People who are willing to obtain Turkish citizenship have numerous great options available to consider. Obtaining Turkish citizenship through a real estate investment holds a prominent place out of them. Continue to read and we will share some useful facts on how to invest in Turkey. Based on this guide, you can proceed with your investments and receive the best returns.
How to invest in Turkey for obtaining citizenship
In Turkey, property ownership titles can only be authorized once they have been registered with the land registry directorates.
Preliminary real estate contracts, whether issued by notaries or signed in writing by natural persons, do not confer property transfer per se. They simply serve as a guarantee of ownership transfer; the property in issue doesn’t change hands as a result of their use.
Prior to initiating Turkey citizenship by investment process at the relevant land registry directorate, check for any burdens such as liens, mortgages, and similar sorts of limitations that may exist with relation to the stated property that would impede its sale.
Property inquiries may be done online at parselsorgu.tkgm.gov.tr, where precise information such as the city, district, quarter/village, map section, and plot can be utilized to locate the property. Basic information about the real estate, including its present status, is therefore available online from any location on the planet. However, the owner’s personal information is still unavailable.
Foreign nationals are not required to get a residence permit in order to purchase property in Turkey. Furthermore, under Law No. 6458 as mentioned in the Foreigners and International Protection, foreigners who purchase property in Turkey are allowed renewed short-term residency permits.
Things to keep in mind as you go with Turkey citizenship by investment process:
Now you have a basic understanding on how to proceed with Turkey citizenship by investment process. Foreigners who satisfy any of the following conditions, may be eligible for Turkish citizenship:
- The Ministry of Industry and Technology testified to a minimum fixed capital investment of USD 500,000 or equivalent foreign money or Turkish lira.
- Purchased a property with a title deed restriction on resale for at least three years, as verified by the Ministry of Environment and Urbanization, for a minimum of USD 250,000 or comparable foreign money or Turkish lira.
- According to the Ministry of Family, Labor, and Social Services, at least 50 individuals were employed.
- As certified by the Banking Regulation and Supervision Agency, deposited at least USD 500,000 or comparable foreign money or Turkish lira in Turkish banks with the condition of not withdrawing the funds for at least three years.
- Purchased government bonds worth at least USD 500,000 (or equivalent in foreign currency or Turkish lira) with the stipulation that they cannot be sold for the first three years, as verified by the Ministry of Treasury and Finance.
Keep these methods on how to invest in Turkey and proceed with your investments. Then you can end up with obtaining Turkish citizenship without a problem. This is the most convenient method to obtain Turkish citizenship.