Do you know that you and your family can get Turkish citizenship by property investment? We at Lale Real Estate Group will help you to know about obtaining Turkish citizenship by investment process and how to get Turkish passport by investment.
The Turkish government offers a quick and easy way to obtain Turkish citizenship by property investment and to get Turkish passport by investment, as a second passport obtained by a foreign investor.
This process can be completed in a period of time not exceeding 3 months to get Turkish citizenship by investment of 400 thousand dollars.
Obtaining turkish citizeship by investment process program is characterized by a direct application process without any obstacles.
Whether you are buying a property in Turkey for housing or for obtaining Turkish citizenship by investment process, there is a wide range of modern apartments and luxury villas overlooking the sea, and at very competitive prices, thus investors can benefit from the rent and the property be resold with a higher price after 3 years.
After obtaining Turkish citizenship by investment Process, you will also get Turkish passport by investment, and it is possible to move to both the United Kingdom and the United States of America under the special visa categories available to Turkish citizens.
Investors may move to the United Kingdom through a Turkish business visa and start the journey to British citizenship. In addition to that, there is an opportunity to reside in the United States as an investor from class E-2 after getting Turkish passport by investment.
Stages of Obtaining Turkish Citizenship by Investment Process
The possibility of obtaining Turkish citizenship by investment process was announced in 2016 and in late January 2017, the Turkish government launched a program to stimulate foreign direct investment and improve its real estate sector, which is to get Turkish passport by property investment.
Under this program, the investor is free to choose among various means of investment, which he wants to contribute to the Turkish society and economy.
When the Turkish government launched the investment program in Turkey and obtaining Turkish citizenship by buying a property, the Turkish government initially stipulated the cost of entering the investment fields to be at least one million dollars.
Therefore, this did not attract many foreigners, and after realizing that the specified amount was not reasonable, the Turkish government reduced the required amount of obtaining Turkish citizenship by buying a property to reach 250 thousand dollars in the middle of 2019.
And with the increasing number of applicants wishing to obtain Turkish citizenship by property investment, the minimum cost has been raised from 250 thousand dollars to 400 thousand dollars, and this was intended to meet the needs of both local residents and investors to get also Turkish passport by investment.
Who can Apply for Obtaining Turkish Citizenship by Investment Process?
All nationalities have the right to apply for obtaining Turkish citizenship by buying a property, except for some countries (Syria, North Korea, Armenia and Greek Cyprus).
In order to qualify and be able to get Turkish citizenship by investment, the applicant must fulfill the following conditions:
- The age of the applicant for obtaining Turkish citizenship by investment Process must not be less than 18 years.
- The applicant must pay the taxes and costs related to the process of obtaining Turkish citizenship by a buying property.
Documents Required When Applying for Obtaining Turkish Citizenship by Buying a Property
The applicant for obtaining Turkish citizenship by buying a property must submit the following documents:
- Birth certificate for the applicant who apply for obtaining Turkish citizenship by investment process.
- A copy of his passport to get Turkish passport by property investment.
- A document proving the applicant’s residence in Turkey for the period specified in Turkish laws.
- Biometric passport photos for each applicant.
- Marriage certificate for married applicants.
- Evidence of a clean criminal record of the applicant.
- Proof of investment of 400 thousand dollars to obtain Turkish citizenship by property investment.
- Turkish tax ID number (basic document)
- The Tapu document that proves the ownership of the property owner.
Advantages of Getting Turkish Citizenship by Investment
There are many advantages of obtaining Turkish citizenship by investment process, including the following:
- Dual citizenship allowed, this is to get Turkish passport by property investment as a second passport.
- Obtain Turkish citizenship by property investment can remain for future generations.
- Right to reside indefinitely in Turkey.
- High level of education and health.
- Get Turkish passport by property investment and travel without a visa or with a visa on arrival to more than 110 countries.
- Ease of obtaining visas for travel after getting Turkish passport by investment to the European Union, the United States, Canada and Australia, enables investors to apply for E-2 visas.
- There are no restrictions on language.
How to Get Turkish Passport by Investment?
You can get Turkish passport by investment in real estate or in a governmental bank or by opening a company in Turkey.
Since travelling has become one of the necessities for life, many people seek to travel for many reasons including business, tourism, and housing.
Individuals are looking now for visa-free access to cross borders and travel to many countries, thus if you get Turkish passport by investment, you can enter more than 110 countries.
The demand for getting Turkish Passport by investment has recently increased due to the local and international benefits for its holders.
Government Facilities to Obtain Turkish Citizenship by Property Investment
Turkey allows foreign investors to apply for obtaining Turkish citizenship by investment process easily without any problem.
With the recent changes in the Turkish laws, the Republic of Turkey has started to grant citizenship to foreigners who invest in Turkey after achieving minimum requirements for buying a property.
The opportunity to get Turkish passport by property investment is now more attractive for foreigners, as the minimum value has been reduced in 2019 and the whole process of obtaining Turkish citizenship by investment process is usually completed within two to three months.
Available Options for Obtaining Turkish Citizenship by Investment Process
There are various options available to get Turkish citizenship by investment, including:
Obtaining Turkish Citizenship by Buying a Property in Turkey
The first and best way to invest in Turkey and get Turkish citizenship by investment is obtaining Turkish citizenship by buying a property.
Because of the depreciation of the Turkish lira, real estate options have become attractive and cheap for foreign buyers.
The investor must make an investment of 400 thousand dollars in the Turkish real estate market to be eligible to get Turkish passport by property investment, and there are no restrictions on what can be purchased whether it is a house, an apartment or a land.
The value of real estate in Turkey is usually overvalued, so if you are looking to obtain Turkish citizenship by property investment and keep it for the long term, this is the perfect option to get Turkish passport by property investment.
In order to obtain Turkish citizenship by property investment, several properties can be purchased with a total of 400 thousand dollars as a minimum. Also, it is possible to buy a property worth 300 thousand dollars, and buy a land in another place in Turkey with a value of 100 thousand dollars, and then apply for obtaining Turkish citizenship by investment process.
The obtaining Turkish citizenship by investment process relies on the real estate appraisal report and the payments sent to the seller’s account.
There must be a match between the appraisal decision and the transfer, and the total value is worth 400 thousand dollars as a minimum, and it is not necessary to buy all properties on the same day or the same year.
For example, you can buy a house today, and after 3 years, buy a land, and then apply for obtaining Turkish citizenship by buying a property. The only requirement is to own real estate with 400 thousand dollars.
Obtaining Turkish Citizenship by Investment Process by Creating Jobs in Turkey
Creating job opportunities in the Turkish market, in return to get Turkish citizenship by investment, may be a good option for foreigners.
When announcing the process of obtaining Turkish citizenship by investment Process, it was to employ 100 people, but now this requirement has been reduced by half.
Basically, if you can establish a company in Turkey and employ at least 50 people, you will be eligible to get Turkish citizenship by investment, but you will need some legal guidance about navigating the business world in Turkey.
Obtaining Turkish Citizenship by Investment Process by Making a Financial Investment
If you do not prefer to enter the real estate field and to obtain Turkish citizenship by property investment or even establishing a business, there are several ways in which you can make a capital investment and obtain Turkey citizenship by investment residency.
The value is currently $500,000, and you can put this amount as a deposit in a Turkish bank, or you can buy government bonds or shares in capital investment funds.
The most important thing is that you are not required to deposit the amount in lira to get Turkish passport by property investment, as the lira has declined in recent years, and it is better for you to use a more stable currency such as the Euro, but you should note that the amount must be equal to $500,000.
You need to keep the capital investment for a period of at least three years, which is considered a short period, after which you will be eligible to get Turkish citizenship by investment.
Turkey Citizenship by Investment Residency
You must be legally residing in Turkey at the time you start the application for obtaining Turkish citizenship by investment process.
So, you must also obtain a residence permit after making an investment in Turkey, as the application for a Turkey citizenship by investment residency be considered.
Usually this is issued on the day of your application, making it one of the fastest processes of getting Turkey citizenship by investment residency in the world.
There is no need to stay or even live in Turkey before you become a resident, and you do not need to continue to stay in Turkey after receiving Turkey citizenship by investment residency.
Best Areas to Invest and Obtain Turkish Citizenship by Property
Istanbul is considered the top city in the real estate field, and a perfect location to get Turkish passport by property investment.
Most of foreign investors prefer investing in the European side of Istanbul, and that it is why we will now mention to you the most important areas in the European side of Istanbul and some of the best real estate projects that enable you to get Turkish citizenship by investment:
Basaksehir
Bagcilar
Kucukcekmece
Basaksehir
Basaksehir is one of the 39 second-level and large areas on the European side of Istanbul.
It is considered a home to many infrastructure projects in the city, and it is the preferred choice for investors who want to start investment projects in Turkey and obtain Turkish citizenship by property investment.
Real estate projects in Basaksehir (Mavera Residence – Mavera Comfort – 3 Istanbul – Park Mavera 3)
Bagcilar
Bagcilar is a unique area with a demographic structure and atmosphere, as well as social and cultural facilities.
Also, Bagcilar is considered a mosaic structure of Turkey and people from different backgrounds meet in this area.
It becomes one of the most crowded areas in Istanbul with a population of 750 thousand people.
Obtaining Turkish citizenship by investment process can be done after buying a property in one of Bagcilar projects.
Real estate projects in Bagcilar (Polat Tower Basin Express – Radisson Blu Residence Batisehir)
Kucukcekmece
Kucukcekmece district was established around the Kucukcekmece lake and its roads were distributed on the European side of the capital for a long time, and it is an amazing area in Istanbul, Turkey.
If you are interested in buying a property and obtaining Turkish citizenship by investment process, here are some of the best projects in Kucukcekmece.
Real estate projects in Kucukcekmece (Torkam E5 – Sinpas Boulevard Sefakoy)
Zeytinburnu
Bakirkoy
Eyup Sultan
Zeytinburnu
Zeytinburnu is one of the oldest neighborhoods of Istanbul, which is located on the European side, and along the shores of the Marmara Sea.
This area is famous for its easy access by means of transportation to all areas of the city.
In addition to the presence of all transportation facilities such as Metro line, tramway, metrobus, Marmaray subway, sea transportation, and a huge network of bus lines that reach all areas in Istanbul.
All these reasons encourage foreigners to start buying their future property in Zeytinburnu and obtaining Turkish citizenship by investment process.
Real estate projects in Zeytinburnu (Bakirci Topkapi – Buyukyali – Topaz Residence)
Bakirkoy
Bakirkoy district is one of the beautiful districts in Istanbul, with a population of more than 229,000 people.
Real estate projects in Bakirkoy (34 Pruva – Sea Pearl Atakoy)
Eyup Sultan
Eyup Sultan neighborhood is located close to the Golden Horn and extends towards the Black Sea.
It is quite far from the usual tourist destinations, but has enough historical structures to be a point of attraction.
And with a history dating back to the Byzantine period, the area became sacred, especially when Mehmed II ordered the construction of a marble tomb and the Eyup Sultan Mosque.
Real estate projects in Eyup Sultan (Baharyaka)
Sisli
Beyoglu
Kagithane
Sariyer
Sisli
Sisli is one of 39 districts located on the European side of Istanbul, it includes 25 neighborhoods, and is located to the east of Besiktas, to the north and west of Kagithane, and to the south of Beyoglu.
It has a population of about 285,000 people and contains luxurious projects to obtain Turkish citizenship by property investment.
Real estate projects in Sisli (Bomonti Residence – Ritz Carlton Residences Istanbul – Lotus Nisantasi)
Beyoglu
Beyoglu district is located on the European side of Istanbul, and there are a large number of cultural centers museums in this area, such as Istanbul Modern Museum, Pera Museum, Koç Museum, Dogançay Museum, and Salt.
Real estate projects in Beyoglu (Taksim 360 – Piyalepasa Istanbul)
Kagithane
Kagithane is a small area located on the European side of Istanbul and surrounded by Sisli, Sultan Eyup and Beyoglu districts.
Although it is not popular, but Kagithane has a very rich history and this can be seen by looking at the difference between old and new photos of Kagithane.
There are many good opportunities in Kagithane to get Turkish passport by property investment.
Real estate projects in Kagithane (Mevsim Istanbul)
Sariyer
Sariyer is one of the 32 districts of Istanbul on the northern end of the European side where the Bosphorus connects with the Black Sea, 22 km (13.6 mi) north of the Galata Bridge.
This area includes many old summer houses, many fish restaurants, Rumelian lighthouse and fishing boats next to it.
Real estate projects in Sariyer (Skyland Istanbul – As Maslak)
Avcilar
Beylikduzu
Esenyurt
Avcilar
Avcilar is located to the east of Kucukcekmece Lake, to the north of Basaksehir, and to the west of both Beylikduzu and Esenyurt.
In the past, Avcilar was a small village where Greeks, Armenians and Turks lived together. Later immigrants from Bulgaria joined this cultural mosaic, they all lived in little one-story houses with gardens and they earn their lives from farming and fishing.
Real estate projects in Avcilar (Ebruli – Bahceyaka)
Beylikduzu
Beylikduzu is located next to Avcilar, Esenyurt, Buyukcekmece and Marmara Sea. The air of this area is very clean due to its geographical location.
It is one of the rare areas in Istanbul where there is no random construction, which attracts many foreigners to start buying apartments here and obtaining Turkish citizenship by buying a property.
Real estate projects in Beylikduzu (Deniz Istanbul)
Esenyurt
The main encouraging reason of investing in Esenyurt is the exceptional value per square meter of the property which makes the area ideal for first-time buyers, as well as residents working in downtown where many builders have also offered long-term payment plans.
Real estate projects in Esenyurt (Olcay Point)
Frequently Asked Questions about Obtaining Turkish Citizenship by Investment Process
1. How to get Turkish citizenship by investment?
You can get Turkish citizenship by investment through several ways, including buying a property in Turkey worth $400,000, creating job opportunities for 50 employees, and depositing $500,000 in a governmental bank.
2. How to get Turkish citizenship through property?
You can get Turkish citizenship by property investment through buying a property in Turkey worth $400,000.
3. Does Turkey have dual citizenship?
Yes, Turkey allows dual citizenship, and this is one of the advantages of obtaining Turkish citizenship by buying a property.
4. How to become a Turkish citizen?
You can become a Turkish citizen and obtain Turkish citizenship by property investment with a value of $400,000, or by depositing $500,000 in a governmental bank, or by getting married to a Turkish citizen, or by creating jobs for 50 employees.
5. How many countries can Turkish passport go without visa?
Turkish passport by investment allows its holders to enter 112 countries, 62 of them without a visa, 45 with a visa-upon-arrival, and 5 with an electronic visa.
6. Where can you travel with Turkish passport?
Turkish passport holders can travel to more that 110 countries without a visa. These countries including: “Iraq, Libya, Morocco, Palestine, Jordan, Qatar, Tunisia, Albania, Antigua and Barbuda, Argentina, Bahamas, Barbados, Belarus, Belize, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Fiji, Gambia, Georgia, Indonesia, Guatemala, Hong Kong, Iran, Guatemala, etc.”
7. How much does a Turkish passport cost?
A list of Turkish passport cost with duration:
1- A Turkish passport valid for six months costs 309 lira.
2- A Turkish passport valid for a year costs 450 lira.
3- A Turkish passport valid for 2 years costs 738 lira.
4- A Turkish passport valid for 3 years costs 1048 lira.
5- A Turkish passport valid for 4 years or more costs 1476 lira
Do you know that you and your family can obtain Turkish citizenship by buying a property? Contact us to help you from the first step!