Turkish citizenship law was updated with the “Regulation Amending the Regulation on the Implementation of the Turkish Citizenship Law” published in the Official Gazette numbered 30540 on September 19, 2018 . Foreigners and their spouses who have purchased real estate (real estates such as workplaces or houses) worth $250,000, as well as their children under the age of 18, have been granted (exceptionally) the right to acquire Turkish Citizenship.
Turkish citizenship is given to foreigners who buy a house in Turkey, especially in order to encourage foreign investment. It has started to be used as a tool to buy real estate and citizenship, to serve the labor and economic policies of the states, and regulations have been made in many countries about the acquisition of citizenship through investment.
With this regulation and previous regulations and the regulations made in the Citizenship Law, the details of the procedure for the acquisition of Turkish citizenship by real estate, which is exceptionally Turkish citizenship acquisition, have been regulated.
Citizenship for foreigners who buy a house in Turkey
Foreigners, whose conditions are regulated by the Ministry of Environment and Urbanization, have to impose the condition that they cannot be sold for 3 years due to their citizenship application, and cannot sell this immovable for 3 years after purchasing the real estate worth $250,000. If they sell or dispose of it, their citizenship application or their citizenship will be canceled in terms of acquiring Turkish citizenship with real estate.
Foreigners can find a total value of $250,000 by purchasing one or more real estate. In case of separate title deeds, they must be registered to the same person and an annotation that cannot be sold for 3 years has been processed.
In order to determine this value, a report must be prepared by a licensed expert (appraiser) authorized by the Capital Markets Board (CMB). There are experts known by our company and the real estate companies we work with, and it is applied for the preparation of a report in accordance with the procedure of acquiring Turkish citizenship with real estate.
Conditions for obtaining citizenship with an investment of $250,000
Collection of Turkish Citizenship Application Documents
Other required documents are provided. Necessary documents are provided by the attorney if a power of attorney is given to the attorney, or by the foreign person if not. If there are documents that cannot be obtained with a lawyer, the person must provide it himself. Documents required for real estate acquisition and acquisition of Turkish citizenship are listed as follows:
Turkish citizenship by investment
Our company specializes in the acquisition of Turkish citizenship through investment, this detailed, complex and time-consuming procedure. It completes all the necessary stages with all the details in the shortest time without any problems. As a result of the Ministry of Interior’s research, the applicants’ citizenship is approved if there is no obstacle (membership in a terrorist organization, etc.) to obtain citizenship. Although this is a time-consuming procedure today, time can be shortened with the right steps.
Our firm works with real estate companies and offers alternatives and advice on real estate and investment to be purchased.
The steps to be taken are briefly as follows:
Other conditions of being a Turkish citizen
With its unique geographical location, rich and deep history, and being famous as a cradle of various cultures and civilizations, Turkey is a privileged choice for the citizens of foreign countries and their families.
New residents of Turkey mainly include those from the UK, Germany, Ireland, Denmark, the Netherlands, Norway, Austria, Belgium, France, the USA and various Gulf countries. Upon the abolishment of the reciprocity principle in the Ownership Act, foreign nationals from all over the world, who are the purchasers of and investors in real estate are now able to trade in real estate within the borders of the Republic of Turkey.
In Turkey, where the real estate industry grows very fast, there are houses suitable for those at all levels of income. From apartments located at the center of cities, to detached houses within the suburbs and, luxurious houses, where a variety of services is offered, there are many different alternatives. Especially modern mass housing projects in metropolitans offer all types of facilities to meet requirements for living in a city such as private security, children’s parks, playfields, social facilities, car parks and shopping centers etc.
GDP recorded 21.7 percent growth in the second quarter of 2021.
In the second quarter, the agricultural sector 2.3 percent, the industrial sector 40.5 percent and the services sector (including construction) has increased 20.5 percent growth.
The growth rate of the season and calendar effects was 0.9 percent in the second quarter of the year.
In the said period, total constant capital investments increased by 20.3 percent; Special consumption and public consumption expenditures increased by 22.9 percent and 4.2 percent respectively. The contribution of net exports to growth has been 6.9 points.
Construction investments under Total SSY increased by 1221 percent in the second quarter of 2021 and the machinery equipment investments increased by 35.2 percent.
In this period, the contribution of private consumption to growth is 13.7 points, while the public consumption has contributed 0.7 points to economic growth.