Obtaining Turkish citizenship is one of the important matters that requires some procedures and costs, but in the recent period, amendments have been made to the nationality law to facilitate this process and attract foreign investors, and among these amendments was added the option of obtaining Turkish citizenship in return for investing 400 thousand dollars in real estate.
But what are the procedures that must be followed to obtain citizenship in exchange for this investment? And what are the benefits that foreign investors can get? In this article, we will talk about all these matters and more.
Advantages of obtaining Turkish citizenship for 400 thousand dollars:
- Obtaining Turkish citizenship allows you to freely own real estate in Turkey without the restrictions imposed on foreign investors.
- The program also includes the immediate family members of the investor, such as the spouse and children under the age of 18. Family members get the same rights and privileges as the main investor.
- After obtaining citizenship, the investor and his family members can travel to Turkey freely without the need for a visa.
- The investor and his family have the right to benefit from social benefits in Turkey, such as education and health care.
- Turkey is an economically developing country and offers wide investment opportunities and investors can get a return on their investment in Turkish real estate or companies.
- You can benefit from the Turkish social security system, and enjoy its benefits and social protection.
- Turkey is characterized by providing a high quality of life at an affordable cost compared to other European countries.
- You can benefit from the Turkish Inheritance Law, whereby the property acquired in case of death is distributed to your heirs as a Turkish citizen.
- The right to participate in Turkish elections and to participate in democratic decision-making.
- After reaching the age of 60, you can benefit from the retirement plans available in Turkey.
- You can create real estate projects and make many commercial investments in Turkey.
Conditions for obtaining Turkish citizenship for 400 thousand dollars:
Here are some basic terms that he should be aware of:
- The investor must purchase a property with a value of not less than 400 thousand US dollars.
- After the purchase, the foreign investor must commit not to sell the property for a period of not less than three years.
- The property must not be in the restricted areas for real estate investment in Turkey, these areas are subject to special restrictions and require additional permits.
- The value of the property to be purchased should not exceed 10% of the area in which the investment is being made.
- Verify that your nationality is not among the nationalities prohibited from buying real estate in Turkey.
Countries that a Turkish citizen can enter without a visa:
- Palestine
- Iraq
- Tunisia
- South Korea
- Singapore
- Brazil
- Russia
- Jordan
- Sultanate of Oman
- Qatar
The countries that the Turkish citizen enters with an electronic visa:
- Ethiopia
- Armenia
- Australia
- Benin
- Burma (Myanmar)
- Russia
- Norfolk Island
- Côte d'Ivoire
- South Sudan
- Montserrat
- Lesotho
- Suriname
Steps to obtain Turkish citizenship:
To obtain Turkish citizenship, there are the following steps:
- The process begins with purchasing a property with a value not less than the amount required as a prerequisite for obtaining Turkish citizenship.
- Obtaining citizenship requires preparing a set of required documents, such as a passport, personal identification documents, marriage certificates (if any), and others.
- Obtaining the suitability or conformity paper that proves the applicant's eligibility for Turkish citizenship.
- Submitting the citizenship application to the concerned Turkish investment office, submitting the required documents and the due financial payments.
- Conducting a security study and verifying the suitability of the applicant to obtain citizenship, and this process may take time before completing the procedures.
- In the last step, the official naturalization decision is received indicating the granting of Turkish citizenship to the applicant.
The papers necessary to obtain Turkish citizenship:
There are several documents and procedures that must be prepared to obtain Turkish citizenship, as follows:
- The property title deed or the promise-to-sale contract certified by the notary.
- Real estate appraisal sheet.
- Original payment receipts from the buyer's account, stamped with a live seal from the sending bank.
- Original receipts from the seller's account, stamped with a live seal from the receiving bank.
- Passport photos of all family members.
- Marriage certificate translated into Turkish and duly certified.
- Original passport.
- A health certificate proving the absence of dangerous diseases.
- 4 biometric photos for each individual.
- Authentication of all documents, their translation into Turkish, and their attestation at the Turkish Consulate in the country of origin.
Common questions:
What is the amount required to obtain Turkish citizenship in return for investing in real estate?
The required amount is 400 thousand US dollars.
Is it possible to sell the property after obtaining Turkish citizenship?
Yes, the property can be sold after three years of its purchase.
What are the main steps for obtaining Turkish citizenship?
The steps include buying the property at the required value, preparing the necessary papers, obtaining the conformity paper, submitting the citizenship application, waiting for the completion of the security study and receiving the naturalization decision.
If you want to get a good opportunity within the real estate market in Turkey, do not hesitate to contact our consultants in order to provide you with all offers and options suitable for you and your aspirations, so follow our website, where you monitor many details related to the Turkish real estate sector, and through it we answer many of your inquiries.
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