Legalixa Law Firm is one of the leading full service Turkish Law Firms with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish attorneys are ready to help you for Property Purchase in Turkey to apply citizenship with investment. 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, application for Turkish citizenship, filing a law suit to cancel any objections.

Our Turkish real estate lawyers are prepared to handle real estate acquisitions to get Turkish citizenship. Our investment for 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 Turkish citizenship application process until they get their Turkish passport.

Property Purchase in Turkey

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

More recently, one of the exceptional cases based on purchasing a real estate with a minimum value of $250,000.- (Two Hundred Fifty Thousand US Dollars) was amended by the Presidential Decree No. 408 through the publication in the Official Gazette dated December 7, 2018 and it is now possible to apply for Turkish citizenship by executing preliminary sale contract before notary public as for the real estates under construction projects provided that a real estate has construction servitude deed or condominium deed. Accordingly, foreigners who satisfy at least one of the below-noted investment requirements may be granted a citizenship, subject to the approval and an administrative decision of the President.

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 the Article 20 of the Regulation on the Implementation of the aforementioned Law.

In line with the recent regulatory amendments, foreigners who satisfy at least one (1) of the below criteria will be granted citizenship subject to the approval of the Council of Ministers:

  1. Purchase of a real estate property in Turkey with a minimum value of $250,000 (prior to the amendment such amount was $1,000,000), such property shall also have an annotation of no-sale for at least three years at the relevant title registry; or purchase a real estate which has a property ownership or a construction servitude on it, with a preliminary sale contract executed before a notary public and at least $250,000 or amount of foreign currency or Turkish Liras has been paid in advance and such notarized preliminary sale contract should be recorded at the relevant title registry with the undertaking not to assign or de-register the agreement for a period of three years
  2. A fixed capital investment of a minimum $500,000 (prior to the amendment such amount was $2,000,000) in a Turkish corporate entity
  3. Generate employment for at least 50 individuals in Turkey (prior to the amendment such amount was 100 individuals)
  4. Deposit a minimum of $500,000 to banks that operate in Turkey (prior to the amendment such amount was $3,000,000) with the condition to keep such deposit at such bank for at least three years
  5. Purchase minimum of $500,000 public borrowing vehicles of Turkey (prior to the amendment such amount was $3,000,000) and keep them for at least three years;
  6. Purchase minimum of $500,000 of Turkish real estate participation fund shares or Turkish capital investment trust fund shares (prior to the amendment such amount was $1,500,000) and keep those shares for at least three years

Property Purchase 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.

Turkish Citizenship by Property Purchase

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 huge demand for Turkish citizenship via the route of the USD 250,000 property investment law. Our attorneys will help from real estate purchase until you get Turkish citizenship.

Turkish Citizenship with Property Purchase

Our Real Estate Purchase Services Include;

  • Discuss Client concerns and issues with Client.
  • Draft or review the offer, 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 necessary licenses.
  • Accompany you to the Title Deed Office in order to sign the purchase and sale deed.
  • Change the property title in the Cadastral office.
  • Process Client stamp duty tax on your behalf.

Our Turkish Citizenship Application Shall Consist of All Following Matters;

  • Prepare residency application documents for Client, his wife and children.
  • Prepare citizenship application documents for Client, his wife and children.
  • Follow up application until the Turkish passports given.

Below Citizenship Services are Also Included in Our Fees:

  • Getting the documents translated and notarized.
  • Applying for the Turkish Tax Id Number.
  • Assistance for opening a bank account in Turkey.

Property Management Services:

After we completed your property purchase, we can provide below services with an additional fee;

  • Registering your property with local Municipality to pay annual Environmental and Garbage Collection Tax.
  • Arrange a real estate agent to list your property to lease.
  • To sign a lease contract with your tenant.
  • To make sure if the tenant is paying rent on time.
  • If the tenant is not paying rent on time, we will send him/her a warning letter.
  • If it is needed, we can file a law suit to evict the tenant.
  • To observe if the tenant is paying monthly dues to the management.

Real Estate Purchase Details for Receipt of Conformity Certification

Obtaining conformity certificate from Ministry of Environment and Urbanization for purchasing a real estate property with a minimum value of $250,000 or equivalent foreign currency or equivalent amount of Turkish Liras [prior to the amendment such amount was $1,000,000] and attached an annotation of no-sale for at least three years at the relevant title registry.

Purchasing a real estate property which has a property ownership or a construction servitude on it, with a preliminary sale contract executed before a notary public and at least $250,000 or amount of foreign currency or Turkish Liras has been paid in advance and such notarized preliminary sale contract should be recorded at the relevant title registry with the undertaking not to transfer or assign the agreement for a period of three years. In order to obtain conformity certificate from Ministry of Environment and Urbanization following steps should be taken into consideration:

In order to apply for Turkish citizenship by way of real estate investment in Turkey, the real estate should be purchased with a minimum value of $1,000,000 between the dates January 12, 2017 – September 18, 2018. If such real estate is purchased after September 19, 2018 and/ or such real estate is purchased with preliminary sale contract issued before notary public after December 7, 2018; the minimum value should be $250,000

A real estate value assessment report that shows the value of such real estate should be drafted by a real estate appraiser with a valid license approved by Capital Market Board in order to determine the value of the subject real estate. The date of issuance of such assessment report should be three months (at most) prior to the application date. Such value assessment report shall be valid until the end of the transaction. In case the applicant completed the purchasing transactions before obtaining a real estate value assessment report, the date of real estate value assessment report should be same with the date of purchase.

Previously, the sale price of the real estate indicated in the official deed shall not be less than amount which is stated in the real estate value assessment report. Now, the sale price of the real estate indicated in the official deed and a real estate value assessment report should be higher than $250,000 whereas the sale price of the real estate indicated in the official deed is not required to be higher than the amount stated in the real estate value assessment report.

Real Estate Purchase in Installments

New regime has brought the option to purchase real estate in installments provided that a real estate property should be purchased after September 19, 2018 and each installment should be made after September 19, 2018. The amounts paid as an installment before September 19, 2018 shall not be taken into consideration. The foreign currency amounts of the installments shall be determined based on the currency exchange rate of the Turkish Central Bank at the date of transactions regarding purchasing a real estate.

In case of the sale of one or more independent sections with the property ownership or construction servitude, the amount that paid in advance should be at least $250,000 or equivalent amount of foreign currency or Turkish Liras and also the transfer of sale price should also be realized after December 7, 2018 through banks as stated below.

The transfer of the sale price should be realized through banks and should be supported by bank approved receipts when the price is deducted from the buyer account and deposited in the seller’s account (the bank approved receipts should be submitted to General Directorate of Land Registry before notification period).

The real estate should not be registered to any other person, including the foreigner’s spouse or children. Also, the real estate should not have been purchased before January 12, 2017 by the foreigner himself, foreigner’s spouse or children.

In case of the real estate being mortgaged or purchased as mortgaged, mortgage cost shall be deducted from the value of the real estate in order to determine the real value of the real estate.

The real estate should not be registered on behalf of the company where the foreigner is the partner or manager.

The real estate shall also have an annotation of no-sale for at least three years at the relevant title registry which shall be recorded during the purchase transaction. If such record is not registered during the purchase transactions, the owner of such real estate shall request to register an annotation of no-sale for at least three years at the relevant title registry.

Reach us for Property Purchase 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 Contact page for Property Purchase in Turkey.