Turkish Citizenship by Real Estate Investment

Turkish Citizenship by Real Estate Investment: A Comprehensive Guide

Turkish Citizenship by Real Estate Investment offers foreign investors a remarkable opportunity to gain Turkish nationality through purchasing property. This process provides an efficient pathway to living, working, and experiencing Turkey’s vibrant culture. By making an informed decision and meeting all requirements, you can secure Turkish Citizenship through Real Estate Investment and enjoy all the benefits Turkey offers. Below is a detailed explanation of this program’s steps, requirements, and advantages.

Key Requirements for Turkish Citizenship by Property Investment

To qualify for Turkish Citizenship by Real Estate Investment, you must make a property investment in Turkey. The minimum investment is 400,000 US dollars. You can purchase a single property or a group of properties if their combined value meets or exceeds the required amount. Additionally, the property must be registered under your name. Moreover, you must agree to keep the property for at least three years to maintain eligibility for citizenship.

Several important conditions must be met for the investment:

• The property must be worth at least 400,000 USD, as verified by a formal appraisal report.
• The property must be free from any loan debts in its deed records.
• Turkish authorities must determine the value of the property.

Importantly, you don’t need to be a Turkish resident to apply. Therefore, Turkish Citizenship through Properties is an ideal solution for those looking to invest while gaining nationality in Turkey.

Steps to Obtain Turkish Citizenship with a Property Investment

Obtaining Turkish Citizenship by Real Estate Investment involves several clear steps. Here’s a simplified guide to help you navigate the process:

1. Obtain a Tax Registration Number
2. Before purchasing property, you must obtain a tax registration number in Turkey. This is required for all legal transactions, including buying real estate.
3. Open a Turkish Bank Account
4. Once you have your tax number, open a bank account in Turkey. The payment for the property must be made via bank transfer, and the bank will provide receipts for proof.
5. Purchase and Register the Property
6. After setting up your bank account, proceed with purchasing the property. It must be worth at least 400,000 USD. Ensure the property is registered under your name at the local land registry office.
7. Obtain a Certificate of Conformity
8. Once the property is registered, you must obtain a certificate of conformity. This document confirms that the property meets all legal requirements set by Turkish authorities.
9. Submit the Citizenship Application
10. Finally, submit your citizenship application to the Turkish Ministry of the Interior. After approval, you will officially receive Turkish Citizenship.

Key Features of the Property for Turkish Citizenship by Real Estate Investment

The property must meet specific criteria to qualify for Turkish Citizenship by Real Estate Investment. These features help ensure compliance with Turkish laws and regulations:

• Value of the Property: The property must have a minimum value of 400,000 USD.
• Location Flexibility: You can invest in any region, city, or town across Turkey.
• Ownership Registration: The property must be officially registered under your name.
• Appraisal Report: A formal appraisal report must confirm The property’s value.
• No Outstanding Loan Debts: The property must be free from loan debts in the deed records.
• Bank Transfer Payment: Payment for the property must be made via a bank transfer, with bank receipts as proof.

Duration and Benefits of Turkish Citizenship by Real Estate Investment

One of the main advantages of Turkish Citizenship in Real Estate Investment is the three-year holding requirement. After purchasing the property, you must keep it for at least three years. Once the three years have passed, you may sell the property. However, if you sell before the three-year period ends, you will lose eligibility for the citizenship program.

In addition to the investor, the spouse and children under 18 are also eligible for citizenship, making this an excellent option for families. Once granted, Turkish citizenship is permanent and lasts for life, including any children born after the nationality is acquired.

Moreover, you do not need to apply for a separate residence permit in Turkey. This considerably simplifies the process and enhances Turkish Citizenship’s appeal through real estate investment.

turkish citizenship law

Required Documents for Turkish Citizenship by Real Estate Investment

When applying you must submit the following documents:

• Birth certificate
• Family record and social register showing marital status and details of family members (husband, wife, children)
• Marriage or divorce certificate, if applicable
• Death certificate of the spouse, if the applicant is widowed
• Health insurance
• 12 passport-size photographs with a white background
• Copy of the passport
• Turkish translations of all documents, authorized by a Turkish notary
• Completed application forms

Support and Duration of the Application Process

While obtaining Turkish Citizenship by Real Estate Investment is straightforward, it is highly recommended to work with a qualified Turkish lawyer specializing in this field. A lawyer can guide you through each step and ensure everything is completed quickly and correctly.

The application process typically takes 3 to 5 months after submission. During this period, the relevant authorities will carry out the necessary legal and administrative procedures.

Conclusion

Turkish Citizenship by Real Estate Investment offers an excellent opportunity for foreign nationals to obtain Turkish nationality through real estate investment. The process is transparent, and the benefits are clear, including the ability to live, work, and enjoy life in Turkey. By following the steps outlined above and meeting the investment requirements, you can successfully obtain Turkish Citizenship through Property Investment and enjoy all that Turkey offers.

Read more detailed in our Article click here, or contact us directly for more information.

Maximos Real Estate, Telephone : Turkey +90 532 251 44 33 Email: [email protected]