Obtaining Turkish citizenship by real estate investment 2022
- Investment in Turkey
One of the most famous ways to obtain Turkish citizenship is real estate investment, provided that it is implemented in a certain way and under specific conditions, and because there are many questions about this topic, the editorial team at ISTA PROPERTY Real Estate Company, in this article, will provide you with a report on this matter. We hope you have an enjoyable reading.
Conditions for obtaining Turkish citizenship through investment
In order to obtain Turkish citizenship by real estate investment in 2022, the minimum investment amount required must be 400,000 dollars. In addition, the property must be purchased in cash and the down payment must be paid in full. The property must also be held for a minimum of three years without being sold.
There are also other conditions, which are that the seller must be Turkish and not a foreigner, and that the property has not been used previously in order to apply for it. As for the method of paying the value of the property, it must be through a Turkish bank and the real estate appraisal document must be extracted because it determines the real value of the property accurately and without forgery.
Documents required to obtain Turkish citizenship
In order to obtain Turkish citizenship through real estate investment, the following documents are required:
-A copy of the property title deed
- A copy of the sales contract
- A copy of the tax payment receipt
- A copy of the building permit (if any).
Advantages of obtaining Turkish citizenship
There are a number of advantages to obtaining Turkish citizenship, including:
• Turkish citizens have the right to live and work in Turkey without restrictions.
• Turkish citizens have the right to vote in Turkish elections.
• Turkish citizens have the right to own property in Turkey.
• Turkish citizens are eligible for free education up to university level.
• Other benefits include access to free education and health care, as well as preferential treatment in business and employment opportunities.
• Turkish citizens can travel without a visa or with a visa on arrival to a large number of countries.
Motives for obtaining Turkish citizenship:
The number of applicants for Turkish citizenship has increased significantly. There are a number of reasons why people choose to apply for this citizenship over other nationalities, including economic excellence, political stability, and the possibility of living in a country with a rich culture and history. Some people may see Turkey as a stable investment opportunity, while others may view it as a safe haven from the instability of their home countries.
General conditions for obtaining Turkish citizenship
The requirements for obtaining Turkish citizenship vary depending on the country of the applicant, but there are some general conditions that all applicants must fulfill. First and foremost, all applicants must have a valid passport from their country of origin. They must also have a clean criminal record and be in good health. Applicants must also prove that they have enough money to support themselves financially in Turkey. Finally, they must be able to speak basic Turkish.
Ways to obtain Turkish citizenship
There are many ways to obtain Turkish citizenship besides real estate investment, and each of them has certain conditions that must be met in order for the foreigner to be eligible to apply for it, the most prominent of which are:
- Citizenship through marriage:
The process of obtaining Turkish citizenship through marriage is not as simple as many people think. To be eligible, you must meet a number of requirements. First, you must have been married to your Turkish spouse for at least three years. Secondly, you must have lived in Turkey for at least two years before applying for citizenship. Finally, you must pass the Turkish language proficiency test.
-Citizenship through Financial Investment
The requirements for obtaining Turkish citizenship through financial investment are as follows:
-Submitting a fixed-term deposit of at least 500,000 USD in a Turkish bank
Purchasing of government bonds with a value of at least 500,000 USD.
-Investing in a company operating in Turkey with a minimum capital of 500,000 USD.
-Creating at least 50 jobs specifically for Turks.
- Citizenship through adoption
Some foreign nationals may be eligible for Turkish citizenship through adoption. The requirements for that are as follows:
the adopter must be under 18 years of age at the time of adoption.
The adopter must have resided in Turkey for at least five years before submitting the application.
The adopter must also not have any criminal record in Turkey or their home country.
The adoptee must be of good character and not pose a threat to public order or national security.
-Exceptional Turkish Citizenship
The Ministry of Industry and Technology has now worked on a new regulation granting Turkish citizenship to foreigners who make "exceptional" contributions to the country, according to a report by Habertürk. The regulation is still in the work and has not yet been finalized, but the general idea is to grant citizenship to those who make significant contributions in fields such as science, technology or culture.
There are no specifics about what kind of contributions would be considered "exceptional", but the ministry is said to be looking at various criteria such as the impact of the contribution, its originality, and whether it can be used in multiple areas.
Many people and investors prefer to have two nationalities at the same time to take advantage of their many advantages at the same time, and Turkish citizenship is an ideal choice based on all the many advantages it offers its holder.
If you have more questions about Turkish citizenship, do not hesitate to follow our website to see the latest details related to it and the developments provided for by Turkish law.