There are many ways to obtain Turkish citizenship, making it the first choice for anyone who wants to have dual citizenship, but obtaining it through real estate investment is the best option for many investors and foreigners.
In this article, you will learn about the reasons that made real estate investment the best way to obtain Turkish citizenship, and many important aspects related to it will be highlighted, and we hope to answer your various questions.
Conditions for obtaining Turkish citizenship through real estate investment?
In your opinion, can any real estate investment grant its owner citizenship? Certainly not, as there are many conditions that must be met with this investment, and through the following paragraph, we will talk about the whole issue:
-The property price must be at least 400,000$.
-The property must not be sold before the lapse of at least three years.
-The property should not be purchased from a foreign citizen, but the seller must be Turkish.
-It must be verified that the property was not previously used in order to obtain it.
-The real estate appraisal document must be issued.
-The value of the property must be paid through a Turkish bank.
You should know that a breach of any of the previous conditions makes the property not authorized to grant Turkish citizenship, so it is necessary to pay close attention to all the steps you take, so as not to lose your dream of obtaining it.
As for the real estate appraisal document, it is necessary for everyone who wants to buy real estate in Turkey, and not only for those who want to obtain citizenship, and the reason for this is that it protects the buyer from being a victim of real estate fraud or to pay money elsewhere in the wrong place, as it is issued by an approved and reliable committee of the Turkish government.
General conditions for obtaining Turkish citizenship:
We have some general conditions that must be adhered to when applying for Turkish citizenship. Check them out through the following points:
-The buyer should be of full mental health and not have any problem.
-He should not be under the legal age.
-To have a good reputation and good morals.
-He should not have any contagious disease affecting public health.
-He should not have any judicial or criminal file to maintain public security in Turkey.
-He should have a stable source of income that suffices him and his family.
-He must have a broad knowledge of the Turkish language in order to communicate with members of the Turkish community.
-To reside in Turkey for 5 continuous years and not leave for more than six months.
-To provide evidence confirming the sincerity of his intention to live and settle in Turkey.
Advantages of Obtaining Citizenship Through Real Estate:
According to the statistics issued by the concerned authorities, most of those who come to Turkey in order to buy real estate have the goal of obtaining Turkish citizenship, and certainly that this choice is not in vain, but rather a natural result of the many privileges that can be obtained, through the following paragraphs, we talk about them briefly:
First: Real estate prices in Turkey or in other countries of the world, do not remain stable for a long period of time, but rather change and take the upward path. Thus, you can benefit from the property when selling it and obtain the price difference that will result between the two stages of buying and selling, and therefore you will not have obtained only citizenship but also increased your capital.
Second: During the three years in which you will not be able to sell the property due to the imposed law, the property can be benefited from in one of two things, the first: housing and stability in a safe and stable environment such as the Turkish state, and the second: renting it out to obtain a fixed monthly return.
Third: Applying for citizenship through real estate investment is the best and fastest way, as the period for obtaining it ranges between 3 and 6 months, and the matter varies from file to file.
Fourth: The Turkish government did not hesitate to provide a lot of facilities to all foreigners wishing to buy real estate in Turkey. It offered tax cuts, exemption from value-added tax, and many more.
Fifth: Real estate prices in Turkey are considered low compared to other countries, and this indicates that for the amount of 400 thousand US dollars, you will get a property with great and modern specifications.
Amendment to the Citizenship Acquisition Law:
One of the important information that must be mentioned about obtaining Turkish citizenship through real estate investment is that only a few months ago it was announced that the value of the appropriate investment to apply for it had risen to 400 thousand US dollars instead of 250 thousand dollars, which was previously, but despite the high price, however, the demand for real estate has never decreased, because the benefits that can be obtained after granting citizenship are much greater than the increase in the price that occurred.
The importance of Turkish citizenship:
There is a wide range of privileges that a holder of Turkish citizenship obtains, and this is what made it the focus of the attention of many people and investors, and through the following paragraphs, you can see them in full:
1- Giving it to all family members:
Whoever obtains Turkish citizenship will be able to grant it to all family members, i.e. the wife and children, but attention must be paid to a matter which is that it cannot be granted to more than one wife if the investor is married to two, and children over the legal age cannot obtain it, except in one case, which is if one of the children has special needs , then he will be granted it after three years.
2- Turkish passport:
The Turkish passport is considered one of the most important types of passports in the world, and this year it ranked 37th. It is important to note that it is witnessing rapid progress, as it was previously ranked 50th, and it is expected to advance more in the coming days.
The Turkish passport holder can enter many countries of the world within easy procedures. For example, there are 61 countries that do not require a visa to enter and 45 countries that enable the holder to obtain a visa to enter them automatically at the moment of arrival, and there are also 8 countries that grant the Turkish citizen an electronic visa.
3- Dual citizenship:
The law on obtaining Turkish citizenship did not stipulate that the investor must renounce his first citizenship or the citizenship of the country to which he belongs, and then he will be able to enjoy all the advantages offered by both.
4- The rights of the Turkish citizen:
There is no difference between the original Turkish citizen and the one who has obtained Turkish citizenship. The two have the same rights and duties, and the most prominent of what can be obtained are:
-Participate in political life and vote in elections.
-Benefit from health and medical services.
-Enrollment in public and private schools and universities.
-Living in comfort, stability and luxury without being inconvenienced.
-One piece of information that is important to know in this context is that Turkey is one of the safest countries ever.
-Real estate can be purchased easily and without restrictions and without waiting for security approval.
5- Turkish economy:
Turkey has a strong economy that competes with the most important economies of the world, and it is expected to be in the first five in the coming years, and this is a natural result of the young structure of the Turkish society, while European societies suffer from a large aging population, as well as thanks to the strategic plans developed and organized by the Turkish government, according to a study issued by a Spanish magazine.
6- Political stability:
Turkey has many distinguished relations with the most important countries of the world, especially the countries of the European Union, and with many Arab countries that have begun to emerge recently. This, if indicated, indicates that Turkey is a suitable environment for investment in its various types and forms, to achieve success and outstanding results, as well as for building important and profitable business relationships.
Other ways to obtain Turkish citizenship:
You know that there are many ways and methods to obtain Turkish citizenship, and here are the other ways in detail:
First: Bank Deposit:
One of the most popular ways to obtain Turkish citizenship is to deposit 500 thousand dollars in a bank in Turkey with a pledge not to sell the property before at least three years have passed. It should be noted, however, that previously, the minimum amount to be deposited was 3 million dollars.
Turkish citizenship can be obtained by marrying a citizen of the Turkish state, but you should know that it cannot be obtained immediately after the completion of the marriage, as it can only be applied for after at least three years, that is, until it is proven that the marriage is real and not for the purpose of obtaining citizenship.
Third: Financial Investment:
It is possible to apply for citizenship by establishing a business in Turkey with a capital of no less than 500 thousand US dollars and for a period of no less than three years.
Fourth: Employing Turks:
Whoever establishes a business in Turkey can obtain Turkish citizenship, but in return for employing 50 Turkish people, the number has been reduced in the recent amendments issued in this regard in late 2018 AD from 100 to 50 currently.
In the case that a Turkish family adopts a foreigner under the age of eighteen, he/she will be able to obtain citizenship directly after it is ascertained that he/she does not pose any danger to public security in the country.
Sixth: Turkish origins:
Those who have origins belonging to the Turkish state can obtain Turkish citizenship after proving all this through papers and documents.
Seventh: Exceptional Nationality:
There are many people who obtain Turkish citizenship in an exceptional way, such as the person who presents a scientific or technical achievement to the Turkish state or is an important person or refugee who came from other countries.
Other reasons that encourage obtaining Turkish citizenship:
-The Turkish state has a modern and advanced infrastructure that is keen to compete with the most important European countries, and many important projects are being launched and headed by the new Istanbul Airport, which is ranked among the most important and largest air terminals in the world, as well as the new Istanbul Canal, which was named the Century Project, not to mention the presence of a modern transportation network that connects parts of cities with each other.
-Turkey is one of the first industrialized countries in the world.
-If you want to obtain Turkish citizenship through real estate investment, it is easy to find a property that matches the conditions for obtaining it. Construction companies are keen to build their projects in accordance with the laws of obtaining it to meet the desire of most real estate buyers in Turkey.
-Turkish citizenship was chosen over other nationalities of European countries due to the many difficulties that the governments of those countries put in place.
So, obtaining Turkish citizenship through real estate investment is a golden opportunity that you must seize.
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