Citizenship By Investment In Turkey
Our Citizenship By Investment Products
If you’re planning on moving to Turkey long-term or in the future, the government provides pension programs for citizens. Turkey is the perfect location between East and West to establish any business, with international links and government schemes to encourage investment and SME businesses. Are you hoping to acquire Turkish citizenship for you and your family in the near future?
In short, the house you bought in Izmir for 100 TL 3 years ago is worth 187 lira today. While the whole world is in the process of staying permit turkey virus and pandemic, such a performance is not bad at all. The data belongs to the owner of Turkey’s largest real estate website.
Steps For Turkish Citizenship Application By Real Estate Investment
With our swimming pool, social activity areas and after-sales service office you can make use of completely free of charge. For investors aiming at depositing money in a Turkish bank, the certificate of eligibility approved by the Agency for Banking Regulation and Supervision in Turkey must be obtained. Foreigners who buy a Property in Turkey have the full ownership of the property or land. It’s as low as in taxes comparing to the cost of living and taxes in EU and USA. Foreigners should project the approval to the Ministry within 2 years. If the project is not submitted or determined to submit by Ministry within 2 years or the property is used contrary to the purpose of acquisition, the price will be returned to the related person.
Summer Home will provide you with further information once you will decide to apply for Turkish citizenship. Investors who acquired Turkish citizenship can also invite their relatives via visa invitation letters. The transfer of the sales price can be made in foreign currency or in Turkish Lira through foreign banks or through the banks in our country. According to the above situation, children who lost Turkish citizenship can gain Turkish citizenship by exercising their right to choose within three years after they become adults. Marrying a Turkish citizen does not entitle the foreigner to obtain citizenship directly.
Additional Cost For Turkey Citizenship
Option A –Purchase a real estate property for minimum USD 250,000 and hold the ownership of the property for at least 3 years. The buyer should make the payment from his or her account to the bank account of the seller. Moreover, a buyer has to provide proper bank receipts for the same. The applicant can include his or her spouse, dependent children who are below the age of 18.
Likewise, prosecution, conviction or detention for any offense is grounds for refusal of a citizenship application. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice.
Regarding the payment of your real estate purchase, you have the option to transfer the required amount from your bank account back in your country or from the new Turkish bank account which you can open. If you choose to transfer the payment from your country, the sender for the bank account should match your full name exactly the same as your passport. If you choose to transfer the payment from the new Turkish bank account of your own, the sender will be you anyhow as requested from the Turkish government.
The program has a simple application process, without the investor’s obligation to declare assets or income derived in other countries and without the need for physical presence. Whether buying property as an alternative residence or as a solid investment with high ROI potential, there is a wide range of modern apartments and luxury beachfront villas, all at highly competitive prices. Investors can benefit from rental income and resell after 3 years.
The Third Stage Of The Government Program For Obtaining Turkish Citizenship By Investment:
If your children are over the age of eighteen, they are only eligible for Turkish citizenship under your application if they are disabled and require full-time care. Other option is to purchase two units of properties valued over $250,000 and use one of them towards the application of your daughter or son over 18 years old. It is possible to change the currency or type of investment which is mentioned in Regulation (such as purchasing a real estate investment fund share and capital investment trusts fund share with a minimum value of $500.000). However, in case of shifting the amount to another investment type, such process should be instantaneous and there should not be any interruption for three years period.
Imtilak Real Estate is the best, largest, and the finest real estate company in Turkey. Imtilak received us at the airport at the best way possible, and they used to come to my house and take me to see the real estate on the ground. Thanks to the great experience employees of Imtilak have, they carried out all the matters regarding the purchase of the property and procedures, which I obtained in 3 months only. Holders of an ordinary Turkish passport may travel without a visa, or with a visa received upon arrival, to 111 countries, as of 2021 according to the Henley Passport Index.
Citizenship acquired by birth, shall be valid from the date of birth. There is no need to apply or notify to get a permission, consent or decision of any person or authority for the validity of acquiring the citizenship by birth. When you buy minimum $250,000 worth real estate you’ll be able to apply for getting the Turkish Citizenship via the General Directorate of Land Registry and Cadastre. Then you send your application to the Ministry of Environment and Urbanization, whose Appraisers check and verify the real value of your properties. If you’re suitable candidate for the citizenship, the Ministry places a statement on the Title Deed stating that you may not sell it for 3 years but you still can use it or rent it.
Property Guide Turkey is a Real Estate and legal consultancy company registered in İstanbul Chamber of Commerce. Constant raise of property prices due to the high demand to the Turkish Citizenship Programme as well as to the properties in the most politically stable country of the region. Property Istanbul is the real estate channel that allows you to find information about all the brand new projects in Istanbul built in the last 20 years. It directs you the construction company directly for the projects which are under construction.
You can apply for on the first day or after 5 years. If your spouse, who is a Turkish citizen, dies before you apply for Turkish citizenship, your right to apply for Turkish citizenship will continue. Once you meet all these criteria, you can apply for Turkish citizenship.
If you get married to a Turkish citizen then you only need a 3-year residency to qualify for Turkish citizenship. Birth Certificate A government-issued document that shows a) name and surname, b) name and surname of mother and father, c) city and date of birth for each applicant is necessary. A court document is sufficient if proper birth certificate doesn’t exist. Title Deed Transfer Process- In the transfer of the title deed, we have an attorney present at all instances to check any problems that have the possibility of occuring and to prevent them.
Application processes especially when dealing with bureaucratic and legal processes are usually difficult to understand. We try to explain the application process for the Turkey Citizenship by Investment Program as simply as possible. The support in the application process and the communication from the consultants of GCI was excellent all the time. Traveling to and within Europe is very pleasant with the Turkey passport. This second citizenship has greatly simplified the opportunities to expand my international business. • When you apply for citizenship, you are not required to declare your assets or income.
Divorces are noted in birth certificates at the request of the bearers, who are required to keep their certificates in order. Not only can you earn good-looking passive rental income but also, after three years, you may re-promote the property at increased rates. Aside from the bureaucratic red tapes you will face, you and your wife will not be seen as second class citizens by the average Turk. Turkish people love it when foreigners come here and show interest in learning Turkish, and our culture (which you aren’t that far removed from anyway).