Acquiring a property worth a minimum of USD 400,000 or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years, as attested by the Ministry of Environment and Urbanization.
Syrian nationals are not allowed to buy property in Turkey
30 HECTARES MAXIMUM
A foreign real person may acquire properties and restricted real rights of up to 30 hectares maximum. The President may increase this size up to two times.
REAL ESTATE PURCHASE LIMIT IN ONE DISTRICT
Total area of properties acquired by foreign real persons and independent and continuous limited real rights may not exceed ten percent (10%) of the surface area of the subject district of the private property
ELIGIBLE REAL ESTATE CRITERIA FOR CITIZENSHIP
Investor can buy any type of immovable property such as condo, land, apartment, shop, field, cropland. In the field of agricultural land acquisition requests of foreign people, it is undertaken to obtain preliminary permits within the scope of agricultural legislation and to submit an agricultural project within 2 years, and in the case of land acquisition, land owner should provide a building licence project to the relevant Municipality within 2 years .
Investors can apply Turkish Citizenship by Agreement for the Promise to Sale
As applicable for 07.12.2018 and thereafter, the
application may be filed after an undertaking is provided not to transfer and cancel the agreement issued before the notary for a period of three years, provided that the minimum amount of USD 400.000 or equivalent thereof is paid in advance for real estates with condominium or construction servitude created thereon.
Investor can buy more than one property in the same or different cities with the same investment amount. Also Investor can buy at different times, however without completion of the minimum USD 400.000 investment amount, you cannot apply for Turkish Citizenship.
The real estate(s) that will be purchased cannot be registered under any foreign real person’s name including the applicant’s spouse and children. Furthermore, the real estate(s) cannot be one that was transferred after 12.01.2017 by the foreign person, their spouse or children or any foreign real person. In addition, the real estate subject to purchase must not be one of the real estates registered in the name of the company to which the foreign real person is the partner or manage
THE DOCUMENT REQUIRED IN ORDER BUY PROPERTY IN TURKEY FOR FOREIGNER BUYERS
INFORMATION ABOUT THE TRANSFER TO BE MADE TO PURCHASE THE REAL ESTATE
THE TITLE DEED COST BUYER RESPONSIBLE FOR
1.Title deed tax is %4 of sale price. Legally buyer has to pay only %2 of the sale price. However, this conditions may depends on the negotiation.
2.Revolving fund fee which is another type of tax charged by tax office, at the amount of 1600 TL in 2021.
3.Evaluation report fee between 2000-3000 TL.
4.If the project is new, opening facility fees, approximately 5.000 TL
5.Vat- if property is residential unit and first hand %1 of the sale price is paid as vat which is most of the time included in the sale price. Please check with the owner. If property is qualified as commercial unit % 8 or for some luxury projects it is %18 of the sale price is paid as vat.
TAX LIABILITIES AFTER BUYING PROPERTY
Local property tax is payable in two equal instalments, the first in May and the second in November. You have to contact your local municipality (Belediye) for further information and payment options. Tax is calculated based on the value of the property and is subject to thresholds set by the tax authorities as follows:
For real estate located inside of a metropolitan municipality area:
For real estate located outside of a metropolitan municipality area:
VAT Exemption on Purchasing a Real Estate
Effective from 1 April 2017 – except for cases mentioned in Article 3 first paragraph sub-paragraph 2 of the Turkish Income Tax – any deliveries of houses and workplaces to (i) Turkish citizens living abroad for more than 6 months by obtaining a work permit or residence permit, (ii) foreign individuals not permanently residing in Turkey, and (iii) institutions whose legal residences and headquarters are not located in Turkey and which are not earning any profits in Turkey by virtue of a workplace or any permanent representative are exempted from VAT provided that such exemption is only applied to the first delivery of the houses and workplaces falling under the mentioned exemption and foreign currency is brought into Turkey in return to such delivery.
Every buyer has to pay Vat if the property has not been sold to any party before. In other words, if property is first-hand and kept by the developer, buyer has to pay Vat which might be %1, %8 or %18 depending on the property status
But Foreign citizens and Turkish citizens who reside in foreign countries who purchased a real estate are VAT exempted.
The below conditions should be fulfilled in order to benefit from the VAT exemption:
DOCUMENTS REQUIRED FOR OBTAINING
Title deed office will apply to General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization for certificate of eligibility.
Between 7 to 14 days certificate of eligibility will be send to investor/lawyer’s e-mail
Investor will obtain residence permit as an investor for a one year period and other family members will wait for conclusion of their citizenship application. If other family members require a residence permit, they should visit Turkey with valid visa. However, investor does not have to visit Turkey to obtain residence permit.
When we collect certificate of conformity and below documents , we make online residence permit application for investor
DOCUMENTS REQUIRED FOR INVESTOR RESIDENCE PERMIT
1.Notary Certified Translations of Passports
3.Two (2) biometric pictures and one jpeg version (50×60 mm and white background)
5.Residence permit payment receipt by tax office
DOCUMENT REQUEIRED FOR CITIZENSHIP APPLICATION
1.Scaned Copy of Passports of All Applicants
(The document must contain all applicants’ date of birth, place of birth, mother and father name)
(If family registration form can’t be obtained or the Family registration form does not contain required derails stated above )
If the document is obtained from signatory country of the Lahey Convention, it must be apostilled at issuing country.
If the document is obtained from non-signatory country of the Lahey Convention, It must be attested by the Ministry of Foreign Affairs and then Turkish Embassy of the issuing Country.
If the document obtained from Turkish authorities, it must be signed and sealed.
What is an Apostille?
The Apostille is a form of authentication issued to documents for use in countries that participate in the Hague Convention of 1961
An investor can obtain his /her Turkish ID card and passports thorugh the Provincial Directorate of Census and Citizenship of the settlement in Turkey If Applicants has any settlement adress in Turkey or Applicants can also obtain her/his identity card and Turkish passports through the Turkish embassy where they live by registration of fingerprints.
Obtaining Turkish Citizenship by Investments Remotely
Investor doesn’t have to visit Turkey in any step of Turkish citizenship program
Investor can remotely obtain Turkish citizenship by real estate ınvesment
To do this, Investor must give a power of attorney in his/her attorney , which investor can elaborate and validate at the Consulate of Turkey in the country of investor citizenship.
The power of attorney must be drawn up in Turkish language
Investor get an appointment with an authorised translator of Turkish consulate and be present at the appointment day with his/her pictures and passport, draft of the power of attorney that her/his lawyer send to investor.
TO GIVE A POWER OF ATTORNEY IN TURKEY
Investors can give power of attorney through Turkish notary. Investors need to have their pictures, tax number and passport with them .