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Turkish Citizenship by Investment in Return for Buying A Property

by KingClap
Turkish Citizenship by Investment

Turkish Citizenship by Investment for real estate investors or in exchange for buying property, in other words is an issue that has captured the hearts of many Arab investors and its demand is increasing every day. And that gives us a lot. Questions and concerns about the buyer citizenship process

Turkish real estate These are the most important questions:

  • What are the conditions for Turkish citizenship?
  • What documents do you need to do this?
  • How long does it take!

First of all: Why does Turkey grant citizenship to investors? And what will happen!

At the end of 2018, the Turkish government adopted a decision aimed at upgrading the mechanism for Turkish Citizenship by Investment for foreign investors. Its purpose is to stimulate the economy and attract foreign capital. In three main ways:

  • First of all: Invest in a state-owned bank worth $ 500,000.
  • Second: Establishment of a company with a registered capital of $ 1 million and employment of 50 Turkish employees.
  • Finally: Have at least one property worth $ 250,000.

Real estate assets were the cheapest of all according to previous options. And even the fastest acquisition of citizenship.. But what are the conditions for Turkish Citizenship by Investment through property investment?

Conditions for Turkish Citizenship by Investment for real estate investors

  • First, you must buy at least $ 250,000 in real estate or a real estate group, whether or not the property has been sold in the last three years to be allowed to apply for Turkish citizenship. 
  • The second condition is the property that was recently bought and sold by a Turkish construction company. Or if you want to buy a property for resale, the owner must just leave.
  • Third condition: the mortgage bank does not have any property to buy.
  • Fourth condition: Appoint a lawyer in the Turkish Citizenship Office.
  • The fifth and most important condition: the property must be evaluated by an approved evaluation committee to ensure that it complies with Turkish citizenship law.

What is a property appraisal? Do you have to get Turkish citizenship?

If you are interested in investing in real estate to Turkish Citizenship by Investment or buy property in Turkey in general. Do not miss the property appraisal. Because it is important and an important part of the investment process. Why foreigners in particular? I’ll tell you.

  1. A property appraisal report that shows the price of the property you want to buy.
  2. Avoid falling into the traps of fraud unfamiliar with the Turkish market
  3. This is an official and mandatory document in the process of registering a title deed in the Turkish province of Taboo.
  4. The main goal is to create a safe investment environment for foreign investors.
  5. You can not start the process of Turkish Citizenship by Investment without submitting a real estate appraisal. This is because it is an important part of the paperwork needed to complete the transaction.

There are several government-approved real estate appraisers in Turkey that can be used in this field. If you find this complicated, do not worry. Real Estate Investment in Turkey is here to help you through every step of the way.

What documents are required to Turkish Citizenship by Investment?

The next step in selecting a property and approving a property appraisal is to appoint a lawyer to prepare the case file for Turkish citizenship. Let’s take a brief look at these documents.

  • First, a taboo certificate
  • Second: Real Estate Appraisal Report
  • Third: Bank receipt issued from the buyer’s account.
  • Fourth: Two copies of the Turkish Citizenship Application Office.
  • Fifth: The passport has been translated into Turkish and approved by Notre.

We may make changes to the required documentation.

How can my family and I get Turkish citizenship?

One of the most common questions we receive is: Can I give Turkish citizenship to my spouse and children if I buy a property for $ 250,000? Yes, Sure. In this case, spouses and children under the age of 18 can be granted Turkish citizenship. However, older people are not eligible for citizenship with other family members. Apply for Turkish citizenship in exchange for assets under construction or in installments

Some people believe that it is possible to buy a property under construction, but not a citizen. However, if the down payment is equal to the required amount ($ 250,000) and if the down payment is low, you will have to wait for the full amount to be paid in installments commensurate with the amount required. And you have a bank receipt of a certain value ($ 250,000) and then apply for citizenship.

Will the down payment for several properties under construction be $ 250,000?

Some of our clients have bought several apartments in a complex that is still under construction. With a total payment of more than $ 250,000, you can start the Turkish citizenship process. Therefore, the main point is to get the required amount. It doesn’t matter who you meet and it comes from one property or several properties. Also, only if the total amount of the property is less than $ 250,000, for example 140,000. In this case, you can keep the paid bank transfer receipt.

Buy another property for $ 110,000 or more and apply for Turkish citizenship based on a total of two assets of $ 250,000. All the above information is the result of the work experience of multinational clients in Real Estate Investment in Turkey Company and provides assistance and advice in all cases related to Turkish Citizenship by Investment in exchange for ownership. Remember to be here to do this.

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