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Obtaining Turkish citizenship through real estate investment

By

sherif

Posted in Uncategorized On 3rd July 2021
  • The main requirements for applying for Turkish citizenship through real estate:
  1. Valid passport
  2. Tax number
  3. Evaluation report from the Tapu Department
  4. Title deed
  5. Statement of paying the  full amount of $250, 000 or more.
  • There are also more official documents that the lawyer will prepare and attach to the citizenship application file.
  • The stages of obtaining Turkish citizenship through real estate ownership are three stages:
  1. Stage 1: Buy the property with a book of approval and evaluation from the Tapu Department
  2. Stage 2: You will get the investor’s residence
  3. Stage 3: Application for Turkish citizenship is made
  • We recommend dealing with a certified real estate agent and an experienced lawyer who specializes in the matter of obtaining Turkish citizenship, to proceed with the previous stages in order to avoid any kind of mistakes.
  • Basic conditions for applying for citizenship include:
  1. Turkish citizenship can be applied through properties owned in Turkey in installments and started to be paid for after 12/01/2017 and received its ownership document after 19/09/2018.
  2. The property can be purchased from a Turkish citizen provided that it is not related to the buyer or the construction company of the project.
  3. Obtaining the evaluation from the Real Estate Department (Tapu) at the real price of the property with attention to the fact that the validity of the evaluation does not exceed three months.
  4. The valuation amount should not be higher than the purchase amount, taking into account the existence of VAT so that the value of the valuation is equal to the purchase price without tax.
  5. The investor must have obtained the title deed of the property or a contract promising to sell certified by Notre Dame and registered with the Land Registry and the price must have been transferred in full.
  6. The transfer notice must be $250,000 and above from the buyer’s personal account to the owner’s account or to the project construction company account while avoiding transfer through agencies. In the event of purchase from a project, you should pay attention to the fact that the name of the account holder transferred to him is different from that of the owner of the property, in which case a document must be requested proving the relationship between them (depending on the fact that the land ownership of the project or an external owner).
  7. The transfer notice should include an explanation of the reason for the conversion (e.g., buying a property).
  8. The notice must be certified by the issuer, for example, the bank.
  • If the property is purchased in installments or is under construction:
  1. All installments must be paid before applying.
  2. Obtaining an agreement title deed, which proves the title of the owner of the bond in the construction to be built or will be built on a certain piece of land, which is installed in the records of the Real Estate Department (Tapu), in which the location and number of each section is mentioned and to the owner of the property, and in the event of completion of the project or construction with the approval of housing from the municipality (if it complies with Turkish standard conditions and standards)the bond of agreement is converted into a full title deed.
  3. There is no mortgage on it (in the event of a mortgage, it must be confirmed that it can be raised).
  4. After fulfilling the previous conditions, the Tapu Department submits the application to the General Department of The Tapu and the Land Registry, which in turn studies the application and sends an e-mail carrying the letter of authenticity or conformity, which states that the property or property purchased at the value paid conforms to the conditions stipulated by law to obtain Turkish citizenship.

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