THE THINGS YOU SHOULD KNOW ABOUT

What if I purchase the property by using a mortgage loan?

If you purchase a property, by using a mortgage loan, in order to use it later for your Turkish citizenship application, the loan amount will be automatically deducted from the value calculated on the Evaluation Report. The rest amount will be counted in the calculation of 400.000 USD to be able to apply for the citizenship process.

May I purchase the property with cash money?

No, if you are making your investment for Turkish citizenship process, you have to make your payments for purchase price to the Seller via bank transfers and support your conformity certificate application with the bank wire receipts as proofs.

How long does it take to obtain Turkish Citizenship?

With My Home Turkey’s experience, a citizenship application is usually finalized between 2 - 5 months for our clients to obtain Turkish Citizenship by Investment Program. Comparing to the other countries in the world, which takes years to issue such applications, this period of time can be considered a lot quicker.

Is there any tax advantages for foreign investors?

For the units that have been newly completed and put on a sale by the construction company, the foreign investors have the right to apply for a VAT exemption. This option is only available for the sales between foreign investors and construction companies. In this way, foreign investors will be released from %8 VAT payment, and the sales price will be reduced by that amount.

Are there tax implications I should know about?

Turkey has signed double taxation agreements with most countries worldwide. Therefore, if you are paying your taxes on your incomes earned in your home country, or from anywhere outside of Turkey, you will not be taxed again for those incomes.

Do I need to undertake Military service?

No. Neither you nor your children or dependents, applied alongside you, will undertake the mandatory military service. For the ones who invested in Turkey and applied for Turkish citizenship by their investment are exempted from mandatory military service. This provision also contains all the other applicants, less than 18 years old, in the same file and obtained TR citizenship with.

Do I need to declare my wealth status to Turkish authorities now or in the future?

No, Turkish government or tax authorities do not need to see your current welfare status or ask you about the amount of your assets to give you citizenship rights.

Is Turkish Passport useful to live UK or USA?

By using your Turkish passport you can easily apply to Business Person visa for the UK or E-2 Investor visa for USA. Turkish passport can be a good pass to build a life in such countries.

What about inheritance laws?

Turkish legal system fully allows all your assets, investments and properties to pass to your surviving heirs.

Are there nationals that banned from applying to the citizenship program?

The nationals of Cuba, Syria, North Korea and Armenia are currently banned from applying to Turkish citizenship program under current regulations.