Citizenship By Investment

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Information About Turkish Citizenship

Turkish Citizenship Documents

You also need to notarize the sales contract with a note stating that the property cannot be sold by you for at least 3 years. Now you got your property, it is time to start the citizenship process. It grants residency, citizenship and a second passport to applicants investing either in real estate or a bank deposit.

Turkish citizenship 250.000 USD

Applicants can become a citizen of Turkey in a short period of time. After becoming a Turkish citizen, applicants can enjoy all the benefits that come with Turkish Citizenship. As a naturalized Turkish citizen, an investor can set up a business in the UK. In addition, the USA provides enhanced opportunities to Turkish citizens, and investors are able to consider relocation alongside their entire family. This program requires an applicant to purchase a property of 250,000 Euro value.

Turkish Citizenship Services

When you become a citizen, your spouse and children under the age of 18 automatically gain citizenship within the same application process without making any additional investment. 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. The citizenship application process is not so hard but can be complicated and challenging due to official transactions if applicants would like to apply for it on their own. At this point, Home World Alanya guides its customers all through the citizenship process. You can find all the required steps to get Turkish Citizenship by investment in the following.

Turkish citizenship 250.000 USD

Turkey has become more attractive to foreign investors in recent years. The private offices will help those who apply for getting Turkish citizenship. Applicants don’t have to reside in Turkey during the citizenship application process. It is sufficient for foreigners who wish to acquire Turkish citizenship to submit documents such as diplomas and passports obtained from foreign authorities during the application, with Turkish translation and notarization.

Should I Buy One Property For 250 000$ Or Multiple Properties Is Okey?

Yes, but you have to wait at least 3 years before you sell your property. You must write an official promise in the title deed stating that you commit not to buy the property before 3 years. Yes, foreigners who own properties with a total value of more than $ 250,000 are eligible to apply for Turkish citizenship. Not only housing but you can also earn the right to be a Turkish citizen by purchasing different kinds of real estate such as an office, a store or an estate.

We also provide law consultancy service with our contractual lawyers and operate all the transactions before government agencies and legal authorities. Acquired rights of Turkish citizenship will prevail for a lifetime. Applying to Turkey citizenship is an easy process and provides a variety of valuable options.

However, the renewable energy industry, the defense industry and the mining sector have also grown significantly. Turkey provides access to free education, free public medical care and allows foreign citizens to benefit from Pension Programs. The Turkish government also provides generous support programs for innovation projects, employee training initiatives, and exporters through various grants, incentives, and loans.

Turkish citizenship 250.000 USD

The title deed of the property must be registered on the person, for whom the citizenship is applied. The person who transfers the property value from the bank to the seller’s account must also be the person named on staying permit turkey the title deed. A birth certificate or a similar document showing the identity information of the person, and if married, a birth certificate or similar document proving the family ties of the spouse and children.

Company Registration In Turkey

You want to make a sound decision, and research will be the guiding light to gain Turkish nationality by investment. Photocopy of the title deed of the purchased property or a copy of the pledge of sales contract with the notary public. You need to have purchased money at least 500,000 US dollars or equivalent foreign currency or equivalent Turkish Lira for three years as determined by the Ministry of Treasury and Finance. Anyone who wants to be a Turkish citizen can apply for Turkish citizenship if they meet the investment conditions. Without requiring the presence of the applicant in the country for Turkish citizenship, Trem Global conducts all transactions as a proxy.

Turkish citizenship 250.000 USD

It’s days period depending on the applicant’s number of family members, documentation. The partner and children of the foreign investor may also benefit from the right of citizenship. The purchase of property abroad is a major decision in anyone’s life. Even though you will be provided will all the details of apartments through catalogs, photographs, and descriptions, we strongly recommend that all our clients come and see our apartments for themselves. Our experienced team will organize your trip and will provide an agent ready to answer all your questions and help you out during your property viewing trip.

Turkish citizenship by direct real estate investment, requirements of eligibility and application steps for citizenship are quite easy in Turkey.You can get real estate consultancy by the professional team of Projescope. The total time includes the beginning process of citizenship application, delivering process of all needed documents, and the signing of the approval of granting Turkish citizenship by the Turkish Government. No, you should not sell your property explicitly 3 years after your purchase.

After receiving the required documents, the application can be made to the General Directorate of Population and Citizenship Affairs. In case you want to transfer your assets to the seller’s account via any Turkish Bank. Your investment consultants will guide you through this process. You can sell your property once the required time expires and Turkish Citizenship is granted. The most important motivation of foreigners’ interests in getting Turkish citizenship is the power of Turkish passport. In 2018, Turkish passport took 39th number in the ranking with 114 points, providing visa-free entry to 72 countries, entry to 42 countries via getting visa in the borders and entry to 7 countries by getting online visa.

The title deed administration checks this appraisal report and checks the eligibility for Turkish citizenship transactions. A valuation report from real estate agents or consulting firms other than a licensed real estate appraisal company is not considered valid. Efforts to lure foreign investment have reached to a new level with the launch of citizenship by investment program in January 2017. The program offers a variety of investment vehicles to choose from, including real property, bank deposit, sovereign bonds, real estate investment funds and venture capital funds . Yes, all kinds of properties are sufficient for foreign real person to apply for Turkish citizenship.

It is possibible to purchase more than one real estate with a total value of at least USD 250,000 within your investment processes. However, it is important for the validity of your application to be synchronous. Similarly, in order for the application to be valid, the values submitted to the Directorate of Land Registry and Cadastre must exceed USD 250,000. Yes, you will be given equal opportunities with turkish citizens including right to vote and holding government offices for investors through TCBI scheme. These companies may acquire property and limited rights in rem in order to engage in activities set forth in their articles of association. For this purpose, companies are required to apply first to the governor’s office where the property is located.

Turkish citizenship 250.000 USD

No physical presence or interview is needed during the application process. All immovable property and defined in the law as a property such as land, hotels, and house shall be within the scope of this “Regulation”. The “Regulation” did not define the property being law firm possessed, only specified the quantity “a real state of 250,000 USD”. What is important is to ensure the easement of real rights and payment is done for the relevant real estate. Regardless of the construction completeness level or the right/permission to use.

Turkish citizenship 250.000 USD

Financial declarations nor criminal background check documents are required. Translate the marriage and all family documents to Turkish language. As this law is declared by the Turkish President just yesterday, we expect the new decrees and instructions at the Immigration Directorate, Land Registry and Cadastre General Directorate, and Ministry of Interior Affairs and Tax Office.

Homeowners are also attracted to the green landscapes in the area and peaceful atmosphere that adds to the area’s cultural status. Being part of Buyukcekmece district, neighbouring Beylikduzu, Esenyurt is considered one of the rapidly surging areas in the real estate market of Istanbul. The affordable commercial style property projects suitable for corporate environments and buy-to-let apartments are prominent trends in this area. Luxury compounds offully services facilities are among the dominant options found with competitive pricing. Istanbul, Turkey’s largest province and the country’s icon of tourism, modern life, dynamic center of business and commerce that brings together two of the world’s largest continents . The sizable transformation projects, world-class logistics; health and education sectors, attract in-city foreign workers, businessmen and Turk nationals to purchase their next residence in Istanbul and benefit from those metropolitan privileges.

Your wife and your children, who are 18 years old or under that age, have to apply for Turkish citizenship by way of your application. Since you are the owner of the property and you already gain citizenship, they must apply for citizenship Turkish work permit through your referral and application. No, cash is not an accepted payment method for this type of purchase in Turkey. You should have a bank account and you should document the money transfer from the buyer to the seller.

Firstly, you can have a video conference call with one of our sales consultants. All your questions related to the real estate sector in Turkey can be answered and presentation for the properties can be made online. You can also have a video conference call with the lawyer as well to ask your questions related to the Turkish citizenship application process. Same-day or the following, we can take you to meet one of the law firms we collaborate with.

  • Only the applicant may visit Turkey and apply on behalf of his/her family with the required documents.
  • As part of our services, we provide a licensed valuation approved by the Capital Market Board in accordance with valuation standards.
  • It give its owner the same rights as are the rights of Turkish citizen, except for the right to vote and mandantory military service.
  • Our investment for Turkish citizenship practice includes; buying, leasing, and selling residential and commercial properties to both domestic and foreign customers in Turkey.
  • The payment amount of at least 250,000 USD must have been transferred from the buyer to the seller through the bank prior to the title deed transfer.

The procedure starts with a free consultation about the details of the investment program. Once the investment decision is taken, we sign an Engagement Letter and share our template Power of Attorney for the investor to be issued inside Turkey or in the Turkish Consulate where the investor lives. Due diligence procedure regarding the chosen investment option will follow the issuance of power of attorney. Our lawyers will provide a report regarding the appropriateness of the chosen investment whether it is property or other types of investment.

Turkish citizenship 250.000 USD

Attorney support is important from the time of investment until the point of citizenship. The first thing that the foreign investor should do for the application of Turkish citizenship through investment is deciding types of investments he/she will apply. The lawyer shall provide legal advice to the client in which it is more logical to apply to which investment. For example, land registry transactions can be transformed into a complex process for foreigners in the acquisition of Turkish citizenship through purchasing house. Topo Law Office provides professional legal services to its clients at every stage of the application for Turkish citizenship by investment. After the amendment to the naturalization laws in Turkey in 2018, foreigners can obtain Turkish citizenship through several methods, including real estate investment, bank deposit and investment in economic projects.

I approached Relocate Yourself after seeing the positive reviews. If anyone looking for any type of visa, I would recommend their service. A Turkish passport would grant you visa free/ or on arrival access to 115 countries, including Japan, S. Korea, and the majority of S. Turkish citizens also benefit from easy visa access to the US, UK, EU, Canada, and Australia. After receiving your Turkish citizenship, you must hold the property for at least 3 years, after which you can resell the property or hold for 5 years to avoid capital gains tax.

Turkish citizenship 250.000 USD

Making a property buying plan with an experienced real estate company and expert lawyers will make the process easier. If the buyer of the real estate is constantly engaged in the purchase and sale of real estate during the sale phase, the value added tax is applied to the sale price as it makes a commercial gain. VAT is not applied to real persons who acquire the property for their own use and do not earn commercial gain by continuously trading.

Turkish citizenship 250.000 USD

The property valuation report must be prepared by official valuation experts assigned by government. Pledge not to sell the property for a period of not less than 3 years in the form of an annotation added to the land registry. In addition to that, the employee responsible to organize and check the documentation is not responsible for checking the validity of the promise to sell contracts.

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