How to get citizenship when buying real estate in Turkey?
To obtain Turkish citizenship when buying real estate, you need to follow the following steps:
There are different options and conditions for obtaining Turkish citizenship.
• The easiest and fastest way is to buy property worth $ 400,000.
* Housing, workplace, those who buy property worth at least $ 400,000 can start the application process by applying to the General Directorate of Land Cadastre.
* Documents requested by government agencies should be prepared in accordance with the law.
* After applying to the General Directorate of Land Cadastre, appraisers check whether the purchased property is worth $ 400,000.
* The applicant must have owned a residence for at least 3 years.
After obtaining Turkish citizenship, the applicant may be entitled to all the privileges provided by Turkish citizens, including the right to work, free education and medical care.
* There are many advantages for both investors and investors' families in terms of social life, financial opportunities and ease of travel. Turkey guarantees prosperity and future to its citizens by providing free health and education services.
* Foreign investors can buy residential properties, this is a promising asset with a high possibility of payback in the future. Turkey offers a wide range of comfortable residences and luxury villas by the sea at prices suitable for every budget. Foreign investors can earn rental income from their investments or sell them after a three-year period.
* The program also offers the opportunity to move to the UK and the USA in special visa categories suitable for Turkish citizens. Foreign investors can start the process of obtaining British citizenship by moving to the UK, as a profitable extension of Decrees between the two countries. In addition, there is an opportunity to live in the USA with an E-2 investment visa.
What important changes took place in the law on acquiring Turkish citizenship on February 1, 2023.
There is a lot of false, unprofessional and unverified information on the market about the release of this law,
You agree that obtaining citizenship abroad is a responsible thing that should always be done correctly and without mistakes from the very beginning.
PARUS PROPERTY company provides professional services when purchasing real estate in Turkey within the scope of the national economy investment program.
On September 19, 2018, amendments were made to the law in Turkey, according to which any buyer of Turkish real estate worth more than $ 250,000 can obtain Turkish citizenship through an expedited procedure.
Effective June 13, 2022, this limit was increased by the state to US$400,000. Here in this video you will be able to learn all the important details of this law:
What has changed in the citizenship law since February 1, 2023?
Here are the most important changes, in order:
1. Buying property in the facility under construction based on the notary agreement
I think you know that the registration of real estate in Turkey takes place not at a notary, but at the Cadastre and Land Registry office. This is where the most important documents related to the property are made – the deed.
Real estate under construction or purchased in installments. In this case, you need to deposit at least $ 400,000. Trem Global will share information about other terms and conditions upon your request.
In addition, the provisions of the citizenship law allow you to purchase property at the construction stage, when the design of the Deed is October, which is usually not possible.
In this case, the buyer can enter into a notarized sales contract with the developer, which will also give you the right to apply for Turkish citizenship after paying in full and following a number of procedures.
That is, if previously the buyer could purchase various properties at the development stage, in different places, at different times and from different developers, and arrange this with different sales and purchase agreements, the provisions of the new law limit this.
Now, if the object or objects under construction are being purchased on the basis of a notarized sales contract, the contract registering it must necessarily be only one. Several objects can be fixed in it, but you will need to purchase them at the same time and under the same contract.
Remember that, although the property is in the construction phase, you will have to pay its value in full and not after the day of signing the notary agreement for the sale. Only this will give you the right to apply for Turkish citizenship.
Once again, I want to emphasize that these changes relate only to objects that you purchase for citizenship on the basis of a notary sales contract in new buildings.
Decertification of such contracts, by the way, is possible not only in Turkish lira, but also in US dollar or any other currency.
Remember that at the moment it is a matter of purchasing to get Turkish citizenship. In normal cases, when buying in new buildings in Turkey, notary Decrees are not made, but there is a normal sales contract between the buyer and the developer.
Important: All these changes are not related to the objects for which ownership is carried out in the Management of the Cadastre and Land Registry.
In this case, it is still possible to purchase 2 or more properties from different owners at different times under the citizenship program.
So, it is still possible to buy several properties worth a total of $ 400,000 and thus obtain Turkish citizenship! And this is the main point on which many are confused.
If I already have a property purchased under the citizenship program, but the amount is insufficient - can I buy the objects and apply for citizenship?
Yes, if you have a property purchased under the citizenship program in Turkey, you can buy another property and apply for citizenship. However, you need to be sure that the amount of costs, including new facilities, will comply with the requirements of the citizenship program determined at the time of application.
In addition, you must also meet other conditions of the program, for example, residing in Turkey for a certain period of time or having a certain October income level. For more information, please contact the official website of the citizenship program in Turkey or authorized legal institutions.
What other important requirements are there under the new law?
According to the new amendments, if a foreigner sells the object to the previous owner after 3 years of legal minimum ownership, the Cadastre and Land Registry Office must inform the Citizenship Office about this.
This also applies to the case where the object purchased under the notary sales agreement will be sold to third parties during the legal period.
What important restrictions have been added for the owner or seller of property under the citizenship program?
As a foreigner who wants to get Turkish citizenship through the real estate investment program, you must comply with certain restrictions and regulations. Some of these restrictions added by the owner or seller of property in Turkey under the citizenship program are as follows:
1. Minimum investment amount: In order to obtain Turkish citizenship under the real estate investment program, you must invest at least USD 250,000 in real estate in Turkey. This may be one or more properties.
2. Duration of ownership: After buying a property, you cannot sell it for the first three years. This means that you must maintain property ownership during this period in order to maintain your eligibility for Turkish citizenship.
3. Rules regarding the transfer of property: If you bought the property as a foreign investor, you cannot transfer it to another person within the first three years.
4. Restrictions on the types of real estate: All types of real estate are not suitable for real estate investment programs. For example, land or real estate during the construction process is not eligible for citizenship.
5. Necessity of using the property: Property owners who have obtained citizenship under the real estate investment program should use their property as a permanent residence or as a business in Turkey.
