One of the leading producers of grapes and the earliest wine-producing country, Turkey is a beautiful place in the Middle East. Every year people visit Turkey to experience its rich historical value and culture. But if you are looking to settle in Turkey, then the best and easiest way to do that is to opt for your turkey citizenship by real estate investment.
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Overview of the Turkey Citizenship by Real Estate Investment
Turkey citizenship by real estate investment is a relatively new program that emerged in Turkey in around 2017. It provides with a lot of striking advantages that make citizenship by investment program simpler and cost-effective. Apart from citizenship and residency, the real estate investment programs bestow with a second passport to those who are already engaged in investing. Thus, it makes for an eye-catching feature for investors.
Turkey Citizenship by Real Estate Investment is Budget-Friendly
When turkey citizenship by real estate investment program was first launched, the amount for real estate investment was set to a whopping $1 million. But over the years, the cost got drastically reduced in 2018 requiring you to purchase a property of minimum of $250,000 exclusive of fees. This is a highly attractive offer as it makes citizenship costs through investment programs lower and affordable.
The Process of Acquiring Turkey Citizenship by Investment Programs
The process of getting your Turkey citizenship by real estate investment program is quite simple and hassle-free. Following the below steps is sure to elucidate you and get rid of your confusions.
- The first step for you to apply for your Turkey citizenship is to register for the program. By using your current and original passport, and your recent photographs you can procure your tax registration number from a tax office.
- Once you get the registration number, it is important for you to open a Turkish bank account. You also need to carry official papers to prove your current residing address.
- Thanks to the revised version, you can now search for a property worth of $250,000. However, you need to make sure that the property is either completed or close to completion for you to invest. You must also ensure whether it is fit for an Official Valuation.
- Once you have selected your desired residence, you can now buy the property via a bank transfer and get the receipt. After you successfully buy the property, you need to have a written documentation from the Title Deed Registry stating that the bought property cannot be sold in the next three years from the date of issue.
- After the completion of three years, you have the liberty to sell your issued property while keeping the citizenship. At this stage of your citizenship process, you are required to get the certificate of conformity. By presenting your bank transfer’s receipt to the Ministry of Environment and Urbanization, you can procure the certificate.
- Once you get hold of the certificate of conformity, you can apply for your Turkish residency at the Directorate General of Migration Management after which you can successfully apply for your lawful citizenship.
- Finally, you will be granted with your Turkish citizenship!
Real Estate Investment is the Ideal Way to Get Your Turkey Citizenship
Getting your turkey citizenship by real estate investment is the best way to obtain your citizenship in Turkey. The best part about these investment programs is that it lets your citizenship get passed down to the next generations. So if you are looking for ways to get your Turkey citizenship without any hassle, real estate investment is the way!
