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Currently, one of the most attractive ways to acquire Turkish citizenship is to obtain it through investment. This way promises not only convenience and efficiency of the process of obtaining a passport, but also a great return on investment. 95% of investors choose this option because of the high returns. Turkish real estate prices have increased 2.5 times in 6 years, and renting out gives an additional income of 5 to 15% per annum.
In this article we will consider all the benefits of the citizenship program and the conditions for obtaining a Turkish passport through investment in real estate.
Obtaining Turkish citizenship for the purchase of real estate
The program of investment citizenship of Turkey opens the possibility of obtaining a passport of the country by investing in real estate. The minimum investment amount is 400,000 US dollars.
The investor can purchase different types of real estate of his choice, except for the one that has already been used to obtain citizenship.
The program allows the investor to own several properties with a total value of more than USD 400,000. Settlements are made in U.S. dollars to ensure stability and protect investors' interests in the face of currency volatility.
To sell real estate purchased for Turkish citizenship, the investor must own it for at least three years. During this time, the owner can rent out the property and earn additional income.
The program prohibits the sale of the object to the former owner to avoid violations. Failure to fulfill these conditions can be a reason for deprivation of citizenship.
The investor's family, including spouse and children under 18, can also receive citizenship. A second spouse and children can be added to the application together with the investor or joined the program later.
The cost of obtaining Turkish citizenship for a family of four through the real estate investment program is approximately $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 citizenship, nor does it include mandatory language tests or military service.
To apply for citizenship, the investor and his family will need the appropriate documents, followed by the process of purchasing real estate, obtaining a residence permit and applying for citizenship. The whole process takes up to 12 months on average.
Conditions for the applicant and required documents
To obtain Turkish citizenship, the 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 no infectious diseases that may pose a threat to society.
Documents required to apply for Turkish citizenship through 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;
- copy of Turkish ID card and address of the relative
Financial documents include:
- income certificate
- proof of financial investment
- 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 is an attractive opportunity to purchase affordable housing that not only increases in value over time, but also provides a stable passive income.
Especially attractive is the fact that funds invested in real estate can be returned in 3 years after obtaining citizenship and a passport.
The program is also distinguished by the absence of strict requirements to the gender and qualifications of the investor.
Additionally, the program offers the possibility of passing the immigration procedure remotely, which makes it more convenient and accessible to investors from all over the world. And the passport can be obtained in just 3-6 months after application, which provides a quick and efficient path to Turkish citizenship.
What does Turkish citizenship provide?
Obtaining Turkish citizenship provides a number of privileges and opportunities.
Turkey attracts with its hospitable atmosphere, rich culture and history, and affordable cost of living compared to Western countries. Holders of Turkish citizenship are able to live and work freely in the country without restrictions, as well as enjoy the right to a second citizenship without renouncing their original affiliation. You will also not have to declare your income.
Turkish passport includes visa-free entry to more than 110 countries around the world, which provides freedom of movement and simplifies travel. An E-2 business visa is available for businessmen, allowing them to work in the U.S., which opens up new prospects for business development.
Citizens have the opportunity to emigrate to Turkey with their family under the investment program. Your children will receive free education and your family will receive quality medical care. Medical services here are available at relatively low prices, while meeting European standards.
In addition, Turkey offers high quality education of international standards and favorable conditions for business, including a convenient geographical location and simple company registration procedures.
In this article we will consider all the benefits of the citizenship program and the conditions for obtaining a Turkish passport through investment in real estate.
Obtaining Turkish citizenship for the purchase of real estate
The program of investment citizenship of Turkey opens the possibility of obtaining a passport of the country by investing in real estate. The minimum investment amount is 400,000 US dollars.
The investor can purchase different types of real estate of his choice, except for the one that has already been used to obtain citizenship.
The program allows the investor to own several properties with a total value of more than USD 400,000. Settlements are made in U.S. dollars to ensure stability and protect investors' interests in the face of currency volatility.
To sell real estate purchased for Turkish citizenship, the investor must own it for at least three years. During this time, the owner can rent out the property and earn additional income.
The program prohibits the sale of the object to the former owner to avoid violations. Failure to fulfill these conditions can be a reason for deprivation of citizenship.
The investor's family, including spouse and children under 18, can also receive citizenship. A second spouse and children can be added to the application together with the investor or joined the program later.
The cost of obtaining Turkish citizenship for a family of four through the real estate investment program is approximately $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 citizenship, nor does it include mandatory language tests or military service.
To apply for citizenship, the investor and his family will need the appropriate documents, followed by the process of purchasing real estate, obtaining a residence permit and applying for citizenship. The whole process takes up to 12 months on average.
Conditions for the applicant and required documents
To obtain Turkish citizenship, the 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 no infectious diseases that may pose a threat to society.
Documents required to apply for Turkish citizenship through 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;
- copy of Turkish ID card and address of the relative
Financial documents include:
- income certificate
- proof of financial investment
- 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 is an attractive opportunity to purchase affordable housing that not only increases in value over time, but also provides a stable passive income.
Especially attractive is the fact that funds invested in real estate can be returned in 3 years after obtaining citizenship and a passport.
The program is also distinguished by the absence of strict requirements to the gender and qualifications of the investor.
Additionally, the program offers the possibility of passing the immigration procedure remotely, which makes it more convenient and accessible to investors from all over the world. And the passport can be obtained in just 3-6 months after application, which provides a quick and efficient path to Turkish citizenship.
What does Turkish citizenship provide?
Obtaining Turkish citizenship provides a number of privileges and opportunities.
Turkey attracts with its hospitable atmosphere, rich culture and history, and affordable cost of living compared to Western countries. Holders of Turkish citizenship are able to live and work freely in the country without restrictions, as well as enjoy the right to a second citizenship without renouncing their original affiliation. You will also not have to declare your income.
Turkish passport includes visa-free entry to more than 110 countries around the world, which provides freedom of movement and simplifies travel. An E-2 business visa is available for businessmen, allowing them to work in the U.S., which opens up new prospects for business development.
Citizens have the opportunity to emigrate to Turkey with their family under the investment program. Your children will receive free education and your family will receive quality medical care. Medical services here are available at relatively low prices, while meeting European standards.
In addition, Turkey offers high quality education of international standards and favorable conditions for business, including a convenient geographical location and simple company registration procedures.
Turkish passport through real estate: conditions and advantages of the citizenship by investment program
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