If you are interested in the topic of obtaining Turkish citizenship through real estate investment, the editorial team at Right Way Real Estate has prepared this detailed report for you in order to inform you of the latest developments in the citizenship law. The most important information related to it will be indicated, such as how to obtain it and the conditions that Must be available and many other details.
We wish you an enjoyable and useful reading.
The latest developments in obtaining Turkish citizenship:
On May 12, 2022 AD, the Turkish government issued a decision to raise the value of the property suitable for obtaining Turkish citizenship through real estate investment from two hundred and fifty thousand US dollars to four hundred thousand dollars, however, the decision has not yet been implemented, and according to what was announced by the Official Newspaper, it will be implemented on June 13 of this year.
(One of the important pieces of information that we must point out is that the opportunity is still available. You have to get it according to the old price if you take a step immediately and find the right property. The new decision does not include those who submitted before entering the mentioned date).
The Turkish government granted those wishing to obtain it according to the old law and the opportunity, and the evidence for this is that it did not issue the decision and acknowledge its implementation immediately. Rather, it referred to the matter in April and issued the decision in May, and the implementation will be in June, as we mentioned.
In this context, we must point out a very important matter, which is that this is not the first decision or amendment issued by the Turkish government, as in late 2018 it issued several amendments not only to the law on obtaining citizenship through real estate investment but also on various other ways, and the most important of them are:
1 - Reducing the minimum property requirement from one million US dollars to two hundred and fifty thousand dollars.
2 - Reducing the amount required to obtain citizenship through bank deposit from $3 million to five hundred thousand only
3 - Reducing the amount required to obtain it through financial investment from $2 million to five hundred thousand dollars only.
4 - The number of Turkish people who should be employed has become only 50 after the number was 100.
Conditions for obtaining Turkish citizenship:
If you are a supporter of obtaining Turkish citizenship through real estate investment, you should know that there are many conditions that must be met in addition to the price of the property being four hundred thousand US dollars during the next paragraph, which we will refer to in detail.
1 - A commitment must be made not to sell the property before the lapse of at least three years.
2 - You must make sure that the property was not used earlier to obtain citizenship.
3 - The value of the property must not be paid in cash, but must be transferred to the seller through a bank in Turkey, and a stamped receipt from the bank must be received.
4 - Buying the property from a Turkish citizen exclusively, and if the purchase was made from a foreigner, it will not be suitable for applying for citizenship.
One of the common questions about this topic (should the required amount of the property be available in only one property, or can it be distributed over several properties)? This should not be restricted as the amount can be distributed over more than one property.
The best ways to obtain Turkish citizenship:
There is no doubt that obtaining it through real estate investment is one of the best ways to be used at all, because it will not take more than three months and it is also easy to own real estate in Turkey, in contrast to the case in European countries that have put many obstacles and difficulties.
The Turkish government has also provided many facilities for those wishing to own real estate in Turkey, the most important of which is the tax reduction and exemption from the value added tax, in addition to allowing them to obtain any type of real estate without imposing any restrictions.
For investors who think that their capital has frozen during the years that they cannot dispose of the property, they are wrong, as real estate prices in Turkey are constantly increasing, which guarantees you an increase in your capital, and therefore when you want to sell it, you will benefit from the price difference that results from the buying and selling stages.
The importance of applying for citizenship through real estate ownership does not negate the importance of other methods, namely:
1 - Financial investment/buying of bonds/buying of shares/with a minimum value of five hundred thousand US dollars and for a period of three years.
2 - Marriage to a Turkish citizen, provided that the purpose of the marriage is to establish a family, and you will be able to apply for it after three years.
3 - A foreigner under the age of 18 can obtain citizenship if he is adopted by a Turkish family.
4 - Bank deposit for a period of three continuous years, provided that the amount is not less than five hundred thousand US dollars.
General conditions for obtaining Turkish citizenship:
Certainly, obtaining Turkish citizenship does not require a lot of time and effort, as is the case with European nationalities, but this does not negate that there are not many conditions and rules that the foreigner must meet, and through the following paragraph we will review it in full.
- He must be above the legal age, i.e. 18 years old.
- He should not be suffering from any mental illness such as dementia or Alzheimer's.
- He must have a sufficient source of income for himself and his family.
- Not to be a carrier of any communicable disease in order to maintain public health.
- He shall not have a judicial record or be involved in committing a crime in order to ensure public security.
- To submit evidence and documents confirming the sincerity of his intention to live and settle in Turkey.
- To reside in Turkey for five consecutive years.
The most important advantages of Turkish citizenship:
After all the information we have provided about obtaining Turkish citizenship, we must now refer to the benefits that a foreigner obtains through it, and this we will talk about in the next paragraph.
First: Take advantage of the Turkish passport:
Among the most prominent advantages that you will get is obtaining the Turkish passport, which is considered one of the most important passports in the world, and this year it was ranked 37th, through this passport, it is possible to enter more than 61 countries without the condition of obtaining a visa, as well as entering about 45 through an automatic visa that is obtained at the moment of arrival, and 8 countries grant an electronic visa to the holder of the Turkish passport.
Second: It is granted to all family members:
This citizenship will not only be granted to the foreigner, but to all family members (i.e. the wife and children who have not yet reached the age of 18).
It should be noted that children with a disability can obtain it even if they are over the legal age, but if the foreigner is married to more than one woman, only one wife can obtain it.
Third: You will be dual nationals:
Contrary to many laws imposed by European countries, there is no problem in retaining the original citizenship along with Turkish citizenship and benefiting from their advantages together.
Fourth: Enjoying Citizenship Rights:
Once you obtain that citizenship, it will be your business like any Turkish citizen. You can get all the rights that a Turkish citizen enjoys, the most important of which are:
- Obtaining job opportunities in both the public and private sectors, with attractive salaries.
- The possibility of participating in political life and voting in elections.
- Benefit from public services such as enrollment in public and private schools and universities and treatment in Turkish hospitals and health centers.
- Work in the fields that a foreigner is prohibited from working in, such as pharmacy, law, customs clearance and veterinary medicine.
Certainly, the motives that encourage foreigners to obtain this nationality are greater than what was mentioned above, and there are many other important advantages that we will mention in full as follows:
First, the Turkish economy is one of the biggest motivators that encourage foreigners to apply for Turkish citizenship, as it has surpassed many important countries in the world and is expected, according to a European study, to be in fifth place in the world by 2030 AD, and the reason for this is the young demographics that Turkey enjoys while many European countries are suffering from aging in addition to the rapid growth recorded by the Turkish economy thanks to the strategic plans developed by the Turkish government.
The role of the distinguished geographical location in the middle of three continents globally and its proximity to the Arab world in particular cannot be overlooked, which made it a destination for Arab citizens, and add to your information that four seas surround it (the Mediterranean Sea - Marmara Sea - Black Sea - Aegean Sea) in addition to the presence of The Bosphorus strait that separates the Asian and European sections.
An investor in Turkey can easily link his business and investments between Turkey and his home country, and this puts him in front of greater opportunities to obtain high profits and for the development and expansion of his business. He can also carry out investment work in various fields, especially trade and export, where he can benefit from the distinguished relations that link Turkey and European Union countries.
The Turkish state has many strategic and advanced infrastructure projects that have added a lot of importance to it and made life in it characterized by sophistication and luxury, the most important of which are:
- New Istanbul Airport - New Istanbul Water Canal.
- The modern and developed transportation network, which contributed to addressing the problem of overcrowding and high population density.
- Owning the most important universities - hospitals - health centers - malls - commercial centers - parks and gardens and others.
Turkish passport types:
As we talked above, after obtaining citizenship directly, you can apply for a Turkish passport and it will be granted to the foreigner within only thirty days, and through the following paragraph, you will be able to take a look at its four types.
The first type: red or normal and is granted to all members of Turkish society, including foreigners who have Turkish citizenship.
The second type: private or green and granted to government employees in state institutions, their families, and former ministers.
The third type: gray or stamped and is granted to foreigners employed outside Turkey such as consuls and embassy staff.
The fourth type: the black or diplomatic passport, which is granted to important personalities such as the head of state and ministers.
If the issue of obtaining Turkish citizenship interests you, you can follow our website constantly because we are keen to constantly provide you with the latest developments in the law on obtaining Turkish citizenship and the real estate sector in Turkey.
The advisory team at Right Way Real Estate will always be with you in order to provide you with all the advice you need and save you the trouble of searching by providing the most important special offers suitable for you and your goals.
Among the important services we provide to our clients is assistance in obtaining Turkish citizenship by supervising all stages and the legal details and the following procedures until it is received.
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