Obtaining Turkish citizenship through real estate investment 2022 - 2023
Last Updated: 2023-10-10Obtaining Turkish citizenship through real estate investment
* A question asked by many people coming to Turkey, how do I get Turkish citizenship through real estate investment ?
The question of how to obtain Turkish citizenship through real estate investment was a question mark that preoccupied many people, especially after the issuance of the Turkish law that provides for granting the advantage of obtaining Turkish citizenship through real estate investment.
* The Turkish Citizenship Law has attracted the attention of investors from all over the world, including investors from Arab countries who want more facilities in their travel, movement and transactions, as the Turkish Citizenship Law facilitated the realization of their desire to obtain Turkish citizenship away from complications and procrastination.
What are the advantages you will enjoy after obtaining Turkish citizenship ?
Turkish citizenship has a high global position, the Turkish passport ranking recorded (121) points on the visa-free travel index, and therefore everyone who holds Turkish citizenship can enter more than (72) countries without obtaining a visa in advance, including the State of Qatar, Japan, South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Brazil, Belarus, Bosnia and Herzegovina, the Sultanate of Brunei, Chile, Georgia, Serbia, South Africa, Thailand, Ukraine, Indonesia Argentina, and other countries.
Another advantage of Turkish citizenship is the possibility of obtaining an American investor visa of the E2 category, which is usually granted for two years, to investors coming to America from some countries with which it has treaties of friendship, trade or navigation, including the Turkish state.
* After you know the benefits of obtaining Turkish citizenship , you should see the details of the Turkish real estate law that will give you Turkish citizenship through your real estate investments.
The Turkish Naturalization Law, is a law under which you can obtain Turkish citizenship, it was issued in 2010 and amended in 2018, through which Turkish citizenship can be obtained for everyone who wishes to invest in Turkey with one of the types of investment, which includes:
Obtaining Turkish citizenship through real estate ownership:
This is done by the investor owning any property in Turkey with a minimum value of (400thousand US dollars), provided that this property is not sold for three years, this is your first choice.
* The second option, enables you to obtain Turkish citizenship by depositing the equivalent of (500 thousand US dollars) as a minimum in a Turkish bank for a period of three years.
* By employing at least one hundred Turkish employees, you can also obtain Turkish citizenship or by buying government bonds of (400thousand US dollars) as a minimum.
*Now what are the conditions that must be met in the property that will enable you to obtain Turkish citizenship?
- The value of the purchased property(s) should be USD 400,000 or more, or its equivalent in Turkish currency according to the exchange rate.
- Registering the property in Turkey regularly in the title deed department, whether this property is ready, or apartments and properties are under construction.
- The property must be purchased from a person who has Turkish citizenship or a Turkish construction company.
- The value of the property must be paid through a regular bank transfer.
- Obtaining a document for the exchange of foreign funds to Turkish lira from the bank
- Foreigners are also required to obtain a real estate appraisal report from a real estate appraisal company approved by the Turkish government.
* As for the conditions that must be met by the property buyer:
The nationality of the property buyer must be one of the nationalities that fall into the list allowed to obtain Turkish citizenship , as the naturalization law in Turkey included almost all nationalities except for specific nationalities .
Turkish citizenship is granted to each of the property owner, his wife and children who are under the age of 18 , and on the other hand, the buyer must not sell the property for a period of 3 years from the date of purchase.
Steps and papers required to complete your Turkish citizenship :
Title deed photos: A copy of the title deed of the purchased property (title deed), or the promise to sell contract or the forward sale contract certified by the notary public must be brought.
Real estate appraisal report: Before making the payment of the property value, a real estate appraisal report must be issued, which is a report that you can obtain from one of the appraisal institutions legally licensed by the Turkish government.
Payment Receipts: The value of the property must be transferred in the original price of the property from the buyer's account, stamped with the seal of the sending bank. It is preferable to bring the original receipts of the property price from the seller's account, stamped with the stamp of the receiving bank.
Private Agency: It is preferable to make two copies of the private agency type from the buyer of the property to the legal team to apply for Turkish citizenship, which is organized by the notary public in Turkey (Notary), as this agency gives you the right to submit the Turkish citizenship file and follow it up with the official departments, and to overcome obstacles and speed up obtaining the Turkish citizenship decision.
Translation of original passports: The applicant for Turkish citizenship must bring a certified copy and translated into Turkish for passports for all family members: husband and wife, and children under the age of 18, and certified by the notary public in Turkey (Notre).
Birth certificate: The birth certificate of all family members certified by the foreign ministry of the home country and the Turkish consulate or attestation of documents from the consulate of the home country in Turkey must be brought from the home country, and this document is required for each family member.
Marriage contract: A translated and certified copy of the marriage contract. In addition to translating the family book or family statement document.
We hope that we have surrounded you with all the information that interests you from laws, papers and documents, facilitating your obtaining Turkish citizenship through your real estate investments, Turkey is a destination for all high-end tastes in residence and investment, it opens its doors to you and offers you many facilities, we wish you a happy and luxurious stay and successful investments. And do not forget that the first step to success is to communicate with the Mersat Real Estate team to get the best real estate offers in Turkey and benefit from the services of the legal team in Obtaining Turkish citizenship through real estate investment
Editing by Mersat Real Estate Team©
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