Our Turkish, Legalixa Law Firm is a full service Turkish Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. 408 through the publication in the Official Gazette dated December 7, 2018 and it is now possible to apply for Turkish citizenship by executing preliminary sale contract before notary public as for the real estates under construction projects provided that a real estate has construction servitude deed or condominium deed. Did you know that Turkish citizenship can be obtained through a $250,000 investment in real estate? For almost nine years, we have been first choice on arrival to Turkey for thousands of customers. As of May 2020, investors have a number of investment options to qualify for the Turkish CIP: A $250,000 investment in property, with the value appraised and confirmed by a licensed professional, and recognised by the Turkish Government. Also, you can fill the contact form, our customer representatives will call you in a short time. In order to apply for a short term residency permit; foreigner should enter Turkey legally and an online application shall be made where an appointment date for the application shall be reserved from the Directorate of Immigration so that the applicant could be present in Turkey at such reserved application date. Our Turkish citizenship lawyers represent our clients from application at Istanbul Immigration Office until they get their Turkish Passport. Since its foundation in 1992, Legalixa Turkish Citizenship Lawyers has been the choice of numerous clients in Istanbul, Turkey. CASH DEPOSIT: A cash deposit of no less than $500,000 (USD) with a Turkish bank, maintained for a period of no less than 3 years, can also qualify you for Turkish citizenship in 2019/2020. We know the problems of foreigners living in Turkey and we are the first to help you to avoid those concerns. Prepare documents to be signed by the Client. We will offer you various property options: we will report physical features, legal status, price and profitability ratio. Turkey announced a new citizenship program based on investment in 2016 first time. To observe if the tenant is paying monthly dues to the management. Nowadays, there is huge demand for Turkish citizenship via the route of the USD 250,000 property investment law. Previously, the sale price of the real estate indicated in the official deed shall not be less than amount which is stated in the real estate value assessment report. March 3, 2020 Christian Henrik Nesheim Comments Off on Citizenship Investors Now Raise $250m a Month for Turkey, According to Ministry of Interior Application data for Turkey’s citizenship by investment program, as reported by the government, defy belief; nearly 25,000 new citizens in 17 months. The foreigners will make a commitment about not selling this immovable or immovables for three years and registration request document for foreigners who request for citizenship and declaration of immovables by taking a commitment “within the scope of the 20th Article of the Regulation on the Implementation of the Turkish Citizenship Law, there is a commitment not to be sold within three years from the date of acquisition.” condition will be stipulated. The value in US dollars will be calculated on the effective selling rate of the Central Bank of the Republic of Turkey on the date of the transaction, and for each foreigner acquiring more than one house, each house will be evaluated separately. You can become a Turkish citizen and have access to many benefits of your new citizenship +90 532 633 0070. Foreign real persons who will demand citizenship based on fixed capital investment in the amount of 500.000 US Dollars shall submit an application in writing to the Ministry of Economy together with the following documents: A. Many of our suggestions for facilitating the citizenship process have been admitted by the government. 2. Required documents are listed below in order to open a bank account in Turkey: Receipt of conformity certification for the investment type: A foreigner who applies for Turkish citizenship by way of investment should first obtain short term (temporary) residence permit. Consent letter (taken from notary or the related officer in domestic, if abroad external representation or from the authorized offices from his/her country) for the children who are under their mother’s/father’s custody and applying the citizenship with. Our attorneys will help from real estate purchase until you get Turkish citizenship. Foreigner shall also apply for Turkish citizenship based on a joint account (with his/her spouse or any other person) provided that joint account holder(s) other than the applicant has an express consent that they keep such deposit at bank for at least three years. Applications which do not fulfil the requirements shall be rejected by the Directorate General of Incentive Implementation and Foreign Investment. We can assist you to obtain a private health insurance policy as well and the costs are between $150.- to $400.- including taxes and expenses depending on your age, health etc. We have successfully completed 100+ citizenship application for investors from many different countries. Assistance for opening a bank account in Turkey. So a spouse should be a person of opposite sex and the couple should be legally married. Yes. If he/she is stateless approved documents with Turkish translate certified from the notary. Getting the documents translated and notarized. REGISTER NOW. A real estate value assessment report that shows the value of such real estate should be drafted by a real estate appraiser with a valid license approved by Capital Market Board in order to determine the value of the subject real estate. The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017. For regular short-term residence permit application process the waiting period for an appointment/interview date at many popular districts (such as Istanbul, Izmir, Ankara) is quite long (2 to 3 months). The total amount of the Turkish passport's fee for 2020 is below. Otherwise, the BRSA shall promptly inform the Ministry of Internal Affairs regarding such interruption. Which countries are […] You must sign a statement that you won’t sell the property for 3 years at the Title Deed Office. Such value assessment report shall be valid until the end of the transaction. following this amendment, on December 2018, Turkish government made new amendment which allows investors even invest on under construction real estate properties in order to get Turkey citizenship by investment. Our Turkish immigration. We offer a full package of services. Kizilirmak Street 4/65-B Floor: 24 Cankaya / Ankara / TURKEY, https://expatguideturkey.com/turkish-citizenship-by-investment/wp-content/uploads/2019/10/WhatsApp-Video-2019-10-24-at-16.18.36.mp4, Minimum USD 500k or equivalent other foreign currency or Turkish Lira, Minimum USD 250k or equivalent other foreign currency or Turkish Lira. 106 entered into force on September 19, 2018, the amounts of investment required for acquiring Turkish citizenship applications are lowered. Turkish Citizenship by Investment 2020 Which date is taken into consideration to determine the exchange rate for the bank receipts presented to evidence payment? The giant companies of real estate sector gave explanations about this subject. I would suggest options 1 and 2. After the property is bought and the application is filed, it takes between 3 to 6 months to get the Turkish citizenship and Turkish passport. When Turkey initially introduced its citizenship by property investment programme, the investment figure was set at $1 million. 1 Year - 464,40 TL. on immovables acquired in this way is possible by establishing annals with the same limited rights and in case that the property’s owner change within the three year period without the agreement of the owner the General Directorate of Population and Citizenship shall be informed urgently. February 10, 2020. It is possible to change the currency or type of investment which is mentioned in Regulation (such as purchasing a real estate investment fund share and capital investment trusts fund share with a minimum value of $500.000). The real estate shall also have an annotation of no-sale for at least three years at the relevant title registry which shall be recorded during the purchase transaction. Currently we are located in Istanbul and Ankara but we are also opening our branches in Izmir and Antalya soon. In case of the sale of one or more independent sections with the property ownership or construction servitude, the amount that paid in advance should be at least $250,000 or equivalent amount of foreign currency or Turkish Liras and also the transfer of sale price should also be realized after December 7, 2018 through banks as stated below. Title deed applications at Property Register Office after 20.09.2018 may obtain Turkish citizenship by a real estate investment of 250,000 USD. All foreigners who are allowed to buy property in Turkey by Turkish law, may apply for Turkish citizenship by investment. Turkey Citizenship by Investment program of 2020 In Turkey, there is no Turkey citizenship by investment official website to take citizenship applications. Banks will not request information regarding source of the funds from its clients. We work on Citizenship by Investment Program of Turkey since 2014 as a well-known and trustworthy legal and investment advisor. Accompany you to the Title Deed Office in order to sign the purchase and sale deed. a. After the seller accepts your offer, we confirm that the property is free of any debts, taxes and environmental charges are paid and real dimensions of the property match the title deed. We also perform services for property purchase in Turkey for foreign clients. TURKISH CITIZENSHIP BY INVESTMENT … After the purchase of an immovable property of 250,000$, an expiration date of three years cannot be placed on the land registry records. ... the properties or continue the minimum limit of financial investments for at least three years to meet the criteria for Turkish citizenship. You can reach your customer representative 7/24 in case of emergency. Turkish Citizenship by Investment Programme. If you desire, the family of the main applicant can apply after the main applicant becomes a Turkish citizen in 2020. Turkish Government is doing its best to reduce time. The Turkish citizenship by investment 2020 process takes an average of 3 months. Learn more about the advantage of the Turkish passport, the required documents, and the most important investment and housing projects in Istanbul that are compatible with law of the Turkish citizenship by investment. Therefore, potential alterations on exchange rates shall not be considered. The Turkish Citizenship application processes are provided by authorized consultancy firms. Real Estate. In case of the real estate being mortgaged or purchased as mortgaged, mortgage cost shall be deducted from the value of the real estate in order to determine the real value of the real estate. Turkey Investment Citizenship Program is exclusive to successful investors, purchase your citizenship and a second passport today! Find a company approved by SPK (Capital Markets Board of Turkey) who prepares real estate valuation report to confirm the real value of the property. The foreign real person who has bought the real estate should be arranged and declared; From now on, the immovable property which will be purchase for purpose of obtaining Turkish citizenship should commit that tyhe property will not be sold for 3 years. APPLICATION CONDITIONS FOR the Turkish Citizenship by ınvestment ın 2020. Based on the value in the immovable valuation report that shows the market value, the value of immovable/immovables in US dollars is calculated on the effective selling rate of the Central Bank of Turkey at the date of transcation. With the condition to have the same date and the same journal number, If more than one immovable is requested for the same person with a value equal or exceeding stated in the related article, the statement of each immovable shall be made within the scope of “Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law There is a commitment not to be sold within three years from the date of acquisition”. Get Turkish citizenship by investment in real estate in Turkey and get the Turkish nationality within two months, we help you receive Turkish nationality by investment that brings you higher profits by rental income guaranteed and capital appreciation, our special offers grant you Turkish passport by property faster and more profitable with best real estate consultants and lawyers in Istanbul. We have in depth information regarding how to prepare legal documents in each country. In this context, foreigner may deposit the money more than one bank operating in Turkey with the condition to keep such deposit at such bank for at least three years and the total deposited amounts should be equal to $500,000. by; If the owner is registered as a Turkish citizen in the system, the citizenship will be revoked until the end of three years’. The title deed registration is given to the applicant following the completion of the procedure. TL. Meet with our professional consultancy services. The works have completed for foreigners who purchase houses, have an account in a bank and establish a business in Turkey about being a “Turkish citizen” if they demand. The Turkish citizenship by investment program is one the absolute easiest ways to obtain a second passport out there, with even easier rules. An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. You, your spouse (wife or husband) and dependents (your children under the age of 18, on the application date) can get Turkish citizenship. We have filed several citizenship applications with property purchase and many for bank deposit. The amount should be convertible and should be equivalent to $500,000. However, in such citizenship by investment based special short-term applications the waiting period for an appointment date is shorter (within 1 to 10 days after making online application and there is a special office of the Immigration Directorate handling these affairs). A PoA can be given in a way called double legalization in some countries like China. If the amount of the immovable valuation report based on the sales transactions under this instruction is lower than the value of the real estate tax determined for the municipal acquisition year according to the provisions of the Real Estate Tax Law No. No need to live and stay in Turkey during the application procedure, We can finalize each and every step of the client and the family only by Power of Attorney. Turkey Citizenship by Investment provides a direct Turkish Citizenship to those eligible Investors, Entrepreneurs, High Net-Worth Individuals and Self Employed Professionals who can invest minimum USD 250,000 (INR 1.85 Crore) in Real Estate. Time condition for all investments is 3 years. Yes, we have companies that work together. But if your original country allows dual citizenship, you can have dual citizenship. Turkey, the 5th most eligible RCBI market in 2020 according to the Investment Migration Market Eligibility Index, is a 2-for-1 investment migration market: It is not merely one of the world’s largest source countries for investor migrants; since 2017, it’s also hosted what in but a few short years has become the most popular citizenship by investment program globally, and by a wide margin. The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017. Turkish citizenship by investment.Some significant changes were made in the legislation of acquiring Turkish citizenship through investment in 2018. Discuss Client concerns and issues with Client. Only one person can apply for Turkish citizenship, his/her spouse and dependents are also eligible with this application. Our services include preparation, legal help and representation regarding the sale or purchase of a real estate property in Turkey. Valid visa or non-expired exemption term following entry at the date of application, Valid Passport (with enough validity for the residence term to be applied for), Power of Attorney to our firm to authorize professional assistance for handling procedures. Prepare up to two sets of revisions or responses to counteroffers, if necessary. Since the amount can be withdrawn by the applicant, there should not be any restriction on the deposit account such as a sequestration or any other legal limitations. The Turkish citizenship by investment program is one the absolute easiest ways to obtain a second passport out there, with even easier rules. 2 biometric photograph (50×60 mm, white background, machine readable, plain set by ICAO). Later on, the Turkish Government has significantly eased in minimum investment requirements from September 2018. Conformity certificate for the investment type, Preliminary examination form (a standard form VAT-4), Notarized Turkish translation of the passport, Valid residence permit obtained through the process above outlined, Receipt slip for the application service charges made, If the applicant is divorced; Divorce Certificate/Decree, If the applicant is married; Marriage Certificate, If the applicant is widow; Death Certificate regarding his/her spouse, who make fixed capital investment at least, who purchase the immovable property at least, who purchase public borrowing instruments at least, who purchase a real estate investment fund participation share or venture capital investment fund participation amount of at least. Legalixa Law Firm is a full service Turkish Immigration Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Selling 16500 houses to foreigner in the first months of 2016 took up time of the real estate market especially. Turkish Citizenship By Investment Program 2020 You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000. Our Turkish citizenship attorneys are ready to assist you to file for Citizenship by Investment Programs.Our Turkish citizenship lawyers represent our clients from application until they get their Turkish Passport. As informed in (b) Regulation (a) Article 20 of the Regulation with the amendment of the Article 2 «b» which regulates the condition for the exceptional acquisiton of Turkish citizenship and referred as « it is possible to obtain Turkish citizenship on exceptional basis for foreign nationality who purchased the immovable property with a minimum amount of 250,000 $ having land registry record which are determined by the Ministry of Environment and Urbanism on the condition that it is not going to be sold for three years». The date of issuance of such assessment report should be three months (at most) prior to the application date. Before this date, the minimum value was 1,000,000 USD. Our Turkish immigration lawyers also represent our clients in other immigration law issues including; extending resident and work permits, application for Turkish citizenship, filing a law suit to cancel any objections. Some of our client give us PoA in their own country either at Turkish Embassy or local notary and apsotille. In applications to be submitted in following years, fixed capital investments made within maximum 3 years before the application date shall be taken into consideration within the scope of the report)e. Proof that the direct foreign investment in the amount of 500.000 US Dollars are transferred to the equity capital of the company and submission of the related foreign deposit account receipt in the same Sworn-in Certified Public Accountant report. Тhe Charm Of Real Estate Market In Turkey 2020 6 March 2020. Our Turkish citizenship attorneys suggest you to review Turkish Citizenship Guide to get more information about Turkish Citizenship with Investment 2020. Turkey is always attractive, with its key … Turkish Citizenship by Investment Programme. Besides the real estate consultancy included in our service costs, we will also provide services regarding setting up electricity, water, telephone and cable TV in a property that you are going to purchase, assist you through enrollment of your children into schools in Turkey, registering your company in Turkey and opening bank account. Ilker Atamer. Thanks to its nationally recognized immigration law practice, our firm is now one of the leading Turkish citizenship law firms in Istanbul, Turkey. Photocopy of the identity information pages of the passportc. 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