Turkish citizenship from real estate investment
The advantages of real estate investment in Turkey are that it is characterized by many and many profitable returns, and among these profit returns for the real estate investor in Turkey is obtaining Turkish citizenship, in the past, in order to obtain Turkish citizenship, the real estate investor in Turkey must make a real estate investment worth One million dollars in order to obtain Turkish citizenship, but the law that stipulates this was renewed, and the issue was made easier for investors looking to obtain Turkish citizenship by reducing the value of the investment from one million US dollars to 250 thousand US dollars, but on 13-04-2022 the change was changed The text of this law, and this will be the focus of the article.
From 250 thousand US dollars to 400 thousand US dollars A
decision was issued to raise the value of real estate through which the investor can obtain Turkish citizenship from 250 thousand US dollars to 400 thousand US dollars, and this was held at the presidential meeting held by Turkish President Recep Tayyip Erdogan in On 13-04-2022 with the government council, new decisions were taken about obtaining Turkish citizenship, and one of the most important decisions issued was the decision to raise the value of real estate investment, which allows its investor to obtain Turkish citizenship.
Obtaining citizenship from real estate investment
The process of obtaining Turkish citizenship begins after purchasing a property worth at least $400,000. His investment amounted to 400,000 US dollars to the Turkish Ministry of Environment, Urbanization and Climate Change.
Buying more than one property in order to obtain Turkish citizenship
The real estate investor in Turkey can invest or buy more than one property, so that the total real estate value is 400,000 US dollars, provided that all real estate documents are submitted in the Turkish citizenship file according to the Turkish Naturalization Law.
Documents required to obtain Turkish real estate citizenship
- Title Deed
The title deed (Tabu) is considered the most important document that must be submitted in order to obtain Turkish real estate citizenship, because it is this document that proves that the applicant for Turkish citizenship is the owner of the property.
- A copy of the passport The
foreigner who wants to obtain Turkish citizenship must translate his passport into the Turkish language, with the ratification of the translation from the Noter, and if he also wants to include his family in order to obtain Turkish citizenship, he must translate and certify the translation of their passports From the mother tongue to the Turkish language.
- Personal Pictures
Obtaining Turkish citizenship requires new personal photos to be placed on the new Turkish identity.
- Authentication of all papers
All documents and papers submitted in order to obtain Turkish citizenship must be attested by the Turkish Ministry of Foreign Affairs.
Conditions for obtaining real estate Turkish citizenship
- The value of the property must be at least 400,000 US dollars.
- Obtaining a real estate appraisal document from a company specialized in providing real estate appraisals, and to be licensed by the Turkish government.
- Registering the property in the Tapu Department.
- Paying the value of the property in Turkey via bank transfers.
- The owner of the property must not be a foreigner.
Advantages of Turkish citizenship
- Ease of Transactions
Having Turkish citizenship makes it easier for a foreigner to face many difficulties in conducting transactions.
- Increasing the opportunity for
foreign work who wants to work in Turkey must obtain a work permit, and for this he must submit a lot of papers, while the holder of Turkish citizenship can start working directly in all fields.
- Practicing all professions
There are some professions that a foreigner is not allowed to practice, such as (law – veterinary medicine – pharmacy – public and private security… etc.), while Turkish citizenship allows those who specialize in these professions to work in them legally.