Obtaining Turkish citizenship
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.