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Acquisition Of Turkish Citizenship By Real Estate
Turkey is a land with a beautiful mix of modernity and culture. Its ever-expanding technological and infrastructural developments and serene ambiance for a living have been attracting people from across the globe to settle in Turkey.
Most countries need long years of residency and adherence to other legal norms to acquire their citizenship. Turkey recently amended its citizenship rules and made them friendlier for enthusiasts who wish to acquire Turkey citizenship. One of the best ways to acquire Turkey citizenship is by investing in real estate in the country.
Turkish Citizenship by Real Estate – Criteria
To be eligible for Turkish citizenship, one should buy a property in Turkey that is worth a minimum of 25,000USD.
You can buy a single property or multiple properties making up to a minimum total of the sum mentioned above.
The property shall be registered in the name of a real foreign person, spouse, or children of age less than 18.
The authorities of the Capital Markets Board shall fix the value of the property after procedural official valuation.
The applicant shall hold the entailed property for a minimum of three years.
During the time of application for citizenship, the applicant shall submit the bank receipts proving the completion of the sale and purchase.
Turkey’s Citizenship by Investment was amended in 2018, and accordingly, any property purchased before September 18, 2018, shall abide by the rules before the amendment.
Buying property and real estate especially for obtaining citizenship would need expert guidance.
Our Turkey expert team composed the following FAQs about Turkey citizenship by real estate purchase hereunder to provide better guidance for our users:
I wish to purchase a real estate in Turkey on a mortgage? Will I be eligible for citizenship under this Turkish Citizenship by Real Estate rule?
Yes. As long as the purchased property should be a minimum of 25,000USD. When a real estate is purchased on a mortgage, the mortgage value shall be diminished from the final sales amount while estimating the value of the property purchased. Then, you shall proceed to apply for Turkish citizenship by preliminary sales contracts.
What are the steps involved in real estate investment in Turkey for citizenship?
Step 1: You can submit your passport for proving your identity and photos and obtain a tax registration number.
Step 2: After receiving your tax registration number, you need to open a bank account by submitting a proof of current address, supporting documents for property purchase and passport original for verification.
Step 3: You should search for a real estate that satisfies the following criteria:
Construction completed or nearing completion
Value of minimum 25,000USD
Granted with a habitation license
Title deed ready and ready for Official valuation Survey
Step 4: Purchase the property using the documents used at the bank account creation stage and obtain a Title Deed Registry mentioning the property shall not be re-sold for a period of a minimum of 3 years.
Step 5: You should get the Official Valuation Survey done and submit the bank transfer receipt to the Ministry of Environment and Urbanization.
Step 6: Submit the relevant documents and apply for Turkish residency at the Directorate General of Migration Management.
Step 7: Congratulations! You are now eligible to apply for Turkish citizenship. Provide documents as applicable at the Directorate General of Migration Management.
What documents are required for real estate investment in Turkey for citizenship?
Birth certificates of wife and children
Marriage certificate/ divorce certificate/ Spouse
12 Biometric photos with white background
Proof of residence
Power of Attorney
Original and Notarized Turkish translation of all the above documents
The whole processing and obtaining of Turkey citizenship may take on an average of 30 working days.
What are the benefits of obtaining Turkey citizenship?
Holders of Turkey citizenship can avail the following advantages:
Free education and reimbursement plans from Universities.
Turkey's passport is one of the top 30 global passports.
Supports dual citizenship.
Has a validity of 10 years and is renewable throughout the lifetime.
Voting right in all types of elections in the country.
Medical and Pension benefits as Turkish citizens.
Easy entrance to 26 Schengen Zone Countries and Visa-free travel to 77 countries.
How do we help?
Turkey citizenship is one of the most sought-after citizenships across the world due to its attractive economy and peaceful lifestyle. Our expert team makes sure that you get a smoother experience in obtaining Turkey citizenship through Real estate investment.
Our assistance throughout the process puts you at ease throughout the whole application process, choosing the best real estate property in Turkey and the documentation involved, etc.
Another important aspect of buying real estate in Turkey is to ensure that you are choosing the right property as per your investment needs and in the right location. Get in touch with our team and let our years of experience help you better!
Hello, I'm Saalim Tahir an SEO Specialist, Backend developer from New Delhi, India. I hold a computer engineering degree. My major fields of work in SEO are Education, Travel, eCommerce, Real estate, Technology.
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