How to obtain Turkish citizenship by property investment?
Turkish Citizenship
According to the new Turkish government decisions announced in April 2022, investors can get Turkish citizenship by buying property in Turkey worth 400,000 USD at least. It is a fantastic opportunity for property investors in Turkey to gain excellent profits and citizenship in a unique country like Turkey. This post will explain how to get Turkish citizenship by property investment and the requirements.
The New Regulation
The Turkish government decided to increase the minimum property value for Turkish citizenship in 2022. It has been raised from 250,000 USD to 400,000 USD on the condition of not selling the property; within three years after purchase.
Requirements for getting Turkish citizenship by property investment?
Before making a real estate investment, you should be aware of the requirements to obtain Turkish citizenship by property.
- The property should be worth at least 400,000 USD.
- The buyer’s nationality should not be one of those prohibited from owning property in Turkey. Therefore, investors from (Suriye, Greek Cyprus, Armenia, North Korea, and Cuba) can’t buy property in Turkey due to old historical disputes.
- Not to sell the property for 3 years after buying it.
- Issuing a property assessment from a real estate assessment company accredited by the Turkish government.
- Registering the property in Turkey’s General Directorate of Land Registry and Cadastre (Tabu).
- Paying the property’s payment through a bank transfer to Turkey.
- The real estate seller must be Turkish.
How to get Turkish citizenship by property investment?
The following are the steps you should take to acquire Turkish citizenship by property:
- Buy one or more properties worth at least 400,000 USD. You can find the best options on the Baytii Real Estate website.
- Get an assessment of the property through a company accredited by the Turkish Financial Markets Authority. Then, obtain a certified report.
- Submit a request to the General Directorate of Land Registry (Tabu) for a three-year reservation for the property.
- Obtain an investment residence permit from Immigration Management. Then, get the application approved by the Ministry of Environment and Urbanism.
- Apply for Turkish citizenship in the General Directorate of Population and Citizenship Affairs (Nüfüs).
Why should you acquire Turkish citizenship?
The Turkish passport is the 41st strongest in the world, according to the Passport Index. You will be able to enter 115 countries without a visa. That includes 64 visa-free countries and 46 visa-on-arrival countries.
It is easy to get a visa to the United States. Investors from America’s investment treaty countries, including Turkey, can get an E-2 visa to enter the US. This visa is intended for entrepreneurs and investors..
Living in a culturally diverse environment where modern European civilization blends with the authenticity of Ottoman history.
Finally, if you want to buy a property that meets Turkish citizenship requirements, you can contact our real estate consultants at Baytii Real Estate. Our consultants will recommend you the best options.
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