Turkey is a place where modern life meets the Muslim lifestyle. Due to the unique geographic location, this country lies partly in Asia and partly in Europe. So it acts as a barrier and bridge between two continents. Many businesses believe this is a distinct advantage, as Turkey gives easy access to major energy resources and strategically important areas.
Turkey boasts one of the fastest-growing economies worldwide. So what is there to talk about if such multinational companies as Coca-Cola, Microsoft, or Intel have selected Turkey to locate their strategic regional headquarters at this place. More than half of the world’s global trade takes place within a few hours from Turkey.
Being one of the G-20 countries, Turkey provides an investor-friendly environment. It also gives an opportunity to acquire Turkish citizenship and get Turkish passport through real estate route. In fact, most foreign entrepreneurs choose this option because of its high profitability. The prices in the Turkish real estate market grow by 15 or 25% each year, and over the past two years, the cost of apartments has doubled. This means that your property could be profitably sold after three years, and you still remain a Turkish citizen.
So what are the conditions?
According to the Turkey Citizenship by Investment Program and Turkish law, you or other foreign investors can receive Turkish citizenship for real estate investments for at least $250,000 in the Turkish economy.
The Turkish real estate market is thriving. Only in 2021, the prices soared by 30.6%, according to the Central Bank of the Republic of Turkey. The number of home sales has also risen, as the Turkish Statistical Institute states. To be sure that you buy a property with high return potential, learn more about the area where this real estate is located, find out the number of tourists was there last year, consult a migration lawyer, such as Migronis, and just ask yourself: “Could it really bring an influx of tourists? Do I want to live here?”
The decline of the Turkish Lira may seem a good reason for foreign investors’ real estate ownership in Turkey. The fall of the Turkish Lira is bad news for those who have their earnings only in Turkish lira. However, the same is quite the opposite for investors who can take advantage of the low currency exchange rate. Turkish President Recep Tayyip Erdogan believes that this decline will lead to a decrease in inflation and an increase in the importance of Turkish exports, which, in turn, will positively reflect on the Turkish economy.
Turkish real estate is an excellent investment in your future. As tourism in Turkey booms, buying a home here is like a promise to generate handsome rental income. And this is the reason why investors worldwide are flocking to purchase at least a small plot of land.
You also can use this Turkish property by yourself. Only imagine, you have top-notch real estate with a view of the Bosphorus and Turkish citizenship on top of all this! Sounds great, does it?
CITIZENSHIP-BY-INVESTMENTS PRESENTATION
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Want to know more?
Step 1. Get a Tax Registration Number
Tax Registration Number can be obtained in any tax office, however, only in Turkey. Take a passport and photos with yourself.
Step 2. Find one or multiple properties
The minimum investment is $250,000. The property must have a Habitation License and a Title Deed or Construction Servitude. No less important is the fact that your property should pass an Official Evaluation Survey.
Step 3. Buy the property
In order to be qualified for a Turkish investment program, you need to use a Bank Transfer and get a receipt after this transaction is completed. You need to have a Notarize Sales Contract and a Title Deed Registry with the annotation “Not to be sold for three years.”
Step 4. Get the Certificate of Conformity
After providing an Official Evaluation Survey and a Bank Transfer Receipt, you are welcome to apply to the Ministry of Environment and Urbanization.
Step 5. Apply for Turkish residency
Collect all the required documents and apply to the Directorate General of Migration Management.
Step 6. Apply for a Turkey citizenship and a Turkish passport
Before applying for your residence permit, collect all documents required for Turkey Citizenship by Investment.
Seems catchy? Then talk with our expert and learn how to get a Turkish passport
Here is a list of all the documents you need for your Turkish Citizenship by Investment Program:
Obtaining Turkish citizenship through the real estate route is worth $250,000. The benefit of a Turkish Citizenship by Investment Program is that you can actually buy any plot of land, house, commercial facilities, apartment, or share in a real estate project and get a Turkish passport in the end. The most important rule is β Your foreign direct investment should be worth at least $250,000.
At the same time, other eligible nationalities, Egyptians or Jordanians, get a 1-year, single entry E2 visa.
Interested in getting the same long-term beneficial opportunities?
If you are not sure about obtaining Turkish citizenship by real estate investment, you can consider other options in which this country is rich. All investments can be made in USD or equivalent foreign currency.
The minimum investment to obtain Turkish citizenship is $250,000, and this only goes for purchasing real estate, as other options require making bigger donations.
Acquiring Turkish citizenship involves buying any real estate object for $250,000 as one of the options. This can be a plot of land, a house, or an apartment.
No, you don't need to provide any data regarding your existing assets to Turkish tax authorities.
Buying property is one of the best options for those who want to obtain Turkish citizenship with the help of the investment program.
If you acquire real estate for at least $250,000 in Turkey, you would be eligible to obtain citizenship and become a Turkish national in this country. Turkish citizenship means that you can live in Turkey all the time.
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