All you need to know to get Turkish citizenship by investment 2020
first: Is it allowed to obtain Turkish citizenship by investment?
Statistics and reports, both local and international, show a remarkable increase in the demand for foreign investors to obtain Turkish citizenship by investment, due to the advantages of this citizenship and the process of obtaining it through Istanbul property investment or any other place that includes Turkey’s real estate advantages and Very distinctive features.
Many foreign investors who are looking for opportunities to obtain Turkish citizenship may wonder whether it is possible to obtain Turkish citizenship by investment. To answer such a question, we must say yes. Indeed, it is available to foreign investors to buy property in Turkey Then using this property in order to obtain Turkish citizenship by investment, and this became possible after it was actually far from being achieved, as the Turkish government had previously applied the principle of reciprocity, which means that foreigners are not allowed to own real estate in Turkey and obtain Turkish citizenship by Investment unless the home country to which this investor returns allows Turkish citizens in return to own real estate within it, which was negatively reflected on investment opportunities for these investors who may be victims of the tension of their country’s diplomatic relations with other countries, but after the Turkish government noticed the importance The great deal that the purchase of real estate in Turkey by foreign investors may bring to the country through the influx of foreign capital of their own and the great support that What you are going to present to the Turkish economy has worked to stop the implementation of this principle, and indeed, it has only become possible to buy property in Turkey by foreign investors of different nationalities with restrictions on some nationalities that may still not be allowed to own real estate in Turkey and therefore She cannot obtain Turkish citizenship by investment.
Second :How to obtain Turkish citizenship by investment:
Fortunately, the Turkish government is working continuously to facilitate the process of obtaining Turkish citizenship by investment in order to encourage investors to take such a step. Therefore, we find that it is working to amend and facilitate the conditions required to complete this process. Fortunately, obtaining Turkish citizenship by investment is very easy and does not require many conditions compared to other foreign nationalities, as all that is required is for the foreign investor to search for a property in Turkey that suits his aspirations and desires, and then buy this property in Turkey, but on This property must fulfill an important condition, which is that the amount that is paid in return for obtaining it is not less than the value of two hundred and fifty thousand US dollars, or what may be equal to this amount in Turkish lira. In addition to the above, the foreign investor must submit a pledge It guarantees that he will not sell the property that he used to obtain Turkish citizenship through investment for a period of time estimated at three years from the date of his purchase of the property in Turkey.
Third :Advantages of obtaining Turkish citizenship by investment:
Obtaining Turkish citizenship by investment is one of the most preferred ways by foreign investors, especially those who want to buy property in Turkey in order to invest and achieve profits and investment returns, because obtaining Turkish citizenship through investment will mean achieving double benefits and Hitting two birds with one stone, as you will first get the opportunity to buy a property in Turkey and benefit from it in many different projects and ways, whether for housing and stability or for the opening of a project and entering the real estate investment sector in Istanbul or Turkey and at the same time The money that you have used in order to obtain real estate in Turkey will make you able to obtain Turkish citizenship by investment and thus enjoy all the advantages and ingredients that such citizenship provides from obtaining the full rights of Turkish citizens and enjoying the right of residence within Turkish territory, as well as Of course, obtaining a Turkish passport, which is often considered the most important goal that foreign investors aspire to from the process of obtaining Turkish citizenship through investment.
On May 13, 2022, the Turkish government issued a decision to raise the amount of obtaining Turkish citizenship through the purchase of real estate to a value of 400,000 dollars instead of 250,000 dollars. The decision has been implemented starting in 12th June 2022.
The investor has the right to buy a real estate or several properties with the new amount of $400,000 in order to obtain citizenship, provided that the investor must keep the property for 3 years and he mustn’t sell the property he purchased for the purpose of citizenship before 3 years from the date of purchasing. For more information about the Turkish citizenship law and its conditions, click here.
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