Frequently Asked Questions-FAQ's

Frequently Asked Questions-FAQ's
1. Can I apply for Turkish citizenship with a preliminary contract for sale?
Answer: An application can be made with a promise that the property would be transferred and released in three years through a notarized contract if minimum USD 400,000 or equivalent amount was paid as down payment for any properties with established common hold or construction servitude on or after 07 December 2018.
2. What type of property qualifies for the Citizenship by Investment program?
Answer: The attribute of the property does not matter for citizenship through property purchase. (It may be a residence, workplace, land, field, yard etc.) However, for any commitments through notarized promise of sale, the property must have an established commonhold or construction servitude.
3. What is required for the transfer of the selling cost of the property?
Answer: Must be deposited and documented as bank remittance, EFT, etc. by the buyer or the buyer’s representative to the bank account of the seller or the seller’s representative. Additionally, the receiver must sign and stamp the remittance to show proof of receipt into the seller’s account.
4. How do I obtain the Certificate of Conformity?
Answer: The directorate of land registry, who processes the commitment foreseen in the regulations according to the related Directive and its practical communiques, submits all documents to the General Directorate of Land Registry and Cadaster or the related regional directorate. The General Directorate/Regional Directorate inspects the documents of the transaction, issues a Certificate of Conformity, and sends it to the General Directorate of the Immigration Administration and the General Directorate of Census and Citizenship Affairs by official means, and to the related person by e-mail. Foreigners who obtain the certificate of conformity shall initially apply to the Provincial Directorate of Immigration Administration for a residence permit and then to the Provincial Directorate of Census and Citizenship for citizenship.
5. Does the $400,000 USD have to be spent on one property?
Answer: No, it does not. In fact, if strictly purchasing for investment, Prime Property may recommend a path where 2 or more properties are obtained to maximize your ROI.
6. Where to obtain the appraisal report and is there a validity term for it?
Answer: The appraisal report shall be obtained from the appraisal organizations posted on the web page of the Board of Capital Markets (SPK) (http://www.spk.gov.tr/SiteApps/SirketIletisim/List/gds) . It is valid for three months beginning from the date of issue. It shall be considered applicable until the transaction is completed from the date it is given.
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