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.
