The ways to obtain Turkish citizenship are many and varied, and this is what made it the first destination for anyone who wants to have dual citizenship. This puts him in front of many options, but despite the distinction and importance of each method, the biggest trend was towards real estate investment. According to data issued by the Turkish Statistics Authority, more than 40 percent of those who bought real estate in Turkey during the past year aimed to get Turkish citizenship.
In this article, the editorial team at Right Way Real Estate will share with you the most important information related to obtaining Turkish citizenship through real estate investment, and much information related to that citizenship and its importance will be indicated.
How to obtain Turkish citizenship through investment?
First of all, it is necessary to see in detail how to obtain Turkish citizenship through real estate investment, is it easy or difficult? Investing through real estate in Turkey is the fastest and easiest way to obtain Turkish citizenship, but some conditions must be met in the property and in the foreigner wishing to apply for it, and this is what we will know through the following paragraph:
-The property price must not be less than four hundred thousand US dollars.
-It must be committed not to sell it before the lapse of at least three years.
-The real estate appraisal document should be extracted, which is a prerequisite because it controls the price of the property and prevents price manipulation.
-The property must be purchased from a Turkish entity, whether it is an individual or a construction company.
-The property should not have been used earlier in order to obtain Turkish citizenship.
-The price should be transferred through a bank in Turkey to the seller’s account and then taking a receipt.
-The foreigner should not hold one of the five nationalities from which real estate ownership in Turkey is prohibited.
(In this regard, it should be noted that a breach of any of the aforementioned conditions makes the property unsuitable for applying for Turkish citizenship. Therefore, it is necessary to focus and pay attention to every part and detail of the matter. It is advised to use one of the real estate consultants, experts and legal agents in case there is any loophole to be detected and avoid real estate fraud).
What you do not know is that fraudsters and scammers have taken the desires of most foreigners to obtain Turkish citizenship as a pretext in order to defraud and manipulate those with experience and sufficient knowledge of Turkey's laws and news of the Turkish real estate market. It is possible that a property will be presented as suitable for citizenship but in reality it is otherwise which means that the seller has misplaced a lot of money.
Why Citizenship through Real Estate Investment?
Are you wondering about the reasons that made foreigners choose to obtain Turkish citizenship through real estate investment in particular, without any other available methods? We have already mentioned the speed of obtaining it, as it will only take a period of time ranging from 3 to 6 months, while if you choose any other method, it may take a much longer period, up to two and three years.
Also, the investor will have achieved two goals at the same time (obtained Turkish citizenship + benefited from investing in real estate), during the three years in which it is forbidden to sell or dispose of real estate, it can be rented to benefit from a fixed investment return over time. After the three years have passed, the property can be sold to take advantage of the price difference that will result between the buying and selling stages, and often the profit will be abundant, especially if the specifications of the property are studied in terms of location, view, modernity and space because real estate prices cannot remain constant for a long time, it is constantly and significantly increasing.
In a few years, you will find that your capital has grown significantly and may double, especially in light of the urban development and infrastructure boom that Turkey is witnessing, as well as with the high population density and the tourist seasons that the country is constantly witnessing, which led to a high demand for buying real estate in Turkey.
Other ways to apply for Turkish citizenship:
In the following paragraph, see more ways to apply for Turkish citizenship:
1 - Financial investment / purchase of bonds / purchase of shares / this investment must be committed for a period of three years at least, and the invested capital must not be less than 500 thousand US dollars.
2 - Marriage to a Turkish citizen or a Turkish citizen, and then you can apply for Turkish citizenship, but after three years have passed from the date of marriage until it is ascertained that the purpose of marriage is to establish a family and not to obtain citizenship, and also to ensure that the foreigner does not pose any danger to general security in Turkey.
3- Depositing an amount of at least 500,000 US dollars in a bank in Turkey for a period of no less than three years.
4 - By proving origins and belonging to the Turkish state through papers and documents.
5 - If a Turkish family adopts a foreign national who has not yet reached the age of eighteen and under the condition that he is not a danger to public security in Turkey.
Advantages of obtaining Turkish citizenship:
The first question that any foreigner or person who is about to get Turkish citizenship will ask, what are the advantages and benefits that will accrue to him through it and why not other nationalities, such as the nationalities of European countries?
In fact, obtaining Turkish citizenship is much easier than obtaining any other nationalities, due to the many facilities provided by the Turkish government, while the governments of European countries impose many difficulties. Whoever obtains Turkish citizenship will get a full set of important advantages in return, which were a major reason for giving it the position it enjoys today at the global level, and through the following paragraph you can view it in full.
1-The power of a strong passport:
Immediately after obtaining Turkish citizenship, you can apply for a Turkish passport, which is considered one of the most powerful passports in the world, ranking 37th in the world, ahead of many other passports.
Businessmen, investors, and anyone who wants to move between the countries of the world aspire to obtain this passport with great ease within reduced procedures, as this passport allows them to enter 61 countries without the need to obtain a transit visa, and there are 45 countries in the world that allow Turks to enter their land through an automatic visa that they obtain in the moment they arrive, 8 countries also grant the holder of this passport an electronic visa, thus saving him a lot of fatigue, effort and money.
2-Having dual nationalities:
Turkish law does not stipulate that the holder of Turkish citizenship must renounce his first citizenship, but rather allows him to retain both and then benefit from the advantages offered by both of them.
3-Giving it to family members:
In your opinion, does a foreigner get Turkish citizenship only? Rather, all family members can apply for it easily, but under specific conditions:
Only one wife can obtain it if he is married to more than one woman.
Children over the age of eighteen cannot obtain it.
Children with a special disability can apply for it after three years.
4- Enjoying the beauty of Turkey:
Turkey contains real treasures of natural beauty and unique charm that are represented in its various parts. It includes many beautiful natural places such as rivers, seas, coasts, mountains, forests, etc. Its climate is mild, unlike many European countries where it is difficult to live and adapt due to the freezing cold that hits it in various seasons.
5- Ease of owning real estate:
The holder of Turkish citizenship will be able to buy real estate easily and without the need to obtain security or military approval and within the many facilities approved by the Turkish government.
6 - Opportunity to learn for free:
The holder of this nationality can enjoy all the advantages that a Turkish citizen usually obtains, the most important of which is learning in Turkish schools and universities for free, and he will receive large discounts when choosing a private educational institution.
7- Receiving treatment for free:
You can receive treatment in one of the Turkish public and private hospitals at low costs, and do not forget that the care you will receive is of high quality, relying on many technologies and at the hands of the most important doctors and specialists.
Certainly, the advantages that can be obtained through Turkish citizenship are not limited to what was mentioned above, as there are many other reasons:
-Possibility to vote in general elections and participate in political life.
-The possibility of obtaining prestigious job opportunities within the public and private sectors.
-Working in professions that foreigners are prohibited from working in, such as pharmacy, law, veterinary medicine and customs clearance.
-Living legally in an environment full of luxury, vitality and luxury.
-The presence of a lot of service facilities that give life great ease.
-It contains the most important luxury public malls - schools - universities.
Among the reasons that push many people to obtain Turkish citizenship is the Turkish economy, which is considered one of the strongest economies in the world, and the reason for this is the young demographic structure that Turkey enjoys, unlike the European countries that witness a large aging population, as well as the strategic plans put in place by the Turkish government.
And according to experts and specialists, it is expected to be in the first five ranks in the next few years, surpassing many economies of other countries. The political stability that Turkey is witnessing in light of the economic collapses experienced by the world in general, especially the Arab countries and many European countries.
The development of the infrastructure and the public transport network and the increase in the number of airports, bridges and tunnels.
The important geographical location in the middle of the world where Turkey is in the middle of Europe - Asia - Africa and also surrounded by four important seas (Marmara Sea - Black Sea - Mediterranean Sea - Aegean Sea). And do not forget that it spans two continents, Europe and Asia, and despite the small area it occupies from the continent of Europe, this gave it a lot of importance and characteristics, and the famous Bosphorus Strait separates between the two sections.
According to many experts and specialists, Turkish citizenship is expected to occupy a more advanced position globally in the coming period, and the reason for this is the government's efforts to develop all areas and aspects in the country without exception.
To see more information about the real estate market in Turkey and the latest news of Turkish citizenship, you can constantly follow our website because we are keen to follow all new things and to answer your various questions accurately.
If you want to get a suitable property for you in Turkey, contact our advisory team to provide you with the most important available offers that are commensurate with your goals. Take advantage of the opportunity now and get your apartment within the most important residential complexes in Istanbul.
If you want to get Turkish citizenship through real estate investment, we will provide you with options appropriate for that.
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