What Is The Process Of Applying For Turkish Citizenship After Buying A Property
Turkey is the dream country for both tourists and smart investors looking for a foreign and safe country to have profitable immovable assets.
Turkey is a country that has made the process of acquiring a visa very easy. This is why so many smart investors are looking to invest in the country.
There are many benefits that come with investing in Turkey and becoming a citizen. It is important to note that there is a huge difference between investing in Turkey and investing to be a Turkish citizen.
Turkish citizenship by investment starts from buying any property that costs $250,000 and above. While every other normal investment applies from any amount that is below $250,000.
How To Apply For Turkish Citizenship After Purchasing A Property
Before you are eligible to become a citizen of Turkey through real estate investment, you would have purchased properties that are worth a total of $250,000 and above.
This means that you get to enjoy many Turkey citizenship benefits. But before you, get to the benefits, you need to understand the process of applying for Turkish citizenship as a real estate investor.
The Application Process
Know the right channels to apply through: If you are eligible for a citizen of Turkey through real estate, then you will need to send in your application through the office of the Turkish local government.
Turkish passport on Turkish money, lira currency
This has to be done in the office of the city where you live. Property investors who reside abroad can easily apply for their citizenship through Turkish consulates that are located abroad.
Know the necessary documents: The documents that you will be needing for your application will vary. Also, the type of application that you will fill in will vary, this depends on the personal situation of the applicant.
The documents needed for the application could come with a passport, residence permit, birth certificate, photographs, marriage certificate, and so on.
You may also be required to submit various other documents like the documents related to the property that you purchased. Also, each applicant may be invited over for an interview.
The duration of each application: The total time it takes to complete an application for citizenship from Turkey depends on the applicant’s specific conditions.
Applicants who have completed their respective applications have the liberty to follow up on their applications by requesting updates through the Ministry of the interior.
Also, the citizenship law of Turkey states that if any individual has their applications rejected, they can send in another application through the governorship of the state of their residence.
Turkey Citizenship Benefits
Apart from buying a profitable with a potential high rental income or living in an upscale Turkish environment, becoming a citizen through investment comes with its own benefits:
1). Become a Turkish citizen with your family members: Once you are eligible for Turkish citizenship, it means that your family can now apply for this citizenship. Your wife and under-18 children can all become citizens of Turkey simultaneously.
2). Wealth declaration not needed: When applying for Turkish citizenship, asst and wealth asset is not necessarily a part of the application process. This means that as a private individual, you will go through this process without declaring your personal and confidential assets.
3). Available for 100% foreigners: If you are looking to buy property in Turkey, you do not have to be resident in the country to become eligible for the country.
4). High investment returns: There is a high investment potential for earning consistent rental incomes for people who invest in Turkish properties.