Obtaining Turkish citizenship through real estate investment
Obtaining Turkish citizenship has become one of the most important goals that push foreign investors to choose Turkey's real estate over other real estate, as the accompanying advantages of obtaining a strong nationality such as Turkish citizenship is considered a golden opportunity and this is due to many reasons such as the economic strength of Turkey. The Turkish economy is classified in the first twenty ranks of the most powerful global economies, in addition to that Turkey includes in its territory thousands of huge global projects and investments and is distinguished by its interest in infrastructure in particular as it secures remarkable levels in various service areas, including educational institutions, health institutions and cultural centers, not to mention Historical and tourist attractions scattered all over the country, which makes Turkey a tourist country par excellence, and foreigners find in real estate investment the closest opportunity to obtain Turkish citizenship, as the Turkish government allows the possibility of obtaining a Turkish passport by buying a property in Turkey.
Foreigners and obtaining Turkish citizenship through real estate investment:
Statistics carried out by the General Directorate of Population and Citizenship Affairs of the Ministry of Interior in Turkey indicate that there has been a remarkable increase in the number of foreign investors in Turkey, whose number has now exceeded two thousand and five hundred foreign investors, and that the bulk of these investors have taken the necessary measures from In order to obtain Turkish citizenship, and indeed they have obtained it.
It is noted that the great boom in the number of foreign investors wishing to own real estate in Turkey came in particular after the amendments made to the Turkish nationality law and real estate investment, after providing the opportunity to obtain Turkish citizenship through the purchase of real estate in Turkey, the percentage of real estate sales in Turkey began. To foreigners, up to fifty percent higher than its predecessors.
The studies and statistics conducted on foreigners and buying real estate in Turkey have also shed light on the nationalities that are most likely to buy real estate in Turkey, and according to the reports indicated, the list of ten countries whose citizens have acquired Turkish citizenship through real estate investment in Turkey comes in the following order, and Iraq tops the list, followed by Afghanistan and Palestine, then Egypt, Libya, Lebanon, the Union of Saint Kitts and Nevis, the Kingdom of Saudi Arabia, as well as Azerbaijan and Pakistan, and the list goes on as there are many foreign investors coming from different nationalities who They worked to obtain Turkish citizenship.
Advantages of obtaining Turkish citizenship through real estate investment for foreigners:
Despite the difficulty of the procedures that most countries impose in front of foreigners wishing to obtain their nationality, it can be said that Turkey is on the contrary, as it is not without the fact that it sets some conditions and requests for those wishing to obtain citizenship, but it is considered very easy to obtain compared to others.
All that is required is the implementation of the required conditions and the submission of official papers in order to be studied by the Turkish government and to ensure the applicant’s eligibility for Turkish citizenship, and in addition to the above, obtaining Turkish citizenship through real estate investment in Turkey is one of the easiest ways and The most rapid one and the matter has become easier in the recent period thanks to the continuous amendments that are added to the laws and conditions related to the issue of Turkish citizenship through buying a property in Turkey. For foreign investors, the government does not impose conditions that require the need for short or long-term living requirements. In order to obtain citizenship through investment, it also does not impose on him the obligation to live in Turkey, and the person who applies for Turkish citizenship can He was allowed to continue to live in his country of origin or his current country of residence after obtaining a residence permit in Turkey, meaning that this allows him to continue the process of obtaining Turkish citizenship even while he is outside Turkish territory.
How to obtain Turkish citizenship through real estate investment in Turkey:
After providing the opportunity to obtain Turkish citizenship by buying a property in Turkey, this method has become the first choice for many foreign investors who want to obtain a Turkish passport, and in order to achieve this goal, the real estate investment that the person makes must achieve some of the conditions that It includes both that the price of the property that the investor will use in order to obtain Turkish citizenship is not less than the amount of two hundred and fifty thousand US dollars or the equivalent value of this amount in Turkish lira according to foreign exchange rates or what is equivalent to any other foreign currency. A pledge not to sell this property for a period of not less than three years, and this required amount is ideal and can be collected by a larger number of foreign investors as it is the investment value previously required in order to allow the acquisition of Turkish citizenship amounting to at least one million US dollars before the introduction Amendments to the real estate ownership and nationality law, as it has been an obstacle for many investors with limited income. Currently, obtaining Turkish citizenship through legal investment I see something available with more opportunity.
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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