Legal Ground
With (b) prepended to the first paragraph of Article 12 of the Law No. 5901;
Buying at least USD 500,000 or equivalent foreign currency or Turkish lira worth of real estate investment fund share or venture capital investment fund share with the condition that cannot be sold for at least three years, as attested by the Capital Markets Board of Turkey
The investment with the least amount to be paid brings lots of profits to the investor. Buy any type of Real Estate with a value of at least $400.000. Could be sold after 3 years of holding it on the investor's behalf.
Find the application steps below for Turkish Citizenship by Acquiring Real estate.
It is important that the investments to be made by foreigners in Türkiye and the applications to be made based on them are made correctly and accurately, in order to prevent mistakes that cannot be corrected afterwards. Therefore, D Vizyon, which has been providing consultancy services to foreigners since 2006, also guides you in the process of citizenship acquisition. It will always follow the current legislation and help you to realize what you need with sufficient instruments, and will carry out your transactions on the basis of transparent and accountability principles.
Applicants are required to purchase a property in Turkey which is worth a minimum of $400,000. This can be fulfilled either by purchasing a single property or multiple properties, with provisions of regulations. Any kind of property can be subjected to investment if valued minimum of $400000. (residence, commercial real estate, land, field, etc.)
Applicants are required to keep the purchased property for at least 3 years. This commitment must be registered as an annotation on the Title Deed and/or on the Notarized Sales Contract.
The value of the property will be determined by an Authorized Valuation Company done by the authorities that are announced by the Banking Supervision Board. The value of the property must be at least $400,000 in the valuation report.
The Property purchase price must be paid to the seller via bank transfer to be supported by bank receipts that prove the transaction is made from the buyer’s account to the seller’s account.
With the new regulation published on 24th of January 2022, $400000 must now be sold to the Central Bank of Türkiye. For this transaction, it is mandatory to submitt a Foreign Exchange Purchase document.
The officially declared value of the property must be minimum of $400.000 at the time of the Notarized Sales Contract and/or of its ownership transfer at the Land Registry Office
The price corresponding to $400000 in the Foreign Exchange Purchase document must be stated in the title deed
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