Questions and Answers about Turkish Citizenship by Investment
How is the value of the real estate for citizenship calculated at the land registry office?
The total value of the bank receipts evidencing payment must match the value of USD 250.000 taking into consideration the effective sale rate of the Central Bank of the Republic of Turkey applicable on the last business day preceding the date of payment. The values are given in the valuation report and the official [...]
How to get a certificate of eligibility in Turkey?
Once the undertaking stipulated by the regulations is processed within the framework of the applicable Regulations and the circulars regarding implementation thereof, the land registry directorate that consummated the procedure sends all the documents to General Directorate of Land Registry and Cadastre or the relevant regional directorate. The foreigners, who receive a certificate of [...]
Can I perform land registry procedures with a power of attorney issued abroad?
It is possible to perform land registry procedures using the power of attorney issued by the Turkish Consulates abroad and the authorities competent to issue the power of attorney of the relevant country. However, the power of attorney must meet the criteria sought.
Which countries’ citizens are eligible to buy real estate in Turkey?
According to article 35 of the Land Registry Law No 2644, the list of the countries, whose citizens are eligible to acquire real estates in Turkey is not publicly available. It is possible to learn about the status regarding acquisition for the specific country in question from any directorate of ours.
Is residence permit required for the acquisition of real estates in Turkey?
Article 35 of the Land Registry Law No 2644 as amended by the Law No 6302 stipulates that “Natural persons of foreign origin, who are citizens of the countries as determined by the President, may acquire real estates and limited rights in rem, in cases where it is necessary for the country’s benefits and [...]