How To Obtain Turkish Citizenship Through Property Investment
Turkey offers a beautiful scenery that attracts various foreigners and visitors to its premium but affordable real estate market. The country has various resorts, coastal properties, and amazing neighbourhoods.
Apart from enjoying the conducive neighbourhoods, you can become a Turkish citizen by investing in the real estate marketplace.
You can easily obtain Turkish citizenship to take your citizenship count to two. Turkey is one of the easiest places where you can quickly get a second citizenship.
How to Become a Turkish citizen through property investment
Whenever an investor in Turkey purchases a property with a total value of $450,000, they are eligible to become a citizen of the country.
Process of Becoming a Turkish citizen through real estate inventiveness
You can become a citizen of Turkey by investing in real estate in the country, However, you need to have accumulated a total investment portfolio worth about $450,000 or more. As soon as you have invested nearly half a million dollars, you can then apply for your Turkish citizenship. As soon as you apply, you can get your official Turkish passport between 6 and 8 months. About 95% of Turkish investors fancy this added benefit to the growing real estate in the country.
An Overview of Turkish Citizenship by Investing in a real estate programme
It is very simple to become a Turkish citizen by investing in real estate in the country. You need to spend a minimum of $450,000 on any group of properties. This means that you need to spend nothing less than this amount to be eligible for citizenship.
This law applies to all types of properties such as resales, new projects, commercial, or residential properties. Then again, an investor must be barred from buying a property that has once been used to gain Turkish citizenship. Buying such a property will void the eligibility of the investor to apply for Turkish citizenship.
The whole family becomes citizens.
When you buy a property in Turkey as a foreigner, if the total value of your property portfolio in the country is $450,000 or more, you can apply for citizenship. In addition, the immediate family of the investor are also eligible to send their application for Turkish citizenship. In addition, the wife of the investor and all children under 18 years old can apply for Turkish citizenship with the investor. But, for parents whose kids are over 18 years old, they can get a residence permit.
Reselling your property
After getting Turkish citizenship through a particular property, this can then be resold. After owning the property for 3 years, you are free to sell it. However, there is a restriction in this situation. The investor is barred from ever selling the house to the previous owner. Also, as long as the investor is the owner of the property, they can move to place it out for rent.
Turkey is a resort country that boasts a moderate Mediterranean climate, hospitable people, stunning nature, and rich cuisines. When investors become Turkish citizens, they can travel the world without visas. They will also be eligible for various profitable investments and numerous other global opportunities. They will also be eligible for higher income brackets.