Turkish citizenship is one of the preferred options for foreign investors due to the incentives provided by the Turkish government and the various benefits it offers to investors. In this article, we will cover everything you need to know about Turkish citizenship, how to obtain it through real estate investment, and the role Damasturk plays in assisting you throughout this journey.
What is Turkish Citizenship?
Turkish citizenship is the legal status that grants individuals the rights and privileges enjoyed by Turkish citizens, including the right to live, work, and own property in Turkey. Citizenship can be obtained through various methods, including birth, marriage, or investment.
Ways to Obtain Turkish Citizenship
One of the most popular methods of obtaining Turkish citizenship is through real estate investment. The Turkish government offers attractive opportunities for foreigners who invest in real estate, whether by purchasing residential or commercial properties. However, there are specific requirements that foreign investors must meet to acquire Turkish citizenship.
How to Obtain Turkish Citizenship Through Real Estate Investment?
- Purchase Property Worth at Least $400,000
- To qualify for Turkish citizenship, the property you purchase in Turkey must be worth at least $400,000. After purchasing the property, you can apply for citizenship.
- Do Not Sell the Property for 3 Years
- After purchasing the property, you must not sell it for at least 3 years from the date of purchase. This period is essential to maintain your investment and eligibility for citizenship.
- Submit Required Documents
- Once the property purchase is complete, you must submit an official application for citizenship, along with necessary documents such as your passport, birth certificates, and any other required documents.
Why Invest in Real Estate to Obtain Turkish Citizenship?
- Lucrative Investment Opportunities
- Turkey’s real estate market is booming, especially in major cities like Istanbul, Antalya, and Izmir. These cities offer numerous profitable investment opportunities in both residential and commercial real estate.
- Strategic Location
- Turkey boasts a unique geographical position connecting Europe and Asia, making it a key center for trade and investment. Obtaining Turkish citizenship enhances business and trade opportunities in this thriving market.
- Ability to Live in Turkey
- With Turkish citizenship, you can enjoy the benefits of living in Turkey, which offers a safe environment, advanced infrastructure, and beautiful natural surroundings.
What Happens After Obtaining Turkish Citizenship?
Once you acquire Turkish citizenship, you can benefit from several rights that are granted to citizens, including:
- Right to Permanent Residency
- Right to Free Education and Healthcare
- Right to Travel Visa-Free to Many Countries
- Right to Work in Turkey
Steps to Begin Your Turkish Citizenship Journey Through Investment:
- Consult Experts
- Get in touch with real estate advisors or legal professionals specializing in Turkish law to receive proper guidance. Damasturk offers consultancy services for investors, helping them make the right decisions in this field.
- Choose the Right Property
- Make sure to choose a property that fits your budget and financial goals. Options may include villas, apartments, or commercial properties. Damasturk has a wide portfolio of properties in major Turkish cities, helping you select the one that suits your needs.
- Complete Legal Procedures
- After purchasing the property, a lawyer will assist you in completing all necessary legal procedures and ensuring the documents are in order.
- Submit Your Application
- After finalizing the property purchase, you can submit your citizenship application. The Turkish authorities will review your application and make a decision.
Obtaining Turkish citizenship through real estate investment is an attractive option for investors who wish to benefit from the advantages offered by Turkey, both economically and socially. If you're considering investing in Turkey, the real estate market provides many opportunities that you can leverage to achieve your goals.
Damasturk helps you find the ideal property and guides you through every step of the process, from selecting the right property to applying for citizenship.
For assistance and guidance, you can reach out to Damasturk, specialists in real estate investment consultancy in Turkey, to get more details on how to begin your investment journey.
