Anatase (001)nanosheets have recently attracted great attention as very active catalysts and photocatalysts. These graphene analogs have very high surface area and unique surface properties. In the present paper, very thin two-layer anatase nanosheets are investigated computationally in the form of quantum dots of various size. Quantum size effect (QSE)was clearly observed for nanosheets with fully hydroxylated edges and size up to 14 nm and the ultimate band gap is around 3.4 eV. Dehydroxylation of nanosheets obscured QSE, decreased band gap and induced visible light absorption. Therefore, contradictory trends reported in experimental studies for anatase QSE can be ascribed to different degree of hydroxylation of the TiO 2 samples surface. All anatase nanosheet quantum dots retained their flat graphene-like shape. These findings demonstrate that dehydroxylated anatase nanosheet quantum dots are prospective visible-light active photocatalysts even if their inherent band gap is considerably larger than for bulk anatase.