Who Can Get Turkish Citizenship through a Property Investment?

Do you wonder whether you will be able to obtain Turkish citizenship through a property investment? Yes, it is something possible and worth considering as of now. Turkey is one of the best countries available in the world to live as of now. As per https://turkishcitizenshipinv.com/, you will be able to unlock numerous opportunities while you live in Turkey. Hence, it is worthy to understand how to obtain Turkish citizenship and figure out whether you will be able to do it or not.

What is the Turkish citizenship by investment program?

From 7th December 2018, a new section was added to the regulation that contains information about the process of obtaining Turkish citizenship. According to this, any person who can afford to go ahead with a real estate investment in Turkey, which is worth at least $250,000 will be able to obtain citizenship. The process of obtaining Turkish citizenship is easy as that and you will never have to deal with any challenges.

You can even purchase multiple units within Turkey. All you have to be mindful about is ensuring that the total value of your investment is equivalent to at least $250,000. If you can fulfill that criteria, you will be provided with citizenship without being asked with any questions.

How to obtain Turkish citizenship by investment?

You will need to set up a bank account and make the payment for purchasing property through a bank transfer. You should make sure that you keep the bank transfer receipt with you, as it is required for you to obtain your citizenship. On the other hand, you will need to have the valuation report and title report of the property you purchased, so that you can proceed with the application process and obtain your Turkish citizenship.

It is important to be mindful that you are purchasing a property that is already completed constructions in Turkey. In case if you try to purchase a property that is being constructed, there is a possibility for you to miss out the opportunity. That’s because the real value of the property that is under the construction would not be accurate under the valuation report. Hence, you will need to make sure that you buy a property that is completed constructing.

You can get citizenship through a notarized commitment to buy the property as well.

Another great thing about obtaining Turkish citizenship through investment is that you will be able to proceed by having a notarized commitment to proceed with the purchase of property. This is a part of the newly added sections to the Turkish citizenship legislation back in the year 2018.

As a foreigner, you will need to ensure that you make a commitment of at least $250,000 through the notary contract in purchasing a property that is put up for sale. Then you will be able to use that document as a legal document and proceed with your citizenship application. You will also need to make a commitment that you are holding the property that you bought in Turkey for a period of three years. After the three year duration, you have the freedom to do anything you wish to the property. You can even sell it.

Final words

This article would have helped you to find answers to some of the most prominent questions you had in mind about obtaining Turkish citizenship through investment. Keep these facts in mind and make sure that you proceed with obtaining your Turkish passport. It will never be a decision that you will regret in your life.