As per the last amendment issued by the Turkish government in the year 2022 the amount of real estate investment for obtaining the Turkish citizenship was raised to be 400,000 $ and remained 500,000 $ through bank deposits.
According to the law, a foreign citizen who buys a property or a group of properties with total value of at least 400,000 US dollars can directly obtain Turkish citizenship, providing that the investor will pledge not to sell the property for three years.
Important conditions that must be adhered to:
Your application has been submitted.
Your application is sent to the population department.
Your application has been received by the population department.
Your application has been sent to the archive for revision.
Your application has been added to the collective list.
Your application has been added to the collective list to be signed by the President of Turkiye.
Your application has been sent to the President of the republic for signature.
The result of your citizenship application is at the population department.
Head to the population department for receiving your citizenship approval.
Since the most recent revision on June 13th, 2022, an individual must invest at least USD 400,000 in real estate to qualify for the Turkish citizenship by investment program. It’s important to note that the exact amount may vary depending on the chosen investment route.
The Turkish government has delineated several investment routes for those pursuing Turkish citizenship by investment, namely:
It’s worth noting that, in practice, the real estate and bank deposit avenues are the predominant choices among investors.
The pathway to acquiring Turkish citizenship by investment generally encompasses the following stages:
The duration to attain Turkish citizenship by investment can fluctuate depending on the nature of the investment, the comprehensiveness of the application, and the current caseload of the governing authorities. While individual experiences may differ, it is generally observed that the entire process takes approximately 12 to 14 months to conclude.
Yes, family members can be integrated into the Turkish citizenship by investment application. This encompasses spouses and dependent children below the age of 18 or 21 for some countries like Egypt. To ensure their inclusion, applicants must furnish evidence of familial relationships and any other requisite documentation.
For those seeking Turkish citizenship by investment, as of August 2023, there is no mandated residency duration in Turkey. Applicants can conveniently initiate the process from abroad by granting a Power of Attorney to a lawyer or consultant. Indeed, one can procure citizenship without ever setting foot in Turkey.
Upon the transfer of the title deed to a prospective Turkish citizenship by investment applicant, an encumbrance is placed on the property, signifying a restriction. This denotes that the property cannot be sold for a duration of three years following the date of the title deed transfer.
Holding Turkish citizenship, especially for investors, grants a plethora of benefits and privileges, as outlined below:
As of August 2023, candidates pursuing Turkish citizenship through the investment route are not subjected to any language proficiency standards or examinations.
Absolutely, Turkey recognizes and permits dual citizenship. As such, individuals can simultaneously hold both Turkish and their existing nationalities. However, it’s prudent for applicants to consult the specific regulations of their home countries regarding dual citizenship, as policies can vary from one nation to another.
To circumvent potential hurdles and ensure a smooth application process, it’s highly recommended to seek the expertise of seasoned immigration attorneys. These professionals can guide applicants step-by-step, ensuring that all documentation is correctly prepared, compliant with regulations, and submitted in a timely manner.
Yes, channeling investments into a business or establishing a company in Turkey is a recognized route for the Turkish citizenship by investment program. As of August 2023, the criteria stipulate that if an applicant sets up a business in Turkey and employs a minimum of 50 Turkish nationals, they qualify for Turkish citizenship under this business-oriented investment avenue.
Acquiring Turkish citizenship by investment can introduce certain tax implications, which may vary based on the individual’s circumstances and the nature of the investment. It’s imperative for applicants to consult with tax experts in order to comprehensively understand and navigate the specific tax obligations associated with this citizenship route.
The General Directorate of Land Registry and Cadastre holds a pivotal role, especially when the Turkish citizenship by investment route chosen is grounded in real estate. Their responsibilities encompass:
In essence, they serve as the primary body validating the real estate investment’s authenticity and compliance with the Turkish citizenship by investment program.
While the primary mode of real estate investment for Turkish citizenship involves full ownership, there’s a provision for cases involving installment-based purchases:
In essence, as long as the requisite minimum amount for the citizenship application has been settled with the real estate project, the applicant can proceed with their Turkish citizenship by investment application, notwithstanding pending installments.
Absolutely, investors have the flexibility to:
For the Turkish citizenship by investment program, while real estate investment is a primary route, there are certain caveats to consider:
Given the intricacies and evolving nature of these regulations, it’s crucial for potential investors to:
For the Turkish citizenship by investment program:
However, it’s always prudent to ensure all transactions are compliant with both local and international financial regulations.
A leading real estate company that provides real estate consultancy and citizenship services with deep experience in the Turkish & UAE markets, with a wide range of all real estate projects in the two countries.
شركة عقارية رائدة في الامارات وتركيا تقدم الاستشارات العقارية وخدمات الحصول على الجنسية التركية بخبرة واسعة في السوقين التركي والإماراتي، نقدم لعملاؤنا مجموعة واسعة من أفضل المشاريع العقارية في البلدين.
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