Get Turkish citizenship by buying a property for $250,000

With the decision published on 19.09.2018 on the Turkish official newspaper, some regulations regarding the transition of foreigners to Turkish citizenship changed. Turkish citizenship will be given directly to foreigners who buy at least 250.000 USD real estate in Turkey.

 


After being verified by the Turkish President, Recep Tayyip Erdogan, details of the new law change regarding the law of Turkish citizenship for foreigners  were published in the official newspapers as follows:

 

1 - Those who own a property in Turkey of at least $250,000 value and commit to not selling it for 3 years can apply for the Turkish citizenship by a decision of the Council of Ministers.

2 - Those who deposit at least $500,000 as investment capital in Turkish banks can obtain the Turkish citizenship and become Turkish citizens by a decision of the Council of Ministers.

3 - Investing in Turkey where the investment guarantees employment opportunities for 50 Turkish citizens grants the investor the right to apply for Turkish citizenship.

4 - The Investment must be with a fixed capital of non-less than $500,000

 
 

Main Steps for Turkish Citizenship by Investment


1 - Open a Bank Account: An account should be opened in a Turkish bank in the name of the investor.

2 - Make an Investment: Carry out the necessary investment transactions such as property title deed transfer, cash deposit, government bond/share purchase etc.

3 - Residence Permit Application: Applicants are required to hold a valid residence permit at the time of citizenship application. Nevertheless, permit holders can continue to live abroad as long as they wish.

4 - Turkish Citizenship Application: After obtaining your residence permit, you can apply for Turkish citizenship immediately. A physical presence or interview is not required during the application process.


Vartur Real Estate Company team helps you from the beginning until you get your passports when you buy a property for citizenship by investment.

 



Key Benefits:

 

BECOME CITIZEN WITH YOUR FAMILY 

Your spouse and children under 18 years old can acquire citizenship together with you at the same time. 


NO WEALTH DECLARATION 

When you apply for citizenship, you are not required to declare your assets or income that you currently have in other countries.


NO NEED TO BE A PERMANENT RESIDENT

You do not have to have lived continuously in Turkey for a certain period to become eligible for citizenship. You can continue to live abroad and apply for citizenship as soon as you get the residence permit. 


REPATRIATE YOUR INVESTMENT 

After holding your investment for 3 years., you can cash out your investment and repatriate the funds along with its proceeds (i.e. rental income, interest etc.) free of exchange control restrictions.

 


NOTABLE VISA-FREE COUNTRIES 

EUROPE:

ALBANIA, ARMENIA, AZERBAIJAN, BELARUS, BOSNIA AND HERZEGOVINA, GEORGIA, KOSOVO, MACEDONIA, MOLDOVA, MONTENEGRO, NORTHERN CYPRUS, SERBIA, UKRAINE 

 

ASIA:

BAHRAIN, HONG KONG, INDONESIA, JAPAN, JORDAN, KAZAKHSTAN, KUWAIT, LEBANON, MALAYSIA, OMAN, QATAR, SINGAPORE, SOUTH KOREA

 

AMERICAS:

ARGENTINA, BAHAMAS, BRAZIL, CHILE, COLOMBIA, MEXICO, PANAMA, PARAGUAY, PERU URUGUAY 

 

AFRICA:

KENYA, LIBYA, MADAGASCAR, MAURITIUS, MOROCCO, SENEGAL, SEYCHELLES, SOUTH AFRICA, TANZANIA, TUNISIA 

 

F.A.Q.: Frequently asked questions about the Turkish citizenship by owning properties worth $250,000.

1. Does a foreigner who owns more than one Turkish property totaling to $250,000 have the right to apply for the Turkish citizenship?

Yes, a foreigner who owns real estate with a total value of more than $ 250,000 is entitled to the Turkish citizenship under the latest law change. It is not required to be a single property.


2. Is the citizenship granted only to the owner of the property or to him and his family?

Turkish citizenship is granted to the owner of the property and all members of his family who are under 18 years of age.


3. Is there a specific currency required to buy a property in Turkey and get the Turkish citizenship?

The decision states that the purchase of a property must be worth $250,000 or its equivalent in foreign currency.


4. Are Individuals who own real estate in Turkey worth $250,000 and above before the recent law change entitled to apply for Turkish citizenship now?

There is still no statements as to those who own property in Turkey worth $250,000 and above before the issuance of this decision and whether they are entitled to the Turkish citizenship or not.


For further questions & to apply for citizenship,
Please contact us
: +90 212 803 01 05

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