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| Turkish Citizenship by Investment new regulations |
The regulation on the implementation of the Turkish citizenship law was published to enter into force on 1 February 2023. With this Regulation, a number of prohibitions, restrictions and conditions have been determined with the provisions of the relevant legislation on the acquisition of real estate by foreigners from our country. The changes that are important and need to be considered are listed below:
1- In applications made based on the preliminary contract for sale, the total amount in the Regulation must be provided with a single contract. Within this scope of The Regulation, It is possible to subject more than one real estate under a single preliminary contract for sale. Accordingly, applications made based on more than one preliminary contract for sale will not be considered.After the effective date of this guideline, it is not possible to complete the remaining amount with a preliminary sales contract when the immovables do not meet the amount required for for the acquisition of Turkish Citizenship.
2- There is also a change in the annotation authority in the new regulation.In the registration process of indicating the commitment that the takeover and cancellation will not be made for a period of three years; If there is a statement in the contract that "this contract is made for the purpose of obtaining citizenship", the unilateral application of the promise creditor is sufficient, while in the contracts where this statement is not included, the parties must apply together.
3- Before the regulation, it was possible to subject an immovable property to the citizenship application with the acquisition of more than one person.
As of the effective date, it is not possible to apply for citizenship with the acquisition of the immovable as shares.
For example, in the event of an immovable is acquired by more than one foreign person to form joint ownership, this immovable cannot be subject to citizenship. However, In the event of a real estate registered in the name of more than one person is acquired by a foreign person, this real estate may be subject to citizenship.
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| Amendment In Practice Of Investor Residence Permit Applications |
With the newly introduced amendment on practice, the residence permit applications of foreigners who want to acquire citizenship through investment have been changed.
Until now, investors were not required to participate in residence permit applications. However, with the new regulation, the investor must come to Turkey and give fingerprints in the application or complete the fingerprinting process by going to the consulate of the country where they are located.
If fingerprints are not given in Turkey or abroad within one month, the investor’s residence permit will be cancelled. As long as the one-month period is not exceeded, until the investor give fingerprints , the citizenship application will not be affected.
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| Vat Exemption On Property Sales |
VAT EXEMPTION AND IMPLEMENTATION
As it is known, with the Presidential Decision No. 7346; The general VAT rate applied as 18% has been increased to 20%, and the VAT rate of deliveries and services subject to 8% VAT has been increased to 10%.
As a result of these new rates, which started to be implemented as of 10 July 2023, the VAT rates applied in real estate sales have also changed.
These rising VAT rates have increased the interest and questions regarding the VAT exemption procedure, which can be applied especially in sales to foreigners.
With the regulation made in the Official Gazette dated 05.05.2017, the opportunity to be exempted from this VAT has been brought to the Buyers who meet the relevant conditions in the Housing and Office sales, provided that certain conditions are met.
Related article:
“…..
"12. Exception for Housing or Workplace Delivery
To be applied to the first paragraph of Article 13 of the Law No. 3065, with Article 7 of the Law No. 6824 dated 23/2/2017, as of 1/4/2017,
“i) To be abroad for more than six months by obtaining a work or residence permit, except for those specified in the first paragraph of Article 3 of the Income Tax Law, provided that it is applied at the first delivery of the buildings constructed as residences or workplaces and the cost is brought to Turkey in foreign currency. Turkish citizens living in Turkey, foreign national real persons who are not settled in Turkey, and residential or workplace deliveries made to institutions that do not have a legal and business center in Turkey and that do not earn income in Turkey through a workplace or permanent representative If it is determined that the exemption is applied even though it does not meet the conditions, the taxpayer and the buyer are jointly responsible for the tax, tax loss penalty and delay interest not collected on time. It must be paid by the seller before the title deed transaction, together with the deferred interest calculated according to the article.),”
clause has been added.
The procedures and principles regarding this exception application are determined below.
There are some conditions sought in order for this article to be implemented and the sale to be made exempt from VAT:
1) Construction servitude must be established;
- It is obligatory that the building constructed as a residence or office has a construction permit and is actually delivered ready for the use of the buyers. In residences or offices where construction servitude can be established, a construction servitude must also be established.
2) Must be the first to sale of the property;
- It is applied on the first delivery to be made by the taxpayer who built the residence or workplace.
3) Buyers who can benefit:
- Turkish citizens who have lived abroad for more than six months with a work or residence permit,
- Natural persons of foreign nationality who are not settled in Turkey,
4) Bringing the Value to Turkey in Foreign Currency
- The sale price of the real estate must be brought to Turkey in foreign currency by the buyer and paid to the seller.
Documents required for VAT Exemption:
1) A power of attorney given to the lawyer who will follow the proceedings,
2) A copy of the passport issued by the country of nationality,
3) A duly approved residence document stating that the applicant resides in a foreign country,
4) A document from the Provincial Immigration Administration indicating that the applicant does not have a residence permit in Turkey,
5) A document from the police showing the applicant entry and exit from Turkey in the last 6 months.
- First 3 documents above must be provided by the applicant. Remainin documents will be provided by the lawyer.
- In the event that the house or workplace received within the scope of the exemption is disposed of within one year, the tax not collected on time is paid to the tax office of the place where the immovable is located, together with the delay interest calculated at the rate of postponement according to Article 48 of the Law No. 6183, before the title deed transaction.
- It is possible for buyers who meet the conditions to benefit from this exemption to purchase more than one residence or workplace within the scope of the exemption.
-After the necessary documents are delivered in full, it takes approximately 10 working days to receive the VAT Exemption letter from the relevant
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| Required Documents For Turkish Citizenship Applications |
Requied Documents For Turkish Citizenship Application
1) Passport Copies of all family members 2) Birth Certificates of all family members 3) Marriage Certificate
4) Family Registration Certificate
5) 4 Biometric Pictures of parents 6) Power Of Attorney
*All documents must be originals, just passports can be copies *All documents should be attested from Foreign Affairs and then we need another attestation from Turkish consulate
*All documents should be translated and notarized in Turkey
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| Investing in Real Estate in Turkey |
Investing in Real Estate in Turkey
?Legal Compliance:
?Familiarize yourself with Turkish property laws and regulations.
?Seek legal advice on ownership rights, taxation, and residency requirements for foreign investors.
?Location Analysis:
?Research various regions and cities in Turkey.
?Consider factors like infrastructure development, accessibility, and growth potential.
?Property Selection:
?Define investment goals and preferences.
?Choose from residential apartments, villas, commercial spaces, or land parcels.
?Due Diligence:
?Verify property ownership, title deeds, and legal encumbrances.
?Prioritize risk mitigation for a secure investment.
?Financing Options:
?Explore cash payments, mortgage loans, or developer payment plans.
?Assess terms, interest rates, and eligibility criteria.
?Tax Considerations:
?Understand property taxes, rental income tax, and capital gains tax.
?Consult tax professionals for optimized tax planning.
?Professional Assistance:
?Engage reputable real estate agents, lawyers, and property management companies.
?Benefit from their expertise in transaction facilitation and legal compliance.
?Market Dynamics:
?Stay informed about market trends, cultural nuances, and consumer preferences.
?Make informed decisions to capitalize on opportunities.
?Investment Strategy:
?Develop a clear strategy aligned with financial objectives and risk tolerance.
?Optimize returns by focusing on rental income, capital appreciation, or both.
?Long-Term Vision:
?Adopt a long-term perspective for sustainable growth and value creation.
?Stay committed to your investment strategy despite short-term fluctuations.
Navigating the intricacies of real estate investment in Turkey requires careful consideration and expert guidance. For personalized assistance and legal expertise in navigating Turkish property laws, contact us for comprehensive support and consultation.
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| Turkish Citizenship by Investment |
Turkish Citizenship by Investment
Today, many foreign nationals who come to Turkey want to obtain the right to become Turkish citizens. There are many processes that people who want to become Turkish citizens can apply. One of these processes is to become a citizen of Turkey through investment. Being a Turkey citizenship by investment is one of the most profitable citizenship options. We recommend that you apply with a lawyer who is an expert in this subject or contact the consultancy offices that can manage the process.
You can continue reading our article to learn more about the subject.
What are the Conditions of Turkish Citizenship by Investment?
Being a Turkish citizen by investment means both having a property and being a Turkish citizen. It allows you to acquire citizenship. For this reason, it is seen as the most profitable citizenship option. The conditions for becoming a Turkish citizen by investment are as follows:
•Foreign people with a fixed capital investment of at least 500,000 dollars in foreign currency or Turkish lira.
•Who have purchased immovable property worth at least $400,000 or equivalent in foreign currency, provided that they do not sell within three years from the date of purchase or those who have signed a preliminary sales contract.
•Those who deposit a minimum of $500,000 in Turkish banks, provided that they are not withdrawn for three years.
•Those who purchase real estate investment funds, or venture capital investment funds worth at least 500,000 dollars in foreign currency or Turkish lira.
SARDAG law makes you a property owner and helps you become a Turkish citizen as soon as possible. The term requirement for all investments in three years. You can become a Turkish Citizen provided that you can get all your investments and legal income back after three years. You can sell your property when the required period has expired, and Turkish Citizenship has been granted.
Documents Required for Turkish Citizenship by Investment
The documents required to become a Turkish citizen by investment are as follows:
•Notarized Turkish translation of passport with a valid passport.
•Four passport-sized biometric photographs.
•Reverse copy of residence permit.
•A unique purpose report showing at least $500,000 (USD) or foreign currency.
What Do You Need to Know to Get Turkish Citizenship by Investment?
What you need to know to obtain Turkish citizenship by investment is as follows:
•One of the cheapest and easiest citizenship by investment programs in the world is SARDAG law.
•With SARDAG law, the investor does not need to come to Turkey at any stage. It is possible to carry out all processes remotely with a power of attorney.
•Citizenship will be valid for life.
•The investor does not need to declare his wealth or income, and Turkey does not ask about the source of the money.
As SARDAG law, we promise to give you the best service at the best prices and make Turkey your new home. We manage your investment from start to completion, sourcing the most suitable investment, in the best location. You can contact us for your questions and legal requests on the subject.
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| How to Become a Turkish Citizen? |
How to Become a Turkish Citizen?
Today, many foreign nationals who come to Turkey gain the right to become Turkish citizens. There are many processes that people who want to become Turkish citizenship can apply. The required documents will also change in the processes that you can follow according to your situation and the conditions you provide. We recommend that you apply with a lawyer who is an expert in this subject or contact the consultancy offices that can manage the process.
You can continue reading our article to learn more about the subject.
How to Become a Turkish Citizenship?
There are many options for acquiring Turkish citizenship. These options are as follows:
•Acquiring Turkish Citizenship by the Decision of the Competent Authority
•To be mature and have the power to distinguish according to their own national law or, if stateless, according to Turkish laws.
•To reside in Turkey for five consecutive years, backward from the date of application.
•Confirming with his actions that he has decided to settle in Turkey.
•Not have a disease that poses a danger to general health.
•To be able to speak Turkish enough.
•To have an income or occupation that will provide for himself and his dependents in Turkey.
•Not to be in a situation that would constitute an obstacle in terms of national security and public order.
•Obtaining Turkish Citizenship by Investment
•Foreign people with a fixed capital investment of at least 500,000 dollars in foreign currency or Turkish lira.
•Those who have purchased immovable property worth at least $400,000 or equivalent in foreign currency, provided that they do not sell within three years from the date of purchase, or those who have signed a preliminary sales contract.
•Those who purchase real estate investment funds, or venture capital investment funds worth at least 500,000 dollars in foreign currency or Turkish lira.
What Do You Need to Know to Become a Turkish Citizen!
The easiest solution for gaining Turkish citizenship is to make a real estate investment. For this, SARDAG law always provides support. Our company helps people who want to become Turkish citizens through housing investment, to become Turkish citizens legally within three months when you make a real estate investment of 400k$ in Turkey. We follow your processes with our team and lawyers and help you become a Turkish citizen through investment.
The Advantages We Offer for You to Become a Citizen of Turkey!
In addition to the advantages we offer as SARDAG law , the applicant’s spouse and children under the age of 18 are also entitled to acquire Turkish citizenship. Your Turkish citizenship will remain for the rest of your life, and your children will be born as Turkish Citizens. You do not have to live in Turkey to participate in the program. You can maintain more than one with your Turkish citizenship.
As SARDAG law , we promise to give you the best service at the best prices and make Turkey your new home. We manage your investment from start to completion, sourcing the most suitable investment, in the best location. You can contact us for your questions and legal requests on the subject
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| Navigating Family Immigration Matters in Turkey |
Navigating Family Immigration Matters in Turkey
Family reunification is a crucial aspect of immigration law, facilitating the union of families in a new country. In Turkey, specific regulations guide the process of reuniting spouses, children, parents, and other dependents.
Spousal Sponsorship:
Turkish citizens and residents can sponsor their spouses for family reunification within Turkey. This requires meeting eligibility criteria and providing evidence of the marital relationship, including marriage certificates and photos.
Parent and Child Sponsorship:
Similarly, Turkish citizens and residents can sponsor their parents and dependent children. They must demonstrate financial capability and provide proof of parent-child relationship, such as birth certificates.
Application Process:
Initiating family reunification in Turkey involves submitting necessary documents to the authorities, including proof of relationship and financial support. Accuracy and completeness are crucial to avoid delays.
Residency Permit:
Upon approval, sponsored family members can apply for a residency permit in Turkey, granting them legal residency subject to renewal. Adhering to permit regulations is essential to maintain lawful status.
Legal Assistance:
Given the complexities involved, seeking guidance from immigration lawyers is advisable. They can offer support with eligibility, document preparation, and application procedures, ensuring a smooth process.
Family immigration plays a significant role in Turkish immigration law, enabling families to establish themselves in the country. Understanding the requirements and procedures is vital for those sponsoring family members. For personalized assistance, reputable law firms specializing in immigration law are available to provide expert advice and support. Contact us for further information or assistance with family immigration matters in Turkey.
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| Deportation Process |
The deportation process in Turkey is regulated between Articles 52 and 60 under the "Deportation" section of the Second Part titled "Foreigners" of Law No. 6458 on Foreigners and International Protection.
Deportation Decision
Deportation decisions are applied to those who violate the reasons stipulated in Article 54 of the Law. According to the explicit wording of the Law, this decision can only be made by governorates. The assessment and decision-making phase of deportation does not exceed 48 hours.
-Subjects of Deportation Decision
If one or more of the situations listed in Article 54 of the Law occur, with the exception of the provisions of Article 55 of the Law on Foreigners and International Protection, it is mandatory for the governorate to make a deportation decision.
The following individuals are those covered under the first paragraph of Article 54 of the Law and are subject to deportation:
1. Those deemed necessary to be deported according to Article 59 of Law No. 5237 (a.54/1-a).
2. Individuals who are leaders, members, or supporters of a terrorist organization or a benefit-oriented criminal organization (a.54/1-b).
3. Individuals who provide false information and use fake documents during entry, visa, and residence permit procedures (a.54/1-c).
4. Individuals who have made their living through illegitimate means during their stay in Turkey (a.54/1-ç).
5. Individuals posing a threat to public order, public security, or public health (a.54/1-d).
6. Individuals who have exceeded the visa or visa exemption period by more than ten days or whose visas have been canceled (a.54/1-e).
7. Individuals whose residence permits have been canceled (a.54/1-f).
8. Individuals who, after the expiration of their residence permit, have exceeded the permitted duration by more than ten days without acceptable grounds (a.54/1-g).
9. Individuals found to be working without a work permit (a.54/1-g).
10. Individuals who breach the terms and conditions for legal entry into or exit from Turkey (a.54/1-h).
11. Individuals who have entered Turkey despite an entry ban to Turkey (a.54/1-i).
12. Individuals whose international protection claims have been refused, excluded from international protection, deemed inadmissible, withdrawn their application or considered withdrawn, or whose international protection status has ended or been canceled, provided that they no longer have the right to stay in Turkey after the final decision according to other provisions of this Law (a.54/1-i).
13. Individuals who fail to leave Turkey within ten days when their residence permit renewal application is rejected (a.54/1-j).
14. Individuals who are deemed to be associated with terrorist organizations as defined by international institutions and organizations (added by: 3/10/2016-Decree Law-676/36 art.; Adopted verbatim: 1/2/2018-7070/31 art.).
-Deportation Exemptions
Even if they fall under Article 54, the following foreigners are not subject to deportation:
1. Those who would face serious risks such as death penalty, torture, inhuman or degrading treatment in the country of deportation (a.55/1-a).
2. Those deemed risky to travel due to serious health issues, age, or pregnancy (a.55/1-b).
3. Those for whom treatment is not available in the country of deportation for life-threatening illnesses while treatment is ongoing (a.55/1-c).
4. Human trafficking victims benefiting from victim support processes (a.55/1-ç).
5. Victims of psychological, physical, or sexual violence until their treatment is completed (a.55/1-d).
The assessment of whether they fall under Article 55 is made separately for each foreigner. These foreigners may be granted humanitarian residence permits under Article 46 of the Law, and they may be asked to reside at a specified address and make notifications in the required manner and intervals. Deportation decisions will be made for these individuals once these situations come to an end.
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| Why Should You Become a Citizen of Turkey? What are the Benefits of Turkish Citizenship? |
Why Should You Become a Citizen of Turkey? What are the Benefits of Turkish Citizenship?
Today, many foreign nationals who come to Turkey want to become Turkish citizens. There are many processes that people who want to become Turkish citizens can apply. The necessary documents in the processes, you can follow will also change according to your situation and the conditions you provide. There are many benefits of being Turkish citizenship. We recommend that you apply to a lawyer who is an expert in this subject or contact the consultancy offices that can manage the process. So why should you be a Turkish citizen, and what are the benefits of Turkish citizenship?
You can continue reading our article to learn more about the subject.
Why Should You Become a Citizen of Turkey?
In Turkey, the compulsory education system covers all citizens. In addition, the state provides scholarships for students who cannot afford them. It also supplies necessary services for citizens who need special education. By the definition of the Social State, it provides its citizens with houses, roads, hospitals, parks, sports fields, etc. Turkey, which provides services, has accelerated its service and delivery.
What are the Economic Benefits of Being a Citizen of Turkey?
Turkey has had a significant global impact on business, investment, tourism, and immigrant life, especially in recent years. Many foreign nationals want to enjoy the same rights as a Turkish person by moving to Turkey, establishing a business in Turkey, or becoming Turkish citizens.
What are the Benefits of Turkish Citizenship?
The benefits of Turkish citizenship include the elimination of the need for a residence permit. Thus saving time and money, as well as work permits and voting rights. Individuals who are entitled to become Turkish citizens can also make payments to the social security system for health and retirement benefits. The rights of Turkish citizens are as follows:
•Turkey is a country that has witnessed unprecedented growth in infrastructure projects, attracting foreign investment. It is a modern country that supports real estate investments that attract foreign capital and has a distinguished position in the regional and international arena.
•The strategic plans of the Turkish government are to ensure long-term stability and sustainable development by strengthening the economy and creating new resources.
•Having unique strategic importance between Asia and Europe and a bridge.
•You can experience all four seasons in Turkey, which is a country.
As SARDAG law, we promise to give you the best service at the best prices, making Turkey your new home. We manage your investment from start to completion, sourcing the most suitable investment, in the best location. You can contact us for your questions and legal requests on the subject.
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