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Guidance For Acquisition Of Turkish Citizenship By The Way Of Investment

We understand that buying a property in Turkey is a big lifestyle decision and we want our customers to feel comfortable with their choice. There is still no statements as to those who own property in Turkey worth $250,000 and above before the issuance of this decision and whether they are entitled to the Turkish citizenship or not. Based on the value in the immovable valuation report that shows the market value, the value of immovable/immovables in US dollars is calculated on the effective selling rate of the Central Bank of Turkey at the date of transaction. You can review a Webinar in which our CEO, Güvenç Ketenci and Angie Rupert of California based Rupert law firm discussed the whole procedure of applying to US E2 Visa after obtaining Turkish Citizenship by investment in our youtube channel.

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. The property subject to sale or promise to sell agreement must not be registered in the name of a company in which the foreign investor or his/her spouse or his/her children is a shareholder or manager. The said property also must not be registered in the name of a foreign capital company where there is a foreign person shareholder of the same nationality with the foreign investor. In 2012, the right to acquire citizenship was granted to the citizens of foreign countries after the right to purchase real estate. In this context, citizens of all countries can purchase real estate.

What Is Real Estate Appraısal For Dırect Turkısh Cıtızenshıp Applıcatıon For The Foreıgners?

This is a simple visa that allows you to reside and work in the US by setting up a business on American shores, and it allows you to sponsor your spouse and children below 21 to come with you. The Turkey Citizenship-by-Investment Program was launched in January 2017 to attract foreign direct investment to and boost growth in the country’s real estate sector. The program allows applicants to choose from a number of different types of economic contributions to Turkish society, thereby developing the country’s economy. Some edits to the Official Gazette No. 106 published in the latest issue of the decision to switch to Turkey with foreign citizenship were changed.

Citizenship acquired by birth takes effect from the moment of birth. As MELARES Turkey Properties; with our reliable and expert citizenship lawyers, we ensure that your citizenship processes result in minimum cost and meticulousness. The owner of the property your going to buy should be a Turkish citizen. Turkish Lira) worth of deposits in banks operating in Turkey should be admitted. You can get support from our experienced team in all matters related to your real estate needs. Seeing that the authorities becoming more and more well-connected, companies need to be careful to navigate through the legal frame work.

Acquiring Of Turkish Citizenship In General

It is possible to make application for citizenship with the Real Estate Preliminary Sales Contract to be signed. It is possible to say that the basic basis of citizenship law is national law. In the matter of immigration law, it is also referred to national law.

You can get real estate consultancy by the professional team of Projescope. Thus, by choosing the most suitable property fitting your standards, you can take the first step to your new life by choosing among branded residential projects which are continuously developed in Turkey. Turkish citizenship by direct real estate investment, requirements of eligibility and application steps for citizenship are quite easy in Turkey.You can get real estate consultancy by the professional team of Projescope. Any foreigner has a formal residency permission and buys a real estate with a minimum value of USD provided that there is an annotation of sale ban for 3 years on the property deed will have the right to apply for the Turkish citizenship. Any person purchase a real estate in Turkey with a minimum value of USD will obtain the Turkish citizenship with his family members , children age less than 18 years. The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017.

A real estate valuation report should be obtained from theCMB approvedcompanies regarding the purchased property. Applicants must obtain a residence permit during their application for citizenship. During such time, holders of residence permit may decide to live abroad as long as they desire. Following the title deed transactions, documentation of the title deed transactions and the valuation report shall be sent to the Land Registry and Cadastre Foreign Affairs and the “certificate of conformity” shall be obtained.

Real estates with lien or restrictions are not eligible for Turkish Citizenship. In particular, if we specify; real estate with mortgages, seizures and similar restrictions on it is not eligible to apply for Turkish citizenship. However, contracts that need to be signed are examined and all legal rights of the main applicant are protected.

Managing Legal Processes

Turkish citizens get the opportunity to receive treatment in the country’s clinics or study at universities for free. There are also no restrictions on the inheritance of real estate and assets. A comprehensive checklist will be given, and you will be supported through the process of collecting documents. Experienced immigration consultants will review all documents to ensure the requirements are met. Turkish passport grants visa-free access to over 115 countries from all over the world, such as Qatar, Japan, Argentina, South Africa, and Ukraine.

Our services include preparation, legal help and representation regarding the sale or purchase of a real estate property in Turkey. There are many smaller steps that make up the bigger step, such as obtaining a tax registration number. You must Turkish citizenship 250.000 USD also open a bank account if you want to purchase a property in Turkey. So, the citizenship by investment program was launched, perhaps as a way to sweeten the pot for the Middle Eastern nationals already looking to buy property or invest.

Start Investing In Real Estate Today

The company valuation report is requested from the authorized institutions regarding the determination of the market value of the purchased/owned company. The starting step is purchasing a real estate located in Turkey. After the expiration of the three-year period and according to the provisions of the new law, the ban on selling the property will be lifted by an application submitted by the owner, after verifying the record of the person who holds Turkish Citizenship. The tax is charged according to the property value stated in the valuation report.

The benefit is that there are no “pre-approved” properties as is the case with other CBI programs. The property market in Istanbul has historically performed very well, so you should be able to recoup your initial investment at the least, and could more likely turn law firm a decent profit. This can be in the form of a fixed capital deposit in a Turkish bank, an investment in Government bonds, or a real estate or venture capital investment fund. The capital investment can be made in a foreign currency and need not be in Turkish Lira.

Things To Know About The Turkish Citizenship Application Process

Of course you can still apply for citizenship all you need to do is send power of attorney to Spot Blue and we can handle it for you. This office checks the value of the property/properties shown on the Tapu is correct and the property is valued above 250,000 USD with sworn appraisers carrying this out. They check that all of the property value is paid by bank transfer to the sellers of the property.

Your child must be under 18 in order to benefit from citizenship coverage. However, if your child has a disability, you can obtain Turkish citizenship for him/her with the documents indicating that he/she is in need of care and other documents to be requested by the authorities. The Central Bank of the Republic of Turkey’s exchange rate must be taken into consideration when you make the application. The documents requested by the government institutions should be prepared in accordance with the legislation.

There is no limit to the number of properties that can be acquired through sale or which may be subject to the promise of sale. The important thing is that the real estate value totals sought on the dates specified in the Law are in compliance with the application for Turkish citizenship. + Commitment should be added to the land registry, related with the Real Estate Sales Promise Contract that issued in Notary shall not be transfer and deletion for 3 years. The transfer of the sales price can be made in foreign currency or in Turkish Lira through foreign banks or through the banks in our country. In this way, a citizenship file is issued to foreigners who want to obtain Turkish citizenship and who have the necessary conditions for application.

Investors participated in the program are endowed with full citizenship rights and responsibilities as if they earned Turkish citizenship by birth, including the right to vote and the right to be elected for public office. Once the investment has been properly made, the competent government authority issues a certificate verifying that the investment conditions have been met. Istanbul Homes ® is a registered brand of Tekçe Overseas Gayrimenkul AŞ, which is an international overseas property company operating in several countries since 2004. We guide our customers through the whole journey from finding their dream home to signing for their title deeds and settling in. In your Citizenship application, our company lawyers provide legal assistance during the whole process. You don’t have to reside full time in Turkey or live for a specific amount of time during each year in Turkey.