For foreigners, with its booming economy despite setbacks, impenetrable markets, low operating costs and qualified workforce, Turkey has a lot to offer. Other than those advantages, it is also possible for investors to obtain Turkish citizenship through their investments in Turkey. Especially by buying a property
There are currently several different options for obtaining Turkish citizenship through investment: such as buying a property, investing an amount, buying government bonds, and opening an investment account with a Turkish bank. These conditions were basically put in place a long time ago, but they witness changes from time to time
Generally to obtain Turkish citizenship, foreigners must invest a minimum fixed capital of 500,000 USD or equivalent foreign currency or Turkish lira. This process was overlooked by the Turkish Ministry of Industry and Technology.
How to obtain Turkish citizenship 2022
The applicant for Turkish citizenship must be of legal age. If the applicant has not reached the legal age, he can only apply for Turkish citizenship through the application of his legal parents. The applicant must have resided permanently in Turkey for five years. The person is required to live in the country for at least 180 days each year, and the documents for this residency are available.
In addition to having a decent behavior with the necessary sense of responsibility towards social life, building trust, and not having bad behaviors or habits that conflict with the values of society (no bad record in Turkey)
An important condition is the ability to speak Turkish to the extent that they can adapt to social life. And that he has an income or a job to cover the living expenses of him or his family.
Turkish citizenship by buying a property
Foreigners can obtain Turkish citizenship by acquiring a property with a minimum value of 250 thousand dollars or its equivalent in foreign currency or Turkish lira with restrictions on the title deed on resale for at least three years. This process is ignored by the Ministry of Environment and Urbanization in Turkey.
In Turkey, the possession of real estate title deeds may only be approved upon registration with the Land Registry Directorates. Where the primary real estate contracts, issued by notaries public or concluded by natural persons in writing, are not granted for the transfer of ownership itself. It acts only as an obligation to transfer the ownership; The property in question is not transmitted by these tools.
Burdens such as mortgages, liens and similar types of restrictions which may exist in relation to the said property and which would prevent its sale should be ascertained before proceeding with the procedures at the concerned Land Registry Directorate.
Inquiries about properties can be made online at parselsorgu.tkgm.gov.tr, where specific details of the city, neighborhood/village and map section can be used to search for the property. Basic information about a real property, including its current status, can be accessed online from anywhere in the world. However, the owner's personal information remains inaccessible.
Foreign nationals do not need to obtain a residence permit as a prerequisite for obtaining real estate in Turkey. In addition, foreigners who acquire real estate in Turkey are granted short-term, renewable residence permits under Law No. 6458 on Foreigners and International Protection.
A natural or legal person who intends to acquire real estate in Turkey is required to apply to the General Directorate of Land Registry along with the property owner. In addition, they can call the 181 call center, providing the service around the clock, or visit randevu.tkgm.gov.tr to make an appointment without having to visit the directorate offices in person.
by means of a contract of employment
One of the cheapest ways to immigrate to Turkey is to find a job or get a job offer from a Turkish employer. The good news is that you can stay in the country for up to 90 days without a visa. Therefore, it is possible to search for a suitable job personally. After finding a job and spending at least 5 years, you can apply for a Turkish passport.
You can also search for a job online. The employer must submit the foreign employment application within 10 working days on the website of the Turkish Ministry of Labor and Social Security. The job seeker also has up to 90 days to submit his application with all relevant documents to the Turkish Embassy or Consulate. The job seeker must obtain his residence card with a Turkish work visa.
We must mention that job seekers are required to know Turkish and in some cases English. Other work visas are also available in Turkey, such as work visas for artists, athletes, journalists, technicians and university professors. The average wage in Turkey for international workers ranges from $35,000 to $105,000.
Certain fields, such as economics, information technology, computer engineering, restaurant chain managers, and engineers, have a better chance
How to apply for Turkish citizenship
There are three main steps to be followed in the process of applying for Turkish citizenship by investment:
Obtaining a certificate of eligibility
Apply to the relevant government agencies to obtain a certificate of eligibility. Organizations you should apply to for each investment type:
In the case of buying a property, it is the General Directorate of Land Registry and Land Registry at the Ministry of Environment and Urbanization
Obtaining a residence permit
Apply to the Regional Directorate of Migration Management. Documents required to apply for a residence permit:
Residence permit application form
Original and copy of passport or travel document
A copy of the previous residence permit document
Four personal photos
Evidence that the applicant has not received any social assistance from government institutions and organizations during the past three years
Evidence of sufficient and sustainable financial resources for the duration of the stay
criminal record document
Valid medical insurance
Apply to the Census and Nationality Directorate for settlement and prepare the citizenship file and send it to NVIGM.
In Turkey, the term "foreign" is defined in three categories in relation to the purchase of real estate:
Foreign natural persons
Foreign legal persons
Turkish companies with foreign capital
In mid-2019, Turkey made amendments to obtaining Turkish citizenship in exceptional ways, such as investing, buying real estate, or hiring citizens.
According to the recent amendments, a foreigner can obtain Turkish citizenship if he buys a property worth more than 250 thousand US dollars, but on the condition that the property is not sold within a period of 3 years.
In another amendment, the condition of depositing a sum of money in Turkish banks in exchange for citizenship was amended, as the condition now stipulates the deposit of $500,000.
The amendments also stipulated setting the value of the fixed investment in exchange for citizenship at $500,000.
In this context and under the "Regulation on Amending the Regulations Concerning the Application of the Turkish Citizenship Law", a foreigner wishing to obtain Turkish citizenship, through one of the above-mentioned methods, will sell his specified foreign currencies to the Central Bank of Turkey through active banks in the country.
The Turkish lira that resulted from selling the dollar to the Turkish Central Bank will be kept in lira accounts with banks, or with one of the government debt instruments, for a period of no less than 3 years.
Finally, with the text of the Turkish law specific to what was mentioned ..we list it for you
The scope and specific amounts have been established according to the new regulations published in the Official Gazette on September 18, 2018:
Foreigners who meet any of the following criteria may be eligible for Turkish citizenship, according to the decision of the President of the Republic of Turkey:
Invest a minimum fixed capital of 500,000 USD or its equivalent in foreign currencies or Turkish Lira, as attested by the Ministry of Industry and Technology.
Purchasing a property with a value of no less than 250.000 US dollars or its equivalent in foreign currency or Turkish lira with a title deed on resale for at least three years, as attested by the Ministry of Environment and Urbanization
It created jobs for at least 50 people, as attested by the Ministry of Family, Labor and Social Services
Deposit at least 500,000 US dollars or its equivalent in foreign currencies or Turkish lira in banks operating in Turkey with the condition that they have not been withdrawn for at least three years, as attested by the Banking Regulation and Supervision Agency
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#property #turkey_real_estate #turkish_citizenship