turkish citizenship after receiving conformity certificate. Obtaining conformity certificate from Ministry of Environment and Urbanization for purchasing a real estate property with a minimum value of $400,000 or equivalent foreign currency or equivalent amount of Turkish Liras [prior to the amendment such amount was $1,000,000] and attached an annotation of no-sale for at least three years at the relevant title registry.
Purchasing a real estate property which has a property ownership or a construction servitude on it, with a preliminary sale contract executed before a notary public and at least $400,000 or amount of foreign currency or Turkish Liras has been paid in advance and such notarized preliminary sale contract should be recorded at the relevant title registry with the undertaking not to transfer or assign the agreement for a period of three years. In order to obtain conformity certificate from Ministry of Environment and Urbanization following steps should be taken into consideration:
In order to apply for Turkish citizenship by way of real estate investment in Turkey, the real estate should be purchased with a minimum value of $1,000,000 between the dates January 12, 2017 – September 18, 2018. If such real estate is purchased after September 19, 2018 and/ or such real estate is purchased with preliminary sale contract issued before notary public after December 7, 2018; the minimum value should be $400,000
A real estate value assessment report that shows the value of such real estate should be drafted by a real estate appraiser with a valid license approved by Capital Market Board in order to determine the value of the subject real estate. The date of issuance of such assessment report should be three months (at most) prior to the application date. Such value assessment report shall be valid until the end of the transaction. In case the applicant completed the purchasing transactions before obtaining a real estate value assessment report, the date of real estate value assessment report should be same with the date of purchase.
Previously, the sale price of the real estate indicated in the official deed shall not be less than amount which is stated in the real estate value assessment report. Now, the sale price of the real estate indicated in the official deed and a real estate value assessment report should be higher than $250,000 whereas the sale price of the real estate indicated in the official deed is not required to be higher than the amount stated in the real estate value assessment report.
2-Turkish Citizenship with Bank Deposit
Our Turkish citizenship lawyers are ready to apply citizenship with bank deposit, they will assist you to open a bank account. We generally open bank accounts with a Power of Attorney (PoA) given to us by our clients. Some of our client give us PoA in their own country either at Turkish Embassy or local notary and apsotille. A PoA can be given in a way called double legalization in some countries like China. In this way a PoA is prepared by a local notary and attested by the Foreign Ministry of that country and after that it is attested by Turkish Embassy.
In order to be eligible for bank deposit option, one must invest at least 500.000 US Dollars or its equivalent foreign currency or equivalent of Turkish Lira and make commitment to hold the amount of deposits for three years at banks operating in Turkey and for whom a certificate of conformity is issued by the Banking Regulation and Supervision Agency.
Our Bank Deposit Services Includes Following Matters;
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Passport translation and notarization
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Obtaining tax id number for client
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Opening bank account
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Arrange bank deposit
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Prepare documents to be signed by the Client.
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Follow up our paperwork with BBDK.
Our Turkish Citizenship Application Shall Consist of All Following Matters;
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Prepare residency application documents for Client, his wife and children.
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Prepare citizenship application documents for Client, his wife and children.
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Follow up application until the Turkish passports given.
Below Citizenship Services are Also Included in Our Fees:
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Getting the documents translated and notarized.
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Applying for the Turkish Tax Id Number.
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Assistance for opening a bank account in Turkey.
Additionally, we have extensive experience on resident permit and immigration & citizenship services for foreign citizens.
Bank Deposit and Conformity Certificate
Our Turkish citizenship lawyers are ready to apply citizenship after receiving conformity certificate after you finished depositing your funds. Obtaining conformity certificate from Banking Regulation and Supervision Agency for depositing a minimum of $500.000 or equivalent foreign currency or equivalent amount of Turkish Lira to banks that operate in Turkey [prior to the amendment such amount was $3,000,000] with the condition to keep such deposit in the relevant bank for at least three years.
Foreigners should deposit a minimum of $500,000 or equivalent amount in foreign currency or Turkish Liras to banks that operate in Turkey with the condition to keep such deposit at such bank for at least three years. The amount should be convertible and should be equivalent to $500,000.
It’s not required that such amount should be deposited to only one single bank that operates in Turkey. In this context, foreigner may deposit the money more than one bank operating in Turkey with the condition to keep such deposit at such bank for at least three years and the total deposited amounts should be equal to $500,000.
It’s essential to deposit such amount to banks that operate in Turkey. Therefore, it is not possible to assume an amount as convenient for the Turkish citizenship application which is deposited to a bank in abroad even if it is a branch office or association of Turkish Bank.
Foreigner shall also apply for Turkish citizenship based on a joint account (with his/her spouse or any other person) provided that joint account holder(s) other than the applicant has an express consent that they keep such deposit at bank for at least three years.
It is possible to change the currency or type of investment which is mentioned in Regulation (such as purchasing a real estate investment fund share and capital investment trusts fund share with a minimum value of $500.000). However, in case of shifting the amount to another investment type, such process should be instantaneous and there should not be any interruption for three years period. Otherwise, the BRSA shall promptly inform the Ministry of Internal Affairs regarding such interruption.
Please also note that in such three-year period, a foreigner may benefit from the interest, dividend and similar returns arising from the deposited amount pursuant to executed contracts with banks and type of the bank account provided that the deposited amount shall not fall below the amount of $500.000.
In the event that a currency other than the U.S. Dollar is deposited in the banks, the U.S. Dollar equivalent at the date of the opening of the account shall be determined and the deposited amount shall be expected to remain in the banks at the same rate determined for three years. Therefore, potential alterations on exchange rates shall not be considered.
The amount which deposited in a Turkish bank will be blocked for three years with applicant’s request. However, this is not a blockade that makes the amount cannot be withdrawn by the holder of the bank account. As soon as the amount withdrawn by the account holder or it is fallen under 500.000 USD, the bank will report the situation to the BRSA and the BRSA will immediately inform the Ministry of Internal Affairs for initiation the cancelling process for Turkish citizenship.
If this occurred once, new application will not be considered as an on-going time span [three year period]. Since the amount can be withdrawn by the applicant, there should not be any restriction on the deposit account such as a sequestration or any other legal limitations. If there occur any restriction, circumstance will be announced to Ministry of Internal Affairs.
Filing Turkish Citizenship Application
Our Turkish citizenship lawyers will apply citizenship after receiving conformity certificate. Required documents for Turkish Citizenship Application by way of investment are:
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Preliminary examination form (a standard form VAT-4)
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Notarized Turkish translation of the passport
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Identity registry copy of the applicant
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Birth Certificate of the applicant
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Marital Status Certificate/Document
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Valid residence permit obtained through the process above outlined
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Receipt slip for the application service charges made
In addition to this:
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If the applicant is divorced; Divorce Certificate/Decree
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If the applicant is married; Marriage Certificate
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If the applicant is widow; Death Certificate regarding his/her spouse
Required Documents For Turkish Citizenship Application
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Application form (Vat-4)
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Passport or ID card that shows his/her nationality. If he/she is stateless approved documents with Turkish translate certified from the notary.
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Consent letter (taken from notary or the related officer in domestic, if abroad external representation or from the authorized offices from his/her country) for the children who are under their mother’s/father’s custody and applying the citizenship with.
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Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate.
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Birth certificate that shows personal information, or population register sample document and if married family registration certificate that proves the family bond between his/her spouse and children.
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Service charge receipt from finance cashier desk.
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2 biometric photograph (50×60 mm, white background, machine readable, plain set by ICAO).
Turkish Citizenship Application in General Terms
Our Turkish citizenship lawyers are ready to apply citizenship with general terms. Apart from these options for investors; please note that Turkey is still very conservative in its citizenship applications. According to Turkish Nationality Act No.5901, a foreigner applicant should meet the following requirements in order to apply for Turkish nationality (excluding the exceptions provided with the new amendments for investor immigrants):
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Should be at the age of consent according to his/her national law (if he/she is not a citizen of any country, Turkish law is taken into consideration which requires 18 years old as the age of consent)
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Should reside in Turkey for the last five (5) years (without intervention/break) and should have the intention of settling in Turkey
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Should be in good health
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Should speak enough Turkish
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Should have enough financial resources to support the applicant and the applicant’s family.
If one meets the conditions above, a Turkish nationality Application can be made through the Consulate General or the local Governor’s office in Turkey with the following documents:
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A document revealing the present nationality of the applicant (passport or birth certificate)
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If married to a Turkish national, the official documents confirming the identities and family ties of the spouse and the couple’s under aged children
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Certification of applicant’s ability to speak Turkish (a certificate will be issued by this Consulate General upon a successful interview of the applicant)
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A medical certificate confirming the applicant’s good health and being free from any infectious diseases that may endanger the public health (this certificate can be obtained from hospitals or family doctors)
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Four (4) passport type pictures in color
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Completed application forms which can be obtained from Consulate General or Governorships in Turkey
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Document obtained from Provincial Directorate of Security showing uninterrupted residency as well as entrance and exit dates into Turkey
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Certification and translation fee payment slips
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Administration fee payment slips
Completed application files are submitted to the Ministry of Interior, which will consider and process the applications on their merits. It may take six (6) to twenty-four (24) months to obtain a ruling on the application.
Five(5) Year Rule and Extended Stay for Longer Term in Turkey
As outlined above (and except for special investment immigration options to be reviewed at a further section) foreigners shall reside in Turkey legally for longer than five (5) years to become eligible for citizenship applications. Alternatively, foreigners who reside in Turkey for longer than eight (8) years also become eligible to obtain an indefinite term residence permit (like US Greed Card) if they do not wish to switch to Turkish citizenship. Such valid longer term stay in Turkey could be achieved with different methods.
Marriage with a Turkish Citizen
Our Turkish citizenship lawyers are ready to assist you to apply citizenship with marriage. Foreigners are eligible to stay in Turkey for longer terms and/or become Turkish citizens upon marriage with a Turkish citizen. For becoming eligible for citizenship, the foreigner and the Turkish citizen shall be married for at least three (3) years.
Reach us for Turkish Citizenship Lawyers
Uğurluel Law Firm is a solution-oriented law firm that empowers clients to meet the diverse and changing demands of today’s citizenship with investment law. Our lawyers have been helping clients’ complex legal challenges and maximize opportunities for success. Our law firm is now one of the leading Turkish Citizenship law firms in Istanbul, Turkey. You may reach us for Turkish Citizenship Lawyers in Turkey through our Contact page.