Having Turkish Citizenship With A Real Estate Investment Of At Least 250,000 Usd
Government bonds are one of the methods of government borrowing instruments. These securities are issued by the Turkish Treasury in the domestic market. The government produces these bonds in exchange for their borrowing. The government pays its debt to the bearer of the government bond with interest on coupon payment days and at the end of maturity. In the process that starts with borrowing and ends with payment, real and legal persons trade the bond in secondary markets.
The most popular option to obtain Turkish investment citizenship is to buy a property. Unlike some of these programs, foreigners do not need to obtain permits to buy real estate. Yes, your family is entitled to the citizenship rights that you will benefit from within the scope of your application. In this context, you, your wife/husband and all children under 18 may be Turkish citizens.
Turkey Business Setup
The availability of young qualified personnel and the strategic geographical position of the country make it a perfect platform where you can start or develop a business. The state body that the candidate for citizenship has applied to will consider the application. The bonds shall remain in the foreign investor’s possession for three years. Establishment of a business company in Turkey that will create at least 50 jobs for Turkish residents. Investment of at least US$ 500,000 into the charter capital of a Turkish-based company that is approved for this purpose by the Ministry of Industry and Economy.
Later on, they can collect the Republic of Turkey ID card and passports from the relevant authorities. After obtaining valid health insurance, the residence permit application phase can be started. The application for a residence permit is made online primarily. The payments of the necessary fees determined by the Provincial Immigration Administration are completed and then the documents are delivered to the Provincial Directorate of Immigration Administration. Unlike a Normal residence permit application, with this type of residence permit, the residence permit process is completed without the need for the main applicant to enter Turkey.
New Turkish Citizenship Rules Encourage Foreign Investment
If you have bought your property before September 19th, 2018 and the value of your property exceeds USD 1 million you have the right to apply. Any questions you have will be answered by our lawyers or one of our immigration experts who will assist you throughout the whole process. You would not be required to stay in Turkey for a minimum amount of days throughout the year. This sector is internationally known as “Investment Migration”. The investment part comes first followed by the more complex migration aspect. Beware of bad actors who are only interested in your investment and abandon you when it comes to the migration process.
As well as helping and supporting our customers at every stage of the buying process, we offer a comprehensive after-sales service to help you settle in and keep your new home in tip-top condition. When you choose to invest in Turkish real estate with BelleReaL Turk, the process will be smooth and easy. “Within the 20th Article of the Regulation on the Implementation of the Turkish Citizenship Law, there is a commitment not to be sold within three years from the date of acquisition”. This is another very attractive option of Turkey citizenship by investment program.
Investing in Turkish citizenship is a venture that will benefit you and all your future generations perpetually. The whole procedure takes from 3-6 months, requires minimal documentation, and investors are allowed to add their spouse and children below 18 to the application. Properties subject to sale/promise to sell contracts for citizenship application can only be purchased from Turkish citizen/companies. Additionally, you can buy commercial properties, as another choice than the real estate, and rent your investment. Regardless of the quantity, by achieving the 250,000 USD worth requirement, you can apply and start the process. You can create various options in any province of Turkey via having an official appraisal for each property.
By investing such amounts in Turkey, you can become a citizen of Turkey shortly within 3 months only after completion of investment. You do not have to live in Turkey continuously for a certain period in order to qualify for citizenship. As soon as you get a residence permit, you can continue to live abroad and apply for citizenship.
Yes, Turkish law allows dual or multiple citizenships when you become a Turkish citizen. You must check with the consulate of your original nationality, some countries do not allow to have dual citizenship or have some other restrictions. As of September 2018, some of the regulations have been work permit turkey changed. The Republic of Turkey grants now the citizenship to foreigners who purchase a real estate in Turkey in a value of at least $250,000 instead of previous $1 million. Summer Home Real Estate will help you with all the procedures needed for obtaining Turkish citizenship by investment.
Your application is approved you and your 1st degree family members without any waiting period residence permit is issued. All the documents sought in the case of the citizenship application process is expected to be completed within 90 days. Additionally, shall you property purchase through our company, we will make sure this process is as smooth as possible with every step of the way as part of our free after sales services. Your children need to apply for Turkish citizenship after you receive your citizenship approval. Since you are the owner of the property, your children should apply through your citizenship application.
An Overview Of The Citizenship By Investment Program In Turkey
To benefit from this generalization, a report should be prepared according to the valuation criteria by a real estate appraiser Legal, approved by the Turkish Capital Markets Authority, to show the market value of the property. Home World Alanya points out that professional guidance is a key factor when you give a POA, and so you should “leave the job to its experts”. Home World Alanya has its own POA template that contains only the required powers for buying a property in Turkey.
There is no requirement for investor or the eligible family member to stay in Turkey at all either during any part of the application procedure or following the citizenship is obtained. Investor must provide his/her passport, civil registry record and marriage certificate. The notarized translation of such documents in Turkey shall be made by our firm.