Get Turkish Citizenship by Buying A House

Get Turkish Citizenship by Buying A House: Many overseas clients question us as real estate agents if they may obtain Turkish citizenship by purchasing a home. Yes, because Turkey offers a scheme that permits buyers to invest in real estate in exchange for citizenship. Many countries operate on the same concept, which is known as Golden Visa schemes since they provide a passport. Nonetheless, Turkey’s property investment strategy is appealing, offering a number of advantages, including a rapid approval period.
Thousands of property investors have done so, and they and their families can now call themselves proud citizens of Turkey. In this post, we look at Turkey’s Citizenship by Investment program, what applicants get in exchange for purchasing property, what is necessary, and how foreigners can apply.

Get Turkish Citizenship by Buying A House

What does the Investment Requirement entail?

Prior to 2018, the minimum entry threshold for Turkey’s citizenship by property investment scheme was a mind-boggling one million dollars. As a result, it became one of the most expensive citizenships in the world, and only a few people applied. Experts in the real estate industry pushed Turkish officials, pointing out problems and explaining why the plan was unpopular. As a result, in 2018, Turkey reduced the minimum cost of Turkish citizenship to merely $250,000, attracting property investors and golden visa investors from all over the world.

Benefits of Turkish Citizenship

Since Turkish citizenship is permanent, there is no need to apply for residency.
The candidate, spouse, and dependents are all included in the Turkish citizenship program.
Any future children born in Turkey will be granted citizenship by birthright.
Receive a Turkish passport with the ability to work and travel to 110 countries without a visa.
Investing in the Turkish pension program is possible if you meet certain criteria.
Dual citizenship is permissible.
There is no need to live in Turkey all year.
Turkey’s medical and educational programs are easily accessible.
Ideal property investment with capital growth possibilities
When you’re not living in the house, you have the option of renting it out.
Enjoy the pleasant weather, healthy national food, and active outdoor lifestyle.
Cheap property upkeep costs and a low cost of living

Other Citizenship Criteria for Real Estate investment

The property must be kept for a minimum of three years, with the option to sell after that.
The applicant must be at least 18 years old.
Dependents must be under the age of 18.
The applicant must have a clean criminal record and be in possession of a valid passport.

Cubans, Armenians, Syrians, North Koreans, and Nigerians are not eligible to petition for Turkish citizenship because they are unable to own property in Turkey.

Is the Investment Scheme applicable to all properties worth more than $250,000?

Please keep in mind that not all properties worth more than $250,000 qualify for the Turkish Citizenship by Investment Scheme (TCIS.) The new TCIS rule went into effect in September 2018 with the goal of attracting international property investors to Istanbul’s new housing projects. The majority of newly constructed Istanbul properties (almost 90% of new homes registered after September 2018) are Turkish citizenship eligible. Local government authorities have pre-approved these freshly constructed apartments as part of residential complexes with substantial common facilities for Turkish citizenship. We let you know which properties are authorized when you buy a home with us.

Get Turkish Citizenship by Buying A House