Turkish citizenship acquisition for foreigners
REAL ESTATE AND CITIZENSHIP ACQUISITION
Things Foreigners Who Want to Acquire Real Estate in Turkey Should Know
Acquisition of real estate titles in Turkey is only approved through registration at the land registry offices.
Preliminary contracts for real estate, drawn up by notaries or made in writing with real persons, do not constitute the transfer of real estate on their own. Preliminary contracts only serve as a commitment regarding the transfer of ownership and the real estate in question does not change hands through such documents.
There may be obligations such as mortgages, foreclosures and similar types of encumbrances on the real estate in question, which may prevent the sale, and these must be checked before the proceedings are initiated at the relevant land registry office.
Inquiries regarding immovables can be made online at the address parcelsorgu.tkgm.gov.tr and the province, district, neighborhood/village, map and parcel information can be used to query the immovable here. Thus, basic information about real estate, including its current status, can be accessed online from anywhere in the world. However, the owner's personal information cannot be accessed.
Foreign nationals are not required to have a residence permit as a prerequisite for acquiring real estate in Turkey. In addition, foreigners who purchase real estate in Turkey are granted a renewable short-term residence permit in accordance with the Law on Foreigners and International Protection No. 6458.
A natural or legal person who intends to acquire real estate in Turkey should apply to the General Directorate of Land Registry and Cadastre together with the owner of the real estate. In addition, they can make an appointment without having to personally visit the directorate's offices by calling the Alo 181 Call Center, which provides service 24 hours a day, or by visiting the website.tkgm.gov.tr.
On the other hand, Turkish companies with foreign capital must first make an application to the Provincial Planning and Coordination Directorate (IPKM) in the governorship where the real estate is located. After receiving a positive response from IPKM, an application should be made to the Land Registry Directorate. These companies can apply in person, by post or e-mail.
In Turkey, the term “foreigner” is defined in three categories in terms of real estate acquisition:
Foreign natural persons
Foreign legal entities
Turkish companies with foreign capital
Article 35 of the Land Registry Law No. 2644 states the provisions regarding the acquisition of real estate by foreign real or legal persons. Article 36, on the other hand, states the provisions on companies with foreign capital.
The countries whose citizens have the right to acquire real estate in Turkey are determined by the Council of Ministers, and the Council of Ministers may apply special conditions regarding the acquisition of real estate if deemed necessary.
Legal Restrictions on Real Estate Acquisition by Foreign Real Persons
Acquisition of Real Estate and Limited Real Rights by Legal Entities
Acquisition of Real Estate and Limited Real Rights by Companies with Foreign Capital Established in Turkey
The Right to Acquire Turkish Citizenship Through the Purchase of Real Estate
Requirements for Land Registry Procedures
Power of Attorneys Issued Abroad
Exceptional Citizenship Acquisition
With the subparagraph (b) added to the first paragraph of the 12th article of the Law No. 5901 on 28 July 2016;
Those who have received a residence permit pursuant to subparagraph (j) of the first paragraph of Article 31 of the Law No. 6458 by investing in the scope and amount determined by the President
Foreigners with Turquoise Card
T.R. With the decision of the President, he can acquire Turkish citizenship.
The scope and amounts determined according to the new regulations published in the Official Gazette on September 18, 2018 are given below. With the decision of the President, he can acquire Turkish citizenship.
To be determined by the Ministry of Industry and Technology to have made a fixed capital investment of at least 500,000 USD or equivalent foreign currency
To be determined by the Ministry of Environment, Urbanization and Climate Change to have acquired real estate worth at least 400,000 USD or equivalent foreign currency, provided that it is not sold for at least three years in the title deed records.
To be determined by the Ministry of Labor and Social Security to employ at least 50 people
Having been determined by the Banking Regulation and Supervision Agency to have deposited in banks operating in Turkey, provided that at least US$ 500,000 or equivalent foreign currency deposits are kept for at least three years.
To be determined by the Ministry of Treasury and Finance to have purchased government bonds of at least 500,000 USD or equivalent foreign currency, provided that they are kept for at least three years.
Having been determined by the Capital Markets Board to have purchased a real estate investment fund share or venture capital investment fund share of at least USD 500,000 or equivalent foreign currency, provided that it has been purchased for at least three years
Contribution of at least USD 500,000 or equivalent in foreign currency