Legalixa Law Firm is a full-service Turkish Immigration Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. There are only 6 Ways to Invest for Turkish Citizenship and our team is prepared to assist you to apply for Turkish citizenship in each way.

Our immigration lawyers also handle work and resident permit applications. Our Turkish immigration 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.

6 Ways to Invest for Turkish Citizenship

Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens. According to new regulations, foreigners can become Turkish citizens, if they own property worth 400,000 US Dollars for three years. Foreigners purchased 4.6 billion US Dollars worth of properties last year, with a large proportion of them from Iraq, Saudi Arabia, Kuwait, and Russia, according to official data.

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, mandatory new arrangements have been made regarding the amounts mentioned in Article 20 of the Regulation on the Implementation of the aforementioned Law.

Within this scope, the foreign investors;

  1. Who make fixed capital investment at least 500.000 US Dollars or equivalent foreign currency or equivalent of Turkish Lira and for whom certificate of conformity is issued by the Ministry of Industry and Technology,

  2. Who purchase the immovable property at least 400.000 US Dollars equivalent foreign currency or equivalent 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,

  3. Who employ at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labor and Social Services,

  4. Who invest at least 500.000 US Dollars or its equivalent foreign currency or equivalent of Turkish Lira and make commitment to hold the amount of deposits 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. Who purchase public borrowing instruments at least 500.000 US Dollars equivalent foreign currency or equivalent of Turkish Lira and make commitment to hold these instruments for three years for three years and for whom certificate of conformity is issued by the Ministry of Treasury and Finance,

  6. Who purchase a real estate investment fund participation share or venture capital investment fund participation amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent 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 Board,

6 Investment Ways for Turkish Citizenship

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.

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.

Your money must be converted to Turkish Lira (TL) and can be invested in TL interest-bearing accounts or Turkish Government Bonds for 3 years. Please review the attached Presidency Decree showing the change. We assist you to open an account called “Yuvam” and you can get dollar protection plus a %8 annual yield on your investment for 2 years.

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.

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.

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

Reach us for 6 Ways to Invest for Turkish Citizenship

Since its foundation in 1992, Legalixa Turkish Law Firm has been the choice of numerous clients in Istanbul, Turkey. Thanks to its nationally recognized real estate practice, our firm is now one of the leading Turkish citizenship law firms in Istanbul, Turkey.

You may reach us for 6 Ways to Invest for Turkish Citizenship by sending an email or through the Contact page.