Turkish Citizenship by Investment
— $400,000 Real Estate Route
I have prepared this document to walk you through the key legal requirements and frequently asked questions regarding the Turkish Citizenship by Investment program via real estate acquisition. Please review the questions below carefully. Should you have any further questions or wish to proceed, I am available at your convenience.
As per the 106th Presidential Order, foreign nationals who buy or pledge to buy real estate(s) worth at least 400,000 USD with a pledge not to sell it for 3 years, may apply for fast-tracked Turkish Citizenship by Investment.
The investor may apply for Turkish citizenship together with their spouse and all children under 18 years of age.
In order for a property to be eligible for Turkish citizenship by investment, all 3 of the following figures must be equal to or greater than 400,000 USD:
- Amount of sale price paid by the buyer to the seller by bank
- The property's value assessed by the certified surveyor/expert
- The sale amount that is declared by the seller to the title deed office
Also, the seller must be a Turkish citizen and the property must not have been used for a Turkish citizenship application in the past.
However, this is not an exhaustive list of all requirements. Please consult with an experienced lawyer before you invest.
It can be a residential property or a commercial property. However, cannot be an undeveloped land.
You may invest in multiple properties as long as the total amount of investment meets the minimum required amount of 400,000 USD.
You may co-invest in a single property with another investor, and you may both apply for CBI as long as each investor's individual share of the investment meets the minimum required amount of 400,000 USD.
When you are applying for Turkish citizenship, you may not use a bank loan from Turkish banks to cover any part of the minimum required investment of 400,000 USD. However, you may use a bank loan for an amount that exceeds 400,000 USD.
You can sell your property 3 years after you buy it.
Unlike other Citizenship by Investment (CBI) programs, the Turkish citizenship program gives investors the freedom to choose any property they prefer. You may purchase a brand-new property directly from a construction company or a second-hand property from a private individual.
