Why do investors flock to obtain Turkish citizenship by investment
Looking at the statistics and figures, a clear increase in the number of foreign investors who obtained Turkish citizenship by investment during the past few years shows, and this is what prompts communication about the reasons that encouraged them to do so. Below we will explain more of these reasons:
1- Many investors apply for Turkish citizenship by real estate investment, and perhaps the most prominent reason for this is the new amendments to the law on naturalization through investment, which reduced the value of the property price in Turkey necessary to obtain Turkish citizenship, as previously it was necessary to buy property In Turkey, at a price of 1 million US dollars, so that he can apply for citizenship, but now this is possible when buying an apartment in Turkey at a price of 250 thousand US dollars, or a quarter of the previous amount, and this is a golden opportunity not to be missed for investors wishing to enter the world of real estate investment in Turkey.
2- For those who choose to obtain Turkish citizenship by investing in a way other than real estate investment, many amendments have also been issued and the minimum amount of money required for investment has been reduced, and this has contributed to encouraging investors to establish various investment projects in Turkey.
3- When you apply for Turkish citizenship by investment, you will be able to grant this citizenship to your wife and all your children who have not completed 18 years of age.
4- If you want to obtain Turkish citizenship by investment, you do not need a specific period of residence in Turkey, as there is no minimum for that.
5- You can dispose of the money and real estate that was purchased with the intention of obtaining Turkish citizenship after the completion of three years, that is, you can sell it as you have the freedom to dispose of it, and thus we find that you practically did not lose anything of your money in exchange for Turkish citizenship.
6- There are various options for obtaining Turkish citizenship by investment, as it is considered the most diversified program, so you can choose what suits you and meets your ambitions.
7- When applying for Turkish citizenship in this way, you do not need to prove or declare the assets of the money or income.
8- The great speed in completing the process and receiving Turkish citizenship, as all the necessary procedures to obtain Turkish citizenship and Turkish passport by investment do not take more than four months only.
9- You do not need to pay large financial fees when adding people to the citizenship file, as the costs are very low.
Advantages of obtaining Turkish citizenship:
The most important feature is holding the Turkish passport, which ranks high in the global ranking of passports and allows its owner to enter a large number of countries around the world without the need for an entry visa, and obtaining Turkish citizenship means having the right to vote and elections, and thus drawing the future of the country in addition To benefit from free education, obtain health insurance, and benefit from Turkey’s agreement with the United States to obtain a work residence on its lands. This will also save you from many additional procedures and documents that require foreign investors when they buy or sell any type of real estate in Turkey .
There are various ways to obtain Turkish citizenship, but they all achieve the goal in the end, so search for your opportunity and choose the method that suits you and enjoy the many advantages that Turkish citizenship offers you.
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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