Turkish Citizenship by Investment

INVEST 250.000 USD & BECOME TURKISH CITIZEN

With the decisions published on 19.09.2018 and 07.12.2018 on the Turkish Official Gazette, some regulations regarding the transition of foreigners to Turkish citizenship changed. Turkish citizenship will be given directly to foreigners who buy at least 250.000 USD real estate in Turkey and who give a commitment to buy a property worth of 250.000 USD from the notary.

Turkish passport and citizenship are processed and delivered in a relatively very short time averaging 30-45 working days.

MAIN STEPS

CALL US NOW FOR VIEWING TOUR

If you are looking for a holiday home, permanent residence or a financial investment, it is important to get to know the area first and then decide whether it is the right location for you.

We arrange you an inspection tour in Turkey for you to view the properties and the location which you are interested in. You will not be part of a group and will have your own dedicated representative. According to your criteria, you can see and evaluate the properties selected for you. You will experience our Turkish hospitality during the trip; there is no pressure or obligation.

The viewing tour includes;

- Pick customer up from the hotel (optional),
- Meeting in our office before the viewing tour,
- Inspection tour of the city and selected properties,
- Guidance regarding buying property in Turkey,
- Consultation on all issues of interest regarding employment, education, obtaining a residence permit, citizenship etc.

Property Purchasing in Turkey

To foreigners, the property buying process in Turkey may seem daunting and like negotiating a minefield, however, rest assured, because the team at Pella Global have your back. As well as helping and supporting our customers at every stage of the buying process, we offer a comprehensive after-sales service to help you settle in and keep your new home in tip-top condition. When you choose to invest in Turkish real estate with Pella Global, the process will be smooth and easy.

Key Stages of The Property Buying Process in Turkey

1: Viewing Tour
A viewing tour of Pella Global begins with a meeting in one of our offices and discussing suitable options for viewing. At the request of the client, our real estate agent can pick you up from the hotel or other places where you stay.

From there, we will take you to see the suitable properties and the neighborhoods surrounding them. This is a stress-free process because we don’t do hard sales at Pella Global. We understand that Buying Property in Turkey is a big lifestyle decision and we want our customers to feel comfortable with their choice.

2: Deposit and Sales Agreement
Once you have chosen the property you want to buy, the next step is to sign the sales agreement with the seller and to make a deposit that is usually 5.000 USD.

At this stage, you will need your passport. The agreement will be in three languages, Turkish, English and your own.

Two copies are issued, one for each party. The agreement will include all terms and conditions related to the sale, and it is legally binding. At this stage, we also offer additional help including furniture shopping, obtaining tax numbers and opening bank accounts.

3: Payment
The sales agreements will also include the currency for payments, which usually consist of the following stages.

• A deposit (usually 5.000 USD) when signing the sales agreement
• Full payment when receiving the Title deed (Tapu)

In some cases according to the agreement with the buyer & seller;

• A deposit (10% of the property amount) when signing the sales agreement
• Second stage payment which is generally in 3 to 4 months’ time
• Final payment at the time of signing for Title Deed (Tapu)

4: Preparing the Appraisal Report
After the payment, the appraisal report is required before the title deed transfer. While preparing the valuation report, the expert checks the property itself, takes the photos, controls the registry at the Tapu office and checks the registered plans at the municipality and finally, collects the comparison prices. It takes 2 days to prepare the report.

5: Receiving Your Title Deeds (TAPU)
Unless you appoint a Power of Attorney, you will need to be present when notified that your title deed is ready for collection. At this stage, the final payment must be made, and all taxes and state duties paid.

Both the seller and buyer meet at the title deeds office at the appointed time, where the official transfer of the title deed takes place in the presence of a sworn translator. Congratulations! You are the proud owner of a property in Turkey.

When Can I Move into My Property?

For resale properties, the buyer and seller agree on the handover date. It usually coincides with the full payment and signing of title deed. If you buy a brand-new apartment from a construction company, in most cases, the developers let buyers move in when 70% of the price has been paid.

How Will I Pay My Utility Bills?

We will also help you to get electricity and water registered, and at this point, advises you on the easiest and best ways to pay household bills.

What Documents Do I Need to Buy Property in Turkey?

Initially, to buy a property, you need a passport and local tax number, of which we will help you to obtain. You will also need the tax number as well as a utility bill from your home in the country you are living in, to open a Turkish bank account. Lastly, two photos measuring 3cm by 4cm are needed.

E-mail us if you have more questions about the property buying process in Turkey.

APPLY FOR CITIZENSHIP

1. Legal Research of the Property
Property buying may vary from a country to another country. There are not the same rules and standards in every country.

A most important part of buying a real estate is to contact correct party and understanding that seller is selling correct property which he is showing you.

a) When you decide to purchase an estate solicitor makes the initial checks in the Title Deed registration office to cover if there is;

~ Basement
~ Mortgage debt
~ Lien
~ Tax debt
~ Other debts and charges
~ If it is freehold or not
~ Checking the ownership fact of the property as written on the title deed

b) Solicitors also examine these related licenses;
~ Building license
~ Planning permits

2. Reservation Contract and Deposit Payment
Reservation contract secures the property on the client's name and confirms the agreed sales price and terms. It also shows that the payment made as deposit payment secures the agreed terms on the contract.

3. Property Purchasing Contract in Turkey
~ If there is a reservation contract which includes the agreed terms by the parties the solicitor shall draft the purchase contract according to this.
~ If there has not been a prepared contract and agreed terms the solicitor shall draft the purchase contract according to the satisfaction of all parties with legitimizing the requests of them.
~ If there has already been a drafted contract, the solicitor shall review the contract to ensure that does not damage the rights of the client and fully legal.

Solicitors Fee in Turkey
Lawyer legal service fee in Turkey is 1% of the purchase price of the property minimum amount of 1.750 USD + 18% VAT. This fee may vary from a lawyer to another lawyer. Please ask for purchasing process details for your case and the legal entities.

Pella Global has a list of English speaking lawyer / solicitor names. As lawyers are dedicated to saving your rights, they are not related to our company. If you contact us, we might send you the list of lawyers. You may choose one of these names and agree on the terms by yourself.

However, if you buy your property from Pella Global, we follow up entire process safely without any solicitors charge.

RECEIVE YOUR TURKISH PASSPORTS

Benefits of Turkish Passport
As the world has become increasingly globalized and travel has become such a popular norm for people, having visa-free access has made it very encouraging for people to travel. Individuals want to transcend the borders and access various business, career, cultural and lifestyle opportunities on a global scale. One country that is making headlines nowadays by offering lucrative investment opportunities in return for citizenship, is Turkey.

Advantages of the Turkish Passport
• Visa-free to 77 countries easier entrance rights to all 26 Schengen Zone Countries.
• No need for a minimum residency period required.
• In the top 30 passports of the world
• Contains full medical right.
• Holders obtain benefit from Pension Programs as the Turkish citizen.
• Provides free education and University reimbursement plans.
• Gives voting rights to all kinds of elections.
• Allows dual citizenship indeed who have a Turkish passport, they can also have dual citizenship. Turkish passport has a 10-year validity when you take it and it is renewable for a lifetime.

Dual Citizenship & Turkuaz Card System
Dual citizenship is a status of a person who is a citizen of two different nationalities at the same time. Turkey allows dual citizenship.

If you live in a country which does not allow dual citizenship or secondary citizenship, Turkey has a Turkuaz Card programme. Turkuaz card gives you full citizenship rights except voting in Turkey.

Types of Turkish Passport
There are four different types of Turkish Passport:
• Ordinary Passport: Public passport of Turkish citizens. Foreigners gain ordinary passports with citizenship by investment programme
• Green passport: High-level government officers
• Grey Passport: State employees, journalists and etc.
• Black Passport: Authorized government officers working abroad as diplomats

How to Get a Turkish Passport?
There is a number of ways to obtain a Turkish passport; however, the most popular one at the moment is acquiring citizenship by property and fun purchase. According to the new law in Turkey, it is possible to gain Turkish citizenship by means of buying real estate valued at 250.000 USD.

Alternatively, you can also invest in a Turkish bank with a deposit of 500.000 USD, either of those will guarantee a Turkish passport within 60 days that is handed directly to you. Additionally, shall you property purchase through our company, we will make sure this process is as smooth as possible with every step of the way as part of our free after sales services. Research shows that property sales have been increasing which means that more and more people come to Turkey and they want to settle down. Pella Global will guide you in buying the best properties from luxury complex apartments to private villas with the rich portfolios and experienced sales agents. Whether it's to start a second life, or it's investment new business opportunities, Pella Global can answer your all demands. We are by your side in the process of taking Turkish citizenship and Turkish Passports.

So, Why Turkey?
It is undoubtedly true that there are numerous benefits of getting citizenship from other countries across the world, and Turkey is a country that is preferred by many foreigners in this regard. Turkey’s historical background, cultural wealth, strategic location, economic growth, geographical position, climate, and nature have made Turkey stand out from other countries in the world. The domestic and foreign investors and entrepreneurs would have privileges when they get the Turkish Passport.

Research shows that property sales have been increasing which means that people who visit Turkey, have decided to settle down for various reasons. One reason that has made Turkey attractive is that it has witnessed all civilizations, Turkey hosts the first human settlement which has a history of 12.000 years. We offer best properties in Turkey’s popular cities such as; if you like beach and holiday lifestyle, Antalya and Mediterranean region - If you like quiet and peaceful places, Trabzon and Black Sea region – If you want to live in the heart of Turkey, Istanbul is suitable for you.

The geographical position is another important factor. Turkey is a bridge between Europe and Asia and it has provided a functional role on a trade route. The geostrategic position of Turkey obtains both political weight and privileges to Turkish citizenship. In the near future, Turkey can be center between Europe and modern Western Europe. Being a transition center in the Far East and Near East does not seem to be a dream.

Turkey’s nature and climate turn it to heaven into the earth. Turkey is a unique country with its natural beauty, lush areas, pure sea, golden beaches, meadows, and flatlands. Thanks to these features, the tourism sector has an important place in the selection of the Turkish Passport.

Turkish economy growth determines Turkey’s position in the world. According to the new vision of the Turkish government that Turkey supports foreign and domestic investors and entrepreneurs. The Turkish growth strategy is based on supporting the economy, providing new resources and sustainable developments in the long term.

Turkey is closely following technological developments. Turkish government knows that supporting technological developments is a crucial step as this is considered to be an era of technological advancements. Both domestic and foreign investors are promoted by the Turkish government to contribute to this growth. This also shows that Turkish citizenship is packed with unmissable opportunities for both investors and businessmen.

According to "Henley Index" especially this year the Turkish passport has been ranked 38.th globally and it has 114 points on the travel without visa index. The data also points out that; Turkish passport gains entry and travel to 72 countries without the need for a visa. Turkish passport gives chance to enter 42 countries with a visa issued upon arrival. Turkish passport also provides the option to apply for the visa online via eVisa (internet) to 7 countries.

QUESTİONS:

PROCESS:

Q: How does Turkish citizenship acquisition work?
A: When you buy properties valued above 250.000 USD, you apply to title deed office (Tapu Office) General Directorate of Land Registry and Cadastre, you demand to obtain Turkish Citizenship. After the application, they check the appraisal report and bank transfer documents. Tapu Office gives approval for citizenship in between 3 and 7 days time. With this citizenship approval, we apply to the Immigration Office desk on the same day without waiting for an appointment for a contemporary residence permit. With the approval and residence permit, we apply finally to General Directorate of Population and Citizenship on the same day. After tapu application, all process is followed in a special Citizenship Information Office in Istanbul and Ankara. They finalize citizenship acquisition within 30 days.

Q: How should I calculate the exchange rate of USD and TL?
A: On the application date, Tapu Office calculates the value from the Turkish Central Bank selling rate (efektif satış kuru).

Q: How long does this process take?
A: It takes time within 30 days. The government has opened a special Citizenship office to reduce time.

Q: Is there any critical point that I should know?
A: Ministry wants to be sure that the value is minimum 250.000 USD. Sworn property valuation companies verify that the price is correct in order to prevent from price fraud. Appraisers might have up to %20 deviation (difference) than its sales price.

As we give you Best Price Guarantee that whatever you buy for citizenship, it will be the same on the appraisal report. We will advise you the best-priced properties to match the appraisal report.

Q: Is there any requirement for interview or test at any stage?
A: No.

Q: Will my citizenship automatically be granted when I fulfill the conditions?
A: No, the citizenship approval is contingent upon verification from archive records of national security units that the applicant poses no threat to national security.

Q: It seems complicated to apply and get Turkish Citizenship. Will I have an assistant for this process?
A: Expert team of Pella Global will be with you to guide you all through the process. We guarantee 100% happiness to our customers on their journey to reaching their dream homes since 2009.

Q: How do I get Turkish citizenship as a heimatlos (stateless person)?
A: When you buy at least 250.000 USD property, you can apply to Turkish citizenship with a required document certifying applicant’s statelessness. (Travel document issued by the United Nations.)

Q: You say, citizenship process might take 2 months time. Do I get Residence Permit on the application process?
A: Residence permit (no:6458/31-J) is granted to you and your family. We get Residence Permit on the same day after property approval without any waiting time.

Q: Do I need to complete Turkish Military Service if I become a Turkish citizen?
A: There are several answers. Your child under 18 years old, when they come to military age, yes they are obliged to do military service. It has a condition for dual citizenships; you may choose between two countries. If you have already completed, you might need to prove it. For people elder than 22 years old, you need to ask at the application if there is a special condition at Population and Citizenship General Directorate for appropriate information.

Q: Which nationalities may apply for Turkish passport?
A: All nationalities who are able to buy property in Turkey, may apply for Turkish citizenship by investment.

Q: Is it mandatory to live in Turkey to obtain Citizenship?
A: No.

Q: Is it possible to have dual nationality in Turkey?
A: Yes, Turkey allows dual nationality, but you should check with your consulate regarding your original nationality because some countries like India, China, and Saudi Arabia do not recognize or have certain restrictions in place regarding dual nationality.

Q: Do I have to renounce my current citizenship when I become a Turkish citizen?
A: No, Turkish laws allow dual or multiple citizenships. It is up to your own state regulation.

Q: Is there an alternative to Turkish Citizenship?
A: If your budget is not enough to get a Turkish citizenship by investment, you may apply for a Turquoise Card. The Turquoise Card serves like the Green Card of the US. Turquoise Card gives its holder all the rights of a Turkish Citizen except for the right to vote and the mandatory military service for the men.

Q: Is the applicant free to do any job or business in Turkey?
A: Yes. In professions such as doctors, lawyers etc. It is necessary to subscribe to the bar associations regarding special equivalence certificates.

 

PROPERTY:

Q: Should I buy one property above 250.000 USD or can it be multiple?
A: You might buy several properties which have a total value of more than 250.000 USD. You need to apply at the same time for all. Tapu office accepts citizenship applications if the declared values are above 250.000 USD.

Q: If I buy a property under construction which I haven't get title deed on my name, may I apply for citizenship?
A: Yes, the government accepts Notarized Property Purchase Commitment, too. If the payment is above 250.000 USD, you may apply with Notarized Property Purchase Commitment for citizenship.

Q: I buy a property with installments, may I get Turkish citizenship?
A: Yes, if you have Notarized Property Purchase Commitment and if you have paid installments after 19.09.2018 through the bank and if total payments are above 250.000 USD; you may apply for Turkish citizenship.

Q: I bought property in Turkey previously. May I apply for citizenship now?
A: Title deed applications (at Tapu Office) after 18.09.2018 may obtain Turkish citizenship by investment. For example, you bought property but you did not register Title Deed on your behalf yet and you keep paying installments. Every payment after 19.September.2018 counts for your citizenship application.

Q: May I buy commercial properties with rental income and get Turkish Citizenship by investment?
A: Yes, any property you buy is counted.

Q: What is the responsibility of the Ministry of Environment and Urbanization?
A: The ministry verifies if the value declared on Title Deed correct and above 250.000 USD with sworn appraisers. All the property value should be paid by bank transfer to the Property Sellers.

Q: How to become Turkish citizenship by fund investment and how does this process work?
A: After purchasing the real estate investment fund (REIF) valued above 500.000 USD, you can apply to your bank (Halkbank, İş Bank, Akbank or QNB Finansbank). It is one of the fastest ways of getting Turkish citizenship. This application form is sent to the Capital Markets Board Of Turkey. We receive from the bank "Approval Document for Citizenship" which is mandatory for citizenship application fund investment. Pella Global helps you to collect / fill all needed documents. Finally, the application is sent to General Directorate of Population and Citizenship Affairs and you are invited for final signatures.

FAMİLY:

Q: Shall my family get Turkish Citizenship?
A: Yes. You, your wife (or husband) and all your children under the age of 18 (on the application date) may get citizenship.

Q: I have an invalid (disabled) child above 18 years old? What about his/her situation?
A: Your child who is incapable of taking care of him/herself, they become Turkish citizens with their parents with special application documents proves their situation.

Q: Is there any requirement for the applicant to bring his entire family to Turkey during any stage?
A: No. Only applicant should be there with all required documents of his/her family members.

Q: How many people may apply for on one Title Deed?
A: Only one person and his family from first degree can get citizenship.

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