Turkish Citizenship By Property Purchase

Buying Property in Turkey and getting residency is at reach if you read the Turkish Law carefully; read all details with our local experts.
Article Last Updated: 17 May, 2024 under Citizenship Application

You may be considering taking advantage of the opportunity offered by the Turkish government of buying property in Turkey and getting residency - a possibility where the property is worth at least 250.000 dollars and which you have purchased after 18.9.2018.  The details of the process are contained in Article 12 of the Turkish Citizenship Law No. 5901 of which allows foreign investors to acquire Turkish citizenship on exceptional terms; Presidential Decree No 106, dated 18.09.2018 in respect of new arrangements being made regarding the amounts mentioned in the Article 20 of the Regulation on the Implementation of the aforementioned Law. Within this scope, the foreign investors who fulfill the conditions below may now apply for a Turkish citizenship. The conditions for buying property in Turkey and getting residency are as follows.  

  1. Investing in  real property at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and attached annotation at land registration not to sell this property for three years and for whom a certificate of conformity is issued by the Ministry of Environment and Urbanization
  2. Fixed capital investment of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and for whom certificate of conformity is issued by the Ministry of Industry and Technology,
  3. Employing at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labor and Social Services,
  4. Investing at least 500.000 US dollars or its equivalent in foreign currency or equivalent amount of Turkish Lira and make commitment to hold the amount on deposit for three years at banks operating in Turkey and for whom a certificate of conformity is issued by the Banking Regulation and Supervision Agency
  5. Purchasing public borrowing instruments with a value at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these instruments for three years and for whom certificate of conformity is issued by the Ministry of Treasury and Finance
  6. Purchasing a real estate investment fund participation share or venture capital investment fund participation in the amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these participation shares for three-years and for whom a certificate of conformity is issued by the Capital Market Boards

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Dilruba, Lawyer in Ankara ...
Dilruba graduated from the Gazi University, Faculty of Law and for several years has been working at one of the top law firms of Ankara specialising on cases regarding insurance law, corporate law, labour law, enforcement law and international private law that embodies different departments for each field of law. She is fluent in English and German as well as her native Turkish
She was very responsive throughout the whole process and assisted me even after delays on my side. She provided me with alternative solutions and advices and made sure to always ask for confirmation before making a move. She has a friendly voice and approach and I felt very comfortable talking to her. I would definitely recommend her as a trusted professional lawyer.
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Naajiyah
30 Jan 2024
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