Beware of these problems when applying for Turkish citizenship through investment

Created: 2021-05-19
Last Updated: 2024-04-26
Views: 3935

Content Index

First :The process of repayment of the amount due for the investment:
Second :Errors in the process of transferring personal data:
Third :Failure to determine the type of agency before starting the procedures:
Fourthly: Obtaining the real estate appraisal report from a trusted and recognized source:
Fifthly :All documents you submit must be issued by the same authority:
Sixthly :Pay attention to submitting an application for residency before submitting an application for Turkish citizenship:

First :The process of repayment of the amount due for the investment:

When submitting an application to obtain Turkish citizenship through buying a property in Turkey, the required amount must be paid in order for the investment to achieve the conditions that allow it to be allowed to apply for Turkish citizenship through a bank account through which the bank transfer is made from the investor's account and But it is possible in some cases to allow another person’s representative on his behalf if this person holds an official power of attorney that allows him to represent him as a substitute for him and thus the funds transfer procedures can be completed legally, but sometimes some offices of registering the title deeds of the property may refuse to accept receipts for a transfer This money is not issued by the same person and the solution in this case is the lawyer’s insistence that this access is completely legal and it must be recognized and confirmed, then it will be proven that the office is at fault. Therefore, attention must be paid to the idea of appointing a lawyer with experience in matters Transferring the title deeds of the property, its procedures, and the mechanism of work of these offices, because the procedures differ from one office to another.

Second :Errors in the process of transferring personal data:

The multiplicity of official papers and their similarity may lead some buyers to not pay attention to them or be lenient in them, which leads to them falling into many problems and being exposed to rejection of requests and delaying the process of completing the procedures. Therefore, careful attention must be paid when transferring money from the bank account, as it must be The full name of the investor is written as it is contained in his passport and completely accurately on the bank receipt for the transfer of funds so that forgetting or having a difference in any word may be the reason for rejecting this request and for obstructions and delays that you do not need.

Third :Failure to determine the type of agency before starting the procedures:

In the event that the investor buys a property in Turkey that gives him exemption from value-added tax, then he or the person who may represent him, whether it is his own lawyer, real estate broker, or even a private person, will have to obtain a number of documents from the tax department in Turkey In order for the deputy to obtain these documents on his behalf, the type of power of attorney must be specifically mentioned in the official agency that is granted to him, otherwise he will not be able to complete these procedures due to the authorities ’refusal to grant him the right to complete them.

Fourthly: Obtaining the real estate appraisal report from a trusted and recognized source:

One of the most important steps that you must pay special attention to is the source of the real estate appraisal report that you will submit in order to apply for Turkish citizenship, and therefore you must make sure that the report is issued by an expert body or a company specialized in the real estate valuation process in Turkey has experience in this field, as there are many people who fall victim to fraud due to real estate appraisal reports issued by unauthorized or inexperienced bodies, so the presence of any such error may increase the exposure of your application to obtain Turkish citizenship by buying a property in Turkey to the refusal.

Fifthly :All documents you submit must be issued by the same authority:

The process of applying for Turkish citizenship through the purchase of real estate in Turkey requires the submission of a set of official papers, which is the marriage document if it exists, or the marital status document for the single, and copies of the investor's passport and birth certificate and currently despite the absence of a clear reason. Therefore, the Turkish Citizenship Office requires the applicant to have these three documents issued by the same country, which may constitute an additional challenge and difficulty for foreign investors wishing to obtain Turkish citizenship through Turkey's real estate.

Sixthly :Pay attention to submitting an application for residency before submitting an application for Turkish citizenship:

During the process of submitting an application for obtaining Turkish citizenship, foreign investors must submit an application for an exclusive residence permit for investors called real estate residency in Turkey and it must be submitted before submitting the application for obtaining citizenship despite the Turkish laws related to On the issue of Turkish citizenship, it stipulates that the applicant must be present within the Turkish territory during the process of submitting the residency application, except that providing such type of residency for foreign investors is an exception and anyone holding an official agency on their behalf is allowed to apply, whether a lawyer or someone else, but this exception is limited. Only on the foreign investor, because his family members must submit the application while they are within Turkish territory despite their retaining the right to obtain the investor's residence permit or real estate residence thanks to the head of the family.

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.

#apartments #istanbul #turkish_citizinship

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