• A tax number is the essential ID number for each registration and financial transaction in Turkey. A Tax Identification Number is a ten-digit number assigned to individuals.Foreigners should have a tax number for; opening a bank account, buying a property, subscribing for utility services, issuing insurance, getting health services, doing notarial processes, applying for residence permits, etcTax Registration number can be obtained from interactive tax office’s website or any tax office in TurkeyDocuments Required for Getting Tax Number
  • Passport details
  • Mother and father name

• We open a bank account on behalf of an investor with power of attorney.Documents Required for Opening Bank Account
  • Passport
  • Offical Tax Registration document with Turkish address declaration
  • Depositing 15.000 TL or in equivalance of Usd for 6 months

• MILITARY ZONEForeigners may not acquire properties in military forbidden zones further to the Military Forbidden Zones and Security Zones Law No. 2565.FORBIDDEN ZONESAcquisition by foreigners is not possible at the places included in strategic areas and special security zones defined by the President as areas where foreign real and legal persons may not acquire properties

  SYRAN CITIZENS

  Syrian nationals are not allowed to buy property in Turkey

  30 HECTARES MAXIMUM

  A foreign real person may acquire properties and restricted real rights of up to 30 hectares maximum. The President may increase this size up to two times.

  REAL ESTATE PURCHASE LIMIT IN ONE DISTRICT

  Total area of properties acquired by foreign real persons and independent and continuous limited real rights may not exceed ten percent (10%) of the surface area of the subject district of the private property

  ELIGIBLE REAL ESTATE CRITERIA FOR CITIZENSHIP

  Investor can buy any type of immovable property such as condo, land, apartment, shop, field, cropland. In the field of agricultural land acquisition requests of foreign people, it is undertaken to obtain preliminary permits within the scope of agricultural legislation and to submit an agricultural project within 2 years, and in the case of land acquisition, land owner should provide a building licence project to the relevant Municipality within 2 years .

  Investors can apply Turkish Citizenship by Agreement for the Promise to Sale

  As applicable for 07.12.2018 and thereafter, the

  application may be filed after an undertaking is provided not to transfer and cancel the agreement issued before the notary for a period of three years, provided that the minimum amount of USD 400.000 or equivalent thereof is paid in advance for real estates with condominium or construction servitude created thereon.

  Investor can buy more than one property in the same or different cities with the same investment amount. Also Investor can buy at different times, however without completion of the minimum USD 400.000 investment amount, you cannot apply for Turkish Citizenship.

  The real estate(s) that will be purchased cannot be registered under any foreign real person’s name including the applicant’s spouse and children. Furthermore, the real estate(s) cannot be one that was transferred after 12.01.2017 by the foreign person, their spouse or children or any foreign real person. In addition, the real estate subject to purchase must not be one of the real estates registered in the name of the company to which the foreign real person is the partner or manage

   

   

  THE DOCUMENT REQUIRED IN ORDER BUY PROPERTY IN TURKEY FOR FOREIGNER BUYERS

  • Tax number obtained at Tax Offices in Turkey
  • Passport translation notarized copy that includes nationality
  • One photo of the buyer
  • Power of attorney given to a lawyer or authorised translator
  • Evaluation report to be received from the firms authorized for valuation as licensed by the CMB (Capital Market Board) as published on the official website of CMB
  • Earthquake insurance
  • Minimum sale price document obtained by municipality
  • Energy id document
  • Title deed certificate

3. THE PROCEDURE TO BUY PROPERTY IN TURKEY

1. Buyer chooses property interested in and sign a reservation form with a developer and pay for the reservation fee.
2. Buyer obtains tax number
3. If it is necessary, buyer opens a bank account in Turkey
4. Buyer obtains evaluation report of the property
5. Buyer signs preliminary sale agreement
6. Buyer pays sale price through bank transfer

1. Developer apply for appointment day at registration office
2. Both sides pay taxes to title deed office through bank transfer
3. Developer and buyer and/or assigned lawyer will go to appointment for title deed transfer and sign sale agreement
4. Title deed certificate is obtained at the same day of title deed transfer

INFORMATION ABOUT THE TRANSFER TO BE MADE TO PURCHASE THE REAL ESTATE

1. Sale price must be deposited to the bank account of the seller or the seller’s authorized representative through such means as money transfer, EFT etc. by the purchaser or the purchaser’s authorized representative and must be documented.

2. For real estates owned by public institutions and enterprises, such as TOKİ and Emlak Konut, the transfer/payment of the price may also be evidenced by a certified bank receipt or official letter showing the amount received

3. Investment amount can be paid through investor’s personal account abroad or Turkish account to developer’s account. Investment money should be directly transferred from investor’s personal account.

4. If investor cannot directly transfer from his personal foreign account, we recommend to open an account in Turkey and transfer investment money to your bank account in Turkey. Lawyer can open a bank account with power of attorney or can assist investor and be present to open a bank account in Turkey.

5. Investment money also can be paid to branch that developer’s account is hold by lawyer or investor itself. In this case, different explanation should have be written to cashier.

6. The US dollar value of the property shall be calculated based on the amount stated at real estate value assessment report and the effective USD selling rate and / or cross exchange rate of the Central Bank of the Republic of Turkey on transaction date.

THE TITLE DEED COST BUYER RESPONSIBLE FOR

1.Title deed tax is %4 of sale price. Legally buyer has to pay only %2 of the sale price. However, this conditions may depends on the negotiation.

2.Revolving fund fee which is another type of tax charged by tax office, at the amount of 1600 TL in 2021.

3.Evaluation report fee between 2000-3000 TL.

4.If the project is new, opening facility fees, approximately 5.000 TL

5.Vat- if property is residential unit and first hand %1 of the sale price is paid as vat which is most of the time included in the sale price. Please check with the owner. If property is qualified as commercial unit % 8 or for some luxury projects it is %18 of the sale price is paid as vat.

TAX LIABILITIES AFTER BUYING PROPERTY

Local property tax is payable in two equal instalments, the first in May and the second in November. You have to contact your local municipality (Belediye) for further information and payment options. Tax is calculated based on the value of the property and is subject to thresholds set by the tax authorities as follows:

For real estate located inside of a metropolitan municipality area:

• Residences 0.2%
• Other buildings 0.4%
• Land 0.2%
• Vacant land (but allocated for construction purposes) 0.6%

For real estate located outside of a metropolitan municipality area:

• Residences 0.1%
• Other buildings 0.2%
• Land 0.1%
• Farming land 0%
• Vacant land (but allocated for construction purposes) 0.3%

VAT Exemption on Purchasing a Real Estate

Effective from 1 April 2017 – except for cases mentioned in Article 3 first paragraph sub-paragraph 2 of the Turkish Income Tax – any deliveries of houses and workplaces to (i) Turkish citizens living abroad for more than 6 months by obtaining a work permit or residence permit, (ii) foreign individuals not permanently residing in Turkey, and (iii) institutions whose legal residences and headquarters are not located in Turkey and which are not earning any profits in Turkey by virtue of a workplace or any permanent representative are exempted from VAT provided that such exemption is only applied to the first delivery of the houses and workplaces falling under the mentioned exemption and foreign currency is brought into Turkey in return to such delivery.

Every buyer has to pay Vat if the property has not been sold to any party before. In other words, if property is first-hand and kept by the developer, buyer has to pay Vat which might be %1, %8 or %18 depending on the property status

But Foreign citizens and Turkish citizens who reside in foreign countries who purchased a real estate are VAT exempted.

The below conditions should be fulfilled in order to benefit from the VAT exemption:

• Only the new real estate properties purchased from construction companies are included. In other words, second-hand purchases are not in scope of the exemption.
• The real estate must be purchased in foreign currency.
• The purchased real estate cannot be sold within a year following the purchase date. In case the real estate is sold within a year, the exempted VAT will be collected.

DOCUMENTS REQUIRED FOR OBTAINING

TAX EXEMPTION

• Obtain residency certificate from a country where buyer resides

• Acquire a letter from immigration office in Turkey in respect of a buyer is not settled in Turkey

• Acquire a letter from police department showing arrival and departure dates of a buyer

• Acquire letter from tax office that proves buyer is not settled in Turkey

• 1. PUTTING AN ANNOTATION ONTO TITLE DEED
  • At the purchase of the property, the buyer shall give declare that the property will not sold within 3 years and a title deed restriction of not selling the property within 3 years shall be added the restrictions section of the title deed or to annotate a statutory formed preliminary contract to the land registry with a commitment that not to sell or not to cancel this annotation for 3 years.
  • The value of the real estate(s) will be determined through an official assessment by the valuation companies announced by the Banking Regulation and Supervision Agency (BRSA). The value of the property/properties must be at least 250,000 US dollars in the Real Estate Valuation Report. (The date of issue of this Real Estate Valuation Report cannot be later than three months before the date of application for citizenship. This valuation report shall be deemed valid until the transaction is completed.)
  • Orijinal bank reciepts is taken from investor’s bank branch
  • We apply to Title Deed Office with the evaluation report and original bank receipts at the title deed office for putting an annotation on the deed that it will not be sold within 3 years

• 1. Official Valuation Survey must be requested and provided.Bank transfer receipt must be sent.Application must be made to the Ministry of Environment and Urbanization.We apply to Title Deed Office with the evaluation report and original bank receipts for certificate of condormity on behalf of investors.

     Title deed office will apply to General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization for certificate of eligibility.

     Between 7 to 14 days certificate of eligibility will be send to investor/lawyer’s e-mail

Investor 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

1. Family Registration Document*

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

1. 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 ınvesment

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 .