Feb 5, 2023

Real estate Investment in Turkey is the Way to Obtaining Turkish Citizenship

In light of investors' interest in obtaining second citizenship as a means of achieving stability and expanding travel and living opportunities, Turkey has become a premier destination for residence and investment. It offers programs to obtain Turkish citizenship by investment. This option is a promising opportunity for investors who wish to obtain Turkish citizenship easily and quickly, while taking advantage of the investment benefits in Turkey.

In this article, we will discuss the advantages and procedures for obtaining Turkish citizenship by investment in real estate, including the necessary legal and financial requirements and procedures. We will provide a comprehensive overview of the significant benefits that investors can achieve through this type of investment, including access to a thriving real estate market, improved travel and mobility opportunities from one country to another, and taking advantage of the benefits of free education and health care in Turkey.

We will shed light on the recent developments in Turkish citizenship laws for the year 2024 and how they apply to investors, to provide accurate and useful information for everyone who intends to obtain Turkish citizenship by investment.

Advantages of obtaining Turkish citizenship by investment

The Turkish government offers many ingredients and advantages to foreign investors who want to obtain Turkish citizenship by investment. These advantages allow foreign investors to obtain Turkish citizenship, within a period not exceeding two months, with their family members who are allowed by law to obtain citizenship as well; They are the husband or wife and children under the age of eighteen.

This is through purchasing a property in Turkey, whatever it is, with a value of four hundred thousand US dollars. Not to mention that this property can be resold to make additional profits, which means benefiting from it in two aspects: obtaining Turkish citizenship through investment on the one hand and achieving investment returns and financial profits on the other hand. Worth to be mentioned, in order to obtain Turkish citizenship by investment you should not sell your property for three years. Yet, the property can be rented by which you can achieve large investment returns by this way.

What really distinguishes obtaining Turkish citizenship that you are not obliged to be in Turkey before or after the processing of having the Turkish citizenship and the Turkish passport.

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Conditions of obtaining citizenship by investment in Turkey

Obtaining Turkish citizenship by investment requires fulfilling some conditions, but in general, it is very simple and easily achievable compared to the conditions necessary for obtaining many other foreign nationalities. The first is to buy a property in Turkey, provided that the value of this property is not less than four hundred thousand US dollars, also investors must not to sell this property, which they will use to obtain Turkish citizenship, for a period of time, at least three years, from the date of its purchase. In addition to the above, the person must have a clean criminal record.

Cost of obtaining Turkish citizenship by investment in Turkey

The citizenship by Investment Program requires foreign investors to purchase immovable property from a Turkish citizen, while the value of this property should not be less than four hundred thousand US dollars and keep its ownership for at least three years. As for other fees, they are necessary for the citizenship application, such as government fees in addition to other fees for submitting this application.

Procedures of obtaining Turkish citizenship by investment

The first step includes viewing and examining the required property, which meets the conditions of obtaining Turkish citizenship by investment. The second step is to buy the required property. Third, the foreign investor submits an application for residence permit. The fourth step includes submitting the application of obtaining Turkish citizenship and Turkish passport.

Advantages of real estate investment in Turkey

There are many investment opportunities in Turkey that are at reasonable prices with high feasibility for foreign investors resulting from the decline in the value of the Turkish lira, which caused a relatively sharp decline in real estate prices compared to the US dollar.
Qualifying for Turkish citizenship by investment when purchasing a property worth $400,000, and obtaining real estate residence permit when purchasing a property worth $200,000.
There is no condition regarding specifying the type of real estate that foreign investors must buy or the city in which they must buy, meaning that foreign investors have the freedom to choose what they deem appropriate for them and their goals, including residential, commercial, and other real estate.
Real estate in Turkey can be purchased through installments, but the application for citizenship must be submitted upon the completion of the installments (if desired).
Turkey's geographical location between the two most important continents, Asia and Europe, and its position between international trade routes, in addition to its economic strength and tourist attraction.
Turkey is a first-class tourist country, so the demand for tourist and commercial real estate there never stops and it is considered one of the most feasible types of real estate investment in Turkey.
The ease of renting, investing in or reselling real estate in Turkey due to the booming real estate market in Turkey. It is a place where students, workers, youth, and families come from everywhere, each according to his goal and outlook.
Strategic projects undertaken by the Turkish government that raise Turkey on the ladder of the great economic country, such as the new financial center project in the Atasehir district in Istanbul and the New Istanbul Canal project.
The Turkish market is always active, in which we do not find a sudden drop in demand or prices, because the market depends largely on the Turk themselves and not on foreign investors. The percentage of Turkish real estate sales to Turkish citizens versus foreigners is 93% versus 7%.

At the conclusion of this article, we can conclude that obtaining Turkish citizenship by investment in real estate represents a viable investment opportunity and an important decision that can positively change the lives of investors and their families. This program provides significant benefits to investors and entrepreneurs, including obtaining another powerful and reliable nationality, opening the door to employment, education and travel opportunities, as well as taking advantage of the country's amazing and diverse real estate benefits.

With the increasing demand for Turkish citizenship by international investors, we can only say that Turkey is a distinguished and attractive investment destination, as it offers a stable political and economic environment and distinguished services. Owning Turkish citizenship can be an important strategic step for individuals and their families who are looking for stability and new opportunities.

To learn more about obtaining Turkish citizenship by investment, do not hesitate to contact us via WhatsApp, here. Our company's real estate consultant will respond to you immediately.

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