Turkish citizenship through real estate investment 2023
There are many ways to obtain Turkish citizenship. In this article, we will know you how to obtain Turkish citizenship through real estate investment in Turkey
One of the most famous ways to obtain Turkish citizenship is real estate investment, as it does not take much time, unlike other methods that may take longer, and this is what prompted us in this article to highlight it and the conditions that must be available in the real estate to obtain it .. If you are curious about learning some details related to this topic, do not hesitate to follow up with us.
The conditions for applying for Turkish citizenship through real estate investment:
Before getting started, it must be noted that more than 40% of real estate buyers in Turkey, especially in Istanbul, aim to obtain Turkish citizenship and enter the field of real estate investment.
What are the conditions that must be met in a property to be suitable for obtaining citizenship?
The value of the property must not be less than 400,000 US dollars.
The property must not be sold before at least three years have passed.
The real estate appraisal document that determines the real value of the property must be extracted.
The value of the property must be paid through a bank in Turkey.
The property must not be purchased from a foreign citizen, as it must be a Turkish citizen or a Turkish construction company.
Verifying that the property has not been used previously in order to obtain it, and this is done by visiting the Land Registry Directorate.
An earthquake insurance policy must be obtained which returns to the property owner part of the damages that occur as a result of any earthquake or accident.
According to the recent amendments issued by the Turkish government in early 2023, if the real estate appraisal report was issued before the start of the sale process, there will be no possibility of using it to obtain citizenship.
- If the foreigner has a share in a property in Turkey, there will be no possibility to apply for Turkish citizenship even if the property is identical in terms of price, that is, the property must be owned by only one person.
- According to the recent amendments, the real estate that is still on the plan does not entitle its owner to obtain citizenship, so it must be at least under construction.
The 400,000 US dollars must be grouped in one sale contract according to the recent amendments, so it can no longer be distributed over several sales contracts.
The importance of obtaining Turkish citizenship:
Obtaining Turkish citizenship is an important step for those looking to join the vibrant and diverse Turkish culture as it grants many rights and opportunities, such as the right to vote, access to public services, and the ability to travel freely within the country.
With Turkish citizenship the access to education, employment, and job opportunities comes which may not be available in other countries, in addition, it gives its holders access to a range of social services, healthcare, and protection from any form of discrimination as Turkish citizenship also allows people to participate in cultural activities, such as festivals, art fairs and in general, obtaining Turkish citizenship can open up a world of new possibilities for those wishing to do so.
The duration of the process of obtaining Turkish citizenship:
The duration of the process of obtaining Turkish citizenship through real estate investment can vary depending on the circumstances of the individual and in general, the process can take from three to six months to complete, although some may find that it takes longer , the duration may change depending on the complexity of the application as it is important to ensure that all necessary documents are properly collected and submitted for a successful application.
The papers required to obtain Turkish citizenship:
In order to obtain Turkish citizenship through real estate investment, applicants must submit the following documents:
1) A valid passport and proof of residence.
2) A copy of the property purchase agreement and proof of payment.
3) An official document from the Land Registry Office confirming ownership of the property.
4) A tax payment certificate from the competent authority showing that all taxes related to the property have been paid in full.
5) A valid title deed issued by a notary.
6) Turkish citizenship application form with supporting documents.
7) A medical certificate confirming that the applicant is free from any infectious diseases.
Can Turkish citizenship be rejected?
Yes, Turkish citizenship can be rejected under certain circumstances and the Citizenship Law stipulates that applicants must meet certain criteria in order to obtain citizenship and if the applicant fails to meet these criteria, he may be forbidden from obtaining it, in addition, the government may reject an application because of false or incorrect information in the application, or if the applicant has a criminal record.
Important information about obtaining citizenship through real estate investment
For those interested in obtaining Turkish citizenship through real estate investment, it should be noted that there are five nationalities that are still prohibited from owning real estate in it and were not covered by the law issued in 2012, which allowed different nationalities to own property in it .. What are these nationalities? Syria - Armenia - Cuba - North Korea - Greek Cyprus, for political reasons and old agreements that are still valid until this moment.
The dimensions of applying for citizenship by investing in real estate:
What can be said in this regard is that the buyer will not only obtain the citizenship, but also achieve another goal, which is starting his own real estate investment project, i.e. an opportunity to obtain a high profit in the event that it is rented and the capital increase when selling it after the lapse of the three years during which the law stipulates that the property should not be sold because real estate prices in general do not remain constant, rather, they are constantly increasing as a result of the great demand for them and the high population density, among others.
Obtaining Turkish citizenship with Kataliya property Company:
Kataliya property Company provides a comprehensive service for obtaining Turkish citizenship through real estate investment as our team of experienced professionals will guide you through the entire process, from selecting the best property to making the required investment and securing all the necessary documents.
We understand that this can be a complex and time-consuming process, so our goal is to make it as easy and straightforward as possible and with our experience and dedication to providing an exceptional customer experience, you can be confident that we will help you reach your goal in the most efficient way possible.