Feb 5, 2023

Details of Obtaining Turkish Citizenship 2024

The Turkish passport is ranked 37th in the world, and allows entry to more than 70 countries without a visa, and more than 40 countries with a visa issued at the airport upon arrival. Turkish citizenship is considered one of the strongest nationalities in the world and enjoys great international competition. Among the most important countries that allow entry to it with an immediate visa issued upon arrival: Kuwait, Bahrain, Lebanon, and most African countries. It is also possible to enter more than 7 countries under an electronic visa issued online, including: Australia and the Sultanate of Oman.

With the increasing interest in the Turkish citizenship and the opportunity to reside in Turkey, Turkey has become one of the favorite destinations for many investors looking to obtain Turkish citizenship by investment. Investing in Turkey is considered one of the most effective ways to obtain Turkish citizenship, by making a financial contribution, purchasing a property, or investing in commercial projects. This opportunity provides the opportunity to benefit from the advantages of living and working in Turkey. In this article, we will review the processes of obtaining Turkish citizenship by investment, and shed light on the benefits and conditions of this process, giving a deeper understanding of this topic.

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Conditions of obtaining Turkish citizenship

It is better for those wants to apply for Turkish citizenship by investment or in any other way, to make sure from the beginning of the most important conditions that every person must have to apply for Turkish citizenship, which will make them know if they can apply or refrain from this step. The most important of these conditions are:

Sufficient knowledge of the Turkish language.
Applicants' record is free of any criminal or judicial precedents or complaints.
Applicants have a stable income or a job that enables them to support themselves.
They do not carry any communicable disease that may pose a threat to public health.
To legally fulfill the five-year residency requirement.

Legal stages of obtaining Turkish citizenship.

The process of obtaining Turkish citizenship by investment has gained increasing popularity in the recent years. Obtaining citizenship usually requires passing several precise legal stages. Applicants must adhere to it and deal with the legal aspects carefully to ensure the success of the process. The legal role plays a vital role in ensuring that all of the applicant's specific legal requirements are met, including compliance with Turkey's immigration and investment laws. Here are the most important legal stages that investors must follow to achieve their goal of obtaining Turkish citizenship by investment, successfully:

Submit an application for citizenship.
Sending the application from the Immigration Department to the Department.
Announcing the results of the application, whether it is accepted or rejected, and transferring it to the Immigration Department.
Complete the process of obtaining identity from the General Directorate of Personal Status.

Facilities that have been applied towards Turkish citizenship

The Turkish Nationality Law has undergone several amendments, and the conditions for obtaining Turkish citizenship have become easier than they were in the past. Anyone who fulfills these conditions has the right to apply for Turkish citizenship according to one of the following conditions:

Buying a property with a minimum value of 400 thousand US dollars, and owning it for a period of no less than three years, which means that it should not be sold during this period. This amendment is a very milestone for those wishing to obtain Turkish citizenship by investment, due to the huge reduction made by the Turkish government, which reduced the amount from one million Dollars to 400 thousand dollars.
A fixed investment of at least $500,000.
Providing a job opportunity for at least 50 Turkish citizens, as the old condition required providing job opportunities for 100 Turkish citizens.
Reducing the value of the deposit requirement in Turkish banks from $3 million to $500,000.

The best ways to obtain Turkish citizenship.

Obtaining Turkish citizenship by investment is practically and professionally the best way to obtain it. Turkey has issued a decision requiring Turkish citizenship to be granted to foreigners and their families by investing 400,000 US dollars in real estate in Istanbul or any other Turkish city. The matter is not limited to this condition only, as there are many options that anyone can turn to, such as:

Make a fixed capital investment of no less than 500 thousand US dollars, confirmed by the Ministry of Treasury and Finance.
Creating job opportunities for at least 50 employees, confirmed by the Ministry of Family, Labor and Social Services.
Deposit at least 500,000 US dollars in banks operating in Turkey, and keep the deposit for 3 years in those real estate banks, and the Banking Regulation and Supervision Agency must confirm the deposit.
Purchasing public debt instruments with a value of at least $500,000 and keeping them for 3 years, and the Ministry of Treasury and Finance must confirm the purchase.

Why obtaining Turkish citizenship by real estate investment

Obtaining Turkish citizenship by real estate investment is considered one of the most popular methods among businessmen and investors because of its many advantages, the first of which is obtaining Turkish citizenship. Turkey is considered one of the most prominent real estate destinations in the world. The real estate sector is witnessing remarkable growth, and the advantages of investing in real estate in this country are clearly evident. Investing in real estate in Turkey is a smart choice for many reasons. These advantages range from high financial returns, improved accommodation, amid a diverse and rich culture and a unique historical heritage. Below, we will closely explore the advantages that make real estate investment in Turkey an attractive and smart option for investors from all over the world:

If investors buy a property worth $400,000 in any Turkish city, they obtain Turkish citizenship within a period of about 90 days and enjoys all the rights of Turkish citizens. Provided that they does not sell the property three years before the purchase.
If investors buy a property worth $200,000 in any Turkish city, they obtain a real estate residence permit through which they can apply for Turkish citizenship after 5 years.
The return on investment in Turkey is short-term, unlike other European or even Arab countries.
The economic and political stability that the country enjoys is an advantage that we may not find in many Arab, African, and sometimes even European countries.
The strategic projects undertaken by the Turkish government are leading Turkey towards globalization, whether in the field of economy, trade, space, technology, or others, which paints a bright future for all aspects of life in Turkey, including social ones. One of the most important of these projects, which is considered the project of the century in Turkey and which will have an impact on the whole world, the New Istanbul Canal project.
The advanced infrastructure that Turkey enjoys, including public transportation networks, highways, and service facilities, especially in major cities such as Istanbul, Ankara, Izmir, Antalya, and others, has made the demand for living in Turkey great, which has greatly affected the real estate market. .
Turkey's rich, mixed culture of East and West, in addition to its climate and terrain, make it a destination for many, whether for residence, study, or even tourism, which has affected all aspects of life in Turkey in a positive way, including the real estate market.
The biggest advantage that characterizes the Turkish market is that it is not subject to decline because it depends primarily on purchases by Turks, not foreigners. The percentage of purchases by Turks versus foreigners in Turkey is about 93% for Turks compared to 7% for foreigners.
The strength of the Turkish passport and freedom of travel, especially for businessmen who have a weak passport and find it difficult to move between countries to finish their work.
Despite the increase on taxes imposed on real estate and various areas of life in Turkey, nowadays, the rate of taxes in Turkey remains much lower compared to other Arab countries, America, or Canada.

In conclusion, obtaining Turkish citizenship by real estate investment is a smart option that combines investment opportunities with the distinctive advantages of life in Turkey.

If you would like to know 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 your inquiries immediately.

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