What is a real estate mutual fund?

A real estate mutual fund is a company that owns and, in most cases, operates income-generating real estate.

Investors who need to purchase at least USD 500,000 worth of real estate investment fund shares or venture capital investment fund shares in Turkey in order to apply for Turkish citizenship.

How can an investor invest in a real estate trust in Turkey?

Investor or legal representative can invest in real estate trust in Turkey through investment agents or banks.

The investor or his/her representative applies to the Capital Markets Board Intermediary Activities Department to obtain a certificate of conformity.

Required Document for Eligibility Application

Written application containing the foreign investor’s name, surname, date of birth, foreign identity number, address and contact information, MKK registration number, investment information regarding the funds he owns, and a copy of the investor’s passport.

If the application is made by a proxy on behalf of the foreign person, it is obligatory to include the provision in the power of attorney to ensure that all procedures regarding the application are carried out.

Our team can apply for certificates of conformity on behalf of investors.

• nvestor will obtain residence permit as an investor for a one year period and other family members will wait for conclusion of their citizenship application.
• If other family members require a residence permit, they should visit Turkey with valid visa. However, investor does not have to visit Turkey to obtain residence permit.
• When we collect certificate of conformity and below documents , we make online residence permit application for investor

DOCUMENTS REQUIRED FOR INVESTOR RESIDENCE PERMIT

1.Notary Certified Translations of Passports

2. Certificate of Conformity

3.Two (2) biometric pictures and one jpeg version (50×60 mm and white background)

4. Valid health insurance (Insurance period must cover the intended residence permit duration) We buy health insurance on behalf of applicants.

5.Residence permit payment receipt by tax office

6. Investor’s Passport Visa Page (if any)

• You can be a Turkish citizen with the condition that you can take back all investments along with legal revenues 3 years later.
• Investor’s wife/husband and children under 18 years old have a right to apply for Turkish citizenship with the investor with the same investment amount. For children above 18 years old has to invest separately to be Turkish citizenship in this case
• Turkish citizenship process will take approximately 3-4 months after lodging a citizenship application.
• Investor do not need to renounce his/her existing citizenship. Turkey recognizes dual citizenship, regardless of the number of “second civil passports” that a foreign applicant has.
• Investor can sell or withdraw investment amount at the end of 3 years period.
• Investor does not have to live in Turkey to participate in the Programme.
• Investor’s Turkish Citizenship will remain for a lifetime and your children will be born as Turkish citizens.

DOCUMENT REQUEIRED FOR CITIZENSHIP APPLICATION

1.Scaned Copy of Passports of All Applicants

2. It is sufficient for applicants to submit one of the documents listed below, including their date of birth, place of birth, and parents’ names

A. Family Registration Document*

(The document must contain all applicants’ date of birth, place of birth, mother and father name)

B. Birth Certificate of All Aplicants*

(If family registration form can’t be obtained or the Family registration form does not contain required derails stated above )

3. Marital Status Certificate/ Marriage Certificate/ Single certificate/ Divorce Certificate/ Death certificate of Spouse*
4. Six (6) Photo for each Adult Applicants, Two (2) Photo for each Child Applicants(Biometric photo ,50x60mm,white background, identified and one jpeg photo of applicants.)
5. Visa page of an Investor (if any)

*

If the document is obtained from signatory country of the Lahey Convention, it must be apostilled at issuing country.

If the document is obtained from non-signatory country of the Lahey Convention, It must be attested by the Ministry of Foreign Affairs and then Turkish Embassy of the issuing Country.

If the document obtained from Turkish authorities, it must be signed and sealed.

What is an Apostille?

The Apostille is a form of authentication issued to documents for use in countries that participate in the Hague Convention of 1961

An investor can obtain his /her Turkish ID card and passports thorugh the Provincial Directorate of Census and Citizenship of the settlement in Turkey If Applicants has any settlement adress in Turkey or Applicants can also obtain her/his identity card and Turkish passports through the Turkish embassy where they live by registration of fingerprints.

Obtaining Turkish Citizenship by Investments Remotely

Investor doesn’t have to visit Turkey in any step of Turkish citizenship program

Investor can remotely obtain Turkish citizenship by real estate invesment fund.

To do this, Investor must give a power of attorney in his/her attorney , which investor can elaborate and validate at the Consulate of Turkey in the country of investor citizenship.

The power of attorney must be drawn up in Turkish language

Investor get an appointment with an authorised translator of Turkish consulate and be present at the appointment day with his/her pictures and passport, draft of the power of attorney that her/his lawyer send to investor.

TO GIVE A POWER OF ATTORNEY IN TURKEY

Investors can give power of attorney through Turkish notary. Investors need to have their pictures, tax number and passport with them .