The last twenty years have seen Bodrum emerge as one of the most desirable locations to buy a property in Turkey. As such, it has become extremely popular with foreign nationals seeking Turkish citizenship by investment.
Like Istanbul, Fethiye, Kas, and Kalkan, it’s possible to purchase high-value properties right along the Bodrum peninsula. Areas such as Yalikavak, Türkbükü, Torba, and Gündoğan offer an enticing blend of beauty, lifestyle, and amenities that make them an attractive choice for those seeking a Turkish passport and who want to apply for Turkish nationality.
If you are considering applying for citizenship by investment in Bodrum, here’s a brief look at how to get citizenship by investment in Turkey, the requirements, the application process, and why using the services of an English-speaking lawyer in Bodrum to oversee your Turkish citizenship application is advised.
Turkish Citizenship by Investment Criteria
Since 2024, foreign nationals can apply for citizenship by investment in Turkey in two main ways. These include:
- Turkish Citizenship by Real Estate Investment
To qualify for citizenship by property purchase in Turkey, a foreign national must purchase one or more properties in Turkey with a combined minimum value of $400,000 USD. These properties are sold with a “no-resale for 3 years” annotation stated on their title deed. This means you cannot sell the property for a minimum of three years. Additionally, an official valuation must be obtained and submitted to confirm the property’s official market value. The payment for the property should be made via bank transfer, accompanied by documentation of any currency conversions and other official documents and paperwork.
- Turkish Citizenship by Bank Deposit
The second option for foreigners looking to apply for Turkish citizenship is to make a $ 500,000 USD deposit into a bank in Turkey. This sum must remain untouched in the Turkish bank for a minimum of three years. You are required to complete all applications and documentation in accordance with Turkish law and banking regulations, including proof of deposit, identification, and completion of all other compulsory, official forms. For more information on how to apply for Turkish citizenship by bank deposit, please read this article.
Turkish Citizenship by Investment Application Process
To apply for Turkish citizenship, aside from the initial investment, you must complete several official documents and submit the necessary applications. This paperwork must be submitted to the Provincial Directorate of Population and Citizenship in Turkey and include your application for a short-term Turkish residency permit, as well as a certificate of conformity issued by either the Turkish Ministry of Environment and Urbanisation (for Turkish citizenship applications via real estate investment) or the Banking Regulation and Supervision Agency (if you are applying for Turkish nationality by bank deposit)
The process for applying for Turkish citizenship takes time (typically 4 to 6 months – although timelines may vary), so please ensure the paperwork is filed correctly to avoid delays and complications.
Help With Turkish Citizenship Applications in Bodrum
If you are considering applying for Turkish citizenship by investment in Bodrum, to avoid delays and possible rejection, it is best to seek the services of a lawyer who specialises in Turkish nationality applications.
Burcu Yılmaz Law Firm operates in Bodrum and throughout the Mugla province, and we have helped secure Turkish nationality for many foreigners and their families.
Burcu Yilmaz is an English-speaking lawyer in Turkey who provides comprehensive representation throughout the Turkish citizenship application process, from conducting initial legal due diligence on property purchases to preparing and submitting official applications and coordinating with relevant registries, ministries, and authorities.
Get in Touch!
If you would like more information on applying for Turkish citizenship by investment in Bodrum or would like to learn more about the legal services we offer, please contact Burcu Yılmaz Sayılgan Law Firm at +90 533 392 6556 or visit our website at https://burcuyilmaz.av.tr/.
Further Reading and Legal Resources
For more information on specific legal topics in Turkey, explore these related articles:
