This article deals with an important and interesting topic, which is the price of Turkish citizenship in recent years, obtaining citizenship on the territory of the Republic of Turkey has become popular with many people around the world, whether for economic reasons, or travel and investment, or for living in this beautiful and diverse country, but what is the price of citizenship and what are the conditions and requirements associated with it? This is what we will discuss in this article.
The most popular ways to obtain Turkish citizenship
Here are the most common ways to obtain Turkish citizenship, let's get to know them:
Turkish citizenship by purchasing a property
The applicant must be over 18 years old, and the applicant’s nationality should not be one of the five nationalities that are prohibited from owning real estate in Turkey in addition, it is required that the price of the property being purchased be at least 400 thousand dollars, as this is considered one of the basic conditions for obtaining Turkish citizenship.
That the purchased property be suitable for Turkish citizenship that its tapu document is free from any legal problems, that the purchase is made by a Turkish citizen or a Turkish construction company, and that the price of the property must be paid by bank transfer, and the buyer must undertake not to sell the property for 3 years from the date of purchase.
Turkish citizenship through bank deposit
Obtaining Turkish citizenship through this method requires depositing an amount of $500,000 in the bank and keeping it for 3 years, and with this procedure, the applicant expresses his willingness to invest in Turkey for a long time, as he shows his commitment to keeping the amount in the bank for the specified period, this investment is considered a contribution In strengthening the Turkish economy and enhancing the country's financial stability.
Turkish citizenship by buying shares
Buying shares in real estate investment funds or venture capital funds with a value of $500,000 is one of the possible ways to obtain Turkish citizenship and through this approach, the applicant purchases shares in investment funds that focus on real estate or financial assets and this aims to support the Turkish economy and boost investment in the country.
Motives that encourage obtaining Turkish citizenship
- Turkey is one of the fastest-growing economies in the world, and it provides ample opportunities for work and investment in various fields.
- Obtaining Turkish citizenship allows individuals to access the Turkish labor market more easily and achieve a balance between the rights and privileges enjoyed by Turkish citizenship
- The country enjoys political and social stability, which enhances confidence in the country's legal and economic system.
- 4Turkish citizenship grants rights and privileges such as the right to vote and participate in political elections, the right to access education and health care, and the right to travel freely to many countries without a visa.
- Turkey maintains great freedom agreements with a large number of countries, and therefore holders of citizenship can benefit from some international privileges and facilities available to Turkish citizens in other countries.
- The country enjoys a wide range of different types of transportation, including dolmus, penthouses, tramways, sea ferries, and taxis.
- 7It includes many hospitals, private clinics, pharmacies, medical facilities, and health clinics that provide the best services and advanced technologies.
- The advantage of passing the nationality to your children and grandchildren, in addition to the ability to work in all fields without restriction.
Steps to obtaining Turkish citizenship by buying a property
- Communicate with a reliable real estate company and request to send real estate offers with the aim of obtaining Turkish citizenship through real estate ownership.
- Reviewing the laws, fees, and real estate taxes in Turkey, determining the costs of purchasing a property, and the conditions for obtaining Turkish citizenship by purchasing a property in Turkey.
- Reaching an agreement with the real estate company to conduct a real estate tour to view the real estate project that is compatible with the conditions for obtaining citizenship.
- The signing of the real estate purchase contract and its documentation by the construction company or the buyer, and the issuance of the real estate evaluation report, which determines the true value of the real estate.
- Selling foreign currency to the Turkish Central Bank through a banking intermediary and converting it into Turkish lira through a banking intermediary.
- Transferring the value of the property in Turkish lira to the seller's account through the same banking intermediary
- Obtaining the appropriate type of real estate title deed, as the Directorate of Land Registry and Real Estate Survey in Turkey grants the final title deed if the property is ready, but if the property is under construction, it will grant a title deed.
- Preparing and submitting an application file for obtaining Turkish citizenship and including all required papers.
- Obtaining the investor’s residency in Turkey, which is granted by the Turkish Immigration Presidency, while the Turkish citizenship application file is reviewed through several stages.
- Issuance of the naturalization decision and receiving a letter from the Turkish souls.
How long does it take to obtain Turkish citizenship?
You will first have to complete the required documents, which usually takes between 3 to 4 days, after that the relevant authorities will review these documents within a period usually between 30 to 60 days, while you prepare for the associated investment process once this is completed you will be able to submit your citizenship application, and your passport will be issued within 60 days and it should be noted that before submitting the application you will need to obtain a residence permit.
Read also more Turkish citizenship And ways to get it 2024
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