1. Registration of a TIN, opening a bank account and buying a home. The Immigrant Invest lawyers sent an offer to purchase an apartment to a real estate seller in Turkey and concluded a preliminary sale and purchase agreement on behalf of Romesh.
Romesh received an individual tax number in Turkey to register a property and open a bank account.
After registering the TIN and opening an account, the seller and Romesh signed a sale and purchase agreement, and the investor transferred the money to the seller. Romesh received a certified copy of TAPU, the certificate of registering a property in the land registry of Turkey.
Property appraisals for the citizenship program are carried out by companies licensed by the Banking Regulation and Supervision Authority (BRSA or BDDK in Turkish) and the Capital Markets Board (SPK in Turkish). The examination cost depends on the area and municipal fees, which averages $150.
Examples of Turkish investment properties
2. Preparation of documents and application for a residence permit. To apply for Turkish citizenship, you must first obtain a residence permit. A residence permit is issued to investors immediately after the real estate purchase. At the same time, they do not need to live in the country.
A package of documents for a short-term residence permit includes:
an application for a residence permit;
copies of national and international passports;
a bank statement confirming sufficient funds to live in Turkey during the period of the residence permit validity;
receipts of payment of the fee for the issuance of a residence permit card;
medical insurance;
a sale and purchase agreement for a property;
a certificate of ownership of real estate (TAPU).
The Immigrant Invest lawyers translated the documents into Turkish and apostilled them. Then they forwarded the documents to the Turkish CBI Unit. Two weeks later, Romesh received a residence permit card.
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Individual cost calculation for Turkish citizenship
3. Applying for citizenship. As soon as Romesh received a residence permit, he applied for Turkey citizenship. To this end, Immigrant Invest lawyers prepared the second package of documents.
The main documents that the investor provides when applying for Turkey citizenship:
the investor’s application in two copies;
the investor’s CV;
copies of national and international passports of all family members;
birth certificates for all family members;
a marriage certificate;
medical insurance;
a police clearance certificate;
a copy of the residence permit;
a bank statement confirming payment for real estate;
a Certificate of Conformity proving the fulfilment of financial investment obligations from the General Directorate of TAPU and Cadastre;
the investor’s power of attorney for an Immigrant Invest lawyer;
a payment receipt of the state fee for the passport issuance.
Based on a power of attorney, the Immigrant Invest lawyers forwarded Romesh’s documents to the Provincial Civil Registry and Citizenship Office at the place of the property location.
From the Provincial Office, the investor’s application and documents are forwarded to the General Directorate of Civil Status Acts and the Ministry of Internal Affairs of Turkey. There, the application and documents are considered for three to four months. Romesh received approval on April 30th, 2021.
4. Obtaining passports. In early May 2022, Romesh and his wife Chandira received their passports at the Turkish Embassy in Dhaka.
$282,992 were spent by Romesh и Chandira on participation in the Turkey citizenship program:
purchase of real estate — $270,000;
property tax of 4% — $10,800;
an assessment from a licensed appraiser — $150;
registration fee — $30;
fee for applying for a residence permit — $216;
passport fee — $330;
tax number — $18;
private medical insurance — $300;
government processing fees — $1,148.
6 months for Romesh and Chandira to obtain Turkey citizenship by investment
Romesh applied to Immigrant Invest
Preliminary Due Diligence
Signing a contract for the provision of Turkey citizenship services
Obtaining a residence permit card in Turkey
Citizenship application processing
Romesh and Chandira received Turkish passports
55 m² — 200 m²
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