There are real estate appraisal companies which determine the current market value of properties. These companies can be used to understand the accuracy of the purchase price. Alternatively, real estate agents working in the neighbourhood can be visited to understand the market value of the properties within the relevant area.
 

If the documents required for citizenship applications are complete, your application shall be concluded within 45 to 60 days. The government has opened private offices to reduce this time.
 

The value of the immovable on USD basis shall be calculated by the Land Registry and Cadaster General Directorate over effective selling price of the CBRT on the date of sale.
 

The real estate appraisers confirm whether the worth of the real estate is more than USD 250.000. The Ministry requests the “entailed estate annotation” from the General Directorate of Land Registry and Cadaster. The payment of the real estate that you purchased must be made by bank transfer to the property owner.

You can purchase more than one real estate with a total value of at least USD 400.000. But you should apply for all at the same time. Your application for citizenship is accepted only if the values declared to the General Directorate of Land Registry and Cadaster are above USD 400.000.
 

Yes. You, your spouse and all your children under the age of 18 can become Turkish citizens.
 

If you purchase real estate at least USD 250.000 worth, your application for Turkish citizenship will be processed with your application to be made during the title deed transfer process to the General Directorate of Land Registry and Cadaster. The General Directorate of Land Registry and Cadaster checks whether the properties sold are worth at least USD 250.000. (You have to prove that you have purchased a property at an amount of USD 250.000 from a real estate appraisal company licensed by CMB (Capital Market Board). The report you receive from any real estate agency or consultancy company shall not be valid.) The Directorate of Land Registry gives approval for citizenship between 3 and 7 days. Once your application is approved, you must apply to the Immigration Office for a residence permit without an appointment. After the approval of the Immigration Office, you must apply to the General Directorate of Population and Citizenship Affairs in the same day with the approval document and residence permit. You can follow all the procedures after the title deed application at one point at the Citizenship Offices in Istanbul and Ankara. Your application shall be completed between 45 and 60 days.

With the decision published in the Official Gazette dated 19.09.2018, the financial and investment costs in the process of transition to the Turkish citizenship were reduced. Accordingly, the foreigners who have purchased real estates at least USD 250.000 worth in Turkey will be able to directly become Turkish citizens.
 

Similar to the fee calculated and paid at the time of acquisition, title deed fee at the rate of 2% (Decreased to 1.5% until 31 December 2019) is also applicable over the sales price for buyer and seller separately. Fee has to be paid to the tax office before the transaction made at the registrar.
 

The owner of a property may only apply for subscription of the utility services (such as electricity, water and sewage system connection) following the issuance of the building utilization permit. Accordingly, if the building utilization permit is in place, following the acquisition or leasing of the property, the new owner or tenant must apply to the relevant institution, and should execute an agreement regarding usage of the relevant utility service. The new owner or tenant can use the utility services following the execution of the utility service agreement, and after making payment of the subscription or deposit fee.
 

As explained above, the foreigners who have acquired property in Turkey are entitled to apply for a short-term residency permit up to two years. As per the Turkish Citizenship Law and the Regulation on the Application of the Turkish Citizenship Law, a foreigner may acquire Turkish citizenship by residing in Turkey for continuously five years before the date of application.
However, there has been a recent amendment in the Regulation on the Application of the Turkish Citizenship Law and with this recent amendment; it became possible for a foreigner to acquire Turkish citizenship by purchasing a property worth at least USD 250,000.
Additionally, it is also possible to acquire Turkish citizenship by entering into promise to sell agreement via notary public for an immovable, provided that the the condomnium ownership or condomnium servitude is established for the said immovable, (ii) the applicant paid in advance at least USD 250,000 or equivalent Turkish Lira or foreign currency amount and, (iii) the agreement is annotated to the land registry with the undertaking not to assign or de-register the agreement for three years.
So, if the value of the property is equivalent ot more than USD 250,000, the foreign owner of such immovable will not have to wait for 5 yearsto acquire Turkish citizenship after having the short-term residency permit. Ownership of such property should be kept for a period of 3 years minimum.
As per the Regulation, an annotation must be registered in the land registry records of such property stating that the property would not be subject to sale for 3 years. Thus, it will not be possible to sell the property within 3 years if the foreign owner of the property has acquired citizenship after purchasing the property.
 

The process of citizenship approval depends on the fact that you do not pose a threat to national security and this is verified and finalized through national security archives.
 

Foreign real persons, who are citizens of the countries that have been announced by the Council of Ministers (except for Syria, Armenia, Cuba, Israel and Cyprus) are entitled to acquire ownership rights in Turkey.
In any event, the total size of land cannot exceed 300,000 sqm for each person. In addition, foreign real persons are only entitled to acquire real estate up to 10% of the total surface area of the relevant district. The Council of Ministers holds the authority to increase such amount per person.
In order for a foreigner to officially understand whether or not she/he can acquire a specific real property, the prospective buyer must apply to the relevant land registry office for approval. The acquisition can be performed upon the issuance of the relevant land registry’s approval.
 

Founded in 1958, Turkey has applied for membership in the European Economic Community in 1959. As a result of negotiations between the Community and Turkey, known as the Ankara Agreement in 1963, "European Community Cooperation Agreement (ECAA-European Community Association Agreement)" was signed. When England became a member of the EU in 1973, it officially recognized the 1963 Ankara Agreement. Thus, citizens of the Republic of Turkey, the UK's trade and current legal rules regarding working areas in 1973, has become a mandatory practice.

The Immigration Act in 1973, in England, is the Immigration Act of 1971. The Ankara Agreement visas are based on the immigration law of 1971. In these articles of law, foreigners who wanted to start a business in the UK were allowed to start a business without any capital requirement. The UK Ministry of Interior (Home Office), the implementation of the ECAA visa to Turkish citizens, Turkey is not yet a date not disclosed on the grounds that to become an EU member or members have worked a long time off. Upon the rejection of ECAA visa applications, there was a legal struggle between the Ministry of Interior and Turkish Citizens. With the European Court of Justice ruling in favor of Turkish citizens, Britain began to implement the agreement.

Last year, 1,190 applications were received from Turkey to get residential visa in the UK through the Ankara Agreement. This means an increase of more than 5 percent in the past 9 years, according to the data of the British Home Office.

While 665 of the applications in 2017 were approved, 325 were rejected.

In the UK, while 770 applications were made in 2007, this number increased to 3,710 in 2017.

It is possible to obtain British citizenship with this visa type. Even getting a British passport is easier to interpret than other visa types. However, the time to apply for citizenship changed on March 16, 2018. It is now possible to apply for citizenship 6 years after settling in England. This period was 5 years until March 16, 2018.

With this agreement, people who enter the UK are given a visa for 1 year at the beginning. Those who are successful in their jobs are given a 3-year extension. With the new application, after 3 years, those who continue their business successfully and meet their living expenses are given an extension again. With this visa, after doing 5 years of work in the country, an application for a permanent session (permanent session) is made. One year after the indefinite session, citizenship application can be made.

The people who have the right to sit indefinitely only have to do their own job. The person gets the right to work in another job or in both his own job and another job.

The British Interior Ministry made a statement on March 16, 2018, saying that indefinite session applications were suspended until new application conditions were announced. The “Aydoğdu Case” was shown as the reason for this. The summary of the case as follows: Negotiated a cleaning worker brings Ankara, Mustafa Aydogdu permanent residence to stay about 6 months to apply for the wife and son in Turkey to Britain in the existing agreement conditions. However, this right is granted to Mustafa Aydoğdu, who is only Ankara Contracted and has been living in England for 4 years, from the Aydoğdu family who applied for an indefinite session with the family. His wife Hatice Aydoğdu and her son's application are rejected. The family takes these refusal decisions to the court, and on the 8th of March 2017, the Supreme Court approves of the refusal after the 2-year trial period. The court ruled that “even the applicant and the child, aside from the applicant, do not need to get a residence permit” and sends them to the Ministry of Internal Affairs to do whatever is necessary. The decision of 16 March 2018 has nothing to do with Britain's departure from the EU (Brexit). The Ministry is implementing the court order. The new terms were announced as a law on June 15, 2018, after about three months of work.

1.Application period for an indefinite session increased from 4 to 5 years

2.Application period for British citizenship increased from 5 to 6 years

New terms introduced before:

  1.No more than 180 days outside the UK in 1 year

  2.English proficiency exam

  3.Citizenship test that measures whether to adapt to social life

  4.2389 Pounds per person for those who will apply for an indefinite session

Those who receive an Ankara Agreement visa may also take their spouses and children to England on condition that they obtain a visa. Spouses and children are also given a visa for the same period. After settling in England and starting a business, applications can be made for spouses and children. In extension applications, it is checked whether you can make a living for your family with your earnings from the work you established. The spouse of the person who establishes a business with the Ankara Agreement will have a permanent job in the job he wants. Their children can receive free education at public schools.

Turkey, the United Kingdom or refer to this type of visa from the British consulate anywhere in the world can be made. Although UK visas are paid and expensive, applications for this visa are free. Those who have a positive application must come to the UK within one month to obtain their one-year residence cards and apply to start their business. Those who earn enough money to cover their living expenses by doing business for a year can apply for an extension. There is no limit for the money to be earned for a year. The person needs to be able to cover and document the business established, accommodation, food, transportation and other living expenses. This amount can vary depending on the number of single people, families and children.

Ankara Agreement (ECAA) to the citizens of the Republic of Turkey is given permission to establish business visas by Britain. Turkish citizens of this agreement to trade and self-employment visa application bulunarak right to obtain settlement in the UK edebilir.ankar Agreement (ECAA) to the citizens of the Republic of Turkey is given permission to establish business visas by Britain. Turkish citizens can obtain a right to trade and settle in the UK by applying for a self-employment visa with this agreement.

Over the age of 18 who want to start a business in the UK or do their own business; All Turkish citizens who have sufficient capital to do their jobs can apply. In this type of visa, people in the UK do not have to open a business or employ workers. The person can also work alone in the field related to the job in which he received his education or profession. There is no capital limit, English language or vocational training requirement. However, the applicant must demonstrate that he has the equipment to do this job depending on the sector. For professions such as attorneys or doctors requiring special permits, permission is needed from institutions that organize such work (for example, a chamber of physicians or architects). An application can be made to the Ankara Agreement in any branch of business: It can open restaurants, shops, markets, cafes, training consultancy, marketing offices, as well as establish single-person jobs in many different sectors such as drivers, cleaning agents, barbershops, freelance journalists, translators, painters, and photographers.

With this visa type, it is strictly forbidden for those in the UK to work in a permanent job. As a business person, it is necessary to do business for different customers. However, this limitation disappears after receiving an indefinite session.

Turkey; With its geopolitical location, natural and cultural richness, transportation facilities and newly built bridges, airports and developed tourism, trade, entertainment life, event and congress tourism, it is a strong country with its stable economy as well as being an attractive country for foreign investors. Growing economy, Turkey with mega projects and sector dynamics in the real estate sector to accommodate new opportunities, and to provide added value to investors in the future will continue to increase the value.

Turkish real estate sector; It is one of the sectors that continued to grow despite all the economic, political and social issues we have experienced as a country. Turkey Statistical Institute (TSI), according to statistics, in Turkey in 2018 was 1 million 375 thousand 398 residential dwellings changed hands. As of the end of February 2019, housing sales are 151.387. Despite all the problems that our country experienced in 2017 have caught such a performance is a reflection of the confidence in the stability of Turkey's economy and the real estate sector.

In addition, granting citizenship to foreign investors buying real estate in our country is a pleasing development that has emerged on the way to attract foreign investors to our country. It has become possible for foreign investors to acquire Turkish citizenship by acquiring a property worth at least $ 250,000. This arrangement also applies to investors who invest at least $ 500,000, individuals who invest $ 500,000 in the bank, or investors who provide employment opportunities for at least 50 Turkish citizens. In addition, VAT exemption has been granted to foreign investors with the new regulation issued by the government. In accordance with the new VAT regulation, foreign investors will be able to purchase real estate without paying VAT; but will not be able to sell these properties for three years.

With this booklet, we have created an important resource that will answer all questions and guide foreign investors and help them buy real estate. this book, you can easily find and detail all applicable procedures about having real estate in Turkey, making the most accurate real estate investment, the valuation of these investments and account for processes such as sold at the right price value will be a source of reference covering the basic issues.

A wide range of demands, Turkey's real estate sector with the entry sector of the advancing technology and information systems, will continue to change and evolve in the coming years .. We, as Golden Gate Turkey, will provide added value to the industry and will continue our work will continue to be a historical reference point.

1.Make sure the property belongs to the person who really introduces himself as the property owner.

2.Have you visited the property?

3.Is the property included in the implementation development plan?

4.Do you cross-check the property and the project in the municipality?

5.Have you checked all the licenses and official permits required for the property?

6.Have you asked the seller to provide you with a building permit or a settlement certificate from local authorities?

7.If the property is only at the project stage, have you made a pre-sale contract with the land owner at the notary?

8.If the property has tenants, have you checked the tenancy agreement?

9.If there is a tenant in the property, have you checked if the seller has given the eviction notice to the tenant?

10.Do you have reciprocal declaration to both the buyer and you to the Land Registry Office in order to transfer the property?

11.The new owner of the property is also responsible for paying overdue real estate tax liabilities. Based on this situation, have you added a special article to the sales contract in order to prevent a possible manifestation in the future?

12.Do you have copies of the contract in both English and Turkish?

13.Have you certified both the English and Turkish copies of the contract to the notary?

14.Have you applied to the Land Registry Directorate to transfer ownership?

15.Have you made due diligence at the Land Registry Office?

16.During the application to the Land Registry Directorate, did you bring the deed or document showing the exact location of the property, and two current passport photos of your passport and identity card?

İstanbul, Ankara, İzmir, Antalya, Bursa, Yalova, Kocaeli and Mersin.

Regardless, the total size of the land cannot exceed 300,000 square meters per person. In addition, foreign nationals have the right to acquire real estates up to 10% of the total surface area of the concerned neighborhood. The Council of Ministers has the power to increase the per capita rate.

In order to formally understand whether a foreign individual can acquire a particular property, the prospective buyer must apply to the land registry office for approval. Acquisition can be made after the approval of the relevant land registry authority.

Announced by the Council of Ministers of the countries (Syria, Armenia, Cuba, Israel and Cyprus) foreign natural persons who are citizens, are entitled to acquire property rights in Turkey.

1. POPULATION

82 million population (2018, TurkStat)
The most populated young population compared to the EU. (Eurostat)

Half the population under 32 years old. (2018, TURKSTAT)
Working age population increased by 1.4% compared to the previous year and became 67.8% (2018 Tuik)
Young, dynamic, educated and multicultural population.

2. SUCCESSFUL ECONOMY

Rapidly developing economy; GDP, which was 231 billion USD in 2002, increased to 851 billion USD in 2017 and the average annual real GDP increased by 5.8% between 2002 and 2017. (TSI)
An institutionalized economy that attracted $ 193 billion of FDI in the past 15 years. (CBT)
It is a dynamic and mature private sector with an export volume that rose 335% between 2002 and 2017 to 157 billion USD. (TSI)

3. QUALIFIED AND COMPETITIVE WORKFORCE

Over 31.6 million young, educated and motivated professionals. (2018, TURKSTAT)
Increased employee productivity.
More than 1,000,000 graduates annually from more than 200 universities. (2018, YÖK)
Over 985,000 high school graduates, half of them from vocational and technical high schools. (2017, MEB)

4. A LIBERAL AND INNOVATIVE INVESTMENT ENVIRONMENT

Since 1997, it is the 2nd largest reformer among OECD member countries in terms of restrictions on foreign direct investment. (OECD FDI Regulations Restriction Index 1997-2017)
A business-friendly environment that offers company setup in an average of 6.5 days. (World Bank Doing Business Report 2018)
Extremely competitive investment conditions, a strong industry and service culture.
About 71,805 foreign capital companies in 2018. (TOBB)
International arbitration and transfer guarantee.

5. INFRASTRUCTURE

New and improved technical infrastructure in the transportation, telecommunications and energy sectors.
Highly developed, low cost sea transportation.
The advantage of transportation to Central and Eastern Europe by rail.
Well-structured transportation facilities and direct shipping mechanism to most EU countries.

6. CENTER LOCATION

Its location between East-West and North-South is an effective and cost-effective starting point for major markets.
Easy access to 1.7 billion customers in Europe, Eurasia, the Middle East and North Africa.
Access to a large number of markets with a total GDP of $ 25 trillion.

7. EUROPE'S ENERGY CORRIDOR AND TERMINAL

It is an important energy terminal and gateway connecting East and West.
More than 70% of the world's proven primary energy reserves, while in regions very close to Turkey, Europe, the largest energy consumer, the key point in western Turkey taking place in the country in energy transfer in the region, has this to an energy terminal.

8. LOW TAXES AND INCENTIVE OPPORTUNITIES

Corporate Tax which drops from 33% to 20%. (22% for 2018, 2019 and 2020)
Tax advantage applied for Technology Development Zones, Industrial Zones and Free Zones such as total / partial exemption from Corporate Tax and social security share support of the employer, land allocation.
R&D Law.
Strategic investments, large-scale investments and incentives for regional investments.

9. CUSTOMS UNION WITH THE EU SINCE 1996

The Customs Union which entered into force in 1996 with the EU and the Free Trade Agreement with 21 countries. (Ministry of Commerce)
New Free Trade Agreements under consideration.
Accession negotiations with the EU.

10. LARGE DOMESTIC MARKET

2002-2018: Number of broadband internet subscribers, from 0.1 million to 73.8 million. (BTK, TURKSTAT)
2002-2018: Number of mobile phone subscribers that increased from 23 million to 80.6 million. (TSI)
2002-2018: Number of credit card users from 16 million to 65.7 million. (Interbank Card Center)
2002-2018: the number of airline passengers, rising from 33 million to 210 million. (TSI)
2002-2018: the number of foreign tourists, from 13 million to 40 million. (TSI)

Apart from the above-mentioned procedure, there is no difference between foreign nationals and Turkish citizens regarding the acquisition of property.

1: Opening bank account: The account should be opened in the name of the investor.
2: Making investment: Necessary investment transactions such as deed transfer, cash deposit, government bond / share purchase should be realized.
3: Residence permit application: Applicants are required to obtain a residence permit during the application for citizenship. Holders of residence permits are able to continue living abroad as long as they wish.
4: Turkish citizenship application: You can apply for Turkish citizenship immediately after obtaining a residence permit. You are not required to come to Turkey during the application process.

The ministry wants to ensure that the minimum value is USD 250.000. Certified real estate appraisers value real estate to prevent price fraud. There may be deviations of up to 20% between the sales price and the valuation. Therefore, we recommend that you make calculations by taking this fact into account and purchase the real estate accordingly.
 

Once your application is approved, you and your 1st degree family members will be granted a residence permit on the same day without any waiting period. (No. 6458/31-J)
 

In Turkey, there is no difference in principle in taxation matters related to the acquisition of property by residents who do not. Foreigners Turkish citizens / Turkey is subject to the same rules as persons resident in. However, in May 2017, a law on the acquisition of real estate without VAT for foreigners passed through parliament. (For details, please refer to the VAT section) In this sense, it will be much more advantageous to be a foreign citizen in the purchase of real estate, which is the first sale of new buildings built as residential and business premises.

You can obtain citizenship by documenting that your child is in need of care.
 

No.

All citizens who purchase property in Turkey can make application.
 

When your child under the age of 18 comes to the military age, he is obliged to do military service. Persons entitled to dual citizenship are able to do military service in one of the two countries of which they are citizens. If you have completed your military service, you may need to prove it by a document. Persons older than 22 years of age are required to apply to the General Directorate of Population and Citizenship Affairs whether they hold special conditions or not.
 

No. Depending on your own state regulation, Turkish laws permit dual or multiple citizenship.
 

The application can be made with real estate purchases and investments realized after 18.09.2018.

Only one person and first degree relatives (spouse and children under 18) can acquire citizenship.

You can have this process made without coming to Turkey by giving power of attorney to a trusted consulting company.
 

You can purchase any real estate with a total value of USD 250.000 or above.