Turkish citizenship through real estate investment is one of the most common and convenient ways to apply for it, although there are many other ways, but these are the most famous, and from the information that you do not know is that according to what was announced by the official authorities, more than 40% of those coming to Real estate ownership in Turkey, their goal is citizenship.
Some important details about this matter you will know with us in this article.
How to obtain citizenship through real estate investment?
The Turkish government planned to raise the value of real estate that must be purchased in order to obtain Turkish citizenship through real estate investment and the new real estate investment limit to apply for Turkish citizenship has started from June 12, 2022. This change comes as a result of the increased demand for real estate investment in Turkey .
Currently, the minimum investment required is $400,000, but it may be raised to $500,000 or more in the future and this change is being considered in order to make the citizenship program more selective and reduce the number of applications.
There are other criteria that must be met by the appropriate property to obtain Turkish citizenship , all of which must be associated with the required price, which are as follows:
- The property must not be sold before 3 years have passed since the date of its purchase.
- You must buy it from a Turkish citizen or a Turkish construction company exclusively.
- The full price of the property must be paid through a Turkish bank.
- The real estate appraisal document that accurately controls real estate prices must be extracted.
- You must verify that the property was not previously used to obtain it.
Note: Violation of any of the aforementioned conditions will make the property unsuitable for citizenship.
Among the advantages of obtaining Turkish citizenship
There are many benefits to obtaining Turkish citizenship , including increased employment opportunities, the ability to travel to 121 countries without a visa, and access to government and private sector jobs. In addition, the Turkish passport is considered one of the most powerful passports in the world and to apply for Turkish citizenship, you will need to fill out an application form and meet certain requirements, such as living in Turkey for five years without interruption.
Turkish citizenship gives you the right to vote and run for public office, and Turkish citizenship gives you the right to own property in Turkey.
General conditions for obtaining Turkish citizenship
Here are the general requirements for obtaining Turkish citizenship:
- Residing in Turkey for five years without interruption (and not being outside Turkey for six months).
- Fixed investment with a value of not less than 500 thousand US dollars, or marriage to a Turkish citizen or closeness to a person who previously obtained Turkish citizenship.
- Having a disease is an obstacle to public health, so you must ensure that you do not carry a disease that threatens health.
- To be a person of good character with good morals and a good reputation.
- You should not have a criminal record or be involved in a crime, neither in Turkey nor in your country of origin.
Other incentives to obtain citizenship
There is another set of privileges and incentives that motivate the foreigner to apply for Turkish citizenship in addition to what was mentioned above, the most important of which are:
1 - advanced Turkish economy
The main drivers of this economic growth are tourism, construction, and manufacturing
Tourism is one of the main contributors to the Turkish economy, as the number of foreign visitors to Turkey increased from 25 million in 2010 to 45 million in 2018, and this pace continued for the following years up to the current year 2022 AD. This increase is largely attributed to the Turkish government’s efforts to promote Turkey as a tourism destination. The government has invested heavily in infrastructure projects such as airports and highways, making it easier for tourists to visit Turkey.
Construction is another major driver of Turkey's economy. The construction sector has seen rapid growth in recent years, due to large-scale infrastructure projects implemented by the government. These projects include the construction of new airports, highways, and hospitals.
2 - Strategic location
Turkey is located at the crossroads of Europe, Asia and the Middle East and this makes it an ideal base for companies that wish to expand their operations into new markets.
In addition, Turkey offers a number of incentives to foreign investors, including tax breaks and access to government funding.
Turkish citizenship also gives investors the ability to live and work in any of the 28 European Union countries.
3- A suitable environment for profitable investment
- Turkey has a young population with a high level of education and more than half of the population is under the age of thirty, and therefore there is an abundance of labor and the consumer side
- Turkey is strategically located at the crossroads of Europe, Asia and Africa and this makes it an ideal base for companies looking to do business in multiple markets.
- The Turkish government offers a number of incentives to foreign investors, including tax breaks.
Documents required to obtain citizenship
To obtain Turkish citizenship , the following documents are required:
- A copy of your passport
- A copy of your birth certificate
- A copy of your marriage certificate (if applicable)
- A copy of your divorce certificate (if any)
- A copy of your children's birth certificates (if applicable)
- Proof of residence in Turkey
- Proof of income/assets
Turkish passport strength
The Turkish passport is ranked 37th in the world in terms of strength according to the 2022 Henley Passport Index.
This means that Turkish citizens can travel to 121 countries without a visa, or they can obtain a visa upon arrival, and there are countries that grant Turkish citizens citizenship electronically, that is, via the Internet, thus saving them a lot of time, effort and fatigue.
It should be noted in this context that the Turkish passport will continue to make progress and is expected to occupy a more advanced rank in the coming years, and this is in accordance with the leaps it has made during the past years, since a few years ago it was ranked 50th.
You can find out more important topics regarding the Turkish reality, the laws and regulations imposed by the Turkish constitution, as well as the real estate sector in Turkey through our website or contact our consultants.
240,000$
Istanbul Europe,
Küçükçekmece,
Under construction
218,000$
Istanbul Europe,
Büyükçekmece,
Under construction
Advantages of buying a property in Turkey with Number One Real Estate:
Number One is one of the leading real estate investment companies in Turkey, providing all kinds of real estate services within the Turkish real estate market
We offer our clients all types of real estate from: Villas for sale in Istanbul by the sea, cheap real estate for sale in Istanbul, office apartments and shops in various regions of Istanbul, apartments within the most luxurious residential complexes in Turkey, we take care of the procedures for obtaining Turkish citizenship and real estate residence