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Turkish citizenship by purchasing a property

Turkish citizenship by purchasing a property

Turkish citizenship by purchasing a property

After the legal amendments from the Turkish government, regarding the procedures for obtaining Turkish citizenship by buying a property or real estate investment…

Which was in the middle of 2022, as it stipulated “the possibility of obtaining Turkish citizenship through owning a property worth 400 thousand dollars.”

The most important conditions are:

1- The value of the property or the total amount of real estate purchased should be at least 400 thousand US dollars, or its equivalent in Turkish currency, according to the exchange rate at the time of sale.

2- The buyer of the property must be of one of the nationalities that fall under the nationality decision in return for owning a property.

Where the naturalization law in Turkey included all nationalities except for some nationalities such as: (North Korea, Syria, Cuba and Armenian nationality).

3- The buyer of the property is obligated not to sell it for a period of 3 years from the date of purchase.

4- Foreigners obtain a real estate appraisal report from a company specialized in real estate appraisal, provided that it is approved by the Turkish government.

5- Registering the property in Turkey legally in the Land Registry Department.

6- Paying the value of the property in Turkey via a bank transfer.

7- Purchasing the property from a Turkish person or a Turkish construction company.

What is the real estate evaluation to obtain Turkish citizenship by buying a property?

The real estate appraisal in Turkey is known as the “real estate appraisal document”, and it includes detailed information about the status of the property to be sold.

This is in terms of determining the price of the property in the market.

What are the conditions for obtaining a real estate appraisal?

Preparation of real estate appraisal by specific companies licensed to value real estate in Turkey.

There is a period of time ranging from approximately 3 days to a week to obtain the real estate appraisal report document after submitting the application to the company.

The real estate appraisal document is valid for 3 months from the date of issuance.

The stages of obtaining citizenship by buying a property in Turkey:

1- Buying the property with obtaining the appraisal and a letter of approval.

2- Obtaining the investor’s residency.

3- Submitting an application to obtain Turkish citizenship.

Documents required to obtain Turkish citizenship by buying a property in Turkey:

1- A copy of the passport, translated and certified by a notary in Turkey.

2- A copy of the passports of the wife and children of the married person, translated and certified by a notary in Turkey.

3- A family book or family statement document translated and certified by a notary in Turkey.

4- A clearance paper from the judgments and precedents for the investor and his wife separately.

5- 2 recent personal photos of all family members.

6- Title deed document – Tabu –

7- Real estate appraisal document in Turkey for real estate.

8- Receipts of amounts paid for real estate stamped by the bank.

9- Receipts of receipt by the seller of the property, or the “construction company” stamped by the bank.

10- All documents issued outside Turkey must be certified by the “Ministry of Foreign Affairs” in the country from which the document is issued, and by the Turkish representation in that country.

11- The application form for obtaining Turkish citizenship, indicating whether the investor applied for himself only or for his family with him.

12- Documents without judgment from inside Turkey for each of the applicants for Turkish citizenship.

What is the duration of obtaining Turkish citizenship by buying a property?

The stages of naturalization through the purchase of real estate in Turkey go through several stages, the most important of which is the security study stage:

The stage of the security study is the one that determines the decision to obtain Turkish citizenship or not.

However, the waiting period until these stages are fully completed, since the submission of the application, ranges from 3 to 5 months as a maximum.

Why is the method of obtaining Turkish citizenship by purchasing a property the best?

1- The temporary decline in the value of the Turkish lira; This led to a significant decline in real estate prices.

Which gave foreign investors opportunities for profitable real estate investment with obtaining Turkish citizenship as a result of these investments under Turkish laws.

2- Turkish law does not require the purchase of specific types of real estate, as a condition for obtaining citizenship through real estate investment,

Rather, it opened the way for various options that suit the needs of the investor, such as housing, lands, commercial buildings, and others.

3- The investor no longer needs to submit a title deed as a condition for deciding on the citizenship application through real estate investment.

The sale contract, resulting from the purchase of the property based on the engineering plan, or from the projects under construction, is sufficient.

4- The ease of granting the foreign investor’s family the right to obtain Turkish citizenship, but the only exception to this is the investor’s children over the age of 18.

 

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