Is it possible to lose Turkish citizenship after obtaining it? A concern that many people have

Certainly, after gaining turkish citizenship , people may considerably enjoy its benefits and advantages, especially investors, and this is what our real estate advisors often emphasize. With everyone rushing to invest in real estate in Turkey today, this makes perfect sense. In this article, we shall discuss the benefits of Turkish citizenship.

Damasturk Realty has always been a leader in carefully analyzing each subject that is relevant to any real estate investor in Turkey, including those who are interested in gaining Turkish citizenship. Today's article will discuss the various concerns of Turkish citizens who have acquired citizenship through investing in Turkey.

Advantages of Turkish citizenship

• Eliminating the burden of paperwork and other obligations in light of the pressing need for certain individuals to obtain a second nationality in order to conduct business.
• The possibility of keeping one's native citizenship while also holding Turkish citizenship.
• Access to free healthcare, education, employment, and other possibilities in the Turkish market.
• All family members and anybody under the age of eighteen are eligible to join those who have earned Turkish citizenship.
• Having the same rights as other Turkish citizens, such as voting and running for office.
• Acquiring the 39th-ranked Turkish passport that enables admission into more than 113 nations without a visa or visa on arrival.
• The possibility of obtaining an E2 visa, which is granted to people who wish to travel to the United States as investors.
• Turkey's global significance, as well as its dominance in the economy, tourism, and commerce, is a compelling reason to obtain its citizenship.

Naturalization law in Turkey

Since 2010, the Naturalization Law has undergone multiple revisions in a way that corresponds to each period based on facts determined by the Turkish presidency. 

This law specifies six different ways to apply for Turkish citizenship. We will list them all for you in accordance with the most recent update, which was released a few days ago: 

• Obtaining Turkish citizenship by purchasing real estate in Turkey worth $400,000. 
• Obtaining Turkish citizenship through the deposit of $500,000 in Turkish banks. 
• Obtaining Turkish citizenship by starting a business and employing at least 50 Turkish people.
• Obtaining Turkish citizenship after holding a work visa for at least five years. 
• Obtaining Turkish citizenship by virtue of Turkish or Ottoman ancestry. 
• Obtaining Turkish citizenship by marrying a Turkish national.

Obtaining Turkish citizenship through real estate investment

A property in Turkey, or a number of properties, must be purchased with a total value of $400,000 to qualify for Turkish citizenship. However, there are a few conditions:

• The property (or properties) is worth at least US $400,000 on the open market.
• Assuming ownership of the property or properties and making a three-year pledge not to sell them under any circumstances.
• The spouse and children under the age of 18 are awarded Turkish citizenship if the property owner receives Turkish citizenship.
• The time frame is a maximum of 120 days for obtaining Turkish citizenship through real estate investment.

Documents required to obtain Turkish citizenship by owning a property

• Passport translations notarized by a public notary
• A copy of the title deed "Tabu"
• Real estate appraisal report "DEĞERLEME RAPORU"
• Receipts from each party indicating the full amount of the purchase allowance
• Money exchange receipt "DÖVİZ ALIM BELGESİ"
• Four personal photos with biometric parameters
• Birth certificates validated and translated by the Notary Public and the Ministry of Foreign Affairs
• Family register in case the applicant is married
• Citizenship application form
• A certificate of conformity, which can only be obtained through the Title Deed Directorate.

Can a foreign national apply for naturalization?

Without a doubt, any foreign person may apply for Turkish citizenship , regardless of his or her country, with the exception of those who are nationals of Syria, Armenia, Cyprus, North Korea, or Cuba, and only via the procedures facilitated by the Turkish government.

Ways to get Turkish citizenship through real estate investment in Turkey

Gaining Turkish citizenship through real estate investment is a two-fold investment for two reasons: first, the person will become a Turkish citizen with full access to all the state rights; and second, if the person chooses the right neighborhood and property, he will benefit by 30% of the property's total worth after at least three years. What are the requirements for gaining Turkish citizenship through real estate investment? This calls for extremely careful consideration and consultation.

• You may only buy from a Turkish entity, whether a legal person or a company.
• The real estate must be worth at least $400,000 USD.
• Real estate must be held for three years with a pledge not to sell under any circumstances, otherwise citizenship would be revoked.
• Spouses, in addition to children under the age of 18, are eligible for Turkish citizenship.
• Obtaining Turkish citizenship by purchasing property in Turkey typically takes 90 to 120 days.

The following are the documents needed to properly finish the process

• Passport translations notarized by a public notary
• A copy of the title deed "Tabu"
• Real Estate Appraisal Report "DEĞERLEME RAPORU"
• Receipts from each party indicating the full amount of the purchase allowance
• Money exchange receipt "DÖVİZ ALIM BELGESİ"
• Four personal photos with biometric parameters
• Birth certificates validated and translated by the Notary Public and the Ministry of Foreign Affairs
• Family register in case the applicant is married
• Citizenship application form
• A Certificate of Conformity, which can only be obtained through the Title Deed Directorate.

In conclusion

Investment-based Turkish citizenship acquisition is connected to advantages provided by the Turkish government. As can be seen from the implicit benefits we discussed today and other advantages we have highlighted in past articles, all of these privileges demonstrate that gaining Turkish citizenship is in fact a genuine and practical opportunity for many people, including those who are interested in traveling to Turkey, whether for the goal of moving there, making an investment in Turkey , or if they have travel restrictions in other countries, and so on.

Damasturk Realty provides a variety of investment options, and all you need to do to take advantage of them is click here to get in touch with long-experienced specialists in the business, who can provide you with a thorough economic feasibility with an unquestionably lucrative investment, supported by statistics and analysis. Do not hesitate to contact us right away.

 

Edited by: DAMAS TÜRK