How to Obtain the Turkish Citizenship by Investment
One of the advantages of buying a property in Turkey is the possibility of obtaining real estate residence permit or obtaining Turkish citizenship by investment. We can say here that the property owner has achieved several goals and obtained several advantages at the same time. In this article, we will explain to you how can a foreign investor obtain Turkish citizenship through investment.
A foreign investor can obtain Turkish citizenship by investment in Turkey, through purchasing a property that worth 400,000 US dollars or more. In this case you can apply to the Land Registry Directorate, which is the General Directorate of Land Registry, and request to obtain Turkish citizenship. After submitting the application, the government review the real estate appraisal report and bank transfer documents and then the Land Registry Directorate gives you approval within 3 to 7 days. By approving Turkish citizenship, you can apply to the Immigration Office without waiting for a new residence permit.
After obtaining the approval and residence permit, you apply to the General Directorate of Population and Nationality as a last stage, provided that the applicant for Turkish citizenship is not a threat to the national security of the Turkish government. All procedures are followed at the Citizenship Information Office in Istanbul and Ankara where they complete the process of obtaining citizenship within two to six months.
After obtaining approval and a residence permit, you should apply to the General Directorate of Population and Citizenship as a final stage, provided that the applicant for Turkish citizenship, including the option of Turkish citizenship by investment, does not threaten the national security of Turkey. All procedures are also followed in the citizenship information office in Istanbul and Ankara, where they complete the citizenship process within two to six months. It is worth noting that the investor's wife and children under 18 years old also obtain Turkish citizenship with him.
Benefits of obtaining Turkish citizenship by investment:
- You and you family are treated like any other Turkish citizen.
- It is not required to be permanently reside in Turkey in order to obtain Turkish citizenship by investment, you can obtain it and leave the country to reside wherever you like.
- You are not required to disclose your wealth or property or even the income you receive in other countries.
- Proficiency in the Turkish language is not required to obtain Turkish citizenship by investment.
- You can travel to 129 countries without having to apply for a visa. The Turkish passport ranks 36th around the world in 2024.
- You can participate in all types of elections and political practices in the country, work in government jobs, and run in local elections of the country.
- Your children can get all the health, entertainment and educational services that any Turkish citizen gets in Turkey.
- You will achieve a high level of economic and social stability, because Turkey is considered one of the most politically stable countries, which reflects well on its social life and on its economy, which is becoming increasingly improving and developing in a significant and impressive way.
Related articles:
Required documents when applying for Turkish citizenship by investment:
- Application form
- A valid passport
- Four personal photos and a passport photo for each family member.
- Birth certificate.
- Residence permit or valid tourist visa on the passport.
- Marriage contract.
- Tax payment receipt.
- Real estate appraisal report.
- A bank transfer receipt with a minimum value of $25,000.
- A title deed or a property purchase contract duly documented.
Obtaining Turkish citizenship by other investment methods:
- Deposit USD 500,000 in Turkish banks, provided that the amount is not withdrawn from the bank for a period of three years.
- Buying government bonds worth $500,000, provided that he does not sell it until after at least three years have passed.
- Buying shares worth $500,000 in Turkish real estate investment trusts, provided that they are not sold for 3 years.
- An investment of $500,000 in fixed assets.
- Employing 50 Turkish employees in one of your companies.
Why is Turkey considered an excellent destination for real estate investment?
Turkey is considered an excellent destination for real estate investment for several reasons, including:
- Turkey's active economy: Turkey's economy enjoys great activity and stability, which attracts real estate investors, from all over the world, looking for sustainable growth opportunities and a significant ROI in the short-term.
- Diversity of real estate in Turkey: The real estate market in Turkey provides a wide variety of properties, from residential apartments with different patterns and styles to villas and commercial properties, which meets the needs of investors with different tastes.
- Suitable real estate prices: Compared to many other real estate markets, prices in Turkey are reasonable, which enhances its attractiveness for foreign and local investors as well.
- Modern and advanced infrastructure: Turkey is witnessing large investments in infrastructure development, which contributes to enhancing the attractiveness of real estate in different regions. Most cities, especially Istanbul, have a modern and advanced public transportation network and the best health, social, and educational facilities.
- Facilities for foreigners: The Turkish government imposed encouraging policies to attract foreign investors, including the possibility of obtaining a real estate residence permit when purchasing a property worth 200,000 US dollars, and obtaining Turkish citizenship by investment when buying a property that worth 400,000 US dollars or more.
- High real estate demand: The real estate market in some major Turkish cities is recording high demand by locals and foreign investors. An example of this is the local and international demand on the city of Istanbul, as it will have great economic and commercial importance in the near future.
- Turkey's strategic location: Turkey occupies a strategic location between two important continents; Europe and Asia, making it an important center for business and trade and enhancing its attractiveness as an investment destination.
These factors and many other make Turkey an excellent and profitable destination for real estate investors looking for growth opportunities and high returns in the real estate market.
At the end of this article, we conclude that obtaining Turkish citizenship by investment and buying a property in Turkey is one of the easiest and safest ways, and its advantages are many. It is beneficial in all its aspects to anyone who wants to apply for Turkish citizenship. Moreover, investors will have owned a property in Turkey, preserved their money and opened the doors for real estate investment profits as well. They are also able to use their property for housing and residence.
If you would like to know more about real estate investment in Turkey and obtaining Turkish citizenship or real estate residence permit in Turkey, do not hesitate to contact us via WhatsApp, here. Our company's real estate consultant will respond to you as soon as possible.
#akarkom_real_estate #real_estate_investment
#property #turkey_real_estate #turkish_citizenship
