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Turkish citizenship based on the purchase of real estate property

Turkish citizenship based on the purchase of real estate property

People who really like the country of Turkey, its culture and climate are thinking about options for getting Turkish citizenship. The easiest and fastest way to get a passport is to purchase real estate property. Obtaining citizenship gives much more rights and opportunities than a regular Residence permit.

A bit of legislation history

For the first time foreign investors were able to obtain Turkish citizenship based on the purchase of real estate only in 2017. Of course, at that time, the limits on investment in property were very high. Quite quickly the government realized that these rules require a revision, so the first amendments to the law were made in 2018.

The entry threshold for real estate investors has significantly decreased: from $ 1 million to $ 250 thousand.

It is important to understand that absolutely any property owner in Turkey today can apply for a passport. However, if the cost of an apartment or house is less than 250 thousand dollars, the waiting procedure may take up to 3-5 years.

Which documents you will need?

First of all the owner must have a non-stop residence permit for 5 years before the documents were submitted. An important condition will be the total number of days when the person was absent from the country: not more than 365 days for the entire period.

In addition, you will need to pass a Turkish language exam and an interview.

You must also have a document confirming the existence of a source of income.

What are the advantages of obtaining citizenship?

Of course, for those who live in Turkey permanently and have their own real estate, having a passport will be a great advantage.

You will no longer need to renew your Residence permit, you will be able to get an official job and will receive pension contributions.

Also you will be able to get government insurance for medical care.

If you wish, you can also easily open your own business.

For many people it is important that the right to vote appears simultaneously with obtaining citizenship.

Alternative solution

If you buy a property with cost more than $ 250,000, then there is no need to wait 5 years. You also not need to refuse your first citizenship.

Required documents:

* Passport.

* A document confirming the ownership of an apartment or villa.

An important point is that citizenship can be obtained not only by the owner himself, but also by his spouse, as well as children under the age of 18.

The process of obtaining a passport will not be as long as when submitting documents by general rules. As a rule the procedure does not take more than 2-3 months.

On our website you can find many objects that meet all the requirements for obtaining Turkish citizenship. For example, in the nearest future we are launching the construction of a new grandiose facility – Richmond villas and Residence in Kargicak district, Alanya.

More details https://expatguideturkey.com/turkish-citizenship-by-investment/

 

 

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Olga Polianichkina

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