In 2018, the investment threshold for buyers of real estate for the sake of the "golden passport" was reduced four times. This has attracted more foreign capital from wealthy.
Although Turkish citizenship does not allow visa-free access to the Schengen area, it allows you to move to Turkey, work there and conduct business. And the requirements for obtaining an investment passport are competitive: a low entry threshold, no non-refundable payments, and the ability to extract income from real estate.
The program of citizenship for investment in Turkey exists since 2017. Foreigners have several options to get it, including investment into real estate. In 2018 the minimal entry sum fell four times from $1 mln to $250,000 in case of property investment. From that moment the popularity of the program rocketed. By 2020 the country gained more than $1,5 bln due to this program. In the past two years more than 5000 investors received passports of Turkey.
The Turkish program “Citizenship by Real Estate Investment” is especially popular among the Middle East and CIS citizenship. Participants are allowed to purchase one residential or commercial property as well as distribute assets across multiple premises.
Those who have obtained citizenship via investment cannot resale the property for 3 years, if they want to keep the Turkish passport. After three years, participants of the program can freely dispose of their real estate.
Thanks to Turkey's international agreements with the United States and the European Economic Community, citizens of the Republic have the opportunity to develop a business and legally move their family to the United States or the United Kingdom under the "Turkish Business Visa" (TBV), E-1 (American visa for entrepreneurs) and E-2 (for investors) programs.
Please note!
Despite Brexit, Turkey's Treaty with the UK is valid until December 31, 2020. The further extension will be discussed after.
Living in the United States on an E-1 and E-2 basis does not lead to a green card or an American passport, but this visas do not have a status extension limit or a specific investment threshold.
Investment Options
$250,000
Primary and secondary residential real estate
$250,000
Primary and secondary residential real estate
$ 250 000
A land plot
An apartment or a private house.
One or several properties.
All properties in popular cities (Istanbul, Antalya, Alanya, etc.) are available to foreigners. But there may be restrictions on purchasing in border regions and on the Black sea coast.
Any segment properties (store, warehouse, office, etc.).
Infrastructure and commercial projects.
Property under construction.
A plot for residential or commercial development.
No more than 30 ha.
The plot must not occupy more than 10% of the total area of the district in which it is located.
Please note!
You can only buy real estate for citizenship from a Turkish individual or legal entity.
The purchase must be confirmed by the Ministry of Environment and Urban development (Çevre ve Şehircilik Bakanlığı).
Funds must be transferred officially through the bank from the buyer's account to the seller's account.
The amount equivalent to $250,000 must be indicated in the certificate of ownership and confirmed by the report of an appraiser from an accredited company. Pay attention to the exchange rate: the price of real estate in Turkey in the certificate of ownership is written in Lira, but you must pass the threshold in dollars to participate in the program.
Real estate in Turkey
665 000 €
Commercial property in Alanya, Turkey
200 sq.m
Residence
The building is located in the busiest place of Alanya, just 100 meters from the Ataturk Monument.Completion date: 04/31/2023The office space consists of 3 floors: basement, first floor and second floor in the Loft style
Renaissance Estate
344 960 €
Villa in Antalya, Turkey
370 sq.m65
Residence
Located in a new villa complex in Antalya.
Renaissance Estate
369 600 €
Commercial property in Alanya, Turkey
250 sq.m
Residence
It is located on a busy street, next to the seashore.
Renaissance Estate
627 900 €
Flat in Istanbul, Turkey
166 sq.m32
Residence
The project is located in the Uskyudar district, the design of the project reflects elements of luxury combined with innovative standards focused on family concept living spaces. Breathtaking views from the windows of the project overlooking the crystal clear waters of the magnificent Bosphorus are intertwined with the beauty of this glorious...
Renaissance Estate
402 457 €
Flat in Fethiye, Turkey
140 sq.m543
ResidenceOnline ViewingRemote Transaction
Modern new apartments for sale in Fethiye, located just 200 meters from the beach!
The complex is located on a large plot of 6600 sq.m., which includes an Olympic-sized swimming pool + a children's pool, a fitness room, a playground, a tennis court, an indoor plan of 2 Parking lots, security,CCTV cameras, an intercom. The complex is located on...
FethiyeDom
411 950 €
Villa in Alanya, Turkey
350 sq.m43
Residence
Superb 3+1 villa with panoramic sea views from every window. Luxury furniture, private pool, garden, parking, Jacuzzi. It is possible to sell unfurnished
Renaissance Estate
300 000 €
Commercial property in Alanya, Turkey
60 sq.m
Location:One of the main advantages of this business center is its location.
The facility will be built in the Oba area on the new bypass road of the city, which makes its location highly promising. In the future, this road will receive the status of the main road of the city, giving even more value to this complex.
Characters:An innovative...
Mayalanya Group
379 000 €
Villa in Fethiye, Turkey
150 sq.m
Residence
Why it is necessary to take:
Location.
The new villa is located on the Mediterranean coast, at the foot of the forested Turkish mountains, the ancient "city of the sun" — picturesque Fethiye. From a bird's—eye view, the resort looks like a postcard - a long, continuous strip of beaches, turquoise lagoons and yachts parked along the shores.
This...
Mayalanya Group
549 000 €
Flat in Istanbul, Turkey
330 sq.m7
For sale a unique project of apartments in the heart of Besiktas, Istanbul. This project represents a real heritage with a unique location and architecture woven into the historical context of the area.
Location and Architecture: The project under construction is being built among the branches of century-old trees, giving the appearance of the...
İNEST HOMES
922 000 €
Apartment in Cesme, Turkey
100 sq.m322
ResidenceOnline ViewingRemote Transaction
Apartments with Private Pools and Garden Terraces near the Beach in Çeşme
Çeşme is a popular holiday destination in İzmir, Turkey. Çeşme offers clean air, picturesque beaches, natural beauty, delicious cuisine, famous restaurants, a marina, architecture, and historical richness.
The apartments for sale in İzmir, Çeşme are located 100 m from the...
TEKCE
1 200 000 €
Villa in Antalya, Turkey
490 sq.m543
ResidenceOnline ViewingRemote Transaction
Forest View Villa Intertwined the Nature in Döşemealtı Antalya
The detached villa is situated in the Çığlık neighborhood that lush and calm area of Döşemealtı, Antalya.
Villa for sale in Antalya Dosemealti is 14 km from Antalya Bilim University, 21 km from Özdilek AVM, 25 km from Antalya city center, 27 km from Konyaaltı Beach, 28 km from...
TEKCE
640 000 €
Villa in Antalya, Turkey
330 sq.m653
ResidenceOnline ViewingRemote Transaction
Spacious New Villa in a Complex in Konyaaltı Antalya
The spacious villa is in the Molla Yusuf neighborhood where many villa projects are located in Konyaaltı, Antalya.
The villa for sale in Antalya Konyaaltı is close to social facilities, is 250 m to shopping centers, 3.6 km to Akdeniz University, 5.5 km to Konyaaltı Beach, 5.9 km to 5M...
TEKCE
520 000 €
Penthouse in Alanya, Turkey
340 sq.m656
ResidenceOnline ViewingRemote Transaction
Flats in a Complex with a Pool Close to Social Amenities in Hasbahçe, Alanya
The flats are located in the Alanya district of Antalya. Alanya is one of the most popular tourism regions in the east of Antalya. With its long summer season, mild climate, entertainment venues, restaurants, and historical sites, it continues to be preferred by local...
TEKCE
389 000 €
Apartment in Turkey
170 sq.m532
ResidenceOnline ViewingRemote Transaction
Beachfront Stylish Apartments in Armutlu Yalova
Yalova is an advantageously located city in proximity to the city center, healing hot springs, and clear beaches. Beachfront apartments are situated in Armutlu, a summer destination with pristine beaches and active entertainment avenues in Yalova.
Apartments for sale in Yalova are located next to...
TEKCE
251 000 €
Apartment in Ankara, Turkey
110 sq.m432
ResidenceOnline ViewingRemote Transaction
Lake-View Properties in an Upright Project in Eryaman Ankara
The properties are located in an upright project in Eryaman, Ankara. With its quick value gain, Eryaman is growing to become one of the important investment centers in Ankara.
The lake-view apartments for sale are located 1.5 km from the shopping center, 3 km from the metro station, 25...
TEKCE
425 000 €
House in Antalya, Turkey
235 sq.m543
Online Viewing
Marina Homes
17 500 000 €
Apartment in Turkey
2000 sq.m1199
ResidenceOnline ViewingRemote Transaction
Chateau with a Unique View in İstanbul Göktürk
The exclusive design chateau is located in Göktürk Eyüpsultan. Göktürk stands out as the region preferred recently by those who want to get away from city life, located close to the Black Sea in the north of the city in Eyüpsultan district. The region also attracts attention with its proximity to...
TEKCE
539 782 €
Flat in Istanbul, Turkey
Residence
Project, rising in Dragos, the new attraction center of the Anatolian side with the magnificent Princes’ Islands view of the Maltepe coast, offers you a privileged life right next to the transportation means, public institutions such as hospitals, universities, courthouses, hospitals, shopping, and living centers. With its structure planned for...
Mercury Group
685 988 €
Flat in Istanbul, Turkey
Residence
Project, rising in Dragos, the new attraction center of the Anatolian side with the magnificent Princes’ Islands view of the Maltepe coast, offers you a privileged life right next to the transportation means, public institutions such as hospitals, universities, courthouses, hospitals, shopping, and living centers. With its structure planned for...
Mercury Group
629 986 €
Flat in Istanbul, Turkey
117 sq.m32
Residence
The premium class residential complex is located in the heart of Istanbul. It is a historical residential area, which has a large number of attractions and entertainment centers in Istanbul. It is associated with cultural events, art and entertainment for all tastes. Also in the Beyoglu area, you can walk along the market square and just chat...
The Turkish citizenship by investment program will not help you transport your parents or siblings and nephews to the sea. But the closest ones will be included in the application.
Together with the investor, the passport is issued by his or her spouse, as well as minor children. Children with disabilities are entitled to a Turkish passport with no age limit.
Other Requirements for Applicants
The main applicant must be over 18 years of age
Pass a security check (for example, not being involved in terrorist organizations, etc.)
No criminal record
Official source of income
Was not deported from Turkey and did not violate the visa regime
Good health and absence of diseases that are dangerous to society (hepatitis, tuberculosis, HIV, etc.)
Documents
All documents and certificates must be provided with a Turkish translation and an apostille stamp. In the process of reviewing the application, the authorities can request additional papers, if there are any doubts.
Personal Documents
Application in two copies. The form is filled out by the applicant or his representative by proxy
Notarized translation of your passport
Birth certificates for all children
Birth certificates of adult applicants
A marriage certificate
The information about the family composition
A certificate stating that the applicant is still married
A certificate of non-criminal record (for the investor and all relatives who will apply for citizenship)
Financial documents
Income statements
Document on execution of financial investment obligations (uygunluk belgesi) from the main Department of Tapu and Cadastre
If the purchase is made with a mortgage, the contract with the bank is also provided (in this case, the amount deposited by the applicant must exceed $250,000 for the amount of interest on the loan)
Receipt of payment of the state fee for passport registration
Real Estate Documents
TAPU (the certificate of ownership of real estate)
A valid Turkish residence permit
The real estate purchase and sale agreement
The land plot development plan (if development is planned)
The construction permit
Expenses
State duty
In 2020, the cost of passport registration services is 915 liras (about $130).
For registration of a residence permit.
Taxes
Property registration tax in the amount of 4% of the cadastral value of real estate you must pay about $70 (the cost varies in different regions).
Administrative service
$150 for real estate valuation obtained from licensed companies of the agency for banking regulation and supervision (BDDK) and the Capital Markets Council (SPK). The cost of the examination depends on the district and the amount of municipal fees.
$1000 for translation of documents and certification, power of attorney.
The rights and obligations of holders of investment passports do not differ from those who obtained citizenship by other means, for example, by birth in the country. Except for the need to keep the object in the property for three years.
Rights:
to vote and hold public office;
to work and open a business;
for education;
for medical care (if you have insurance);
for citizenship in other countries (you will not have to give up your first passport);
to transfer citizenship by inheritance;
The right to transfer citizenship by inheritance.
Obligations:
to keep the property for 3 years;
to pay regular taxes, for example, on real estate. However, obtaining citizenship does not automatically make you a tax resident of the country;
to perform military service in Turkey (if the newly minted citizen has not served in his country and is between 18 and 22 years old).
