Conditions for obtaining Turkish citizenship 2024
Being a Turkish citizen has become a dream for many investors, and having a Turkish passport has become a source of pride, as Turkey is one of the most famous countries in the world in terms of investment. In this article from Ebla Real Estate, we will provide a guide on conditions for obtaining Turkish citizenship 2024.
Obtaining Turkish citizenship:
Turkey is a perfect place for investment, it has provided all facilities to investors from all over the world. Moreover, there are many investment opportunities and projects in Turkey that attract foreign investors and offer profitable returns. Most investors in Turkey invest to obtain Turkish nationality.
The Turkish government supports foreign investors and provides them many privileges. One of the most important motivates is that the government launched the Turkish citizenship program in exchange for investment in 2017. This law gives foreigners the opportunity to obtain Turkish citizenship in exchange for a real estate investment worth $400,000, through a bank deposit in a Turkish bank of $500,000, or by purchasing government bonds worth $500,000. Investors can also apply for it by establishing a company and employing 50 Turkish citizens.
It is worth noting that the law granting Turkish citizenship in exchange for investment is still in effect until 2024, with some amendments to the conditions.
Conditions for obtaining Turkish citizenship in exchange for purchasing a property in 2024:
Obtaining Turkish citizenship in exchange for purchasing a property is the most popular way, as it is a safe way to save money and achieve profits within a short period of time. Among the most prominent conditions for obtaining citizenship by buying a property in Turkey in 2024, we mention the following:
- Purchasing a property or group of properties with a value of no less than $400,000.
- If the purchased property is land, it must be exclusively “licensed for construction.” Thus, investors are no longer able to apply for Turkish citizenship by buying agricultural land.
- Moreover, the buyer must not sell the property for 3 years.
- Additionally, the specified value of the property must be paid by bank transfer.
Conditions for obtaining Turkish citizenship in exchange for investment in 2024:
It is possible to apply for Turkish citizenship in exchange for investment through a deposit in Turkish banks worth $500,000 or purchasing government bonds of the same value. Undoubtedly, there are some conditions, including:
- To purchase government bonds worth $500,000 or deposit $500,000 in a Turkish bank.
- The amount of $500,000 must be exchanged through the Turkish bank into Turkish currency.
- The amount must not be withdrawn before 3 years from the date of its deposit or from the date of purchasing the bonds.
- The investor has the right to take interest on the amount or profits at any time during the 3 years.
Edited by: Ebla Group Real Estate
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