Purchase of any real estate worth more than $200,000
Turkey сitizenship by investment
Discover travel and business opportunities in over 110 countries
From 400,000$
Real estate investment
4-6 months
Processing time
5-7%
Profitability in US dollars
3 years
Tenure of the asset
Turkey citizenship program
Get one step closer to the business and real estate market in Eurasia, which is full of entrepreneurial opportunities and innovative ideas. Turkiye has borders with a great range of countries, thus, suggesting new opportunities to people for efficient entrepreneurship and business development.
Turkiye is actively developing the real estate segment. The most popular destinations include Istanbul, Antalya, Alanya, Bodrum, Dalaman, Izmir, Ankara, Mersin, and others.
The number of investors coming to buy property in Turkiye is rising steadily despite the fact that at the beginning of 2022 prices in the real estate market increased by 40%, and this tendency continues. Nevertheless, further development and growth of real estate market are forecast in 2024. As the government is actively investing budgets in infrastructure, transport, and materials to guarantee that housing meets all standards and high customer requirements, the increase in the value of real estate and the development of various regions are predicted. In addition to residential real estate, investors are interested in commercial real estate and land purchases.
Real Estate Prices
Real estate prices in Turkey attract the attention of foreign investors due to their diversity and relative affordability compared to other European countries. Turkey offers a wide range of options, from modern apartments in major cities to villas on the Mediterranean or Aegean coasts.
- Major Cities: In cities like Istanbul, Ankara, and Izmir, real estate prices vary significantly depending on the neighborhood. In central Istanbul, the cost of an apartment can start at $150,000 and reach several million dollars for luxury properties. In less prestigious areas, prices can start at $70,000.
- Resort Regions: In popular tourist areas such as Antalya, Alanya, and Bodrum, apartments can be found starting at $80,000. Villas with sea views in these regions may cost $250,000 and above.
- Less Popular Regions: In smaller towns and villages, especially those away from the coast, real estate prices are significantly lower. Here, you can purchase a house or an apartment for $50,000 or even less.
Turkey is one of the few countries offering a citizenship-by-investment program through real estate. The minimum threshold for investors is $400,000. This amount must be invested in one or more properties, and the investor must hold the property for at least three years.
The real estate market in Turkey continues to grow due to strong demand from foreign buyers, particularly from the Middle East and Europe. Given Turkey’s geographical location, developed infrastructure, and rich culture, experts predict further price increases in the coming years.
Additionally, Turkey offers favorable tax conditions for foreign investors and the option to rent out properties, making investment in Turkish real estate even more attractive.
Who Can Obtain Citizenship
In addition to the primary applicant (investor), the following categories of individuals can obtain Turkish citizenship through the investment program:
- The spouse of the primary applicant.
- Children under the age of 18. It is important that the children are not married and are financially dependent on the primary applicant.
- Parents are not included in the program based on investment and therefore cannot obtain Turkish citizenship through the primary applicant’s investment program.
All applicants undergo a due diligence process and must meet the program's requirements.
Capital
Ankara
Population
84,680,000
Official language
Turkish
Currency
Turkish lira
Major Religion
Islam
What does a Turkey passport provide
1.
Without visa to 127 countries.
Visa-free entry to 127 countries in the world. As Turkiye holds an E-2 visa treaty with the USA, a Turkish citizen can apply for it. Also, there is an opportunity to apply for U.S. tourist visa for 10 years.
2.
Relatively fast processing.
The process of issuing Turkish passport lasts from 6 months. It is divided into three major stages: purchasing real estate, applying for residence permit, and, then, for citizenship.
3.
Relatively simple application.
Application process and Due Diligence are not complicated. There's no income declaration or bank registration required. The document list on the first stage includes basic documents, such as passport, national ID card, birth certificate, marriage / divorce certificate if available, payment receipts, police certificate, etc.
4.
Turkish citizenship is inherited.
Citizenship can also be passed on to future generations. It is an absolute advantage, since not all programs can offer this. For instance, the citizenship of St. Kitts and Nevis, Vanuatu, Grenada, and Dominica can be inherited, whilst that of Antigua and Barbuda, St. Lucia is not inherited.
5.
Dual citizenship is allowed.
Many countries do not allow having two passports at the same time, thus asking the client to renounce his first citizenship. Turkiye allows dual citizenship. Thus, it's acceptable to have several identity documents.
6.
Reasonable investments.
Turkiye possesses a developing real estate market. Return on investment is 4-6%. According to the program, it is possible to sell the property after 3 years of ownership, what is very comfortable for investors.
7.
Change of the name is available.
There is an opportunity to change the name for a Turkish one for those who are interested in this.
8.
Citizenship for the whole family.
Under the Turkish law, the applicant’s spouse and all minor children who are under 18 years of age, also acquire Turkish citizenship when submitting an application.
9.
Access to high-quality medical healthcare.
Turkiye is a well-known medical tourism destination and possesses an advanced healthcare system. Generally, the prices for medical services are lower than in the EU and the USA.
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Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
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Turkey passport visa free countries
127 countries without visas for Turkish citizens
Albania
Angola
Antigua and Barbuda
Argentina
Armenia
Azerbaijan
Bahamas
Bangladesh
Barbados
Belarus
Belize
Benin
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Burkina Faso
Burundi
Cambodia
Cape Verde
Chile
Colombia
Comoros
Democratic Republic of the Congo
Costa Rica
Cote d'Ivoire
Cuba
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eswatini
Ethiopia
Fiji
Gabon
Gambia
Georgia
Guatemala
Guinea
Guinea-Bissau
Haiti
Honduras
Hong Kong
Indonesia
Iran
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kosovo
Kuwait
Kyrgyzstan
Laos
Lebanon
Lesotho
Libya
Macao
Madagascar
Malawi
Malaysia
Maldives
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Namibia
Nepal
Nicaragua
Nigeria
North Macedonia
Oman
Pakistan
Palau
Palestinian Territories
Panama
Paraguay
Peru
Philippines
Qatar
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Somalia
South Africa
South Korea
South Sudan
Sri Lanka
Sudan
Suriname
Taiwan
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Tuvalu
Uganda
Ukraine
Uruguay
Uzbekistan
Vanuatu
Vietnam
Zambia
Zimbabwe
Tax Rates
Personal income tax is progressive, which means it depends on the amount of income one earns. It ranges from 15% to 35%.
Corporate tax is a tax levied on the companies’ profits in Turkiye. It is a flat rate of 25%, that applies to both domestic and foreign companies functioning in the country.
Real estate purchase tax amounts to 4% of the value indicated in the certificate of ownership (TAPU). Usually it is shared between owner and developers.
VAT is 20%, with reduced VAT 10% for certain goods and services.
Capital gains tax constitutes to 23%.
Tax on dividends is 10%.
The general inheritance tax varies from 1% to 30%, and gift tax – from 1 to 10% depending upon the object's cost.
Property tax is an annual tax levied on the ownership of real estate in Turkiye. It is 0,2%-0,6% of cadastral value.
Turkiye has double tax treaties with 85 countries.
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Read our articles about the taxes in Turkey citizenship program
Business set up
Five types of business entities exist in Turkiye:
- Joint stock company
- Limited liability company
- General partnership
- Limited partnership
- Partnership limited by shares
Guidance on establishing business in Turkiye:
- gather the documents of the founders and members of the board of directors
- get a Turkish TIN for the founders
- form the constituent documents in the MERSIS system
- register the company in the department of the commercial register
- register in the social security service.
There is an opportunity for investors to incorporate a business within Turkish free-trade zone (they count 18 zones). There are numerous advantages: the government will offer different tax benefits, incentives. Additionally, the investor can bring the money back to the country of origin from within the Turkish free-trade zone.
Regarding opening business bank account, it is a rather quick and simple procedure in Turkiye – you can do it distantly. The entire procedure will take less than one hour.
Turkiye has double tax treaties with 85 countries.
Forming documents in the MERSIS system
A person is to gather the documents of the founders and members of the board of directors. Then, he is to submit the constituent documents to MERSIS (Central Registry Record System) online.
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Registering at the relevant Trade Registry Directorate
The person must register the company at the Trade Registry Directorate and notarize all company documents. The original executed, notarized, and apostilled documents must be officially translated and notarized by a Turkish notary.
Getting a Turkish tax identity number (TIN) for the founders
The company must obtain potential tax identity numbers for shareholders and board members of the company from the relevant tax office. This potential tax identity number is necessary for opening a bank account in order to deposit the capital of the company to be incorporated.
Depositing 25% of the startup capital in a bank
A person must deposit at least 25% of the startup capital in a bank and acquire a proof. The remaining 75% must be paid within 2 years.
The options to invest in Turkish economy are:
Purchase of any property worth more than $400,000
A bank deposit of $500,000 or more
Purchase of GS for $500,000 or more
Purchase of government bonds from $500,000 with an obligation to preserve assets for three years
Setting up a business with a capital of $500,000 or generating at least 50 jobs
Pricing
Post-immigration services
Apart from company registration, opening a bank account for an individual,opening a bank account for a company, there are other post-immigration services available, as following:
Management of property
Resale of real estate
Design solutions and interior filling
Requirements for applicants
Family applications 
A main applicant adds his/her spouse and their children, who are under 18 years old to the application.
Main applicant
Limitations by nationalities
Buying real estate in Turkey and submitting an application to the land register
On the first stage a person purchases real estate and submits an application to the land register. All encumbrances such as mortgages, pledges and similar types of restrictions that may be on a particular property must be checked in advance.
Our successful cases
Testimonials from satisfied clients
I thank One World Migration for the opportunity to move to Turkey with their help. I looked to relocate my company to be closer to my European partners and suppliers from the Middle East.
BONGANI DLAMINI
I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.
LANING SUN
The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!
SUNITA SINGH
I have to thank One World Migration and their customer mindset for obtaining Grenadian citizenship. We were able to prepare all the necessary documents in the shortest possible time and without unnecessary worries and they accompanied us throughout the entire process.
YULIA PAVLOVA
Frequently Asked Questions
About obtaining citizenship of Turkey
-
Can an applicant who purchased more than one property be eligible for Turkish citizenship?If purchased after September 18, 2018, more than one property with a total value of $400,000 or more can be bought to apply for citizenship. The dates of purchases can be different. Each property must have a mark that it will not be sold for 3 years in the land register.
For real estate purchased between 01/12/2017 and 09/18/2018, the value of the property must be at least $1,000,000. Real estate purchased before 01/12/2017 does not fall under the conditions of acquiring citizenship.
+
What are the legal rules on the acquisition of real estate by foreigners?+
Is the acquisition of Turkish citizenship by the purchase of real estate applicable to the applicant's spouse and children?+
Is it possible to carry out all these processes by proxy?+
According to Turkish law, is it possible to have dual citizenship?+
How long does it take to get Turkish citizenship by purchasing real estate?Choose the option that suits you
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