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Sale Property Turkey provides real estate consultancy services during the whole sales process for foreign investors who want to buy houses in Turkey since 2014. Foreigners whose has an uninterrupted residence period in Turkey for 5 years with a special residence permit for property owners can acquire Turkish citizenship through a general application. Turkish citizenship by investment to the General Directorate of Population and Citizenship Affairs together with the residence permit and all of the documents you get before this stage. The certificate of conformity is obtained in order to certify that the investment made by the foreigner is in suitable conditions for acquiring citizenship. How and where the certificate of conformity should be obtained depends on the type of investment made or to be made by the foreigner.
In this regard, acquiring Turkish citizenship as an exceptional way by means of investment is discussed in our guidance in detail. Foreign investors have the possibility of setting up joint stock company, limited liability company and partnership. However, they may choose to take over shelf companies in order to avoid dealing with incorporation work. Turkish Citizenship new program by Real Estate Investment now is the best program comparing with all the world’s countries, if you calculated what you are investing and what you get in opposit of it.
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To add, you should be careful about giving a POA for only the powers that your attorney needs for a limited time. We strongly advise you not to issue a general POA that contains full authority. In September 2018, the Turkish President Recep Tayyip Erdogan issued a decision to grant Turkish citizenship to foreigners who acquire a property/real estate worth a minimum $250,000 in Turkey, with a title deed restriction on its resale for at least 3 years. Tax number is required for opening a bank account or during insurance procedures for foreigners as part of title deed purchase and sale transactions.
Applications for immovable property acquisitions made for the purpose of acquisition of Turkish citizenship by exception are also possible by proxy. However, it should be clearly stated in the power of attorney that such power for these actions are granted. Finally, a very risky mistake that is commonly made is not securing the payment method of the investment and proceeding with “handshake-based” deals.
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When customers want to buy a property from an under-construction project, they were losing the chance of getting citizenship because the real value of the property is not the value declared in the appraisal report as the project is not completed. The notarized property purchase commitment is enough when buying a property from the project under construction. In addition, the lack of donation requirements, which is the most basic criterion in all investment programmes, and the ability to sell the purchased real estate after 3 years are the other notable advantages.
According to the new regulations, Turkey intended to qualify for citizenship fixed capital amount was reduced to $ 2 million 500 thousand dollars. Citizenship applications requires careful and professional attention by specialized immigration lawyer who knows ins law firm turkey and outs of this process and who can represent clients vis-a-vis government authorities. We assist our clients to open an investment account at a bank in Turkey and find the most suitable USD Eurobonds issued by Turkish Treasury as we follow them weekly basis.
Which Nationalities Are Accepted For Turkish Passport?
A valid investor residence permit is required during your citizenship application process. Lawyers can carry out all bank account opening procedures with a power of attorney. In particular, we would like to state that; there is no authorization to withdraw money in this power of attorney.
The application will be made to General Directorate of Civil Registration and Nationality. It is surely easier to go through this process by an experienced lawyer. If the application is rejected, the reason will be given law firm istanbul with the application result. You can reapply and get the citizenship after measuring up the criteria. Turkish government does not have a system to inform your origin country stating you were granted Turkish nationality.
Turkey Citizenship By Investment
The Citizenship applicant cannot sell the property linked with the application for at least three years after the purchase date. (Any property other than the particular properties can be sold anytime.) Once the application is accepted by the official authorities the prohibition process starts. With the recent increase of Covid-19 cases in India, Turkish citizenship by investment program has now recently become very popular and attractive among Indian Citizens. Fulfilling one of the investment options enables Indian citizens to acquire Turkish Citizenship easily though documentation and the attestation of the documents will have to be evaluated carefully for Indian nationals. To facilitate the property investment for our Clients, we have set a special real estate department working internally with our firm. Once we start working for your citizenship case; our real estate tam will present you several new, luxurious, and high end approved properties available to proceed and in line with the Turkish Citizenship by Investment program rules.
The real estate to be sold or promised for sale must not be registered to the legal personality of the company, in which the foreign natural person is a shareholder or director. New regulations in Turkey offers foreign investors the opportunity to become citizens with a $250,000 investment in a residential property or a $500,000 investment into a business. Citizenship by investment in Turkey is suitable for those who want to live permanently in the country, obtain an American E2 investor visa or have a “second string” in case of an emergency at home.
Official translations, apostilles, notary certifications, photos… It’s best to leave it all up to a certified professional. You also need to maintain the investment for a minimum of three years, which is very short in the CBI world. The good news is that you are not required to make your deposit in lira.
We provide specialized legal services to prominent local firms as well as to well-known corporations around the world. Trabzon Homes ® is a registered brand of Tekçe Overseas Gayrimenkul AŞ, which is an international overseas property company operating in several countries since 2004. Founded in 2018 in Istanbul, PSL Law provides comprehensive and qualified legal consulting attorneyship services to local and foreign clients both in national and international fields of law.