Citizenship when buying real estate

The Republic of Turkey has attracted the attention of many foreign investors over the past ten years due to its high quality of life, efficient healthcare system, mild climate, and unique nature. Property owners in Turkey are buyers from more than 140 countries. The popularity of Turkish real estate among foreigners has led to an increase in the number of applications for Turkish citizenship.

The most popular, simple, and quick way to become a full-fledged resident of the country is to obtain citizenship in Turkey in exchange for investment. The sufficient investment for citizenship application starts at 400 thousand US dollars.

The registration procedure can be complicated for foreigners. A real estate agent of the Status Property is ready to provide full assistance in obtaining Turkish citizenship when buying a property. We will offer you liquid real estate that meets your requirements, assist you in finalising a buy-sale agreement and accompany you at every stage of the citizenship application process.

Benefits of a Turkish passport

Quick Citizenship

The investment program allows you to obtain Turkish citizenship under an accelerated scheme. The applicant does not have to change the place of residence as a taxpayer, declare income and property located in other countries. Obtaining Turkish citizenship when buying real estate does not require a long wait - in 6-12 months, you will be able to become a rightful citizen of this sunny country.

Return on investment

To obtain a Turkish passport in return for investment, you will need to purchase real estate worth 400 thousand US dollars or more. Such an investment can become a good asset that you can resell in three years and retain the citizenship of the Republic of Turkey. Many investors choose to rent out their property within this period and gain an additional stable income.

Citizenship for your family

For most foreign investors, the crucial factor in favour of investing in the Turkish economy was the opportunity to obtain a Turkish residence permit for their family members - spouses and children under the age of 18. The application is submitted and considered in a single package for the investor and his immediate family.

No residency requirements

Turkish citizenship in return for investment scheme does not require a foreign investor to reside in the country preliminarily to obtain a residence permit. A foreigner located abroad can buy real estate, obtain a residence permit and immediately apply for Turkish citizenship. Having a Turkish passport does not oblige you to live in Turkey permanently.

Visa-free entry

A Turkish passport will significantly broaden your life horizons and make crossing borders and traveling across the world easy. Nowadays, Turkish citizens enjoy visa-free or visa upon arrival travel. You can stay in 110 countries in Europe, Asia, North and South America, Africa for 30 to 180 days. In some countries, a visa is issued under a simplified scheme.

Relocation to the USA on a business visa

Turkish passport provides many foreign investors with favourable terms for fast and legal emigration to the United States. After the real estate purchase and acquiring citizenship in exchange for investment, you can get a business visa to the United States under the E2 program. Under the terms of the E2 visa, Turkish citizens have the opportunity to live and work in the United States, invest in a business, and eventually get a green card.

Fast relocation to the UK

Foreign entrepreneurs with Turkish citizenship wanting to live and work abroad can relocate to the UK. After acquiring a Turkish passport in exchange for investment, you can immediately apply for a business visa. The visa does not require investment and allows you to relocate with your entire family, work, study, and apply for a residence permit and citizenship in the United Kingdom in the future.

Favourable environment for business development

The Republic of Turkey is in the top ten countries with the most comfortable living and working conditions for foreigners. Its position in the world ranking of states recommended for commercial activity has increased by ten points within a short period of time. The criteria involve the availability of a business organisation, security of investments, the ease of obtaining work permits, and interaction with government agencies. Currently, about 700,000 foreigners have official employee status, and more than 60,000 foreign companies operate in the country.

Opportunity to have dual citizenship

If foreigners receive a golden passport in return for investments in the country's economy under the simplified scheme, they are not obliged to renounce the citizenship of their country. According to Turkish law, you can keep your citizenship and acquire a second Turkish citizenship, which will not expire even for future generations.

High living standards

The Turkish government has developed a new strategy for the systematic improvement of economic development indicators. One of the main areas is comprehensive support for domestic and foreign investors, strengthening Turkey's position in the global arena, developing new technologies, and providing the required resources to the business. As a result, today, the Republic of Turkey is among the top ten most comfortable countries for expats.

Investment options

Purchase of real estate worth $ 400,000

According to statistics, the purchase of property in Turkey worth $ 400,000 is the most popular way for foreign citizens to obtain citizenship inTurkey. You can purchase one or more residential or commercial real estate to reach the threshold amount. In three years, you can sell your property without losing the citizenship status of the Republic of Turkey.

Employment generation

A foreign investor can register a business in Turkey and provide jobs for 50 or more citizens to acquire Turkish citizenship. A confirmation from the Ministry of Labor and Social Security must be attached to the citizenship package.

Investments of funds in the amount of $ 500,000

A foreign investor has several investment options available:

Purchase of government bonds that can not be sold within three years. During this period, the investor receives legitimate dividends from the investment.
Investments in the fixed assets of a Turkish enterprise or company for a period of three years or more. To acquire citizenship, investments need to be confirmed by the Ministry of Industry and Technology of Turkey.
Deposit in one of the Turkish banks for the specified amount for a period of at least three years.

The process of acquiring Turkish citizenship

The process of acquiring Turkish citizenship for the purchase of real estate under the accelerated scheme consists of several stages:

Selection and purchase of the real estate

The Status Property real estate agency, thanks to its extensive and successful work experience, will help you select and purchase apartments to meet the requirements of the Turkish citizenship program. All you need is to inform managers at the start of our cooperation (at the first meeting) that you plan to participate in the investment program.

Obtaining Real Estate Current Value Certificate

Before applying for Turkish citizenship, you must receive an official assessment of real estate compliance with the cadastral value. When choosing and buying real estate, it is important to consider that the cadastral value is usually lower than the market price. Evaluation is carried out exclusively by companies authorised by the Capital Markets Board.

Obtaining a Certificate of Eligibility for the Program

After an official assessment, the applicant requests a certificate of conformity from the Office of Foreigners of the Land Registry Department at the location of the purchased property. If the owner meets the criteria, he receives a document confirming compliance with the established requirements within one week.

Obtaining a residence permit

The application for Turkish citizenship involves the preliminary registration of a residence permit by a foreigner for himself and his immediate family. In addition to the standard set of documents, you will need to attach a copy of the act of compliance with the established requirements. The applicant is issued a residence permit of a special category valid for a year and is registered by locality.

Applying for Turkish Citizenship

The application is submitted to the General Directorate of the Land Registry and Cadastre. After receiving the application, the TAPU Issuing Department checks the appraised value of the property, compliance certificate, and confirmation of the full settlement with the seller. The decision is made within 3-7 days after you can contact the General Directorate of Civil Registration and Nationality with a package of documents. On average, the decision to issue a Turkish passport takes several months.

If you find all the benefits of the investment conditions provided by Turkey attractive, then this program is for you. The Status Property professional team will be happy to assist you with a real estate purchase in Alanya and the registration of Turkish citizenship in return for investment. Contact us!

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