How to get turkish citizenship through real estate investment

1. Loft Residence , Büyükdere Cad. N0:201 D:12 4. Levent, Istanbul, Turkey
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FOREIGN CITIZENS’ ACQUISITION OF
TURKISH CITIZENSHIP
Criteria For Foreign Investors
1) Making a minimum fixed capital investment of USD 500,000 or equivalent
foreign currency or Turkish lira, as attested by the Ministry of Industry and
Technology
2) Acquiring a property worth a minimum of USD 250,000 or equivalent foreign
currency or Turkish lira with a title deed restriction on its resale for at least
three years, as attested by the Ministry of Environment and Urbanization
3) Creating jobs for at least 50 people, as attested by the Ministry of Family,
Labor and Social Services
Depositing at least USD 500,000 or equivalent foreign currency or Turkish lira in
banks operating in Turkey with the condition not to withdraw the same for at least
three years, as attested by the Banking Regulation and Supervision Agency
Buying at least USD 500,000 or equivalent foreign currency or Turkish lira worth of
government bonds with the condition that they cannot be sold for at least three
years, as attested by the Ministry of Treasury and Finance
Buying at least USD 500,000 or equivalent foreign currency or Turkish lira worth of
real estate investment fund share or venture capital investment fund share with the
condition that they cannot be sold for at least three years, as attested by the
Capital Markets Board of Turkey
Foreigners can only acquire Turkish citizenship based on the resolution
of the President of the Republic of Turkey, provided that there are no
impediments thereto pursuant to national security and public order.

2. Loft Residence , Büyükdere Cad. N0:201 D:12 4. Levent, Istanbul, Turkey
www.vestaglb.com info@vestaglb.com +90 212 284 17 04
Acquisition of Turkish Citizenship for Foreigners Through Real Estate
Investment
Investors of foreign origin are granted the right to acquire Turkish citizenship by means of
exceptional procedures upon purchase of real estate worth USD 250,000 and more.
For this purpose, foreigners:
• Shall purchase real estate worth at least USD 250,000
• Shall state, in the application for acquisition, that they purchased the real estate for this
purpose, the title deed should state this purpose, and the foreigner shall declare that they shall
not sell the real estate for three years in the section of the form where declarations are made.
With only one investment, spouse of the investor and their minor or dependent children may also
acquire Turkish citizenship in the event they apply together with the investor
Why Turkey?
With its warm climate and convenient geographical position acting as a bridge between Asia and
Europe, Turkey is considered an attractive place for residence or citizenship.
The Turkish citizenship program is one of the fastest at approximately three to six months for
application processing, one of the most affordable citizenship programs worldwide.
The Turkish government allows dual-citizenship, which means applicants may retain their original
nationality.
The Turkish citizenship provides access to the free Turkish education and health care system.
Additional benefits include visa-free travel to over 100 countries, Singapore, Japan and major
countries in South America and Africa.
The Turkish Government does not require the applicant to declare international earnings or pay
tax on international income. Further, there is no inheritance tax in Turkey
Turkey’s Customs Union with the EU allows investor and it’s businesses direct access to the EU
Market.
Turkey also has a prospective Visa free travel to EU soon

3. Loft Residence , Büyükdere Cad. N0:201 D:12 4. Levent, Istanbul, Turkey
www.vestaglb.com info@vestaglb.com +90 212 284 17 04
Vesta Global Turkish Citizenship Program
For a Family of Four : 4.000 $ + VAT
Real Estate Investment Consultancy
Issuance of Power of Attorney . (One POA for buying a real estate and another POA for citizenship
applications)
Getting a tax ID Number
Opening a bank account in a Turkish Bank
Organizing the appraisal report with an independent appraiser
Land registry application for the acquisition of a real estate by a foreign investor
Reviewing the land registry records and/or construction permits
Purchasing of the property (sales transaction through investors bank transfer of bank cheque.
Obtainment the “Tapu” – the tittle deed
Getting the certificate of eligibility from the Land Registry and Cadaster
Residence permit application
Turkish Citizenship application
An additional Real Estate Commission of 2% + VAT is charged for second hand properties. NO
COMMISSION is charged for investments from new projects and developments.
The main investor and all applicants must submit the original passport and its colored copies, 6
biometric 6*4 photos, marital status certificate, certificate of identity registration issued by the
original country. (additional documents could be required)

4. Loft Residence , Büyükdere Cad. N0:201 D:12 4. Levent, Istanbul, Turkey
www.vestaglb.com info@vestaglb.com +90 212 284 17 04
Governmental Expenditures
Residence Permit Expense ~ 950TL /applicant
Turkish Citizenship Expense ~ 100TL /applicant
Mandatory Health Insurance ~ 500TL- 850TL /applicant
Real Estate Appraisal Fee 1.500TL – 3.000TL
Notary & Translation Costs 2.000TL – 10.000TL (depending on language)
Land Registry Cost %3 of the purchased price of the property
(50% is paid by the seller)
Dask (Earthquake Insurance) ~ 300TL
Other Governmental Costs ~ 1.000TL
All costs are approximate to ± 10%. All invoices relating to these costs will be declared and
delivered to the investors.
Other Taxes:
Real estate tax is a municipal tax levied on the value of Turkish real property.
Residential premises are taxed at 0.2% of their value
Net rental income earned by individuals is subject to income tax at progressive
rates from 15% to 35%. However if the property is let out as a residence, around
5.400TL is exempt from taxation.
Capital gains tax from the sale of immovable property are exempt from income
tax provided that the holding period is longer than five years
This document has been prepared by Vesta Global for marketing purposes.
For more information please visit www. invest.gov.tr

5. Loft Residence , Büyükdere Cad. N0:201 D:12 4. Levent, Istanbul, Turkey
www.vestaglb.com info@vestaglb.com +90 212 284 17 04
Founded by A. Teuta Narazan and V. Armağan Akyüz, Vesta Global provides
marketing and sales consultancy service in the real estate sector.
In Vesta Global, we analyze every client’s needs and present the available
options, develop a plan of action and make it happen.
Thanks to its cooperation with the companies abroad and through its local
representatives, it provides local service in every country.
Vesta Global always stands by its customers and works to meet all expectations of
its customers with its perspective of 100% customer satisfaction.
With its citizenship and residence permit programs, it provides turn-key consultancy
services in all stages from finding real estate investment suitable for its customers to
legal processes and obtaining a residence permit.
Vesta Global’s Citizenship by Investment and Residency by Investment programs
include Turkey, Greece, Portugal, Spain, Malta, Cyprus, Montenegro, USA and UK
It also provides the construction and investment companies with turn-key solutions
from development of projects for domestic and overseas real estate projects to
marketing and sales consultancy and creating overseas sales channels.
From companies to Investors, wealthy individuals, families and their advisors rely on
our expertise and experience in this area.

6. Loft Residence , Büyükdere Cad. N0:201 D:12 4. Levent, Istanbul, Turkey
www.vestaglb.com info@vestaglb.com +90 212 284 17 04