Application Procedure;

Top 20 Questions About Turkish Citizenship
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How To Obtain Turkish Citizenship » Properties For Sale In Turkey

Until recently, one of the advantages of Turkish citizenship was the opportunity to move the whole family to the UK on a business visa in one to two months. No investment was needed – capital transfer or opening of a business was enough. After moving Turkish staying permit to the Turkish Businessperson Visa, you could apply for permanent residence in the UK and citizenship of the country. Turkish citizenship entitles you to permanently reside in the country and apply for an E2 business visa to the United States.

It is not controlled by the Banking Regulation and Supervision Agency by whom $500,000 or equivalent foreign currency or Turkish lira, is sent to the main applicant’s bank account in Turkey, from which country it is sent, and from what account it comes from. The main issue here is whether the amount in question is in work permit turkey the account of the Main Applicant on the date of the request for determination. In addition, as long as the investment amount meets $500,000, the Main Applicant is free to keep the investment in his bank account in any currency he wishes, at any rate. For example; investment will be made like $250,000 and €250,000.

The Pros Of Turkish Citizenship

Reducing the deposit requirement in Turkish banks from 3 million US dollars to 500 thousand US dollars. Buying a property in Turkey from a Turkish citizen or from a Turkish company. Issuance of the decision of granting the Turkish citizenship to you as well as your family. The renewal process is simple and the passport can be renewed without undue burden.
Turkish citizenship 250.000 USD
A real estate value assessment report which shows the real value of the real estate shall be required for purchasing a real estate investment. New regime has brought the option to purchase real estate in installments provided that a real estate property should be purchased after September 19, 2018 and each installment should be made after September 19, 2018. The amounts paid as an installment before September 19, 2018 shall not be taken into consideration. The foreign currency amounts of the installments shall be determined based on the currency exchange rate of the Turkish Central Bank at the date of transactions regarding purchasing a real estate.

Get Turkish Citizenship And Enjoy Its Benefits

After that, the property will be reserved for a period of three years, in order not to sell it and in order to obtain Turkish citizenship. The property habitation license must be granted and the title deed should be ready. The value of the property must be at least 250K USD in the valuation report. Buy the property by using bank transfer and get a receipt of the transaction. You do not have to wait 3 years to apply for the citizenship, because one of the conditions stipulated in the “Regulation” is to buy a real state in Turkey and annotating a sale ban in the land registry. And this is why adding the annotation of sale ban for 3 years in the real estate registry fulfills the legal requirements.

With the power of attorney, bank account opening, real estate acquisition, residence permit application and Turkish citizenship application can be made without the need for the main applicant and his/her family to be in Turkey. All the processes of real estate acquisition, bank account opening, residence permit application and citizenship application are carried out by lawyers authorized by the main applicant and his wife with the power of attorney. Efforts to lure foreign investment have reached to a new level with the launch of citizenship by investment program in January 2017. The program offers a variety of investment vehicles to choose from, including real property, bank deposit, sovereign bonds, real estate investment funds and venture capital funds . The last decision about foreign investors acquiring the right to Turkish citizenship was made in 2018. According to this, the process has been further facilitated by reducing the amount of investment that foreign investors must make in order to gain citizenship from $1,000,000 to $250,000.

Can Two Buyers Purchase One Property And Apply For Citizenship?

There is other official paperwork that will be prepared by your lawyer and will attached with the application file. Turkey is positioned 95% in Asia and 5% in Europe in land area. It is important to understand Turkey is not a EU member state and not a member of Schengen area, but participates in the EU customs union. Turkey has been an applicant to accede to the EU since 1987, but since 2016 accession negotiations have stalled. The followers of Iraq were Iran with 469 house sales, Russia with 212 house sales, Kuwait with 159 house sales and Germany with 149 house sales.

Besides you will get paid back in Turkish Liras even if you have the payment in other currencies. In normal cases developers will have one price list which is same for Turkish people and foreigners. This is important for keeping a good reputation also for the developers. If your first wife gets Turkish citizenship, then the second wife becomes eligible to apply. • Applicant’s spouse and children who are less than 18 years old will also be granted Turkish Citizenship.

Historically speaking, real estate in Istanbul doubles its value within 5-10 years. So if you’re looking to buy, rent, and hold for the long-term, this is the perfect option to gain another passport. There is no pre-approval staying permit turkey of properties as you’d get with other CBI programs where the real estate is usually overvalued. Some of this overpriced inventory was sold to people from the Middle East who had a lot of wealth but mediocre passports.
Turkish citizenship 250.000 USD
Only one person can apply for Turkish citizenship, his/her spouse and dependents are also eligible with this application. Turkish law does not recognize same-sex marriages, polygamy and other types of partnerships. So a spouse should be a person of opposite sex and the couple should be legally married.

Turkish citizenship provides full medical rights, free education and university reimbursement plans. Moreover, you will benefit from Pension Programs as the Turkish citizen and have rights to all kinds of elections. Your wife/husband and children under 18 years old can get citizenship together with you at the same time. When you apply for citizenship, you do not have to declare your assets or income that you currently have in other countries.
Turkish citizenship 250.000 USD
A foreign national natural person can purchase a maximum of 30 hectares of immovable property throughout the country and acquire limited in rem rights. As outlined above foreigners shall reside in Turkey legally for longer than five years to become eligible for Turkish citizenship applications. Alternatively, foreigners who reside in Turkey for longer than eight years also become eligible to obtain an indefinite term residence permit if they do not wish to switch to Turkish citizenship. Such valid longer term stay in Turkey could be achieved with different methods. Generally, it takes 3-4 months to get a Turkish citizenship application accepted. Once your application is accepted, you can apply for Turkish ID card and passport and get your fingerprints at Turkish Embassy in your country, you don’t have to come to Turkey at all.

1- First of all, a real estate must be purchased for over 250,000 USD where flat ownership-construction servitude applies. We’re a professional real estate agent and property developer, offering property in Istanbul and in other places in Turkey. If one of these conditions is met, an application can be made in accordance with the law in order to gain Turkish Citizenship. Our company, which provides consultancy services for application procedures, is with you so as not to be overwhelmed in the details of the legislation.

Yes, but you have to wait at least 3 years before you sell your property. You must write an official promise in the title deed stating that you commit not to buy the property before 3 years. The foreign buyer’s spouse and children under the age of 18 will acquire Turkish Citizenship automatically once the main applicant in the family becomes Turkish Citizen.

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