How to Obtain Turkish Citizenship Through Real Estate Investment: A Step-by-Step Guide

11 Sep 2024

128 Views

Known for its strategic position as the bridge between Asia and Europe, Turkey is where modern living meets ancient cultural heritage.

The Turkish government has been creating different programs over the years to gain direct foreign investments; one is Obtaining Turkish Citizenship through investment in a sort of real estate.

Turkey's booming economy, cosmopolitan cities, and charming coastal towns have prompted a growing number of international buyers to look at investing over there.

In addition to having a great return on investment on their property, they also have access to obtain Turkish citizenship.

The process of obtaining Turkish citizenship by investing in real estate.

How to Obtain Turkish Citizenship Through Real Estate Investment?

There are several ways to obtain Turkish citizenship, such as:

By marriage
By birth
By investment

In this article, we’ll focus on how to acquire Turkish citizenship by purchasing real estate.

Under the Turkish Citizenship by Investment Program, foreigners can apply for citizenship by investing a minimum of USD 400,000 in real estate.

Additionally, buyers must agree to block the property title deed for at least three years.

For example, the USD 400,000 investment can be over one or more properties at a total value of USD 400,000 which will make an investor eligible to apply.

Applicants will also be able to ask for citizenship of their spouse and children under 18 years old.

One of the fastest and most lucrative schemes in Turkey was launched in 2017 to boost the real estate sector market, it has attracted investors from all around the globe.

Turkish Citizenship by Real Estate Investment: Step By Step Guide

To obtain Turkish citizenship through real estate investment, here is what you need to do:

Obtain a Tax Registration Number:

You’ll need this from the Turkish Tax Office. To acquire it, all you need is a valid passport and passport-sized photos.

Open a Bank Account:

You should have a Turkey-based bank account for property transactions and other expenses required by the government.

Minimum Property value should be 400,000:
Only look for properties worth the minimum to make sure they get you a good investment.

Your property must be able to pass a government Evaluation Survey that certifies its value.

Make the Payment:

You have to buy the property through bank transfer and you have to show your proof of transaction.

Register the Property:

The property has to be in the leaseholder's name and it would mention on that ownership document you can sell or cash out any assets within three of procuring said property.

Receive the Certificate of Conformity

The certificate to prove the property is above that investment minimum.

The Ministry of Environment and Urbanization is available.

Apply for a Residence Permit:

You can apply for a renewable residence permit from the Directorate General of Migration Management with the required documents.

ALL TIME GET TURKISH CITIZENSHIP:

Afterward, you will present your application for citizenship to the Directorate of Population and Citizenship Affairs with a continuous residence permit and all necessary documents.

The President of Turkey also accepts citizenship applications.

How Long Does the Application Process Take?

On average, obtaining Turkish citizenship through real estate investment usually takes about 3 to 4 months. When you get Merchant Approval, in a few week’s time your Turk ID and Passport will be ready for collection.

Do I Have to Remain in Turkey While My Application Is Being Processed?

No, you don’t need to stay in Turkey while the application is being processed.

You can hire a lawyer to act on your behalf by granting them a Power of Attorney (POA). Your lawyer can handle everything from opening a bank account and purchasing the property to applying for citizenship on your behalf.

Benefits of Turkish Citizenship by Investment

The purchase of real estate in Turkey — it is much more than buying a valuable asset and can bring its owner even Turkish citizenship.

Below are some of the important benefits:

Full Rights: The rights you can have as a Turkish people. Good health, education protections… etc

Passport-Free Travel: Turkish passport provides visa-free or landing visas in more than 110 countries such as Japan and Hong Kong.

No Residency Requirements:

Residency does not deposit in Turkey.

Citizenship for Family Members:

Your spouse and children under 18 are also eligible for Turkish citizenship.

Investment Returns: The Turkish real estate market offers great investment potential, with property prices steadily increasing each year.

Dual Citizenship: Turkey allows dual citizenship, so you don’t have to renounce your current nationality.

Access to Turkish Healthcare: You’ll have access to Turkey’s high-quality healthcare system, which is recognized as one of the best in the world.

Citizenship For Life: It means you can have Turkish citizenship forever and it is passed down for the future.

Turkey Real Estate Market Investment

Because of its agreement an attractive destination for real estate investors in Turkey from many countries in the world, and that is characterized by being one of the most affordable sites compared to other similar worldwide markets.

The country’s major cities, such as Istanbul, Antalya, and Izmir, offer a variety of options for investors, ranging from luxury apartments to commercial properties and seaside villas.

Investors can benefit from Turkey’s growing economy, thriving tourism industry, and ongoing infrastructure developments.

Properties are going up in value, and the real estate market remains strong.

What Can Turkey Advisors Do For You On Path To Turkish Citizenship

At the moment, Turkey Advisors offers to assist foreign investors in buying property and obtaining citizenship.

We offer a range of services that include property search, legal assistance, and after-sales support.

Our expert team will guide you through every step of the investment process, ensuring that you meet the requirements for Turkish citizenship by investment.

Whether you’re looking for a luxurious villa in Istanbul, a modern apartment in Antalya, or a commercial property in Izmir, we have the perfect investment opportunity for you.

Conclusion

Get Turkish Citizenship Through Real Estate Investment – Process & Benefits

This entitlement also applies to you when you decide to take citizenship of Turkey, where visa-free travel comes in addition to high-quality healthcare and the right to live and work licensure along with a minimum sum of USD 400,000 investments.

If you are thinking of investing in the real estate sector and attaining citizenship, feel free to reach out to us at Turkey Advisors.

Choose the right to invest in Turkey and your future!

Know more about Turkey and The Real Estate Market in Istanbul: