The financial conditions and investment amounts that foreigners had to meet to get Turkish citizenship have been reduced. The minimum fixed capital investment he had to make was reduced from $ 1.500.000 to $ 250.000, from $ 2.000.000 to $ 500,000. A real estate worth at least $ 250,000 must be purchased. When buying real estate, 3 years of non-sale annotation must be put in the record of the title deed. If the real estate has not been registered in the land registry, it will be taken into consideration that the real estate is located at the disposal of the owner of the real estate in question within the scope of this article, it has a commitment that it will not be sold within 3 years from the date of acquisition.” with the phrase of Land Registry and cadastral directorate general application should be put in 3 years cannot be sold annotation. With the Turkish Citizenship by Investment program, tens of thousands of foreigners have been entitled to Turkish citizenship in the last 1 year.
How to apply for Turkish citizenship?
Foreigners can qualify for Turkish citizenship on condition that they have a real estate worth$ 250,000 and they commit to not sell that real estate for three years. In determining that the acquired real estate is worth$ 250,000, the CMB (Capital Market board) has authorized real estate valuation. Foreign nationals who invest$ 250,000 in real estate investment can get citizenship in Turkey without waiting. For this reason, it is enough to commit not to sell the real estate to be purchased for three years. The spouse of the foreign investor and children under 18 can also benefit from the right to citizenship. By investing in real estate to get Turkish citizenship will be taken to begin the transfer stage deed the property’s value determination, residence permit reception of citizenship applications is done and after all transactions in official circles to citizenship purchases carefully should be followed laws must comply with the regulations.
First, people who want to obtain a second citizenship with investment all over the world are turning to a country with a stronger passport than their own country. The Turkish passport provides travel to 111 countries without a visa. This situation, said residential sales to foreigners in Turkey is estimated to be among the causes of the country stand out. On the other hand, the strength of the passport is not the only criterion for understanding who is interested in Turkish citizenship. There are other reasons why the rich in the Middle East prefer Turkish passports instead of European countries that have already entered more than 180 countries. Foreigners who want to get Turkish citizenship by investment and have many privileges have high demands in 2019. The application results are completed within a maximum of 2 months.
Requested documents for Turkish citizenship
Foreigners must submit the following documents in order to get Turkish citizenship. You can get these documents in a few days, but you must get support from a professional.
- Title deed of the real estate certificate
- Passport and photocopy of the foreigner who will buy (with approved Turkish translation)
- Property Value Certificate from the municipality where the property is located
- Compulsory earthquake insurance policy for residences and businesses
- 1 photo of the seller (white background, biometric)
- 2 photos of the foreigner (white background, biometric)
- Sworn translator if the foreigner does not speak Turkish
- Original or approved copy of the power of attorney in case the transfer transactions are carried out with a proxy (approved Turkish translation if issued abroad)