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How To Get Turkish Citizenship?

The citizenship application can be submitted during the ownership transfer or after, stating that the real-estate has been purchased in the purpose of obtaining the citizenship and undertaking that it will not bee resold for at least three years. The Turkish Government has reduced the minimum amount to be invested in real-estate required to obtain the Turkish citizenship to be 250,000 USD instead of a million, provided not to be resold for at least 3 years. In addition, the Turkish government amendment included under construction real-estate to be eligible for citizenship application. Thanks to the investor citizenship programs that we frequently encounter in recent years, many countries aim to attract new investors, contribute to employment and achieve economic value.

The property must be purchased from a Turkish real person or Turkish company established with Turkish capital. It will not be acceptable to buy properties purchased from foreigners. INYODA provides services to foreign nationals in every stage of the process of acquiring Turkish citizenship, especially by means owning real estate. With the recent changes in the legislation, Turkish Republic started to grant citizenship to the individuals who invest in Turkey without a mininum residence requirement. The citizenship opportunity has become even more attractive as the minimum investment figures have been further reduced in 2018 and the whole process is usually completed within 2- 3 months.

Why Obtain Turkish Citizenship With Ottoman Investment Group?

The procedure starts with a free consultation about the details of the investment program. Once the investment decision is taken, we sign an Engagement Letter and share our template Power of Attorney for the investor to be issued inside Turkey or in the Turkish Consulate where the investor lives. Due diligence procedure regarding the chosen investment option will follow the issuance of power of attorney. Our lawyers will provide a report regarding the appropriateness of the chosen investment whether it is property or other types of investment. Then, investment is made and the Turkish citizenship application procedure shall start with applying to a residence permit. Upon the completion of residence permit, Turkish citizenship application is submitted for the Investor and the eligible family members.

VAT exemptions for property owners who buy a Turkish property but do not live in Turkey, on a condition that they pay for the property with foreign currency. Home buyers must also hold the property for 12 months after purchase and 3 years in case of citizenship. The Turkish lira has fallen by over 30% since the lira crisis began last year, making property prices cheaper and affordable, probably the best time to invest in turkish real estate market. The residence permit and citizenship applications can be submitted together at private/common offices. The Turkish Citizenship by Investment scheme was officially launched after the new regulations published in the Official Gazette on September 18, 2018.

Steps For Obtaining Turkish Citizenship

To obtain a passport, investors most often buy real estate for $250,000 or more. Turkish citizenship application results are determined within 3-4 months after the title deed transfer if the documents are complete. We perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship.

If the President decides positively on the acquisition of citizenship, the foreign investor will now acquire Turkish citizenship. • Due to its rapidly growing economy and young population, qualified workforce, geographical and geopolitical position, liberal investment environment and free trade, Turkey has been one of the most preferred countries by foreign investors in recent years. The date of title deed acquirement must be after 19 September 2018, the date of the latest regulation announcement. Yes, with the recent amendment to the law, you can now acquire citizenship with an off-plan project in condition to provide a notarized contract. The valuation report must show that the property is worth more than 250,000 USD.

You will also have invaluable privileges such as being a citizen of a country that has a history of thousands of years and is respected by everyone and you feel safe and secure. Neither Space Istanbul Real Estate, nor the property owner doesn’t accept any legal responsibility for the contents of this website. A viewing tour of BelleReaL Turk begins with a meeting in one of our offices and discussing suitable options Turkish staying permit for viewing. At the request of the client, our real estate agent can pick you up from the hotel or other places where you stay. After holding your investment for 3 years., you can cash out your investment and repatriate the funds along with its proceeds (i.e. rental income, interest etc.) free of exchange control restrictions. We can advise on new company and business formations in Turkey and related matters.

Allows dual citizenship indeed who have a Turkish passport, they can also have dual citizenship. Turkish passport has a 10-year validity, and it is renewable for a lifetime. There are many advantages Turkish resident permit of applying for citizenship by investment with AKD Invest. AKD Invest is the leading real estate company in Turkey in terms of property sales to overseas investors with experience since 2012.

I Am Not A Citizen Of Any Country Stateless, Stateless How Can I Be A Turkish Citizen?

The rise in house prices in the country usually ranges from 5 to 20% per year. The real rise in prices, taking into account high inflation, is more modest – from 2 to 6.5% per annum. Anyone who wants to be a Turkish citizen can apply for Turkish citizenship if they meet the investment conditions.

If you would like to purchase real property in Turkey that will make you qualified to apply for citizenship of the country, we can help you make the best choice. If you would like to go into business in the country, we can assist with that too. We will be happy to lead you through all stages of the application process providing all the necessary support. In 2018, the Turkish government cut the investment amount significantly to make the program more competitive.

All other nationalities are allowed to have property by Turkish law and apply. If you are not able to come to Turkey for the process, with your given power of attorney we can begin and end up the process for you all under your name, without your physical appearance in here. Although not officially, there may be specialization branches in the legal profession. In other words, when the lawyer of citizenship law is mentioned, lawyers working in the field of citizenship law, who have mastered the laws and principles related to citizenship law come to mind.

Being a Turkish citizen brings many benefits both for investors and their families in terms of social life, financial opportunities and easy travel. Turkey guarantees the welfare and future of them with free healthcare and education services provided to its citizens. 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.

Other Details Of The Turkish Cbi Program

The processing of citizenship application takes approximately 3-4 months as of writing this article. That being said, efforts are in place to reduce the processing to days. Once the citizenship application has been lodged, the applicant’s information is investigated by the national security units including the police department and the national intelligence organization by way of conducting a research in their archive records. If the outcome of the archive research proves that the applicant poses no threat to national security or public order, the application file is approved and the citizenship is granted by the Presidency.

However, in case of shifting the amount to another investment type, such process should be instantaneous and there should not be any interruption for three years period. Otherwise, the BRSA shall promptly inform the Ministry of Internal Affairs regarding such interruption. This “Regulation” is not applicable to Syrians, because Syrians and number of other Turkish resident permit countries are not allowed to possess/own property in Turkey due to old decisions concern both countries. And in case a Syrian own areal state through establishing a company in Turkey and he registered this real state for the company, then it is also not in the scope of this “Regulation” because of the nationality law concern individuals, not companies.