Turkish Citizenship is a Main Attraction for Investors in Turkey

  • Created At: February 14, 2022
  • Updated At: February 14, 2022
  • Category: Turkish Citizenship
  • Views: 1399

Content Index

  1. Foreign direct investment law
  2. Turkish citizenship is an important attraction
  3. It is not an ordinary option
  4. Factors that prompt investors to obtain Turkish citizenship
  5. Investors who obtained Turkish citizenship

As the financial crisis continues, the concept of ​​protecting money through safe and profitable investment possibilities has caught everyone's attention lately. Investing in the real estate market is one of the most important and perhaps the safest investments that comes to everyone's mind. When searching for the best countries to invest in real estate, Turkey's real estate is among the first results that appear. Turkey is a country with local and global influence. It is an important member of the G20, as it is characterized by multiple economic factors and an important geopolitical location, which makes it one of the best countries to invest in, especially in the real estate sector, whether now or in the future.

According to the statistics of 2022, more than 1,485,622 foreigners bought real estate in Turkey, which has great economic importance both locally and globally. Despite this, many foreigners looking to invest in real estate in Turkey ask themselves: "Why should I invest in real estate in Turkey?"

The answer that comes quickly from these investors is the investment facilities and obtaining Turkish citizenship by it.

Perhaps the most important thing that attracts investors' money in Turkey is real estate, as it enjoys a distinguished and active global real estate market; it is growing day by day. Your investment in Turkey is not limited to this market only, we do not say this, but if you want an absolute profit within a short time, real estate investment is the leader today, and everyday, in the Turkish market.

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Foreign direct investment law

Date of enactment: June 17, 2003

The text of the law stated:

The aim of this law is to encourage foreign investment in Turkey and to protect the rights of foreign investors; to define investment and investor in line with international standards; in order to create a notification-based system for FDIs rather than screening and approval. Thus regulating the principles of increasing foreign direct investment through the applicable policies. This law defines the treatment to be applied to foreign direct investments.

This law includes people holding foreign citizenship and Turkish citizens residing abroad, as well as foreign legal entities established under the laws of foreign countries and international institutions, which make foreign direct investment in Turkey.

Turkish citizenship is an important attraction

Residence permit is granted to foreigners through a number of laws that have unanimously agreed that buying a property by a foreigner may entitle the foreigner to obtain residency directly. In other cases, investors could obtain Turkish citizenship, among them:

Buying a property for $400,000 or more.

To obtain a short-term real estate residence permit card, which you can obtain after entering Turkey through a tourist visa, then you can require the purchase of a property in Turkey of any value and then obtaining a short-term real estate residence permit card for the property. Proof of ownership of real estate in Turkey will ensure the renewal of the residence permit for the next period and does not require a permanent stay in Turkey.

The tourist visa may also be converted into a real estate residence permit for a period of 1-5 years, providing not to sell the property for 5 years, noting that you will have the option of obtaining Turkish citizenship.

The application for transfer from the real estate residence permit card to Turkish citizenship should be submitted to the General Directorate of Migration Management of the Ministry of Interior (Goc idaresi) at 250 local offices in Turkey. You can only get that, after a period of 5 years stay in the country.

The procedures for obtaining Turkish citizenship by buying a property are one of the fastest and most successful ways, as the waiting period does not exceed 90 days before obtaining citizenship. It is obvious that the steps the Turkish government has taken to facilitate the conditions required of foreign investors wishing to obtain its citizenship has aroused the interest of investors, especially Arabs.

It is not an ordinary option

Investing in real estate in Turkey is not the kind of property that only returns you money in return of investment without a direct follow-up! What distinguishes real estate in Turkey is its special attractiveness for housing and stability. You will enjoy your investment not only financially, but also psychologically through your residence and housing.

Factors that prompt investors to obtain Turkish citizenship

First: the possibility of obtaining it by more than one means, such as real estate investment, which only requires buying a property of not less than 400,000 US dollars and not to sell it for 3 years since the date of its purchase.

It is important to note that what drives investors to seek Turkish citizenship through real estate investing is that the amount of investment to have Turkish citizenship was 1 million dollar in the past, but now, the Turkish government decreased it to the above mentioned.

Second: it can be obtained through commercial investment, where the invested capital must not be less than five hundred thousand US dollars.

Noting that people who obtain Turkish citizenship enjoy all the rights that a Turkish citizen has, as they will be able to apply for better job opportunities and will be able to participate in the elections.

Fourth: investors have found safety and protection, after having Turkish citizenship, because of the powerful economy that Turkey enjoys and the stability that the country witnesses.

Fifth: those who hold Turkish citizenship will be able to cross many countries with reduced procedures and great facilities.

Investors who obtained Turkish citizenship

According to the official authorities, more than 19,000 investors obtained Turkish citizenship through real estate investment. The numbers range from time to time, yet, it is increasing with the facilities that the Turkish government provides to foreign investors.

Turkey started the citizenship program in 2017. By law, any foreigner who invests one million dollars in Turkey can apply for citizenship. On September 18, 2018, the Turkish government decreased the limit to $250,000, then they increased it again to $400,000.

Therefore, owning a Turkish passport has become a dream for many. Not to mention that Turkey is a country that is witnessing an unprecedented renaissance, great interest and hard work in huge strategic projects, most of which are about to be completed, also the Turkish government is working to promote its economy and provide it with new sources of income that guarantee its development and stability. This is by attracting foreign investments and attracting capital, in addition to developing the industrial, commercial, agricultural and real estate sectors, in addition to being a country with a prominent international position regionally and geographically.

In the near future. Turkey will be the focal point for linking Asia with the Western world through transport and trade through many transportation and navigation projects, the most important of which is the New Istanbul Canal, which will attract many foreigners towards visiting and investing in Turkey and Istanbul, in particular.

In brief, just as the Turkish nation has a good history with various emperors in the world, it is a nation that has its weight internationally, which makes holding a Turkish passport a reason to be proud of belonging to a nation present powerfully throughout history.

We offer you our services in the field of buying real estate in Turkey in three stages, before buying the property, after purchasing the property, and during the purchasing process. We also provide you with the latest real estate offers, in Turkey, that go with your desires and the specifications that you desire, including suitable real estate, offers to obtain Turkish citizenship through real estate investment, and purchasing real estate in Turkey within a standard period of 90 days.

Credibility, honesty, and speed are our motto. Do not hesitate to visit our company on the ground or online, in order to request various services at any time you want.

We are ready to answer all your inquiries, so do not hesitate to contact us via WhatsApp, please click here. 

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