STEPS FOR APPLICATION TO TURKISH CITIZENSHIP THROUGH REAL ESTATE INVESTMENT Step 1 - Get Tax Registration Number The tax registration number can be obtained from any tax office in Turkey.Original passport and photo required...
CERTIFICATE OF CONFORMITY – CITIZENSHIP BY INVESTMENT As it is known, Turkish citizenship can be acquired at birth or later. Among the ways to acquire Turkish citizenship later on, the way of gaining Turkish citizenship through investment, which is very popular today, has created some question marks in everyone's mind. Acquiring Turkish citizenship by investment is an opportunity that entitles the person to apply for Turkish citizenship, provided that other conditions are met as a result of compliance with various types of investment. In our article below, we will explain important parts such as the conditions required for acquiring Turkish citizenship by investment, the legal procedure to be followed, the documents to be prepared, the requested action, the authority to apply, and the deadlines. The law of foreigners is more flexible than other areas of law and the administration has great discretion. For this reason, the process of becoming a Turkish citizen through investment should be pursued with great sensitivity and devotion. For this reason, as UT Law, we have written this article as a guide that can help our dear readers...
FOREIGN CURRENCY PURCHASE CERTIFICATE As is known, within the scope of the Regulation on the Implementation of the Turkish Citizenship Law enacted in 2018, it has been made possible for foreigners in our country to acquire Turkish citizenship exceptionally by purchasing immovable or immovables worth at least 400,000 USD (Four hundred thousand USD). At this point, banks play an important role in the registration of foreign currency coming from foreign countries. Namely, as of January 24, 2022, foreigners are obliged to exchange foreign currency with the Central Bank for transactions they are buyers of. Accordingly, persons who are not citizens of the Republic of Turkey are required to make the payments for the real estate to be purchased in foreign currency. This obligation applies to all purchases made by foreigners, whether they apply for citizenship or not. Real estate cannot be sold without this document. This process is usually done by authorized real estate offices. However, the most important point to be considered in this transaction is that the document to be obtained must be from a bank operating in Turkey. This transaction cannot be made with foreign currency exchang..
EXCEPTIONAL CITIZENSHIP BY REAL ESTATE INVESTMENTFREQUENTLY ASKED QUESTIONS1. WHAT ARE THE DOCUMENTS REQUIRED FOR THE APPLICATION? • Title Deed Document of the immovable or information of village/neighborhood, island, parcel, building, independent section,• Identity document/Passport (with translation if necessary),• "Immovable Valuation Report" to be obtained from the valuation institutions published on the website of the BRSA (https://www.bddk.org.tr/Kuruluslar-Category/Bankalara-Degerleme-Hizmeti-Vermeye-Yetkili-Kuruluslar/11)• Compulsory earthquake insurance policy for buildings (housing, workplace, etc.),• 1 photo of the buyer and 2 of the seller (in the last 6 months, in 6x4 size),• "Real Estate Market Value Certificate" from the municipality• Tax number• Bank-approved remittance receipts (Can be given before or after the sale.)• Sworn translator for the party who does not speak Turkish (authorized by the Regional Judicial Justice Commission)• If there is a representation, the document related to the representation (In case of transactions with a power of attorney issued abroad, the conditions sought with the circular numbered 2015/5 (1767) must be met.)..
