Turkey is an ideal destination for those seeking a blend of modern life and rich cultural heritage. Recently, Turkey has become a popular choice for those looking to obtain citizenship through real estate investment. This guide will walk you through everything you need to know about obtaining Turkish citizenship by buying property.
Updated Investment Requirements
As of June 13, 2022, the Turkish government increased the minimum property investment required for citizenship from $250,000 to $400,000. By investing in a property that meets this threshold, you, your spouse, and your children under 18 can apply for Turkish citizenship.
Key Conditions for Citizenship through Property Purchase
To qualify for Turkish citizenship through property investment, certain conditions must be met:
- The property must be purchased with cash.
- The property seller must be a Turkish citizen.
- The title deed must be completed and free of debt.
- The total property value must be at least $400,000.
Alternative Investment Options for Turkish Citizenship
Apart from property investment, there are other ways to secure Turkish citizenship:
- Cash Investment: Invest at least $500,000 in a Turkish-operated bank with a three-year retention requirement.
- Real Estate Investment Fund: Invest a minimum of $500,000 in a real estate investment fund with a three-year retention period.
- Government Debt: Purchase Turkish government debt worth at least $500,000.
Required Documentation for Turkish Citizenship
When applying for Turkish citizenship, you will need to provide the following documents:
- A completed application form
- A valid passport
- Four passport-size photos of each family member
- Birth certificates for all family members
- A residence permit or valid tourist visa
- A certificate of good health
- Proof of your relationship with your spouse and children (e.g., marriage license)
- A bank receipt confirming a minimum payment of $400,000
- A property appraisal report
- A notarized title deed or pledge to buy the property
- A parental consent letter for minors (if applicable)
Steps to Obtain Turkish Citizenship by Property Purchase
1. Certificate of Compliance
Obtain a Certificate of Compliance from the General Directorate of Land Registry and Cadastre. This certificate confirms that your investment meets the requirements for Turkish citizenship.
2. Apply for a Turkish Resident Visa
Next, apply for a Turkish resident visa at the Provincial Migration Management. The residence visa can be renewed until your citizenship process is completed.
3. Submit Your Citizenship Application
Finally, submit your application for Turkish citizenship to the General Directorate of Population and Citizenship Affairs, including all the required documents. Once the application is approved, it is signed by the President of Turkey, finalizing the citizenship process.
Timeline for Citizenship Approval
After making your investment and submitting your application, it typically takes 3 to 4 months to obtain Turkish citizenship. Once the primary applicant is approved, their spouse and children under 18 can also apply for citizenship.
Conclusion
Obtaining Turkish citizenship through property investment offers numerous benefits, including the ability to live in a country where modernity and tradition coexist harmoniously. Additionally, the Turkish passport allows for visa-free travel to many countries, making it a valuable asset in today’s globalized world.
If you are interested in exploring this opportunity further, Aegean Locations is here to assist you in finding the perfect property and guiding you through the entire process of obtaining Turkish citizenship. Contact us today to start your journey to a new life in Turkey.