Acquiring Turkish Citizenship by Investment is possible by investing in one or more properties in Turkey.
The citizenship program is comprised of three stages:
1) Purchase of real estate 2) Acquiring a residence permit 3) Receiving passports
1) Investment - Purchase of Real Estate
Every foreign individual that fulfils the conditions set forth in the law can apply for the Turkish Citizenship by investing a minimum required sum in one or more properties in Turkey.
In addition, there are other costs that need to be covered.
Minimum required investment | USD 400,000
Land Registry fee | 2 % of the purchase price
Official Transfer fee (paid to Land Registry) | USD 200
Property Value Report | USD 500 (approx.)
2) Acquiring a residence permit
Once the real estate transaction is completed the investor will obtain the title deed. The Land Registry Office will then prepare a “Certificate of Conformity” that proves that the investment was made in accordance with the law. You can apply for a residence permit and have the right to renew it until the competition of the citizenship process.
Visa fee per person | USD 100 (approx.)
Residence Permit Fee per person | USD 20 (approx.)
Insurance per person (for adults only) | USD 100 (approx.)
3) Receiving passports
After acquiring the residence permit, the investor and his family have the right to apply for a citizenship to the Civil Registration and Nationality office.
Application fee | USD 100
iWA Properties professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.