Currently, one of the most attractive ways to obtain Turkish citizenship is through investment. This route promises not only a convenient and speedy passport acquisition process but also a higher return on investment. 95% investors choose this option due to its high returns. Turkish real estate prices have increased 2.5-fold in six years, and rental income provides an additional income of 5 to 15% per year.
In this article, we'll explore all the benefits of the citizenship program and the requirements for obtaining a Turkish passport through real estate investment.
Obtaining Turkish citizenship by purchasing real estate
Turkey's citizenship by investment program offers the opportunity to obtain a Turkish passport through real estate investment. The minimum investment is $400,000.
The investor can purchase various types of real estate of his choice, with the exception of that which has already been used to obtain citizenship.
The program allows investors to own multiple properties with a combined value of over $400,000. Settlements are made in US dollars to ensure stability and protect investors' interests amid fluctuating exchange rates.
To sell real estate acquired to obtain Turkish citizenship, an investor must own it for at least three years. Currently, the owner can rent out the property to generate additional income.
The program prohibits the sale of the property to the previous owner to prevent violations. Failure to comply with these conditions may result in the loss of citizenship.
The investor's family, including the spouse and children under 18, may also receive citizenship. A second spouse and children may be added to the application along with the investor or joined later.
The cost of obtaining Turkish citizenship for a family of four through the real estate investment program is approximately US$419,488 (including the cost of the property, government fees, and citizenship program taxes).
The program does not require residency in Turkey before or after obtaining citizenship, and does not include mandatory language tests or military service.
To apply for citizenship, the investor and their family will need the relevant documents, followed by the process of purchasing real estate, obtaining a permanent residence permit, and submitting the citizenship application. The entire process takes up to 12 months on average.
Conditions for the applicant and required documents
To obtain Turkish citizenship, an investor must be over 18 years of age, have no criminal record or legal problems, have official sources of income, a positive visa history, and be free of infectious diseases that could pose a threat to society.
Documents required to apply for Turkish citizenship by investment include:
- passport
- birth certificate
— marriage certificate/certificate of marital status
— 4 biometric photographs for each family member
— Residence permit or valid visa to Turkey;
- a copy of the Turkish identity card and the relative's address
Financial documents include:
- a certificate of income
— confirmation of financial investments
- a receipt for payment of the state fee.
In addition, birth certificates and criminal record certificates are required for all family members included in the application.
Benefits of the investment program
Investing in real estate offers an attractive opportunity to acquire affordable housing that not only increases in value over time but also provides a stable passive income.
What is particularly attractive is that funds invested in real estate can be returned 3 years after receiving citizenship and a passport.
The program also differs in that it does not impose strict requirements on the investor’s gender or qualifications.
Additionally, the program offers the option to complete the immigration process remotely, making it more convenient and accessible for investors from around the world. Passports can be obtained in just 3-6 months after application, providing a fast and efficient path to Turkish citizenship.
What are the benefits of Turkish citizenship?
Obtaining Turkish citizenship provides a number of privileges and opportunities.
Turkey attracts visitors with its welcoming atmosphere, rich culture and history, and affordable cost of living compared to Western countries. Turkish citizens can reside and work in the country without restrictions and can also exercise their right to a second citizenship without renouncing their original citizenship. You also won't have to declare your income.
A Turkish passport offers visa-free entry to over 110 countries, ensuring freedom of movement and simplifying travel. An E-2 business visa is available for business travelers, allowing them to work in the United States, opening up new opportunities for business development.
Citizens can immigrate to Turkey with their families under the investment program. Your children will receive free education, and your family will receive high-quality healthcare. Medical services are available at relatively low prices, while meeting European standards.
In addition, Türkiye offers high-quality education that meets international standards and a favorable business environment, including a convenient geographical location and simple company registration procedures.