The Turkish government has enacted laws that would encourage foreign investment to support the local economy and increase its contribution, and one of them is the Turkish citizenship law. In this article, Lale Real Estate Group will explain to you how to get Turkish citizenship by investment law, how to get Turkish citizenship by buying a property, and how to get Turkish citizenship by investment bank deposit.
The Turkish citizenship new law by buying a property is one of the many encouraging laws that protect the foreign investors and encourage them to start investment in Turkey.
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Turkish Citizenship Law in The Past
Getting Turkish citizenship by investment law was not easy in the past, as these new facilities were not available at the time.
The Turkish citizenship law passed through several stages before reaching its current status, and the main difference was in the amount of getting Turkish citizenship by investment law.
The required amount to get Turkish citizenship by buying a property was one million dollars, as for getting Turkish citizenship by investment bank deposit, the number was three million dollars.
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Turkish Citizenship Law Before 2022
In the past and before 2017, it was not allowed to get Turkish citizenship by investment law, and it was just limited to marrying a Turkish citizen and living for three full years and then applying to get Turkish citizenship.
And another way was by residing for 8 years legally and after that an application to get Turkish citizenship is submitted.
In 2018, the Turkish citizenship law began to allow foreign investors to get Turkish citizenship by investment law.
At the beginning, the investors were required to buy a property at a price of one million dollars in order to get Turkish citizenship by real estate investment.
And later in 2019, the amount was reduced to two hundred and fifty thousand dollars to get Turkish citizenship by buying a property.
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The Turkish Citizenship Law After 2022
In 2022, and since the middle of the sixth month, and according to the Turkish citizenship new law, part of the Turkish citizenship Law which is getting Turkish citizenship by buying a property has been modified to reach $400,000.
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Turkish Citizenship by Investment Law
Many facilities were granted in 2019 by creating new ways to get Turkish citizenship by investment law.
This includes getting Turkish citizenship by investment bank deposit, opening a company and employing a certain number of Turkish citizens, investing with a capital contribution, or getting Turkish citizenship by buying a property.
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Turkish Citizenship Law by Investment Bank Deposit
One of the ways that Turkish citizenship law offers to foreigners is getting Turkish citizenship by investment bank deposit.
Previously, an amount of 3 million dollars was required as an acceptable amount for bank deposit in order to get Turkish citizenship.
But currently, the amount increased to 500,000 dollars and to be hold in the bank for three years, as a main condition to get Turkish citizenship by bank deposit.
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Turkish Citizenship Law by Establishing a Company
Turkish citizenship law offers other way to get Turkish citizenship by investment law, and one of these ways is to get Turkish citizenship by establishing a company with a capital of $500,000.
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Turkish Citizenship by Buying a Property
Getting Turkish citizenship by buying a property has gone through several stages since the enactment of the Turkish citizenship law for foreigners.
At the beginning, the required amount to get Turkish citizenship by real estate investment was one million dollars, and it was reduced to $250,000. Currently, the amount required to get Turkish citizenship by real estate investment is 400 thousand dollars.
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The Turkish Citizenship Law by Real Estate Investment
According to the Turkish citizenship law, there are several conditions for the property to be suitable for getting Turkish citizenship, which can be summarized by the following points:
- Price of the property must not be less than 400 thousand dollars.
- Value of the property on the real estate appraisal report and in the title deed must not be less than 400 thousand dollars.
- The seller must be Turkish and could be a person or a company.
- Paying the required amount by wire transfer.
- The investor’s nationality must be among the allowed nationalities to get Turkish citizenship by real estate investment.
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Get Turkish Citizenship by Real Estate Investment
Real estate investment is one of the safest and most guaranteed ways of the long-term investments, not only in Turkey, but in the whole world.
We, at Lale Real Estate Group, offer the service of getting Turkish citizenship by real estate investment.
The following is a list of distinctive properties that are suitable to get Turkish citizenship:
Residence Inn Deluxia Project
Residence Inn Deluxia is a residential and investment project with 5-star hotel features and full serviced apartments.
The project is located on the European side of Istanbul in Basaksehir area, which has an increasing investment value according to its unique location.
The project is suitable for the conditions to get Turkish citizenship by investment law.
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Tual Comfort Project
Tual Comfort project is a good investment opportunity because of its advantageous location next to the new Istanbul Canal.
This project also has a unique advantage which is getting Turkish citizenship by real estate investment.
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Air Basaksehir Project
The luxurious project Air Basaksehir Istanbul enables you to live in high-end apartments with all the required facilities.
Whether you choose to live here or invest, the project has a special location in the upscale district of Basaksehir. Air Basaksehir project is also an ideal option to get Turkish citizenship.
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Park Mavera 3 Project
Park Mavera 3 is located on the European side of Istanbul in the prestigious Basaksehir district.
The project meets the requirements of getting Turkish citizenship by buying a property and is regarded as an investment opportunity.
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Park Mavera 4 Project
Park Mavera 4 project is strategically located next to the new city square, which was intended to serve as the hub of Istanbul’s Basaksehir district.
The project is suitable for the requirements of getting Turkish citizenship by investment law.
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Frequently Asked Questions about Turkish Citizenship Law
Can you get Turkish citizenship if you buy property?
Yes, you can get Turkish citizenship by buying a property.
Does Turkey give citizenship to foreigners?
Yes, according to the Turkish citizenship law, foreigners are allowed to get citizenship in several ways.
What is the Turkish citizenship new law?
The Turkish citizenship new law has been enacted to increase the amount of getting Turkish citizenship from $250,000 to $400,000.
How to get Turkish citizenship by investment law 2022?
Foreigners can get Turkish citizenship by investment law in real estate, companies, or bank deposits.
Can a foreigner become a Turkish citizen?
Yes, foreigners can become Turkish citizens by buying a property, establishing a company, or a bank deposit.
Read more: Full Guide to Documents Required for Turkish Citizenship
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