In recent years, Turkey has become one of the most attractive countries in terms of both quality of life and investment opportunities. Especially the "citizenship with investment" opportunity offered to foreign investors makes Turkey even more attractive in terms of real estate investment. USD 400,000 and above real estate investment in foreign investors are granted the right to citizenship, which increases the interest in the country day by day. So, how does this process work? Let's examine it step by step.
What is the Citizenship by Investment Program in Turkey?
In 2018, the Republic of Turkey introduced a regulation that recognizes the right to acquire citizenship through the purchase of real estate in order to encourage foreign investors. Under this regulation, foreign investors who purchase real estate worth at least USD 400,000 can apply for Turkish citizenship. There is also a condition that the purchased property cannot be sold for 3 years.
Real Estate Selection and Purchase Process
The first and most important step in the citizenship application process is to select a suitable property. This property must have a valuation report approved by the Ministry of Environment, Urbanization and Climate Change. At the same time, the title deed of the property must belong to the applicant and the sale must have been made in foreign currency through a bank.
In Turkey, especially big cities such as Istanbul, Ankara, Antalya and Izmir are the first choice of investors. As Boutique Homes Turkey ongoing projects category, we bring you ideal options for both living and investment.
Documents Required for Citizenship Application
The following documents are required to apply for citizenship after investment:
- Passport (notarized Turkish translation)
- Title deed
- Real estate valuation report
- Bank receipt
- 4 biometric photographs
- Proof of residence
- Criminal record (apostilled)
These documents are of great importance for the complete and fast finalization of the application.
Application Process and Timing
The application process consists of three main stages:
- Title deed and registration of investment
- Residence permit application
- Citizenship application
After investing, a residence permit is obtained and then a citizenship application is submitted through the Migration Management. This process can take an average of 3 to 6 months to complete. Getting professional support is a great advantage in terms of making the process healthier and faster. As Boutique Homes Turkey, Our Services we manage this process for you from start to finish.
Can Family Members Also Obtain Citizenship?
Yes, in addition to the investor, his/her spouse and children under the age of 18 can also obtain citizenship under this program. There is no need to make a separate investment for this; all family members can apply with a single investment.
Advantages of Citizenship by Investment
- Having a Turkish passport
- Right to work and reside freely in Turkey
- Ability to benefit from public services
- Ease of travel to countries with visa exemption
- Opportunity to live in a safe investment environment
In addition to these, many social advantages such as the quality of life, health and education system that Turkey offers are also attractive for investors.
Simplify the Process with Professional Support
The process of citizenship by investment is much safer and stress-free with the right guidance and expert consultancy. As Boutique Homes Turkey, we are with you every step of the way from pre-application to title deed, from residence permit to citizenship process. For your questions and detailed information contact us.
ConclusionGaining citizenship through real estate investment in Turkey offers great opportunities in both financial and personal terms. With the right choice of real estate and expert support, you can easily complete this process and open the doors to a new life in Turkey.
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