Documents Required to Apply for Turkish Citizenship When Buying a Real Estate
Significant amendments were made to the new Turkish nationality law to obtain Turkish Citizenship, including the decision to grant Turkish Citizenship after the purchase of $250 thousand worth of property, after $1 million in the previous resolution.
Required Documents for Applying to Turkish Citizenship by Owning a Real Estate
- A valid passport.
- Tax number.
- An evaluation report from the title deed department.
- The Title Deed.
- A bank receipt that clarifies the full payment of the amount of 250,000 USD or more.
- Civil status documents
The Steps for Obtaining Turkish Citizenship by Owning a Real Estate
- Step one: buying the property, getting the evaluation report, and the certificate of eligibility.
- Step two: obtaining investor residency.
- Step three: application for Citizenship.
Key Terms to Obtain Turkish Citizenship by Investing in Real Estate
- The value of the real estate should be at least 250,000 USD.
- It is possible to apply for Citizenship with a real estate purchased in an installment plan that started after 12/01/2017, and the Title deed was obtained after 19/09/2018.
- The seller can be a Turkish Citizen who is not a relative of the buyer or a foreigner.
- The seller cannot be a Turkish company registered entirely or partially to the buyer or any of his relatives.
- Obtaining an official evaluation report of the real estate from the administration of the title deed with the actual and full price of the real estate, noting that its validity duration is for three months only.
- The price stated in the evaluation report should not be higher than the actual selling price, considering that the selling price should be equal to the expertise report price without the Added Value Tax (KDV).
- The investor should have obtained the title deed or a promise of selling a document registered at the notary and the real estate registry office provided that the price has been paid in full.
- The transfer notice should be made with the amount of 250,000 USD or more and from the personal buyer account directly to the seller’s account, avoiding any delegations or mediation. Taking into consideration that the bank account holder’s name is identical to the property owner’s name, If not, you must make sure to request a document clarifying the relation between the two names (in case of having a landowner different from the construction company which the sale is made through).
- The transfer notice should include a description of the cause of transfer (purchase of the real estate).
- The transfer notice should be certified by the issuing authority (the bank).
- Real estates purchased from a governmental construction company such as TOKI, or EMLAK KONUT are exempted from displaying the bank receipt when applying for Turkish Citizenship.
- Investors who have bought real estate worth a million dollars and higher are also exempted from displaying the bank receipt when applying for Turkish Citizenship regardless of who the selling party is.
- The citizenship application can be submitted during the ownership transfer or after, stating that the real estate has been purchased to obtain the citizenship and undertaking that it will not be resold for at least three years.
- In case there was a mortgage on the real estate, it should be cleared within five days of the purchase date to make it eligible for the citizenship application (it is recommended to be cleared before the transfer of ownership).
- There is no specified time frame for the purchase of multiple real estates to obtain citizenship, meaning that you can buy several properties at spaced intervals, considering the need to re-obtain the evaluation report on all the properties before submitting the citizenship application.
In case of buying a real estate by installments or under construction:
- All installments must be made and finalized before submitting the citizenship application.
- Obtaining a temporary floor title deed, which is a title deed that proves the ownership of its holder to a part of the building under construction, registered at the administration of the title deeds records, and it mentions the location and section number of the property with the name of the owner. It will be transformed into a final title deed after the construction has been finished.
- There has to be no mortgage on the real estate (if there is one, make sure it can be cleared).
The administration of title deeds will submit your application to the general administration of title deeds to be processed after fulfilling the conditions. Afterward, an email will be sent to you with the attachment of the certificate of eligibility, which states that the real estate you have purchased with the paid amount is coherent with the terms stated by law and, therefore, eligible for the citizenship application.
Important Notes about the Added Value Tax (KDV)
The added value tax is usually about 1% or 8% of the value of the sale, depending on the type of property, and is levied on the seller who collects it from the buyer. Foreigners can be exempted from the KDV based on the following conditions:
- The foreigner must not have an official residence permit in Turkey.
- The foreigner must be the sole owner of the property (i.e., the property must be purchased directly from the construction company).
- The foreigner must not have stayed in Turkey for more than 180 days.
- The real estate must not be resold for at least three years.
The identification papers get prepared, and the application is submitted to obtain the KDV exemption. In case you want to obtain Turkish citizenship, you will have to ultimately finalize the tax exemption process before applying for the investor residence permit required for the citizenship application. If you are interested in investing in real estate or any questions, you can contact us.