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International

Furthermore, our professional sales consultants will be with you at every step of your real estate investment! By taking advantage of our extensive real estate portfolio, you will find the property of your dreams as soon as possible. You will both have a Turkish Turkish staying permit passport and get a lifetime rental guarantee as a property owner by purchasing a property with a minimum value of USD 250,000. If you wish, you can add value to your life as a citizen of the Republic of Turkey, or you can benefit from the rental income.

You may also have difficulty traveling as you may not be entitled to a passport from any country. Even if you are not stateless, you would still be required to obtain a visa to travel to the United States, or show that you are eligible for admission pursuant to the terms of the Visa Waiver Pilot Program . You could be barred from entering the United States if found ineligible for a visa or the VWPP, under certain circumstances. Nonetheless, renunciation of U.S. citizenship may not prevent a foreign country from deporting an individual back to the United States, in some non-citizen status. The turkish citizenship by Investment program was introduced by the government in 2018 and is focused on real estate investments.

Acquisition Of Turkish Citizenship By The Way Of Investment

It is high time to notice Turkey as an emerging market and regional leader. Turkey, among the fastest growing economies in the world, is one of the best places to establish or expand your business. With its thriving economy, geopolitical position, promising growth opportunities, the hard-working business community, and a young population, the country attracts foreign investors from all over the world. If the foreigners coming to Turkey will continue to stay upon expiration of their visas, they have to obtain residency permit by submitting application to related authorities.

AnEnglish-speaking attorneywill prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. Deposit a minimum of$500,000in a State investment instrument or state banks operating in Turkey. In order to obtain Turkey Passport, you’ll have to make the necessary investment but you won’t have to fulfill any travel or residency requirements. Turkey is one of the most culturally rich countries in Eastern Europe and West Asia. It offers exceptional landmarks, historical sites, and magnificent natural sceneries. The country’s central location, cultural proximity to the Arab culture, and one of a kind experience, are all key factors that drive tourists as well as investors to Turkey.

Acceptable Primary Id Documents

Investor will have to visit Turkey once during the process to complete the acquisition of . Akkas & Associates Law Firm is a globally recognized Turkey citizenship law firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkey citizenship law attorneys are prepared to handle real estate acquisitions to get Turkey citizenship. We also represent our clients throughout Turkey citizenship application process until they get their Turkish passport.

You need to be a legal resident at the time when you start the application process for your citizenship. So, you must obtain a residence permit after you’ve made your investment to be considered for a Turkish passport. After applicants have chosen the qualifying investment option, a residence permit application shall be made on the family’s behalf. The main applicant is then required to open a bank account in Turkey. Applicants are required to hold a valid residence permit at the time of citizenship application form. Nevertheless, permit holders can continue to live abroad as long as they wish.

Eligible investment options under the fast track citizenship / residency program with their monetary amounts are as follows. There is no declaration requirement in terms of foreign assets and income, nor are there any annual residency Turkish resident permit requirements. The amount of dollars or other foreign currency needed as one of the criteria to become a Turkish citizen were sharply reduced, according to revised regulations published in the Official Gazette on Wednesday.

Once the land registry procedures are complete, the foreign national may apply to the relevant administrations to claim the right of residence or citizenship by submitting the certificate of eligibility to be issued for the owner. ​​In Turkey, only trading companies established according to the laws of their respective countries and having legal personality may acquire real estate and limited rights in rem as foreign legal persons. Legal persons other than such trading companies (foundations, associations etc.), on the other hand, may not acquire real estate and may not have rights in rem. Turkish companies with foreign capital, on the other hand, should first file an application at the Provincial Directorate of Planning and Coordination at the local governor’s office where the real estate is located.

In this regard, the foreign investors must especially refrain from manipulative real estate price evaluation reports. All foreigners who are allowed to buy property in Turkey by Turkish law may apply for Turkish citizenship by investment. You should apply for a special residence permit to immovable property owners with your title deed regularly in these 5 years. You should not be abroad in Turkey for more than 12 months in this period. 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. Investors can immediately apply for citizenship once the residence permit is granted.

On the contrary their presence in our country will be illegal and if they are caught during the controls they will be deported, if they are not caught they will be charged with time bound entry restriction during their exit depending on the violation. Moreover they have to pay penalties during the exit for the violation occurred. There aren’t as many cons to Turkish citizenship as one might think. With the changes to the program making it more favorable for foreign investors, Turkey’s CBI program is one of the best out there at the moment. You don’t have to worry about your heirs not inheriting the real estate in the event of your death.

It takes about 2-4 months from the moment you buy real estate and transfer money to get Turkish citizenship. Total area of properties acquired by foreign real persons and independent and continuous limited real rights may not exceed ten percent (10%) of the surface area of the subject district of the private property. A foreign real person may acquire properties and restricted real rights of up to 30 hectares maximum. First of all, the country of the foreigner desirous of acquiring a property must be among the countries cleared by Turkey for property acquisition as specified in Article 35. Apply to the Land Registry Directorate with the documents required to start the sales procedures of the property.