What countries grant citizenship in return for owning a property?

Obtaining citizenship in some countries is complicated and usually requires taking into account many conditions and requirements and however, there are a number of countries that offer special programs that allow foreigners to obtain citizenship easily by purchasing real estate on their lands, and this form of citizenship in return for owning a property is an attractive opportunity for individuals who wish to obtain citizenship in a new country and benefit from the benefits and privileges of citizenship in these countries.

In this blog, we will take a look at a group of countries that offer citizenship-by-property programs and we will learn about these countries, their conditions and requirements, in addition to the benefits of obtaining citizenship in each country and we wish you an enjoyable reading.

Learn about the countries that grant their citizenship in return for owning a property

1. Turkey: Turkish citizenship is granted to foreigners who buy a property with a value of no less than 400,000 USD, with the property not being sold for 3 consecutive years.
2. Cyprus: Cypriot citizenship is granted to foreigners who own real estate with a value of at least 2 million euros.
3. Grenada: Grenadian citizenship and a passport are granted to foreigners who buy real estate with a value of at least $220,000 USD, with no possibility of reselling the property for a period of 5 years.
4. Spain: Foreigners can obtain Spanish citizenship on the condition of purchasing a property with a value of at least 500,000 euros, obtaining permanent residence and the opportunity to apply for citizenship after 8-10 years.
5. St. Kitts and Nevis: Foreigners who buy a property in St. Kitts and Nevis with a value of at least $200,000 are granted the right to citizenship and a passport after committing not to sell the property for a period of 7 years.
6. Dominican: Dominican citizenship is granted to foreigners who purchase government-approved real estate with a value of at least $200,000 USD.
7. Antigua and Barbuda: Antigua and Barbuda citizenship and a passport are granted to foreigners who buy real estate with a value of at least $400,000 USD, with the property not being sold for 5 consecutive years.
8. St. Lucia: St. Lucia grants its citizenship and passport to foreigners who buy real estate in the country with a value of no less than $200,000, with a commitment not to sell the property for a period of 5 years.

Reasons for the rush of investors to obtain Turkish citizenship

1. The right to reside and live in Turkey permanently and unlimitedly.
2. The right to move freely within and travel to Turkey without the need for a visa.
3. Obtaining a Turkish passport, which allows you to travel to many countries easily and without restrictions.
4. Access to health and education services in Türkiye on the same basis as Turkish citizens.
5. Benefit from the Turkish social welfare and social security system.
6. Job opportunities available in Turkey as a Turkish citizen with all rights and privileges.
7. Obtaining permanent residence for the family and minor children.
8. The right to enjoy real estate property rights and contracts in Turkey.
9. The right to vote and participate in political and local elections.
10. The right to run for public and government positions in Turkey.
11. The right to diplomatic and consular protection by the Turkish state.
12. Easily obtain visas to enter other countries.
13. Benefit from local tax laws and tax cuts available to Turkish citizens.
14. The right to establish companies and invest in Turkey directly and with local benefits.
15. Equal access to healthcare services and health insurance in Turkey for citizens.
16. Benefit from education and training programs available to Turkish citizens.
17. The right to obtain government support and financial assistance available to citizens.
18. The right to enjoy intellectual property rights, innovation and intellectual property protection in Turkey.
19. The right to benefit from the social and cultural services available to Turkish citizens.
20. Benefit from rehabilitation, vocational training and employment programs in Turkey.
21. The right to legal and judicial support and legal protection in Turkey.
22. The right to legalize and legally recognize documents and certificates issued by Turkey.
23. Benefit from governmental and private educational programs in Turkey.
24. The right to own and invest in vital sectors such as real estate, tourism and trade in Turkey.
25. Benefit from government support and funding for economic projects and investments in Turkey.
26. Benefit from research and innovative programs and projects in Turkey.
27. Benefit from cultural and artistic programs and projects in Turkey.
28. The right to benefit from grants and benefits for Turkish citizens such as social and retirement insurance.
29. The right to access sports, cultural and entertainment competitions in Turkey.
30. A sense of belonging and integration in Turkish society and participation in its development and progress.

What are the conditions for obtaining Turkish citizenship?

1. Buying a property with a value of at least $400,000.
2. Not selling the property for at least 3 years.
3. Selling foreign currency to the Turkish Central Bank and exchanging it for Turkish currency.
4. That the property purchased with the aim of obtaining Turkish citizenship is sold for the first time for this purpose.
5. The property must have any type of title deed (complete title deed, title deed).
6. The owner of the property must be of Turkish origin and not a foreigner who has obtained Turkish citizenship in any way.
7. The sale of the property must be done through bank transfers, and it is forbidden to trade in the property and cash sale (delivery of the amount by hand).
8. The method of paying the value of the property is in cash, and installments are not accepted unless the value of the first payment is more than 400 thousand dollars.

Common questions

What is the property value required to obtain citizenship?

The required real estate value varies according to each country and the government usually sets a minimum value of the property that must be purchased.

Should you invest in residential property only?

It depends on the policy of each country and in some countries, it is allowed to buy different types of real estate such as commercial real estate or hotels.

What is the property retention period before selling?

The property retention period before selling varies according to each country and usually the government sets a certain period in which the property must not be sold.

The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing in real estate in Turkey is only a way to gain Turkish citizenship or real estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.

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