TURKISH CITIZENSHIP BY INVESTMENT

 

CONTENTS Introduction A.Turkish Citizenship by Real Estate Investment B.Conditions For Obtaining Turkish Citizenship Through “Real Estate” Investment                                 C.What Are The Benefits Of The Turkish Citizenship? D.What Are The Economic Advantages? It Is Possible To Earn Rental Income Advantages Of Real Estate Investment In Turkey E.How Long Does It Take To Obtain Turkish Citizenship By Investment?

 

Turkey (Türkiye) is a popular tourism center where all four seasons are experienced, surrounded by seas on three sides, and located in both Asia and Europe. It is among the popular countries preferred in terms of citizenship with its geographical location, holiday resorts and ruins, free education and health services, and a developing economy.

Recently, the Turkish Government has taken steps to support foreigners to acquire Turkish citizenship by purchasing real estate in Turkey.

Turkish Citizenship Program requires the investor to deposit money in a Turkish financial institution or purchase real estate. The rapidly developing real estate market and the fact that the capital you will pay will increase over time, making the Turkish Citizenship Program more popular.

1. Turkish Citizenship by Real Estate Investment

The Republic of Turkish Citizenship Program requires the applicant to invest in the Country. One of these investment options is to buy real estate.

It is possible for the investor to acquire citizenship by purchasing a real estate with a minimum market value of $400,000.(This is also possible by buying not a single property but several properties with a total value of at least $400,000USD.) The investor can buy Land-Residential and/or Commercial property.

 

2. Conditions For Obtaining Turkish Citizenship Through “Real Estate” Investment

1. The value of the purchased real estate should be 400,000USD. (More than one real estate with a total value of 400,000USD can be purchased.)
2. Real estate must be purchased in cash.
3. The owner of the real estate you will buy must be a Turkish citizen. (There may also be an investor who has acquired Turkish Citizenship.)
4. The deed of the real estate must be ready.
5. The real estate purchased for citizenship cannot be sold for 3 years.

Foreign investors can also perform these procedures by giving a power of attorney without having to come to Turkey. Write to us for detailed information.

You can read our article about Buying a House Under Construction For Turkish Citizenship Program by clicking here.

 

3. What Are The Benefits Of The Turkish Citizenship?

Once Turkish citizenship is acquired, it will be valid for life and will continue to be valid for future generations.

• Visa-Free Travel:  Turkish citizenship provides the opportunity to travel to more than 110 countries and regions in the world without a visa  or with a visa on arrival.                                                                                                                       
• Family Members: Children under the age of 18 and spouse(s) also have the opportunity to acquire Turkish citizenship. Turkish citizenship by investment provides lifelong rights to investors and is passed on to future generations.       
• Full Turkish Citizenship Rights: Acquired Turkish Citizenship, like any other citizen, gives you access to voting, free education and health services, pension and retirement plans.                                    
• Free Education:
  • Primary education is compulsory for all Turkish citizens between the ages of 6 and 14 and is provided free of charge in public schools.
  •  High Schools lasting four years, covering children aged 14 to 17, are also free in public schools.
  • Universities: A significant part of the revenues of state universities in Turkey is met from the State budget. The contribution of the students to the state university is quite small.

On the other hand, there are private schools in the process from pre-school education to higher education.

• Free Medical Care: You can get free lifetime medical assistance for all family members in Turkish State Hospitals.
• No Residency Requirements: You do not need to be in Turkey during the citizenship acquisition process. You can carry out all transactions through us.
• Dual Citizenship: Turkey allows dual citizenship so that investors don’t need to renounce their first citizenship.
• Double Taxation Avoidance: Turkey has a network of agreements with many countries to avoid double taxation.
• E1-E2 treaties between the USA: The E2 and E1 visa agreements signed between Turkey and the USA also cover citizens. The E1 visa is for 'Traders' and the E2 visa is for 'Investors'. E1 visa holders may move to the USA temporarily to carry out their business activities, and E2 visa holders may move to the USA for investment purposes.
• Inheritance Law: A foreigner who is now a Turkish citizen is subject to Turkish Laws. In case of death of that person, the goods acquired in Turkey pass to the legal heirs of the person.

 

4. What Are The Economic Advantages?

In order to acquire Turkish citizenship, you do not need to reside in Turkey, state your assets or know the language. By purchasing real estate, you can acquire citizenship and also profit from the real estate.

• Turkish Government does not designate the property. The investor chooses the real estate to buy.
• There is no inflates price for foreigners. A foreigner can invest just like a Turkish citizenship.
• The growth potential of the property is essential. Turkey is one of the countries with the highest increase in housing prices in the European Union. You can find the details in the Residential Property Price Index published by the Central Bank of the Republic of Turkey in June 2022.
• The investor will be able to earn rental income by renting out the real estate. After the acquisition of citizenship, we can carry out the rental of real estate and all other transactions on your behalf.
• After 3 years of investment the investor can be able to sell the property.

At the end of the process, the investor (including spouse and children) will both acquire citizenship and will gain as the real estate purchased will be appreciated over time.

 

 

The Investor can take the “Turkish Citizenship + Capital Invested + Profits”.

 

1. 1. 1. It Is Possible To Earn Rental Income

If you bought the real estate you purchased for investment purposes and you are not going to live there, then we can rent your house to the person you see fit, and we can collect your rent for you and deposit it into your account on a daily basis.

 

1. 1. 2. Advantages Of Real Estate Investment In Turkey

Turkey has a rapidly growing real estate market and there are numerous advantages to investing in real estate in Turkey.

In addition to the profitability situation in the Turkish real estate market, the possibility of obtaining rental income and the many opportunities that come with Turkish citizenship, other reasons for purchasing real estate in Turkey are as follows:

 

a. The Turkish Government follows policies that support both the real estate sector and the process of foreign investors buying real estate in Turkey.

b. With the Turkish Citizenship acquisition program, the government encourages foreign investors who buy property in Turkey by making the process easier and faster.

c. The real estate market in Turkey has a great profit potential compared to European Countries. (For more information please read Residential Property Price Index published by the Central Bank of the Republic of Turkey in June 2022) 

d. Turkish property laws contain provisions that protect the rights of the investor.

 

5. How Long Does It Take To Obtain Turkish Citizenship By Investment?

After providing the necessary documents and completing the investment process, it may take up to 3-6 months for the Turkish Citizenship status to be officially acquired.

With our experienced team, we can ensure that you and your family become Turkish Citizens without losing your current citizenship.

 

 

 

 

Please contact us for more detailed information.