Turkish citizenship by real estate investment
One of the most important issues in Turkey is the issue of obtaining Turkish citizenship by real estate investment. Many investors ask if they can obtain Turkish citizenship by real estate investment in Turkey.
Certainly, a foreign citizen can obtain Turkish citizenship by buying a property in Turkey, whether it is agricultural or architectural land, and whether the building is under construction or ready; If the property meets the conditions and criteria of Turkish citizenship as we will see in this article from Ebla Real Estate.
Table of contents:
- The law of obtaining Turkish citizenship in exchange for real estate.
- Conditions for obtaining Turkish citizenship by real estate investment.
- Real estate appraisal to apply for Turkish citizenship by real estate investment.
- Required documents to obtain Turkish nationality in exchange for real estate.
- The stages of obtaining Turkish citizenship in exchange for property.
- How long does it take to get Turkish citizenship after purchasing the property?
- Ebla real estate services for obtaining Turkish citizenship by real estate investment.
The law of obtaining Turkish citizenship in exchange for real estate:
According to the recent amendments to the Turkish Citizenship Law, a foreign citizen has the right to obtain Turkish citizenship in exchange for buying a property or a group of properties worth 400,000 US dollars; Provided that it is not sold for 3 years.
Conditions for obtaining Turkish citizenship by real estate investment:
- Turkish law allows foreigners to own real estate in Turkey, with the exception of citizens of 4 countries, Syria, Cuba, North Korea, and Armenia, in accordance with the law of reciprocity. Thus, the buyer must be one of the nationalities entitled to buy a property in Turkey.
- The investors should invest 400.000 $ or more in real estate in Turkey or its equivalent in foreign currencies.
- Moreover, the buyer must not sell the property for 3 years.
- Furthermore, the investors must obtain the real estate appraisal report from an approved real estate company in Turkey.
- Registering the property officially in the Title Deed Department (the Land Registry).
- Additionally, the specified value of the property must be paid by bank transfer.
- In addition, the investor should purchase of property from a Turkish national or a Turkish construction company.
Real estate appraisal to apply for Turkish citizenship by real estate investment:
It is a document that includes all the important information related to the property, such as the area, location of the property and others.
How to obtain the real estate valuation document?
It is prepared by certain licensed companies specialized in valuing real estate in Turkey.
Moreover, there is a period of time of approximately 3 days to a week to obtain the document of the property evaluation report, following the application to the company.
It is worth noting that the real estate appraisal in Turkey is valid for three months.
Required documents to obtain Turkish nationality in exchange for real estate:
- A copy of the passport, translated and certified.
- Family book or family statement translated and certified.
- A clearance document of judgment for the investor and his wife.
- 2 recent photographs of all family members.
- Receipts of the amounts paid for the property stamped from the bank through which the money was sent; Undoubtedly, this is a prerequisite for applying for Turkish citizenship.
- Receipts received by the seller of the property, or the “construction company,” stamped from the transmitting bank.
- In addition to the application form for obtaining Turkish citizenship in exchange for buying a property.
The stages of obtaining Turkish citizenship in exchange for property:
- Buying a property and extracting the real estate appraisal.
- Obtaining the investor’s residence permit
- Submitting an application for citizenship.
How long does it take to get Turkish citizenship after purchasing the property?
There are several stages that each person goes through in order to obtain Turkish nationality by real estate investment; The most important of which is the security study, which determines whether or not to acquire Turkish citizenship. However, the entire period that the transaction takes from submitting the application until obtaining Turkish citizenship and receiving the identity, ranges from two months to a maximum of 5 months.
Ebla real estate services for obtaining Turkish citizenship by real estate investment:
Ebla provides the best offers of real estate which meet the criteria for obtaining Turkish citizenship in vital areas in Turkey.
Moreover, Ebla Real Estate guarantees clients to obtain Turkish nationality by real estate investment.
Issuance of a real estate appraisal document.
In addition, Ebla Real Estate, follows up on the naturalization file, starting with the purchase of real estate, up to obtaining citizenship and receiving the Turkish identity.
Edited by: Ebla Group Real Estate
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