WHO CAN BUY PROPERTY FROM TURKEY?
WHICH DOCUMENTS ARE NECESSARY ?
- 2 pictures 4×6 cm
IS PERMENANT VISA REQUIRED TO BUY A PROPERTY?
WHAT ARE THE EXPENCES OF BUYING A PROPERTY?
- 4% of the declared value is paid as tax.
- % 2 buyer pays
- % 2 seller pays
HOW MUCH COMISSION I HAVE TO PAY TO THE REAL ESTATE COMPANY?
- 2% is paid as commission
HOW MUCH IS THE ANNUAL PROPERTY TAX?
- 0.1% of the annual declaration value and if the property is in the city 0.2% of the declared value is paid to the municipality in 2 installments in March and November.
CAN I RENT MY PROPERTY?
SHOULD I PAY RENTAL TAX?
- If you earn less than 2200 TL per year, no tax is imposed, but tax is charged for income above this figure.
TURKISH CITIZENSHIP BY INVESTMENT
How does citizenship application process work in Turkey?
When you buy properties valued above 250.000 USD, you apply to (Land Office=TAPU) General Directorate of Land Registry and Cadastre, you demand to obtain Turkish Citizenship. This application is send to Ministry of Environment and Urbanization. Appraisers check and verify the value of the properties if they are more than 250.000 USD value. Ministry places the statement on title deed(s) that you may not sell it for 3 years. They send the application finally to General Directorate of Population and Citizenship Affairs( İçişleri Bakanlığı Göç İdaresi Genel Müdürlüğü). You are invited for final signatures to get ID cards and Turkish passport.
Shall my family get Turkish Citizenship?
Yes. You, your wife (or husband) and all your children under age of 18 (on the application date) may get citizenship.
Should I buy one property above 250.000 USD or can it be multiple?
You might buy several properties which has total value more than 250.000 USD. You need to apply at the same time for all. TAPU accepts citizenship applications if the declared values are above 250.000 USD.
What is the responsibility of Ministry of Environment and Urbanization?
The ministry verifies if the value declared on Title Deed correct and above 250.000 USD with sworn appraisers. All the property value should be paid by bank transfer to the Property Sellers.
How should I calculate the exchange rate of USD and TL?
On the application date, TAPU calculates the value from Turkish Central Bank selling rate.
How long does this process take?
It is takes time between 3 to 6 months. Government is eager to reduce time.
May I buy commercial properties with rental income and get Turkish Citizenship by investment?
Yes, any property you buy is counted.
I don’t have time to come to Turkey. How can I get Turkish Citizenship?
If you send us power of attorney, we may follow up for you all process from the begin until the end.
How many people may apply for on one Title Deed?
Only one person and his family from first degree can get the citizenship.
I bought property in Turkey previously. May I apply for citizenship now?
Title deed applications (at TAPU) after 20.09.2018 may obtain Turkish citizenship by investment.
Do I need to complete Turkish Military Service if I become a Turkish citizen?
We do not know yet. Whenever we know it, we update it here.
Which nationalities may apply for Turkish passport?
All nationalities who is able to buy property in Turkey, may apply for Turkish citizenship by investment.
Do my mother and father obtain citizenship in Turkey? What about my child above 18 years old?
I have an invalid (disabled) child above 18 years old? What about his/her situation?
Your child who is incapable of taking care of him/herself, they become Turkish citizens with their parents with special application documents proves their situation.
What are the required documents for citizenship?
EMAPARK will help you to supply all needed documents after you purchase property with us.
You say, citizenship process might take 6 months time. Do I get Residence Permit on the application process?
Residence permit is granted to you and your family.
Is there any critical point that I should know?
Ministry wants to be sure that the value is minimum 250.000 USD. Sworn property valuation companies verifies that the price is correct in order to prevent from price fraud. Appraisers might have upto %20 deviation (difference) than its sales price. Therefore EMAPARK advises you to buy property calculating this evaluation.