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TRInvestment & renting out
No need for paying taxes in case you sell the real estate five years after you have bought it. If you sell it in less than five years then you will have to pay a profit tax, which can be calculated according to the difference between the purchase price and the selling price. Another advantage is that the purchase price is adjusted for inflation as well. The tax rate is usually around 20% of the profit you made from the buying and selling process. For considerably higher profits the tax rate increases. The amount of money you pay depends mainly on the price of buying your real estate in the title deed.
In accordance with Turkish regulation construction companies have to deposit capital in Turkish banks at the beginning of the project. This assures that projects can be completed in the event that the construction company goes bankrupt. Without transferring these funds to a bank municipalities will not give permission to start construction.
No, You can't, you have to buy cash, Without there being any sign of foreclosure from a bank or anything else.
Yes, you can buy various properties worth 400.000 USD or more and use them for your application (see here for more information).
You have to make sure that the property is “legally” worth the price you are paying for it, you need to get the valuation report of an independent SPK (Capital Markets Board of Turkey) certified appraiser approving the price and legally registering it to the official records. If the official appraisal of the chosen property is less than 400,000 USD, the property will not be validated as one that will allow you to apply afterward for Turkish citizenship.
No, you can own any number of properties in Turkey, as they are not limited to a certain number. There are other restrictions which are usually so high that they are not relevant.
The prices of properties during the real estate evaluation process are determined by experts licensed by the Turkish Capital Markets Board. The real value of a property is estimated by comparisons with similar properties in the market, ensuring that prices are not inflated and reflect market conditions.
Yes, you can take your money to your country of origin without any obstacles except that you will be obligated to pay the capital gains fee if you sell the property within five years.
Yes, if you are not planning on living there, you can rent it out and guarantee profitable returns through it. For short term rents (e.g. weekly rent outs over Airbnb) in some cities like Antalya and Istanbul in accordance with property regulation you might have to ask for the permission of the other house owners. For some property offers we have rental guarantees. Also we have investement recommendations if you are looking for a good ROI, please ask your property specialist.
Turkey has achieved an advanced position in its health sector in the world and is now a first choice for many foreigners who especially come to conduct surgical or cosmetic operations through governmental and private hospitals with a good reputation.
When you buy property/properties with a value of at least 400,000 USD, you can apply to the General Directorate of Land Registry and Cadastre (Tapu ve Kadastro Genel Müdürlüğü in Turkish). This application form is sent to the Ministry of Environment and Urbanization. Appraisers check and verify the value of the property(ies) at more than 400,000 USD value. The Ministry then places a statement on the title deed stating that you may not sell it for 3 years. Finally, the application is sent to the General Directorate of Population and Citizenship Affairs and you will receive your ID card and Turkish passport soon after.
Your wife (or husband) and your children who are under the age of 18 (on the application date).
