Turkish citizenship by investment program
- First: Turkish Citizenship Program:
- Secondly: Advantages of the Turkish Citizenship by Investment Program:
- Third: Conditions to be met in the application for Turkish citizenship by investment:
First: Turkish Citizenship Program:
What distinguishes the program for obtaining Turkish citizenship by investment is that the application process is easy and allows foreign investors to benefit from the rental income of real estate investment, as well as the ability to resell it again. To qualify to apply for the Turkish citizenship by investment program, you must be at least eighteen years old and have good health, without any criminal record, and it is required to add To the above, you must keep the property that you have used in the Turkish citizenship by investment program for a period of three years after the date of your purchase.
Secondly: Advantages of the Turkish Citizenship by Investment Program:
* Possibility to travel without the need to obtain a visa:
After obtaining Turkish citizenship and as you are now considered a Turkish citizen officially, you will be able to travel without the need for an entry visa or through a visa upon arrival to more than one hundred and ten countries and territories around the world, including Singapore and Hong Kong, Brazil and many others.
* Investor A2 visa:
As one of the Turkish citizens, you will be able to apply for the A-2 investor visa in the United States of America as well.
One of the most important advantages that makes the Turkish citizenship program so preferred and loved by foreign investors is that this application process is designed to go smoothly and directly within a period of time ranging between four and six months in order to obtain Turkish citizenship without delays or obstructions.
* Obtaining tax exemption:
The Turkish government does not impose any taxes on worldwide income, capital gains, endowment and wealth, as well as inheritance.
* Few requirements for accommodation:
It can be said that, in practice, there are no actual requirements for residency, and in addition, it is not necessary for you to visit Turkey, either before or after submitting an application for citizenship by buying property in Turkey.
* Dual citizenship is allowed:
Some foreign investors consider that this is one of the most encouraging factors to choose the Turkish citizenship by investment program, as the need to renounce the mother’s citizenship held by the foreign investor is not imposed, unlike what Some countries impose it in order to obtain their own citizenship, and therefore you can have a dual citizenship with ease.
Third: Conditions to be met in the application for Turkish citizenship by investment:
First, the applicant must be a full-fledged adult, meaning that he has completed at least eighteen years of age. He must also be of good health and not have any criminal record. He must pass the security verification tests, i.e. obtain the security approval, and he must provide proof of the source of the investment funds that he will use to buy a property in Turkey in order to obtain Turkish citizenship by 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.
At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.
Editing by Ramzy Real Estate Team ©
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