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Turkish Citizenship By Owning Property Worth $250000
Where To Apply For Turkish Citizenship And Turkish Passport?
Unfortunately, few were keen on this amount and so few foreigners invested in the program. However, with the revision to $250,000 in mid-2919, there was a spike in the number of investors to the countries, most especially from Iraq, Iran, and the Russian Federation. Turkish citizenship process, finalizes within 30 days from the day of application.
In addition, Turkey offers a favorable business environment with special trade areas set up by the Turkish government, including customs unions, low tax rates and other generous perks including government programs to develop and support businesses. Your married partner and minor children can also acquire Turkish citizenship under your application without further investment. Your disabled children over the age of 18 who need your care can also become citizens without any additional investment by submitting the required documents. If the file is approved, the citizenship decision of the investor and his family will be issued, passports and national identity cards can be received from Turkey or one of the Turkish representations abroad.
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Leading property consultancy company specialized in a wide range of sales and investment opportunities in Turkey. A- If a investor buys property worth more than $250,000 and keeps it for atleast 3 years before reselling. Therefore, the investor has full access to it, as the owner and landlord and is fully entitled to live there or rent out the property. The Turkey Citizenship-By-Investment Program offers eligible individuals and their families the opportunity to obtain full legal citizenship and passports upon making a qualifying investment in Turkey.
The European Union is planning to introduce visa free travel for Turkish citizens. The investment made and claimed by the foreign national is monitored and confirmed by the relevant government authority. Once the investment is confirmed by the relevant governmental authority, the foreign national is granted Turkish citizenship. Former Turkish citizens who were forced to give up their Turkish citizenship can apply for the Blue Card , which gives them some citizens’ rights back, e.g. the right to live and work in Turkey, the right to possess land or the right to inherit. The reduction of the minimum limit to invest for citizenship is expected to double property sales and bring in cash which would otherwise be invested in Greece or other European Union countries, sector officials said. ISTANBUL – Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens, in a move expected to double annual property investment by foreigners to around $10 billion, according to sector officials.
The Process Of Turkish Citizenship
Our professional and dynamic team of property investment consultants is ready to assist you with the most suitable options possible. Our in-house-lawyers are qualified for the subject and willing to help you throughout the process. Over the last 12 years Property Turkey has developed the business and the brand helping over 1000 clients from 18 countries to invest in over 900 properties in turkey. Our status as an industry leader, Property Turkey guarantees a solid bargaining power in securing favorable prices and payment terms. Turkey has gained international investors’ attention, especially in the last decade, thanks to its living standards and the developed healthcare system as well as its scenic beauties. This attention also leads to an increase in citizenship applications.
Applicants may add family members, including unmarried adult children over 18 years of age as well as a second wife, if the USD 500,000 bank account deposit option is chosen. Turkey citizenship applicants must be at least 18 years of age and have a clean criminal record. The main applicant may also add dependents to a citizenship application, including his/her spouse, minor children, and adult children who are unmarried. Quick Route To Residency – This programme is one of the quickest routes to acquire turkish citizenship. After you have successfully invested $250,000 in any real estate project of the country, an applicant is entitled to obtain a Turkish passport in a couple of months.
How To Obtain Turkish Citizenship By Property Investment?
6- After the contracts are signed, a statement is entered into the registry of the real estate that the property will not be sold for three years. If you decide to buy a key-ready property, you will need to make cash payment for the purchase in most cases . If you decide buying an off-plan property, again the payment can be requested cash or with a payment plan. Next, we will help you to get a tax number which you will need in the future for several needs.
However, if you like to come and get it done in Istanbul one of our English-speaking attorneys will help you to get fingerprints and apply for Turkish ID card and passport. We actively take part in the following phases to manage the process under the best possible legal framework from A to Z and in full compliance with the related official regulations. Citizenship applications requires careful and professional attention by specialized immigration lawyer who knows ins and outs of this process and who can represent clients vis-a-vis government authorities. Investors can freely benefit from the interest / rental income of above mentioned debt instruments blocked in their investment account. The same property cannot be subject to citizenship acquisition again after being used once. If you like this article, feel free to contact Istikrar property and share it with your family and friends.
We work on Citizenship by Investment Program of Turkey since 2014 as a well-known and trustworthy legal and investment advisor. We are willing to be your fellow throughout the citizenship process with our experienced lawyers and advisors. We have successfully completed 100+ citizenship application for investors from many different countries.
To become a Turkish citizen, purchasing real estate is the easiest and fastest investment method compared to the other 5 options. Any real estate investors buying at least USD 250,000 worth of property in Turkey would be a Turkish citizen in a period of 3 to 4 months and immediately begin to take advantage of it. In the last 20 years, Turkey has emerged as a major global influence in business, investment, tourism and expat living.
Benefits Of Getting Turkish Citizenship By Investment
Ministry will have to make sure that the value of real estate is minumun $250,000. Property valuation companies verify the correct price in order to prevent from price fraud. We, as Summer Home, guarantee you the right price of the property on you appraisal report.
International Students need to find a job for this purpose after their study as students cannot apply for citizenship soon after living five years in on student visa. However, if a student marries a Turkish citizen or follows another program, nationality is possible accordingly. By buying at least $ 250,000 worth of real estate to foreign investors sold the land registry annotation of three years for the acquisition of citizenship by Turkey Property investment is required for diagnosis. Foreign nationals can also apply for agreek residence permit for financially independent persons, which is issued to foreign nationals whose home country incomes exceed €2,000 per month. The applicant’s spouse and children below 18 years old also qualify but the minimum income increases by 20% when applying with a spouse and by 15% per child. Residence permits for financially independent persons are issued for two years, and they can be renewed every three years.
This can be fulfilled either by purchasing asingle propertyormultiple properties, with provisions of regulations. , I didn’t have to take almost any action, they took care of everything for me. Part of our business is in Turkey, so I wanted to become a Turkish citizen. All my transactions were completed in 60 days, I got my ID and passport. I had a lot of questions and concerns in my head and they solved all of them.
