A law granting Turkish citizenship to foreigners through investment was issued at the beginning of 2017, and it underwent several amendments in the subsequent years, with the latest one in May 2022. We receive numerous questions related to Turkish citizenship on our website 'Property Superiors' and our social media platforms. From these, we have selected the top 10 Questions.
Turkish law has created several investment methods that allow the foreign investor to choose between them in accordance with his budget and the type of investment he desires. These types are:
By purchasing a property worth no less than $400,000 and not selling for at least 3 years.
Deposit $500,000 in any Turkish bank without withdrawing for a period of no less than 3 years.
Deposit $500,000 in the aforementioned fund and keep it for a minimum of 3 years.
The value of the bonds must not be less than $500,000 and be held for 3 years.
Establish a company and employ at least 50 Turkish workers and not lay off any of them for 3 years.
Once the client goes to one of the methods mentioned in the question and completes the related requests, he can start, in cooperation with his real estate consultant, to prepare the application file for obtaining Turkish citizenship and include in it the investment papers in addition to his personal papers and those of his family consisting of one wife and children under the age of 18 so that they can together get naturalized.
Yes, this is possible, provided that all conditions are met and papers, payment notices, etc. are submitted.
Yes, if a real estate title deed is available.
The property value must be paid via bank transfers, and manual cash payments are not accepted.
Previously, this matter was available, but at the beginning of the year 2022, a presidential decision was issued requiring that the foreign currency be sold to the Turkish Central Bank and replaced with the local currency, with the necessity of obtaining a notice from the Turkish Central Bank stating that the reason for the sale is to obtain Turkish citizenship and then transfer the value of the property in lira to the account of the Turkish seller and that All this is done through an intermediary bank.
Mortgage and partial installments are not acceptable in the process of obtaining Turkish citizenship through real estate ownership, but if the value of the first installment of the property installment exceeds $400,000, an application to obtain Turkish citizenship can be submitted regardless of the value and number of installments remaining on the property, provided that there is a tapu document. real estate.
The foreign investor can go towards any type of obtaining Turkish citizenship, starting from the idea to obtaining Turkish citizenship and handing over temporary IDs to his family at the Turkish consulate abroad, all while he is in his country or in any country outside Turkey.
There are no requirements related to residency or speaking the Turkish language fluently in order to obtain Turkish citizenship through investment.
The Turkish Nationality Law allows a foreign investor to hold two nationalities in addition to Turkish nationality, taking into account the laws in the home country as some countries do not allow dual nationality.
The Turkish official gazette published on Tuesday, December 12, a Republican decision issued by the presidency of the Republic of Turkey and Turkish President "Recep Tayyip Erdogan" and bearing the number 32397 regarding making some amendments to the conditions for...
The first day of last September witnessed the implementation of a new law imposing financial fines on real estate owners who impose exorbitant rents on tenants in Turkey, as disputes in recent years between landlords and tenants of real estate...