Important questions about obtaining Turkish citizenship by investment
first :What are the advantages of obtaining Turkish citizenship?
Statistics and reports show a significant increase in the numbers and percentages of foreign investors who want to buy property in Turkey with the aim of obtaining Turkish citizenship, as there is a great demand for applying for it, due to the advantages and elements it works to provide. One of the strongest foreign nationalities at the present time and preferred by many foreigners, especially those who come from countries that suffer from some internal disturbances that affect their security and stability, whether social or economic, so they find obtaining Turkish citizenship the best option for what Turkey enjoys first as A country of social and security stability, and because of the strength and stability of the Turkish economy, in the face of turmoil, and countries that suffer from tension in their diplomatic relations with the rest of the world cause great suffering for investors coming from them because of the difficulty of movement to follow up on their foreign investments and because of what Imposing restrictions on their nationalities, whether in terms of investment and conditions or travel, so obtaining Turkish citizenship and the consequent possibility of carrying a Turkish passport will facilitate and Significantly the process of travel and migration in front of these foreign investors from one place to another, thanks to the great strength that the Turkish passport enjoys, as it is classified as one of the forty most powerful passports around the world and allows its holder to enter the largest part of the world without the need to extract any An entry visa, which requires the extraction of one of them, allows the holder of Turkish citizenship to obtain it the moment he arrives at the airport, so we find that obtaining Turkish citizenship provides many advantages for those wishing to buy property in Turkey and enter the real estate investment sector in Istanbul or any other city that includes real estate in Turkey .
Second :Is it really possible to obtain Turkish citizenship by investment?
Yes, the ways to obtain Turkish citizenship are diverse and many, and perhaps the most preferred method by foreign investors is to obtain Turkish citizenship by investment, as this has become available to various foreign nationalities with some exceptions that affect some countries for security reasons, but mostly Any foreign or Arab nationality can obtain Turkish citizenship by investment, through the Turkish government abolishing the principle of reciprocity, which was preventing foreigners from obtaining Turkish citizenship by investment because it did not allow these foreign investors to buy real estate in Turkey in the first place. The mother country to which they return did not allow Turkish citizens to own real estate in it, but by stopping it, foreign investors of different nationalities were allowed to buy a property in Turkey with the aim of obtaining Turkish citizenship through investment.
Third :Why do foreign investors prefer to obtain Turkish citizenship by investment more than other methods?
As it is known, the ways to obtain Turkish citizenship are not limited to buying a property in Turkey, but rather are diverse and numerous, but with that, we find that the majority or most demand, especially by foreign investors, is directed towards obtaining Turkish citizenship through investment without these methods. The other available, because it is first of the least demanding ways or the need for conditions, as all it takes is to buy property in Turkey and achieve this property for a set of simple conditions, the first of which is that its price is not less than two hundred and fifty thousand US dollars or what This is equivalent in Turkish lira and that the foreign investor submits a pledge not to sell the property in Turkey that he used to obtain Turkish citizenship by investing for a period of no less than three years from the date of his purchase for the first time in order to submit the application.
In addition to the above, obtaining Turkish citizenship by investment means killing two birds with one stone, as the foreign investor with this first obtained Turkish citizenship and ensured the possibility of residing in Turkey and moving from and to it with ease and at the same time, he invested his money in Buying a property in Turkey can be used for housing and stability or even in investment in order to achieve profits and investment returns, that is, his money has made him residency and investment at the same cost.
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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