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Do Installment Apartments Grant Turkish Citizenship?

2023-09-26
Acquiring Turkish Citizenship
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Do Installment Apartments Grant Turkish Citizenship?
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When it comes to investing in real estate in Turkey, Turkish citizenship is one of the most important advantages that attract the attention of foreign investors and Turkish citizenship grants multiple rights and exceptional privileges, including permanent residence in Turkey and full enjoyment of economic and social rights.

 

Do installment apartments grant Turkish citizenship?

The Turkish citizenship authorities grant foreign investors a distinct investment opportunity through several methods, as investors can easily obtain Turkish citizenship when purchasing a property with a value of no less than $400,000, with the condition that the property is not sold for 3 years and this opportunity includes the real estate investor, his wife, and children under the age of eighteen, as they can benefit from the government program to obtain Turkish citizenship

We should note that a new amendment has been made to the law on granting Turkish citizenship to foreigners that requires the buyer to sell the foreign currency in which he wants to buy the property to the Turkish Central Bank and exchange it for the Turkish lira and this includes the monthly installments as well, as their value must be converted from the foreign currency into the Turkish lira and this applies to all properties sold to foreigners in Turkey, regardless of the investment or housing objective.

 

Advantages of obtaining Turkish citizenship

Do Installment Apartments Grant Turkish Citizenship?
 

  1. Obtaining Turkish citizenship allows individuals to reside permanently in Turkey without the need to renew a visa.
  2. The holder of Turkish citizenship is granted the right to free movement between many countries without the need to obtain a visa.
  3. Benefit from higher education in Turkey with reduced educational costs
  4.  Employment opportunities in Turkey without the need to obtain work permits.
  5. Full ownership of real estate in Turkey without restrictions.
  6.  Turkish citizenship holders are allowed to participate in elections and vote.
  7. The holder of Turkish citizenship enjoys the right to international protection by the Turkish government abroad.
  8. Benefit from health insurance and medical care in Turkey.
  9. The holder of Turkish citizenship obtains loans and financing on easy terms.
  10. Distinguished investment opportunities in real estate in Turkey.
  11. Turkish law protects the intellectual property rights of Turkish nationals.
  12. Benefit from many trade agreements and economic cooperation.
  13. The holder of Turkish citizenship obtains visas to travel to other countries easily.
  14. Obtaining citizenship enhances integration into Turkish society and culture.
  15. Opportunities to benefit from social programs and government assistance.
  16. Turkish law protects the rights of Turkish nationals and provides them with legal protection.
  17. Benefit from training and education programs provided by the government.

 

 

Benefits of buying apartments in installments in Turkey

Do Installment Apartments Grant Turkish Citizenship?
 

  1. Installments allow paying a lower down payment than the full cash payment, making the purchase process easier and reducing the buyer's financial burden.
  2. It is a good investment opportunity, as the buyer can immediately use the apartment for housing or renting, and get a financial return.
  3. Installments can contribute to improving the credit history of the buyer, which enhances the chances of obtaining loans and other financing in the future.
  4. The installment process allows a wide range of options for the buyer to choose the right apartment for him in terms of location, space, and specifications.
  5. Many real estate projects are available in installments within residential complexes that contain various facilities and services such as swimming pools, health clubs, sports stadiums, and green spaces.
  6. Contracting with real estate projects in installments is legally protected, which guarantees the buyer's rights and protects him from any legal risks.
  7. The delivery period may be more flexible with installments, allowing the buyer more time for preparation and arrangements before moving in.
  8. The real estate market in Turkey is witnessing continuous development, and new projects may have modern designs and advanced facilities.
  9. In the event that there is no need to live in the apartment, the buyer can rent it and use it as a source of additional income.

 

Papers required to obtain Turkish citizenship

  1. Family book or family statement, translated into Turkish and certified by a notary.
  2. The marriage contract must be translated and certified by a notary and if the spouses are separated, the consent of the mother or father must be obtained if they have children under the age of 18.
  3. An agency of a lawyer or real estate agent, especially for obtaining Turkish citizenship, to complete the papers and apply to the General Civil Service Department in Turkey.
  4. Citizenship application forms must be filled out accurately and in detail to avoid mistakes that may hinder the process of obtaining citizenship.
  5. Recent personal photos of each family member must be submitted.
  6. A civil record extract from the safe country must be certified by the Ministry of Foreign Affairs in the country of origin, translated and certified by the notary public and the Turkish embassy in that country
  7.  The original passports of all family members must be translated into Turkish, and the translation must be certified by a notary in Turkey.

 

 

Reasons for rejecting the Turkish citizenship application

  1. If the applicant for Turkish citizenship does not fulfill all the conditions and requirements clearly defined in the Citizenship Granting Law, his application may be rejected.
  2. If there is a mortgage or legal attachment on the property that was purchased to obtain Turkish citizenship, this may lead to the rejection of the application.
  3. If the applicant for citizenship is involved in any criminal activity or suspicious security matters, this may lead to rejection of the application.
  4. If all required documents are not submitted correctly and completely, the citizenship application may be rejected.
  5. If the translation is not clear or incorrect for the necessary documents, this may lead to the rejection of the application
  6. If the applicant violates the nationality laws or inherits the nationality illegally, the citizenship application may be rejected.
  7. There may be restrictions or prohibitions on granting citizenship to citizens of certain countries or nationalities.

 

Read Also:

Advantages of Turkish Citizenship 2024

Methods of obtaining Turkish citizenship

Price of Turkish Citizenship
 

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Faqs

No, there are no restrictions on the type of apartment that can be purchased in installments. Any type of apartment can be purchased, whether residential or commercial.

Yes, the investor can sell the apartment after obtaining Turkish citizenship, however, citizenship must be maintained for a period of no less than 3 years. 

Yes, an investor can own more than one apartment and obtain Turkish citizenship if the total value of the apartment exceeds 400 thousand US dollars.