Article 12 of the Turkish Citizenship Law No. 5901 allows foreign investors to acquire Turkish citizenship in exceptional terms. Citizenship in Turkey provides investors with a world of exclusive benefits.
Within this scope, the foreign investors, who purchase the immovable property at least USD-250.000 or equivalent foreign currency or equivalent amount of Turkish Lira and attached annotation at land registration not to sell this property for three years and for whom a certificate of conformity is issued.
Qualifications:
Immovable property value of which is in the amount of USD-250.000
Legal annotation not to sell the property at least for three years
Real estate value assessment report which approves the property’s value is in the amount of USD-250.000
Not having any criminal records
Not having any contagious disease
Benefits:
Visa-free access to 114 countries
Full citizenship granted
No minimum residency requirement
Children under 18 included as dependants
No language test required
Free education & healthcare Bridge between the East & West
Applications processed within six to ten months
Investment Options
Option 1 – Individual Investor
250,000 USD Investment in real estate properties that satisfy client preferences typically in prime areas with competitive market price and value potential.
Real Estate commission fee: 2.5%
File management fee : 1% for main applicant +250 USD for each dependent applicant
Legal fees : 6,000 USD
Additional administrative costs related to property purchase and citizenship application approximately 500 USD and, for certain projects -the exception- purchase and selling tax up to 1.5%
Option 2 – Group Investors
1 million USD in total investment and 250,000 USD minimum per applicant. The investment is placed in special under-valued group of properties of real estate development projects.
Real Estate commission fee : 2.5%
File management fee: 1% for main applicant +250 USD for each dependent applicant
Legal fees : 6,000 USD
Additional administrative costs related to property purchase and citizenship application approximately 500 USD and, for certain projects-the exception- purchase and selling fax up to 1.5%