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ACQUISITION OF TURKISH CITIZENSHIP BY FOREIGN INVESTORS

ACQUISITION OF TURKISH CITIZENSHIP BY FOREIGN INVESTORS

As is known, one of the ways of acquiring Turkish citizenship through an administrative decision is the acquisition of Turkish citizenship by foreign investors under the title of “exceptional acquisition of Turkish citizenship.” This process is regulated under Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law. Individuals falling within the scope of this article must first obtain a certificate of conformity, then acquire a residence permit pursuant to Article 31/1-j of the Law No. 6458 on Foreigners and International Protection, and finally submit their citizenship application. In summary, the process for a foreign investor to acquire Turkish citizenship consists of three main stages...

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Frequently Asked Questions About Residence Permit

Frequently Asked Questions About Residence Permit

FREQUENTLY ASKED QUESTIONS ABOUT RESIDENCE PERMIT (RESIDENCY) WHAT IS A RESIDENCE PERMIT? A residence permit is an official document granted to foreigners who wish to stay in Turkey. Foreigners who intend to stay in the country beyond the duration allowed by their visa or visa exemption, or for more than ninety days, are required to apply for the type of residence permit they are eligible for through the e-Residence system. Those who complete their application must appear in person on the appointment date at the provincial/district immigration office in the city they wish to reside. Foreigners who fail to appear without a valid excuse are considered as if they have not applied at all. The authorities may request certain information or documents to verify a valid excuse. Applications for residence permit extensions are generally made using the same procedure...

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Frequently Asked Questions About Apostille (ÇEVİRİ)

Frequently Asked Questions About Apostille (ÇEVİRİ)

QUESTIONS ABOUT APOSTILLE For a document or decision obtained from a foreign country's official authorities to be valid in Turkey, the foreign decision (e.g., court decision) or document (e.g., notarial deed) must be certified (attested) by the Turkish consulate or authority in the country where it was issued. For example, for an administrative or judicial document obtained from Cuba to be valid in Turkey, this official document must be certified by the Turkish Embassy or Consulate in Cuba.The reverse is also true. In other words, for a court decision or document obtained in Turkey to be valid in a foreign country (e.g., Germany), it must be certified by the Turkish consulate of that country. For example, if a notarial document obtained from Turkey is intended to be used in Canada, this notarial document must be certified by the Canadian Embassy in Turkey.Here are some countries regarding the validity of these foreign documents and decisions in other countries: In order to abolish the requirement for certification by their own foreign missions, they prepared a multinational agreement called the "Hague Convention on the Abolition of the Requirement for Legalization of Foreign Offi..

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Frequently Asked Questions About Residence Permit

Frequently Asked Questions About Residence Permit

FREQUENTLY ASKED QUESTIONS ABOUT RESIDENCE PERMIT 1. WHAT IS THE COST OF OBTAINING A RESIDENCE PERMIT? When obtaining a residence permit, you will encounter variable costs. First of all, the practices and fee groups that countries are subject to differ. While some countries are subject to both residence and visa fees, some countries are exempt from visa fees, and some countries are exempt from residence fees. On the other hand, if the foreigner does not have social security and needs to have private health insurance, there will be additional insurance costs. Insurance varies according to the age of the person...

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Foreign Currency Purchase Certificate

Foreign Currency Purchase Certificate

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..

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"Value Added Tax (VAT) Exemption for Foreign Nationals in Real Estate Acquisition"

VAT EXEMPTION As it is known, Value Added Tax, or simply VAT, is an expenditure tax that is paid by the deliverer of goods and services, but charged to the recipient. It varies from 1% to 18%. However, in some cases stipulated by the law, there may be an exemption from the VAT amount. In our article below, we will explain the VAT exemption that foreigners, who are among the VAT exemptions, can benefit from in the purchase of the real estate...

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Marriage Of Foreigners In Turkey

Marriage Of Foreigners In Turkey

MARRIAGE OF FOREIGNERS IN TURKEY Applications of foreigners regarding their marriage wishes are accepted by the marriage office; The provisions of the Marriage Regulation on the marriage of Turkish citizens also find applications for foreigners...

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Exceptional Citizenship By Real Estate Investment Frequently Asked Questions

Exceptional Citizenship By Real Estate Investment Frequently Asked Questions

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.)..

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