Legalixa Law Firm is a full-service Turkish Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish citizenship lawyers are prepared to apply for Turkish Citizenship by Investment Process with 2022 Citizenship Laws in Turkey. Our immigration lawyers also handle work and resident permit applications. Our Turkish citizenship lawyers also represent our clients in other immigration law issues including; extending resident and work permits, applying for Turkish citizenship, and filing a lawsuit to cancel any objections.

Our Turkish real estate lawyers are prepared to handle real estate acquisitions to get Turkish citizenship. Our investment in Turkish citizenship practice includes; buying, leasing, and selling residential and commercial properties to both domestic and foreign customers in Turkey. Our Turkish real estate lawyers also represent our clients in real property acquisition, we prepare real estate sale contracts or amend the contracts that are prepared by the developers. We also represent our clients throughout the Turkish citizenship application process until they get their Turkish passports.

2022 Citizenship Laws in Turkey

The Council of Ministers has adopted a decision published in the Official Gazette dated January 12, 2017. Accordingly, the Turkish Government introduced the option of obtaining a Turkish Citizenship via investing in Turkey, like other countries in the world, with certain reservations. In line with the further amendments made by President Decision No. 106 entered into force on September 19, 2018, the amounts of investment required for acquiring Turkish citizenship applications are lowered.

Recently, one of the exceptional ways based on purchasing a real estate with a minimum value of $250,000 increased to $400,000.

Turkish Citizenship Law’s Article 12 allows foreign investors to acquire Turkish citizenship in exceptional terms; with 18.09.2018 dated 106 numbered Presidential Decree, amendatory new arrangements have been made regarding the amounts mentioned in Article 20 of the Regulation on the Implementation of the aforementioned Law.

2022 Citizenship Laws in Turkey

Turkish Citizenship with Investment Services

We do perform legal services for property purchase and management for foreign clients. Our services include preparation, legal help, and representation regarding the sale or purchase of a real estate property in Turkey.

An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction.

2022 Citizenship Laws with Bank Deposit in Turkey

Turkish Citizenship with Bank Deposit

Our attorneys will help you to open a bank account. We generally open bank accounts with a Power of Attorney (PoA) given to us by our clients. Some of our clients give us PoA in their own country either at the Turkish Embassy or local notary and apostille. A PoA can be given in a way called double legalization in some countries like China. In this way, a PoA is prepared by a local notary and attested by the Foreign Ministry of that country and after that, it is attested by the Turkish Embassy.

To be eligible for the bank deposit option, one must invest at least 500.000 US Dollars or its equivalent foreign currency or equivalent Turkish Lira and commit to holding the funds for three years at banks operating in Turkey and for whom a certificate of conformity is issued by the Banking Regulation and Supervision Agency.

Our Bank Deposit Services Include Following Matters;

  • Passport translation and notarization
  • Obtaining tax id number for client
  • Opening bank account
  • Arrange bank deposit
  • Prepare documents to be signed by the Client.
  • Follow up our paperwork with BBDK. Additionally, we have extensive experience with resident permits and immigration & citizenship services for foreign citizens.

Nowadays, there is a huge demand for Turkish citizenship via the route of the USD 400,000 property investment law. Our attorneys will help with real estate purchases until you get Turkish citizenship.

Details on Bank Deposit for Receipt of Conformity Certification

Obtaining a conformity certificate from the Banking Regulation and Supervision Agency for depositing a minimum of $500.000 or equivalent foreign currency or equivalent amount of Turkish Lira to banks that operate in Turkey [before the amendment such amount was $3,000,000] with the condition to keep such deposit in the relevant bank for at least three years.

Foreigners should deposit a minimum of $500,000 or an equivalent amount in foreign currency or Turkish Liras to banks that operate in Turkey with the condition to keep such deposits at such banks for at least three years. Funds must be converted to Turkish Lira (TL) and can be invested in TL interest-bearing accounts or Turkish Government Bonds for 3 years.

It’s not required that such an amount should be deposited to only one single bank that operates in Turkey. In this context, foreigners may deposit the money in more than one bank operating in Turkey with the condition to keep such deposit at such bank for at least three years and the total deposited amounts should be equal to $500,000.

It’s essential to deposit such an amount to banks that operate in Turkey. Therefore, it is not possible to assume an amount as convenient for the Turkish citizenship application which is deposited to a bank abroad even if it is a branch office or association of Turkish Bank.

A foreigner shall also apply for Turkish citizenship based on a joint account (with his/her spouse or any other person) provided that joint account holder(s) other than the applicant has express consent that they keep such deposit at bank k for at least three years.

It is possible to change the currency or type of investment which is mentioned in Regulation (such as purchasing a real estate investment fund share and capital investment trusts fund share with a minimum value of $500.000). However, in the case of shifting the amount to another investment type, such a process should be instantaneous and there should not be any interruption for three years period. Otherwise, the BRSA shall promptly inform the Ministry of Internal Affairs regarding such interruption.

Please also note that in such three years, a foreigner may benefit from the interest, dividend, and similar returns arising from the deposited amount under executed contracts with banks and type of the bank account provided that the deposited amount shall not fall below the amount of $500.000.

If a currency other than the U.S. Dollar is deposited in the banks, the U.S. Dollar equivalent at the date of the opening of the account shall be determined and the deposited amount shall be expected to remain in the banks at the same rate determined for three years. Therefore, potential alterations in exchange rates shall not be considered.

The amount deposited in a Turkish bank will be blocked for three years with the applicant’s request. However, this is not a blockade that makes the amount cannot be withdrawn by the holder of the bank account. As soon as the amount was withdrawn by the account holder or it is fallen under 500.000 USD, the bank will report the situation to the BRSA and the BRSA will immediately inform the Ministry of Internal Affairs for initiation of the canceling process for Turkish citizenship.

If this occurred once, a new application will not be considered as an ongoing period [three-year period]. Since the amount can be withdrawn by the applicant, there should not be any restriction on the deposit account such as sequestration or any other legal limitations. If there occur any restrictions, circumstances will be announced to the Ministry of Internal Affairs.

2022 Citizenship Laws with Property Purchase in Turkey

We do perform legal services for property purchase and management for foreign clients. Our services include preparation, legal help, and representation regarding the sale or purchase of a real estate property in Turkey.

An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction. Nowadays, there is a huge demand for Turkish citizenship via the route of the USD 400,000 property investment law. Our attorneys will help with real estate purchases until you get Turkish citizenship.

Property Purchase 2022 Citizenship Laws in Turkey

Our Real Estate Purchase Services Include;

  • Discuss Client concerns and issues with the Client.
  • Draft or review the offer, and purchase contract.
  • Discuss or negotiate the offer or contract with the Developer or the Developer’s lawyer.
  • Prepare up to two sets of revisions or responses to counteroffers, if necessary.
  • Review the information provided by the developer (if the property is off-plan).
  • Check whether the house is free of charges and/or rented out (if the property is a second-hand home).
  • Check whether the Real Estate Tax payments are in good standing.
  • Check the local Municipality whether the Developer has all the necessary licenses.
  • Accompany you to the Title Deed Office to sign the purchase and sale deed.
  • Change the property title in the Cadastral office.
  • Process Client stamp duty tax on your behalf.

Filing Turkish Citizenship Application

Filing Turkish Citizenship Application

Required documents for the Turkish Citizenship Application by way of investment are:

  • Preliminary examination form (a standard form VAT-4)
  • Notarized Turkish translation of the passport
  • Identity registry copy of the applicant
  • Birth Certificate of the applicant
  • Marital Status Certificate/Document
  • Valid residence permit obtained through the process above outlined
  • Receipt slip for the application service charges made

In addition to this:

  • If the applicant is divorced; Divorce Certificate/Decree
  • If the applicant is married; Marriage Certificate
  • If the applicant is a widow; the Death Certificate regarding his/her spouse

Required Documents For 2022 Citizenship Laws in Turkey

Required Documents For Citizenship Application in Turkey in 2022

  • Application form (Vat-4)
  • Passport or ID card that shows his/her nationality. If he/she is stateless approved documents with Turkish translated certified by the notary.
  • Consent letter (taken from a notary or the related officer in domestic, if abroad external representation or from the authorized offices from his/her country) for the children who are under their mother’s/father’s custody and applying for the citizenship with.
  • Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate.
  • The birth certificate shows personal information or a population register sample document, and if married family registration certificate that proves the family bond between his/her spouse and children.
  • Service charge receipt from finance cashier desk.
  • 2 biometric photographs (50×60 mm, white background, machine-readable, plain set by ICAO).

Reach us for 2022 Citizenship Laws in Turkey

Since its foundation in 1992, Legalixa Turkish Citizenship Lawyers has been the choice of numerous clients in Istanbul, Turkey. Thanks to its nationally recognized immigration law practice, our firm is now one of the leading Turkish citizenship law firms in Istanbul, Turkey. You may reach our Turkish citizenship lawyers by sending an email or through the Contact page for 2022 Citizenship Laws in Turkey.