Citizenship through Property Buying in Turkey (Article Sample)

Citizenship through Property Buying in Turkey

The amount required to obtain Turkish citizenship through property buying has changed following the new law. The most recent change allows foreigners who buy a property worth at least $400,000 to apply for Turkish citizenship. Along with the investor, the investor's legally wed spouse and any minor children are also covered by this privilege.
Citizenship through property buying in Turkey
As of June 13, 2022, the President's Decision increased the required investment from 250,000 to 400,000 dollars to qualify for Turkish citizenship by property buying. With the already-purchased properties, you can seek citizenship. A minimum of $1 million must have been spent on the property between January 12, 2017, and September 18, 2018. Therefore, citizenship petitions cannot be supported by property worth less than $1 million acquired before this date. For yourself, your spouse, and your children under 18, you can gain Turkish citizenship by investing in real estate and promising not to sell it back within three years. In three months, a Turkish passport is issued.
Conditions to obtain citizenship through property purchasing:
* Cash must be used to purchase the property.
* The owner of the property you intend to buy must be a citizen of Turkey.
* The title deed ought to be completed.
* The buyer does not have a debt issue.
* If you buy two or three properties, the overall cost should not exceed $400,000.
The ways to invest your way to Turkish citizenship
* Acquiring Turkish nationality through buying property worth $40,000
* Investing a predetermined amount of money that is at least $50,000.
* A minimum of 500 thousand dollars in deposits in Turkish-operated banks should be accepted (this amount may also be expressed in other currencies or Turkish Lira) with the condition that the bank must wait three years before releasing a deposit.
* A minimum investment of $500 000 shall be made in a real estate investment fund share with the condition that participation shares are subject to a three-year retention requirement.
* Government debt should be purchased for at least 500,000 USD.
What documentation is needed to obtain Turkish citizenship?
The following items must be submitted with your application:
* A completed application form;
* A valid passport;
* Four passport-size photos of each member of your family;
* Your birth certificate;
* A residence permit or a valid tourist visa on your passport;
* A certificate of good health;