During the previous periods, Turkey witnessed a huge turnout, since the Turkish government launched the Turkish Citizenship Law, and linked it to real estate investment in Turkey, after Turkish citizenship was granted to more than 9,000 individuals, in addition to their success in obtaining a Turkish passport. And that is by investing in real estate in Turkey, and it is possible that the number of holders of Turkish citizenship will double in the coming periods, and we have recently seen a great demand from investors to obtain Turkish citizenship.
How to obtain Turkish citizenship through investment? You can find some important details on this topic through the following article, which will be presented to you by the editorial team at Hana Real Estate.
Brief information about Turkish citizenship:
It is clear to us that Turkish citizenship has many advantages that made it one of the most sought-after nationalities, as well as being desirable in the world, and this has become clear in recent years, especially after a boom in economic and political development within the state of Turkey.
As well as the great development in the infrastructure, which Turkey has witnessed throughout the ages, in terms of diversity between new roads, multiple transportation, and health and educational services that are endless.
There is no doubt that this development is a remarkable development, and it is impossible for any investor to ignore it, and the development did not stop at this only, but there are several updates that will take place in the near future.
All the credit for this development is due to several reasons, including the large number of strategic plans, which are renewed annually, in order to suit the future goals that the Turkish government seeks to achieve.
Important conditions for obtaining Turkish citizenship :
One of the most important conditions that must be met to obtain Turkish citizenship through investment is what we will mention to you in the next paragraph.
It is necessary that the purchase contract of the real estate be officially approved by the Turkish government, after which it must be registered regularly in the title deed department.
The actual amount of the purchased property must not be less than $400,000.
Foreign and Arab investors must obtain a detailed report attached to the actual evaluation of the property, and this is done by a real estate company specializing in the issue of setting real estate evaluations.
Those who wish to obtain Turkish citizenship must deposit a sum of money equal to the market value of the property in the bank in US dollars, and then transfer the amount into Turkish lira, and this bank must be one of the Turkish banks.
The investor is obligated to pay the amount of the property by sending it in a bank transfer, provided that this property has not been used before to obtain Turkish citizenship.
It is also a prerequisite that the seller of the property should not be a foreigner or hold the same nationality as the property purchaser.
Reasons to motivate you to invest in Turkey:
Turkey’s geographical location is one of the most important reasons that help it increase the turnout of Arab and foreign investors, as well as Turkey’s enjoyment of stability and political security that serves Turkish society, and is reflected in real estate investment in Turkey.
- Availability of a strong and solid infrastructure, which makes it a key factor in the investment attraction.
- The multiplicity and diversity of laws related to real estate investment, from which a large percentage of foreigners and Arabs benefit, and thus encourage them to obtain Turkish citizenship, by purchasing a property for an amount exceeding 400,000 thousand US dollars.
- In addition to the stable and developed infrastructure environment, which gives reassurance to investors, as well as the economic strength and durability of Turkish society, as it encourages delving into the sea of real estate investments.
As well as the Turkish real estate market, and what distinguishes it most is that it is a competitive market, characterized by strong interconnection between investment fields of all kinds, represented in trade, tourism, real estate, industry and agriculture. All this and more is what prompts investors to go into their projects, and encourages them to progress and achieve huge financial profits.
Ways to obtain Turkish citizenship:
Obtaining Turkish citizenship is not an easy matter as it is clear to everyone, rather it is a difficult thing, its achievement requires the implementation of many laws to obtain Turkish citizenship, so we decided to get acquainted with you about the four ways in which the investor can obtain Turkish citizenship, with ease.
First: One or several properties must be purchased, so that the total amount for them is not less than 400,000 US dollars. These properties range from offices, apartments, villas and shops.
Second: Establishment of subsidiaries for investors in all fields, with obligating the owner of the company to employ 50 Turkish citizens.
Third: The applicant for Turkish citizenship must leave a financial deposit in a Turkish bank, amounting to 500,000 US dollars, or the equivalent of this amount in Turkish lira, with a basic condition that the actual term of the deposit is not less than three years.
Fourth: Any foreign or Arab individual wishing to obtain citizenship has the right to marry a Turk, provided that this marriage lasts for a period exceeding 3 years as a minimum.
Advantages of obtaining citizenship:
There is an infinite number of advantages related to obtaining Turkish citizenship, for all those who wish to obtain it from foreigners and Arabs, On top of them comes the fact that you are blessed with your presence in a country that is considered one of the best countries in the world, and the most powerful of them in all economic and political aspects.
Immediately after obtaining Turkish citizenship, you can buy countless real estate within the state of Turkey, and this will become very easy, without any consequences for you to complete this matter.
In addition to enjoying free health insurance, which gives you the opportunity for free treatment for you and all your family members, you can also get treatment in government hospitals and other related clinics, and treatment is available to you in private clinics in return for paying a very low amount of money.
Immediately after obtaining citizenship, you can cross the borders of nearly eighty countries around the world, without the need to possess a passport.
Cases of withdrawal of Turkish citizenship
Turkish citizenship may be withdrawn from its holder if:
-The person obtained citizenship through fraud or misrepresentation.
-A person has been sentenced to imprisonment for an honor crime, even if the punishment is later pardoned.
-The person was convicted of belonging to an armed terrorist organization.
– The person is found to be a member of an organization that engages in activities against national security.
Among the information that must be noted in this regard is that the citizenship in the previous cases is not withdrawn directly, but rather the citizen is given 30 days to retract the act he is doing, and if he does not retract then a decision is issued to cancel it.
Documents required to obtain Turkish citizenship:
To apply for Turkish citizenship, there are a set of documents and papers that must be prepared:
- A copy of your birth certificate.
- A copy of your passport.
- Four recent passport size photos.
- Check the criminal record from your country of origin and any other country in which you have lived for more than six months in the past 10 years.
- A medical certificate from a Turkish hospital or doctor.
- Proof of sufficient financial resources, such as bank statements or payment statements.
- Proof of residence in Turkey, such as a rental contract or title documents.
- Completed and signed application.
The importance of the real estate appraisal document when applying for citizenship:
The real estate appraisal document is one of the most important documents when applying for Turkish citizenship through real estate investment. This document proves the value of your property and is used to calculate the amount of money he needs to invest in order to qualify for citizenship.
The appraisal document is also used to determine the taxes you will need to pay on your property. It is important that you have a copy of this document when you apply for Turkish citizenship, as the authorities will require it.
How to get a Turkish passport?
If you are interested in becoming a Turkish citizen, there are a few things you need to know. Here is a guide on how to get a Turkish passport:
1-Check if you are eligible
The first step is to check if you are eligible for Turkish citizenship. There are several requirements you will need to meet, including:
-You have lived in Turkey for at least five years.
– To be of good character and a good reputation.
– You have no criminal record.
-Have sufficient financial resources to support yourself and your family in Turkey.
2- Gather the required documents
Once you are sure that you are eligible to apply, you will need to gather the necessary documents. These include:
– A copy of the birth certificate.
– A copy of the passport.
– A copy of the residence permit.
-Proof of self-employment in Turkey.
Turkish passport types:
There are four types of Turkish passports: ordinary, special, service, and diplomatic. An ordinary passport is issued to Turkish citizens to travel abroad. It is valid for travel to all countries except Cyprus and Israel.
A special passport is issued to Turkish citizens who work in certain professions that require international travel. This includes journalists, members of the armed forces, and government officials.
The service passport is issued to Turkish citizens who work for the government or the military.
A diplomatic passport is also issued to Turkish diplomats and other high-ranking officials to travel on official missions.
The importance of obtaining a Turkish passport
Turkish passport holders can travel to 106 countries without a visa, and they can obtain a visa on arrival to 41 other countries. The passport is ranked 37th in the world in terms of freedom of travel according to the Passport Index.
The Turkish passport holder also has the possibility to live, work or study in any of the 28 member states of the European Union, as well as Switzerland, Norway, Iceland and Liechtenstein.
Important advantages of the real estate market in Turkey:
The first thing that distinguishes the real estate market in Turkey is that it is strong and new, and the second strongest market for real estate construction in the world, in addition to the success of Turkey in obtaining the fourth rank among the top ten locations around the world in the field of real estate investment.
This is due to the components that Turkey possesses of advanced infrastructure, the many government facilities for foreigners and Arabs desiring citizenship, as well as Turkey’s geographical location and position on the world map, which was able to play a very important role, so that the countries of Turkey became the first destination for investments.
In conclusion, we hope that we have clarified to you all the information related to the conditions for obtaining Turkish citizenship through investment. If you have any other questions about this topic, you can contact us so that we can provide you with adequate answers.
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