Obtaining Turkish citizenship
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Obtaining Turkish citizenship

 

With the issuance of the decision to publish on 19.09.2018 in the Turkish official newspaper, some laws related to foreigners obtaining Turkish citizenship have changed. Turkish citizenship will be granted directly to foreigners who buy at least $ 250,000 of real estate in Turkey.
After this was verified by Turkish President Recep Tayyip Erdogan, details of the new law change regarding the Turkish Nationality Law for Foreigners have been published in the official newspapers as follows:
1 - Those who own a property in Turkey with a value of no less than $ 250,000 and the obligation not to sell it for 3 years from its purchase is entitled to apply for Turkish citizenship by decision of the Cabinet.
2 - Investors who deposit at least $ 500,000 as investment capital in Turkish banks can obtain Turkish citizenship and become Turkish citizens by decision of the Cabinet.
3- The fixed capital must be less than $ 500,000

The main steps to obtain Turkish citizenship by purchasing a property
1 - Opening a bank account: You must open an account in a Turkish bank in the name of the investor.
2- Investment procedure: Performing the necessary investment transactions such as transfer of title, cash deposit, government bonds / stock purchase etc.
3- Requesting a residence permit: Applicants must obtain a valid residence permit at the time of the citizenship application. However, residence permit holders can continue to live abroad as long as they wish.
4 - Requesting Turkish citizenship: After obtaining your residence permit, you can apply for Turkish citizenship immediately.
emlak Ferdous Real Estate provides its customers with after-purchase assistance and provides them with the papers required to obtain Turkish citizenship from start to finish until you obtain your Turkish citizenship.

 

Questions and Answers: Frequently asked questions about Turkish citizenship by purchasing a property worth $ 250,000.

 

1. Is a foreigner who has more than 250,000 Turkish real estate property entitled to apply for Turkish citizenship?
Yes, foreigners who own real estate with a total value in excess of $ 250,000 are entitled to Turkish citizenship under the law.

 

2. Is citizenship granted only to the owner of the property or to him and his family?
Turkish citizenship is granted to the property owner and all his family members under the age of 18.

 

3. Is there a specific currency required to buy a property in Turkey and obtain Turkish citizenship?
The decision states that the purchase of a property must be worth $ 250,000 or its equivalent in Turkish currency.

 

4. Can individuals who own real estate in Turkey worth $ 250,000 or more before changing the recent law apply for Turkish citizenship now?
There is as yet no data related to those who own real estate in Turkey of $ 250,000 and above prior to the issuance of this decision and whether they are entitled to apply for Turkish citizenship or not.

 

5. If I get Turkish citizenship in exchange for a real estate purchase, is it not my summons to compulsory military service?
If you obtain Turkish citizenship after the age of 22, you will be exempted from military service

6. Can I retain my original nationality after obtaining Turkish citizenship in exchange for buying a property?
You can reserve both nationalities, as long as there is no condition of assigning the original nationality

7. Can a power of attorney be given to someone else to file a Turkish citizenship file for me?
Of course, you can work as an agency in the Turkish embassy in your country for anyone you choose to follow the citizenship procedures for you

8. Do I have the right to rent the apartment after I purchase it?
Of course, you have the right to rent the apartment after purchasing it. The important thing is that you retain ownership of the apartment and not sell it until three years after purchasing it

9. How long does it take to obtain Turkish citizenship after purchasing a property in Turkey?
45 days is the time period for completing the Turkish physical access treatment procedures

10. Can a property be purchased in installments in exchange for Turkish citizenship?
The paid installments of the property will be calculated, therefore the paid installments must be 250,000 thousand dollars so that you can apply for Turkish citizenship in exchange for buying a property in installments

11. Do I need to be a resident until I get Turkish citizenship?
You do not have to live in Turkey continuously for a certain period to be eligible for citizenship. You can continue to live abroad and apply for citizenship as soon as you obtain residency.

12. Can I sell the property after obtaining Turkish citizenship?
It is not right to sell the property after obtaining Turkish citizenship for a period of 3 years, after three years have passed you are entitled to sell the property and return the money (i.e. rental income, interest, etc.) without restrictions of exchange control.
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