Property buying guide for Turkey
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Investment-based nationality in Turkey

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Turkey
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$250,000

Minimum real estate investment amount

3 months-1 year

Lead time

5-7%

Rental yields and an opportunity to resell in three years.

Turkey grants citizenship to investors and their families in return for significant contributions to the country's economy, while Turkish passports can be obtained through a simplified scheme.

In September 2018, the Turkish government reported that it was reducing the investment threshold for participation in its citizenship-by-investment programme. 

Citizenship for the entire family

Turkish passports are issued to the investor, the investor's spouse, and children (under 18).

Visa-free access to 111 countries

A Turkish passport enables visa-free or simplified entry to 111 countries around the world, including Japan, Singapore, Hong Kong, and South Korea. 

Dual nationality

Turkey recognises dual nationality so participants do not have to renounce their birth citizenship.

No residency requirements

To obtain a Turkish passport, it is not necessary to live in the country. The main applicant must visit Turkey only to apply for citizenship and submit biometric data. 

No Turkish language proficiency requirements

Applicants do not need to take a Turkish language proficiency exam.

Visa to the US

Turkey is an E-2 agreement signatory country, which means Turkish passport holders can relocate to the US and do business there on a non-immigrant investor visa. 

Visa to the UK

Turkish passport holders can relocate to the UK and open a business there under the Agreement Creating An Association Between The Republic of Turkey and the European Economic Community (the agreement between Turkey and the EEA applies to the UK until December 31, 2020, after which its prolongation will be negotiated).

Non-risk programme

The Turkish citizenship-by-investment scheme is not listed among high-risk programmes by the OECD. 

Citizenship is inherited  

Children, grandchildren, and all the subsequent generations of participants in the programme will also be granted Turkish citizenship.

After purchasing Turkish real estate, citizenship is now given to the investor's entire family under a simplified procedure. In this case, the property can be registered to a single individual.

Maria Zharaya Maria Zharaya Head of Tranio Turkey
Ask Maria a question

Profitable investment

Rental income

Turkish real estate can be leased to generate extra income.

Refundable investment

An exit investment on the investment is possible after three years while keeping the passport. 

Quick property resale

The average period of time needed to sell a property in Istanbul and on the Mediterranean coast is 2-3 months.

No requirement to declare income received in other countries

Newly declared Turkish nationals who do not reside in the county for more than six months do not have to declare international income.

If you buy a property worth $250,000 in Istanbul or on the Mediterranean coast, in addition to a passport you will obtain a 5-7% net rental yield. 

Three years later you can sell the property and earn a good amount of money on this too, given that Turkish property prices are rising steadily.

Maria Zharaya Maria Zharaya Head of Tranio Turkey
Ask Maria a question

Citizenship-by-investment options in Turkey

  1. Purchase of property worth at least $250,000. Residential real estate must be owned for three years
  2. Investment of $500,000 in a Turkish business or production
  3. $500,000 deposit in a Turkish bank for at least three years
  4. Purchase of public bonds worth $500,000 with the possibility of dividends and an obligation to maintain assets for three years
  5. Registration of a company and creation of at least 50 jobs in Turkey for three years minimum
  6. Acquisition of a share in an investment or venture fund worth at least $500,000 for three years

Turkish citizenship obtainment procedure

  1. Consult a Tranio immigration expert. Our advisors will examine your situation thoroughly and offer you properties to invest in. 
  2. Document preparation. Our lawyers will assist you in preparing all documents and check their compliance with programme requirements. 
  3. Investment. You must buy Turkish real estate worth at least $250,000 and get all the paperwork for the purchased property done. To do so, you will also need to open a Turkish bank account and get a Turkish tax identification number. Tranio’s experts will walk you through the entire procedure of investing from property selection to transaction closure.
  4. Residency obtainment. To apply for citizenship, you need to have a Turkish residence permit. However, you are not obliged to live in the country. Residency is granted upon investment.
  5. Citizenship application. Immediately after receiving a residence permit, you need to apply for citizenship. 
  6. Turkish passport issuance. You can have two passports and will not have to renounce your birth nationality.

Documents required to apply for investment-based citizenship:

  • application and questionnaire;
  • passport and passport copy translated into Turkish and notarised;
  • certificate of household registration in applicant's home country, translated and notarised;
  • copy of the Turkish residence permit. If there is no residence permit, the application will be combined with citizenship issuance;
  • notarised written permission to grant local authorities access to the applicant's details. This letter gives access to the bank records concerning securities and deposits, land, and commercial registry records. Officials receive the right to order extracts and make copies;
  • receipt confirming that the stamp duty has been paid.

In addition to general documents, specific papers are required depending on the type of investment.

Additional documents required to apply for citizenship through property purchase:

  • conformity certificate obtained from the Ministry of Environment and Urbanisation;
  • property valuation report, which must specify the property’s market value. The report is drawn up by a licensed expert;
  • authenticated copy of the certificate of property registration with the Land Registry;

The application can be submitted to a provincial or the central registry office, as well as a Turkish diplomatic mission abroad.

The Turkish authorities review the investor's application for citizenship for a period from three months to a year. The head registry office forwards the application to the Ministry of the Interior. Presidential approval completes the procedure.

Citizenship-by-investment programmes of other countries:

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    Property buying guide for Turkey
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    Tranio’s managers offer advice on buying real estate in Turkey
    Anna Boyarchukova
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