BY INVESMENT PROGRAM OVERVIEW
The Turkish citizenship by investment program is classified as ‘’grand of citizenship under exceptional circumstances; namely contribution to Turkish economy, culture and social life’’. Turkish Citizenship by Investment program was introduced in January 2017 with the amendments in the Turkish Citizenship Act (Citizenship Act:5901 Section:46) and Regulation # 2016/9601) allowing foreign nationals to acquire Turkish Citizenship by means of various active and/or passive investments:
Minimum 400,000 USD
(or equivalent Turkish Lira or convertible currency) real estate investment
Minimum 500,000 USD
(or equivalent Turkish Lira or convertible currency) investment into Real Estate Investment Funds
Minimum 500,000 USD
(or equivalent Turkish Lira or convertible currency) fixed capital investment
Business investment and creating new employment opportunities for at least 50 Turkish citizens
Minimum 500,000 USD
(or equivalent Turkish Lira or convertible currency) capital deposits to Turkish Banks
Minimum 500,000 USD
(or equivalent Turkish Lira or convertible currency) investment into the government debt instruments
PROGRAM OF CITIZENSHIP BY INVESTMENT IN REAL ESTATE
According to the Turkish regulations; the real estate property must be registered at the Turkish Cadastral Office (Tapu ve Kadastro Müdürlüğü) and remain under the main applicant’s name for 3 years and shall not be transferred or be resold to third parties. The cadastral records are to be controlled and concurred by the related Ministry of Environment and Urban Planning (Şehir ve Çevrecilik Bakanlığı) before making the citizenship application.
DUE DILIGENCE
There is e an official government due diligence process for all applicants. Citizenship application may only approved after the successful conclusion of Government Due Diligence. CCIS requests all applicants to get a Clean list of offences certificate / Police certificate from their country of nationality and their country of legal reside.
VALUATION OF REAL ESTATES
All real estates acquired for the purpose of citizenship must have a valuation report from an accredited real estate valuator. The valuation report must not be older than 30 days than the date of citizenship application.
DETERMINING REAL ESTATE
Selecting the real estate is an important part of the application process. Investments in a foreign country may have some challenges; the legality of investment, the right place and value of the investment, registering the real property, fees and charges, etc.. We just work with trusted and known real estate service providers and developers to ensure the investment value is correct which the invested property is acceptable by the Citizenship-by-Investment program.