The Foreigners Who Purchase House can be Turkish Citizens
Turkey has implemented a Citizenship by Investment program that allows foreign investors to attain Turkish citizenship by purchasing real estate in the country. This initiative is designed to attract international investors and stimulate the real estate sector.
Here are key points regarding the process:
- Minimum Investment Threshold:
- To be eligible for Turkish citizenship through property investment, a foreigner must meet the minimum investment threshold set by the government. The amount may vary, so it’s crucial to stay updated on the current regulations.
- Types of Properties:
- The Citizenship by Investment program covers various types of real estate, including residential properties, commercial properties, and land. Investors can choose the type of property that aligns with their investment goals.
- Maintaining Ownership:
- To qualify for Turkish citizenship, investors must maintain ownership of the property for a specific period, usually three years. Selling the property before fulfilling this requirement may result in the loss of citizenship eligibility.
- Title Deed Restriction:
- Foreign investors must ensure that the purchased property is free from any encumbrances or restrictions that might hinder the acquisition of Turkish citizenship. A clear title deed is essential for a smooth application process.
- Application Process:
- Upon property acquisition, investors can initiate the citizenship application process through the relevant authorities. This involves submitting necessary documents, including the title deed, proof of the investment amount, and a valid passport.
- Family Inclusion:
- The Citizenship by Investment program extends to the immediate family members of the investor, including spouses and children under 18. Their inclusion allows the entire family to obtain Turkish citizenship simultaneously.
- Turkish Citizenship Criteria:
- In addition to the property investment, applicants must meet certain criteria for Turkish citizenship. This may include passing a background check, demonstrating good character, and fulfilling other legal requirements.
- Processing Time:
- The Turkish government has streamlined the citizenship application process, aiming for a relatively quick turnaround. However, processing times may vary, and applicants should stay informed about any updates or changes to the procedure.
- Dual Citizenship:
- Turkey allows dual citizenship, enabling investors to retain their original citizenship alongside their newly acquired Turkish citizenship. This flexibility is advantageous for individuals who wish to maintain ties with their home country.
- Benefits of Turkish Citizenship:
- Acquiring Turkish citizenship comes with various benefits, including unrestricted access to the country, the right to work and establish a business, and the opportunity to enjoy the diverse cultural and lifestyle offerings.
Investors interested in obtaining Turkish citizenship through property purchase should consult with legal advisors or experts familiar with the Citizenship by Investment program to ensure a smooth and successful application process.
The Foreigners Who Purchase House can be Turkish Citizens