Turkish passport through real estate investment
The process of obtaining Turkish citizenship through real estate investment is a unique path that combines the desire to benefit from the advantages of living in Turkey and opening a new horizon of practical opportunities and we will explore how real estate investing can be a gateway to a Turkish passport, focusing on the benefits of this exciting route and the potential challenges investors can face.
Table of Contents
Benefits of obtaining a Turkish passport through real estate investment
- You can enjoy the freedom to travel to most countries in the world without the need for a prior visa.
- Obtaining Turkish citizenship gives you the right to permanent residency in Turkey, allowing you to live and work freely.
- The Turkish passport gives you the right to fully own real estate in Turkey without the need to obtain prior permission.
- Turkey is witnessing continuous growth in the real estate market, which enhances your real estate investment opportunities.
- You can benefit from the Turkish citizenship programs offered by the Turkish government to attract investors.
- Thanks to citizenship, you can work freely in Turkey without needing an additional permit
- Those with Turkish citizenship can benefit from the country's advanced education system and prestigious universities.
- The passport gives you the right to invite your family members to join you in Turkey.
- The Turkish passport allows you to travel to many countries freely without the need for a visa.
- Obtaining citizenship allows you to benefit from the health and social services provided to Turkish citizens.
Papers required to obtain a Turkish passport through real estate investment
The process of obtaining Turkish citizenship through real estate investment requires a set of official documents and procedures and this specifically includes the purchase contract for the property in question, which must be certified by the Turkish notary, in addition to attaching a copy of the tabu document (title deed).
The procedure also includes submitting a real estate evaluation report, which proves that the value of the property exceeds $400,000, and remains valid for 3 months from the date of its preparation and the procedure also includes a receipt for the sale of foreign currency to the Turkish Central Bank and its exchange for Turkish currency, so that the value is equivalent to the value of the property, and the reason for the sale is recorded in the receipt as a process to obtain Turkish citizenship, and this procedure is implemented through an intermediary bank.
In addition, a receipt for transferring the value of the property in Turkish Lira to the seller's account must be submitted through the same intermediary bank and it also requires submitting the applicant's tax number, and copies of the applicant's passports, his wife, and his children who are under 18 years of age, and they must be translated into Turkish and certified by the notary.
No less important is the document “Suitable for Turkish Citizenship” issued by the Ministry of Environment, Urbanization and Climate Change and the matter also requires the submission of a pledge by the applicant on the title deed not to sell the property for a period of 3 years, in addition to the wife’s approval or refusal for her and her children to obtain Turkish citizenship.
Steps to obtain a Turkish passport through real estate investment
First and foremost, it is recommended to contact a reliable real estate consultant in Turkey to obtain comprehensive information about the laws and conditions related to obtaining citizenship through real estate ownership, in addition to providing real estate offers that suit the requirements for obtaining Turkish citizenship.
After that, a real estate tour is agreed upon between the consultant and the investor, where the selected properties are viewed, and when the decision to purchase is made, the purchase contract is signed in the presence of the Turkish notary to ensure the validity of the contract and this is followed by requesting a real estate evaluation report to verify that the value of the property exceeds $400,000 and the evaluation is requested from licensed companies or from a committee affiliated with the Directorate of Land Registry and Real Estate Survey in Turkey.
Subsequent procedures include selling the foreign currency allocated to purchase the property and exchanging it for Turkish currency via an intermediary bank, then transferring the Turkish currency to the seller’s account, via the same intermediary bank and after that, the seller and buyer or their agent go to the Land Registry Directorate for procedures for transferring real estate ownership and obtaining the real estate title deed.
The final steps include submitting an application for a “conforming to Turkish citizenship” document from the Ministry of Environment, Urbanization and Climate Change, preparing the Turkish citizenship application file and submitting it to the Turkish Immigration Presidency and after obtaining Turkish citizenship and identity, the investor and his family can apply for a Turkish passport, and then the passports are sent to the investor’s address via the Turkish post office.
Cases of withdrawal of the Turkish passport, what are they?
After a period of time, even if several years have passed since the investor obtained Turkish citizenship through real estate investment in Turkey, cases of forgery may occur on the papers submitted during the citizenship application and in such cases, the Turkish authorities take firm action by revoking the granted Turkish citizenship.
There are also other cases in which the rights of a foreign investor who has obtained Turkish citizenship are equal to the rights of a native Turkish citizen, and these cases include the individual’s involvement in suspicious dealings with foreign parties or organizations hostile to Turkey and this behavior is against Turkish laws and can lead to the withdrawal of Turkish citizenship based on a judicial decision, especially when necessary evidence is provided, as in some cases, this may lead to involvement in legal cases that lead to imprisonment or deportation.
In both cases, it appears that maintaining the integrity and honor of the process through which Turkish citizenship is granted is vital, and that Turkish authorities are taking effective measures to ensure the integrity of the process and maintain its credibility.
In conclusion, obtaining Turkish citizenship through real estate investment turns out to be an exceptional and beneficial option, as Turkey's friendly doors are opened to investors who seek to improve their quality of life and expand their business horizons, as by following official procedures and cooperating with reliable real estate advisors, individuals can benefit from distinct investment opportunities that guarantee them acquisition of Turkish citizenship.
Related articles:
Renewal of real estate residence in Turkey 2023
Cheap villas in Turkey for sale 2023
Buying real estate in Turkey in installments
Endless options within the Turkish real estate market
The fastest way to obtain Turkish citizenship
Apartments for Sale in Istanbul
Successful real estate investment in Turkey 2023
Luxury real estate for sale in Istanbul 2023
Buying real estate in European Istanbul 2023
Obtaining Turkish Citizenship Through Real Estate Investment
Real Estate Investment in Istanbul 2023
Types of Turkish passport and the characteristics of each
Feature of residential apartments in Turkey
Advantages of buying a property in Turkey with Ist Homes
Commercial lands for sale in Istanbul
#Istanbul_apartments #real_estate_investment
