Blacksea is the aspiring market leader in residence and citizenship planning. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. Our highly qualified professionals work together as one team worldwide.

We offer high-net-worth individuals a suite of successful residence and citizenship-by-investment program that can enhance their travel freedom and allow them to define their futures.

In times of uncertainty, all financial markets are becoming increasingly volatile, but property however remains a stable asset class, which is attracting increased investment.

We are currently focusing on real estate investments in Turkey whether its residential, commercial or agricultural properties as it offers highest capital gains (upto 27%) as compared to rest of the world beside offering a strong passport allowing free travel to 115 countries.

• Raises investor interests across the spectrum of real estate assets across Turkey (Villas, townhouses, apartments, wooden chalet, farmhouses, beach houses, agricultural lands, walnut orchid, pomegranate orchids, vineyards etc.)
• Selectively partners with well-reputed project developers all across the Turkey to match up with investor demand
• Seeks non-conflicting properties with clear transferability and legal compliance in different geographies to provide investors diversification
• Estimates demand, market value and negotiate minimum price acceptable to the property owner for every property prior to engaging in a mandate to sell.
• Conducts real estate due diligence with respect to completion, expected delivery, earthquake insurance, utilities connection etc.

But why would you want a Turkish passport in the first place?

• Turkey is a vast country that straddles the Euroasian continent, with one foot in the Western European world and one foot in the Middle East. And, with a population of 82 million people, a median age of 31.5 and life expectancy of 76, Turkey is a country that’s highly dynamic and a true amalgamation of cultures.
• Its rich culture and stunning landscapes drew over 50 million people to its beaches and cities in 2019. But tourism isn’t its only thriving industry as Turkey is a newly industrialized country producing everything from televisions to home appliances having total exports of approx. USD 172 Billion.
• Turkey has many great fundamentals, including the young population, its location, and its emerging market status, among many other factors that make it a highly interesting country for investors to engage with. Country is vastly Muslim with liberal values of Europe.
• Turkey is a member of the G20 and leading member of NATO for 2021, as well as a candidate for EU membership. They have already aligned all the requirements of EU membership. There is no denying that it’s a regional economic powerhouse and the world’s 13th largest economy.

It also has one of the highest GDP rates per capita when compared to other countries that offer citizenship by investment.

Turkey is a major transcontinental country strategically positioned and bordered by three seas. A popular tourist destination, Turkey’s location facilitates connectivity with key markets via excellent transport links. Its location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.

Turkey offers a fast route to acquiring a second passport within 3-4 months, through property investments from $400,000 which is refundable after 3 years. The program features a straightforward application process without any obligation to declare the investor’s assets or income generated in other countries, and without their physical presence being required. Whether it is purchasing property as an alternative residence, or as a solid investment with high ROI potential, there are a wide range of modern apartments and luxury seafront villas, all at highly competitive prices. Investors can benefit from rental income and may re-sell after 3 years with highest capital gains as compared to rest of the world. The program offers simplified routes to relocating to UK or USA under respective visa categories available for Turkish nationals.

“Invest in real estate, rent it at 7%, then watch it appreciate in value at 25% per year and sell it three years later. The Turkish citizenship is yours.”

To qualify for citizenship, the main applicant should fulfil the following investment requirements:

• Acquire at least USD 400,000 worth of real estate

Please note that this amount used to be USD 1,000,000 however since midst of 2022, Govt. has reduced the investment requirement to USD 400,000.

The application process usually takes just 3-4 months from conception to completion and we will take care of everything, you don’t have to get involved in anything at all.

Turkey does not require that you learn any Turkish or go to a formal interview of any kind.

Neither is there a requirement to live in Turkey. All of your family members (spouse and kids under 18 years of age) can also obtain a Turkish citizenship if you fulfill the requirements as the main applicant.

You can expedite the process and apply remotely before going to Turkey for a three day trip, during which you would purchase the real estate and go home with your deed title. It’s incredibly easy.

However, keep in mind that throughout the process, lots of paperwork will be required. Official translations, apostilles, notary certifications, photos… It’s best to leave it all up to a certified professional. You definitely don’t want to be keeping track of all that.

Here’s what you need to do to get a Turkish citizenship by investment.

1. Main Applicant/Investor visits Turkey (your family is not required to visit).
2. Tax number is obtained from local tax authority office.
3. Bank Account is opened in Turkey.
4. Shortlisted properties are visited by the Applicant alongside our representative.
5. Property to be purchased is evaluated by a Govt. approved Valuation company. Value of the property as per the valuation report must be equivalent to USD 400,000 to be eligible for citizenship application.
6. Certificate of Eligibility is issued by General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization based on the Valuation Report of the property.
7. All the necessary checks are made it in relevant municipality office regarding legality, permissions, completion certificate, construction as per approved map, utilities connection, overdue charges, insurance, transferability, tax payments etc.
8. Any pending charges, fees or bills are cleared off by the Seller.
9. An appointment is made at the local municipality office for the execution of property transfer. A translator is also appointed in case of foreign buyer.
10. Transfer is executed and same time original title deed is issued in the name of Buyer. Keys are handed over to Buyer.

Purchase of property is completed. You are now the owner of property in the world’s most performing real estate market.

As per Knight Frank’s latest report 10.12.2020 for world’s top 150 cities, three cities of Turkey were ranked within Top 5 with capital gains of 25%-27%.

1. Post-purchase property is restricted for reselling for a period of 3 years with the Notary office.
2. Power of Attorney is issued in the name of Lawyer to process the citizenship application and to present on behalf of the buyer. Rest of the process is taken care by the Lawyer.

• • And the best news of all? You don’t have to be present for the decision to be made. No interview has to take place either. No requirement of learning Turkish language.
  • In essence, you drop off the paperwork and can fly home with your title deed at hand and expect a passport in the next 3-4 months.

3. A residence permit application shall be made by the lawyer on behalf of the Buyer/Applicant. Residence card (with 2 years validity) is typically issued within 3-5 days.

• • It is an intermediate and mandatory step prior to apply for citizenship. However, if your investment is less than USD 400,000/- , then the process is completed for you, you & your family are now Turkish Resident.
  • There is no need to stay or even live in Turkey prior to becoming a resident, nor do you need to continue staying in Turkey after you’ve received it.
  • Basically, it’s just a formality and another hoop to jump through. Luckily, Turkey has made it a particularly easy one.

4. The final step in the journey – actually applying for citizenship. As soon as your residence permit is granted, you can submit your paperwork to the Provincial Directorate of Census and Citizenship through the Lawyer.
5. Once all application documents have been prepared and provided to Lawyer (including applicable certifications and translations), the documents are submitted to the government.
6. Once the application has been received by the government, the review process will begin.
7. Applications are typically approved within 8 weeks, following which the citizenship approval certificate is issued.
8. The passport issuance application can then be submitted by the Applicant & his family to any local embassy in the country of their residence. Passport & Turkish ID cards are issued within 2 weeks. A Turkish passport is valid for 10 years, so you won’t be needing to renew it soon.

Congratulations, you and your family have become a Turkish citizen. It is irrevocable and transferable to your future generations. And you can also keep your origin country passport as dual nationality is allowed by Turkey.  You will receive all the benefits such as free universal healthcare, free education till university, unemployment benefits, and pension & retirement benefits.

Blacksea will take care of the entire process from getting a Tax number and purchasing the property to obtaining citizenship. You will not have to indulge in any process, our team of professionals will take care of every aspect. Just to give you an idea about your total expenditure in addition to actual price of the property will be approx. USD 12,000 – USD 15,000 and it includes everything including govt. fees, our commission (3%), valuation fee, our legal fees (1%), transfer fee etc.

After receiving your Turkish citizenship, you must hold the property for at least 3 years, after which you can resell the property. Turkey is world’s no. 1 real estate market consecutively for last 3 years as per Knight Frank’s latest report dated 10.12.2020 yielding annual growth of 27%.

Privileged access to Schengen zone, US, UK, Canada, Australia, visa free access to Japan, South Africa, Latin America, Thailand, Singapore, Malaysia, Bosnia, Serbia, Moldova, Albania, Central Asia, South Korea & 100 more.

Rent your property while you hold it, and benefit from annual yields of up to 7%-8%.

Treaty agreement country for USA E-1 and E-2 Investor Visa.

Turkish company owners have the option of a special business visa for the UK.

Less than 4 months from application until approval.

Dual citizenship is permitted in Turkey, so you can keep your birth country’s passport too.

Spouses, children under 18 years old, and parents if they are dependent.

You are not required to reside in Turkey for any period of time.

There is no requirement to learn the Turkish language.

Invest in land or property with a minimum total value of $400,000 which could comprise of one or multiple properties.

Turkey provides universal free healthcare to all its citizens.

Turkey provides free education in all the government schools colleges and universities for its citizens.

As a Turkish citizen you qualify for unemployment benefit and govt. pension plans.