Turkey is a popular destination for both tourists and immigrants alike. It has a rich history and culture, beautiful scenery, a delicious cuisine, and a relatively affordable cost of living. In recent years, Turkey has also become a popular destination for those seeking to obtain citizenship through investment.
One of the most popular ways to obtain Turkish citizenship by investment is to purchase real estate. The minimum investment required is USD 400,000, and the property must be held for at least three years. There are no restrictions on the type of property that can be purchased, so investors can choose from a wide range of options, including residential, commercial, and industrial properties.
Benefits of Turkish citizenship
- Turkish citizens enjoy a number of benefits, including:
- The right to live and work in Turkey
- The right to travel freely in Turkey
- The right to vote in Turkish elections
- The right to apply for a Turkish passport
- Access to Turkish social services, such as healthcare and education
Eligibility requirements
To be eligible for Turkish citizenship by investing in real estate, you must meet the following requirements:
- You must be at least 18 years old.
- You must be of good moral character.
- You must not have a criminal record.
- You must have a valid passport.
- You must have a tax identification number in Turkey.
- You must invest at least USD 400,000 in real estate in Turkey.
- You must hold the property for at least three years.
Steps to getting Turkish citizenship by investing in real estate
1. Find a reputable real estate agent. This is important to ensure that you are getting a good deal on the property and that you are not purchasing a property that is not eligible for the citizenship program.
2. Choose a property that meets the requirements of the citizenship program. The property must be worth at least USD 400,000 and it must be located in Turkey.
3. Make an offer on the property and have it accepted. Once your offer has been accepted, you will need to sign a purchase contract.
4. Pay the purchase price of the property. This can be done in a lump sum or in installments.
5. Obtain a title deed for the property. This will be issued by the Turkish Land Registry Office.
6. Apply for Turkish citizenship. You can do this online or at a Turkish embassy or consulate.
Documents required for citizenship application
To apply for Turkish citizenship by investing in real estate, you will need to submit the following documents:
- Application form
- Title deed for the property
- Passport
- Birth certificate
- Marriage certificate (if applicable)
- Police clearance certificate
- Medical certificate
- Proof of investment (e.g., bank statement or purchase contract)
Processing fee
There is a processing fee for citizenship applications. The fee is currently USD 2,500 for the main applicant and USD 1,250 for each dependent.
Processing time
The citizenship application process typically takes around three to six months. Once your application has been approved, you will be granted Turkish citizenship.
Additional details
Here are some additional details about getting Turkish citizenship by investing in real estate:
- You can purchase multiple properties to meet the investment requirement. However, the total value of the properties must be at least USD 400,000.
- You can purchase the property in your own name or in the name of your spouse or children.
- You can rent out the property while you are waiting to receive your citizenship.
- You can sell the property after three years, but you will need to maintain another investment of at least USD 400,000 in Turkey in order to keep your citizenship.
Tips for getting Turkish citizenship by investing in real estate
Here are some tips for getting Turkish citizenship by investing in real estate:
Start planning your investment early. This will give you time to research the market and find a good deal on a property.
Work with a reputable real estate agent who can help you to navigate the process.
Make sure that the property you choose is eligible for the citizenship program.
Obtain a valuation.
Getting Turkish citizenship by investing in real estate is a relatively straightforward process. The minimum investment required is USD 400,000, and the property must be held for at least three years. There are no restrictions on the type of property that can be purchased, so investors can choose from a wide range of options. If you are interested in obtaining Turkish citizenship by investing in real estate, we recommend that you consult with a reputable immigration lawyer. They can help you to navigate the process and ensure that you meet all of the requirements.