Amendments to the law on obtaining Turkish citizenship through investment
We can clearly see that Turkey has gained a great strength not to be reckoned with during the last period and has become one of the most advanced and developed countries and has achieved many achievements that allowed it to reserve a seat among the great countries, and as a result of these reasons, many people and investors began to arrive. To it in order to obtain Turkish citizenship, and there are many ways and means, as the application can be done through real estate investment in Turkey, or through marriage to a Turkish person, or through proof of Turkish assets, and much more.
It was imperative to set specific and clear laws to accurately organize the process and prevent fraud and deception, and for this reason many amendments were issued to the Turkish nationality law, the most recent of which was in 2018, and in what follows we will mention the most important of these amendments regarding obtaining Turkish citizenship through investment. .
Who can obtain Turkish citizenship through investment?
- The value of real estate investment: The minimum price of the real estate or group of real estates that should be purchased has been reduced from 1 million dollars to 250 thousand dollars or its equivalent, provided that he does not sell this property for a period of not less than three full years, and the application is made through the Ministry of Housing and Ages.
- Investment in Turkey: Those who invest in Turkey with an amount of at least 500 thousand dollars can apply for Turkish citizenship through the Ministry of Economy.
- Employing Turkish workers: An investor who employs 50 workers who hold Turkish citizenship can apply for it by confirming it in the Ministry of Labor and Social Security.
- Depositing money in the bank: In the event that the investor deposits a sum of money not less than 500 thousand dollars in a Turkish bank and for a period of not less than 3 full years, he can apply for Turkish citizenship by confirming it in the banking supervision institution.
The most important amendments to the law on obtaining Turkish citizenship through real estate investment:
Prevent recycling of the property:
This means that the owner of the new property, after obtaining Turkish citizenship, is not allowed to sell it to a Turkish person, and then this person sells it to another who has the same nationality as the old owner, in order to obtain Turkish citizenship, as his nationality must be in violation.
Prevent reselling the property to its owner:
One of the important changes that have been added is to prevent the new owner of the property who obtained Turkish citizenship through real estate investment in Turkey to resell it to its old owner, after the legal period to own the property, which is three years, has passed. To appear in court on charges of fraud.
It is forbidden to grant citizenship to others with the same property:
In the event that Turkish citizenship was acquired through buying a property and then it was sold to a foreigner, this foreigner cannot apply for Turkish citizenship through this property, but rather it must be a different property that was not previously registered.
Withdrawal of citizenship in the event of forgery:
The Turkish government is keen to ensure that all papers and official documents related to the investor or the real estate are documented, and if it is proven that there is fraud in them, the citizenship is withdrawn from the investor.
Some important questions regarding obtaining Turkish citizenship by investment:
Q: Can I buy a property in installments and apply for Turkish citizenship?
A: Certainly it can.
Q: Is it possible to apply for citizenship if there are partners in real estate ownership?
A: The property must be registered in the name of only one person who is entitled to apply for Turkish citizenship, but if there are more than one owner, this cannot be done.
Q: If the property is registered in the name of the son, can the father and mother obtain Turkish citizenship?
A: Citizenship cannot be granted to parents if the son acquires it. Rather, citizenship is granted to the wife and children who have not completed 18 years of age.
Q: Is it necessary to give up the original citizenship when obtaining Turkish citizenship?
A: There is no need for that as you can hold both nationalities.
Q: Do I have to reside in Turkey for a period of time before applying for citizenship?
A: In the event that you apply for Turkish citizenship through real estate investment in the amount of 250 thousand dollars, it is not required that you have resided in Turkey for a specific period.
Q: Should I master the Turkish language?
A: It is not necessary to be fluent in the Turkish language, knowing that it is good to speak Turkish to facilitate your interaction with the Turks within government departments and the street as well.
related articles :
Investing in Istanbul ... All you need to know !!
Globally rank of the Turkish passport
Cheapest apartments for sale in Turkey 2021
Turkey Open Market for Real Estate
apartments for sale in Istanbul
Buying Real Estate Online in Turkey
Features and benefits of Turkish citizenship
Types of residency in Turkey
The cheapest Istanbul apartments 2021
Real estate investment in Turkey
villas for sale in turkey
How to obtain Turkish citizenship
Three Questions before buying a property in Turkey
Transfer money to and from Turkey
Get to know Basaksehir area in Istanbul
#apartments #istanbul #turkish_citizinship