Imtilak Real Estate
Istanbul is one of the biggest cities in the world in terms of population. More than 20 million people live in Istanbul and there are 5,4 million properties in Istanbul. Although Istanbul’s real estate market is one of the most popular and profitable ones, it is also important to buy the right property in Istanbul to have a solid investment. In this website, we prepared different articles and listed the best projects for you in order you to be more accurate when you buy apartment in Istanbul. • Turkish citizens can acquire a long-term residence permit which allows individuals to live in Turkey without a limited residence period. About 15 days after the purchase, the title deed gives you “uygunluk belgesi” which allows you to apply “yatırımcı ikamet belgesi” , just after the latter, you can apply for the appointment of Turkish citizenship.
Our Dedicated team will walk you through the whole process, making sure your investment is securely handled and all legal documentation is properly filed under the Turkish law. The buyer may purchase more than one immovable with the amount provided by law on condition that immovables will be purchased on the same date. Following expression must be specified in the description of immovables; “Under the law, there is a commitment that immovables will not be sold within three years from the date of acquisition”. The absence of the seller’s bank account is not important, it is sufficient to prove that the transfer of money to the buyer’s account is carried out by the statement of account. “It is possible to acquire Turkish citizenship as an exceptional basis for foreign nationals who purchased immovable valued at least $250,000 which were determined by the Ministry of Environment and Urbanization not to be sold in 3 years.
*foreigners Buying Property Real Estate In Turkey Can Obtain Turkish Citizenship
Turkey holds great wealth like natural beauties, cultural values, historical structure and geographical advantages. Turkish passport and Turkish Citizenship is a very important terms for many foreigners. Obtaining Turkish Citizenship and passport is very easy nowadays. Foreigners may gain Citizenship and passport with the occasion of buying a property or making an investment on the requested amount.
Investors who acquired Turkish citizenship can also invite their relatives via visa invitation letters. The main condition of VAT resident permit turkey exemption is the money should be transfer to Turkey from abroad. You need to work with a lawyer to apply for Turkish citizenship.
Advantages Of Getting Turkish Citizenship By Investment Are:
Turkey is a country that you can live where modern life meets with the Muslim lifestyle. While the world has been increasingly globalized and travel has become such a popular desire for all the people, having visa-free access is a very useful asset. Individuals want to transcend the borders and access various business, career, cultural and lifestyle opportunities on a global scale.
The income tax for the previous year is payable like annual rental income tax. Turkey produced several lucrative investment opportunities during the past 15 years including real estate, automotive and other domains. Besides the potential job offers for skilled and unskilled workers alongside new markets for young entrepreneurs and small size project managers.
Investing 250 000 Usd In Real Estate Field Gives You The Right To Become A Turkish Citizen
After the appointment date he/she can directly return to his/her country and rest of the proceedings will be carried out by the attorney. Some regulations regarding the transition to Turkish citizenship have been changed. The fixed capital amount envisaged in order to gain the right of Direct Transfer to Turkish Citizenship was reduced from 2 million dollars to 500 thousand dollars. The minimum amount required for the transition to citizenship of immovable property owner foreigners in Turkey were shot at $ 1 million 250 thousand dollars.
After the mandatory investment processes are finalized citizenship applications may start. All family members including husband/wife and children under the age of 18 can acquire Turkish Citizenship. The annotation on the land register is lifted off at the end of the required investment holding time and the property can be sold if necessary. Turkish citizenship process, finalizes within 30 days from the day of application. Furthermore, temporary residence permit is given to the real estate purchaser and their family members. Turkey has gained international investor’s attention, especially in the last decade, thanks to its living standards and the developed healthcare system as well as its scenic beauties.
How To Make Sure The Propertys Price Im Offered Is Convenient?
In this step, they will need to bring the required documents to the Provincial Directorate of Census and Citizenship. If the applicant meets all the conditions, Turkish citizenship will be issued for them. One of these will be the examination of the application in terms of national security worries of the authorities. Under this option one can choose between making a deposit to a Turkish bank, buying government bonds, purchasing shares in an investment fund or making a fixed capital investment. Regardless of where you decide to place your money, this deposit must be held for a minimum of three years and have a value of at least USD$ 500,000.
A Turkish passport allows visa free travel to 114 countries worldwide. Turkey also holds out the possibility of eventual visa free access to the EU. Currently, talks are ongoing, although Turkey has some way to go in order to meet EU conditions. After the finalization of Turkish Citizenship acquisition process, the foreigner and his/her family should come to Turkey to receive their Turkish id cards and passports. Along with the real estate purchaser, their spouse and kids under the age of 18 also get the right to be a Turkish citizen.