After buying a property a minimum of USD 250,000, apply to the General Directorateof Land Registry and Cadasterof the Ministry of Environmentand Urbanization for thecertificate of eligibility. The law on Turkish Citizenship by property investment has been changed. We have access to several banks, clients have some banks in their mind. It is important to find banks with English speaking staff, we can help you.
Marrying a Turkish citizen does not entitle the foreigner to obtain citizenship directly. Another way for foreigners to obtain Turkish citizenship is through marriage. Turkish citizenship acquired through birth is acquired spontaneously on the basis of family ties or birthplace.
Our investment for Turkish citizenship practice includes; buying, leasing, and selling residential and commercial properties to both domestic and foreign customers in Turkey. Our Turkish real estate lawyers also represent our clients in real property acquisition, we prepare real estate sale contracts or amend the contracts that are prepared by the developers. We also represent our clients throughoutTurkish citizenship applicationprocess until they get their Turkish passport. The content of the power of attorney to be issued has been carefully arranged by lawyers.
Secondly, he/she has to collect the necessary documents to prove his/her conditions. We have filed several citizenship applications with property purchase and many for bank deposit. Bank deposit is easier to full fill, Turkish citizenship by investment however not many people have 500,000 USD. With the new rule, it is aimed to preserve the value of the Turkish lira without affecting the foreign investors’ acquisition of Turkish citizenship through investment.
The changes were according to the rising value of the properties. Now it is on the official paper and the decision is signed by Recep Tayyip Erdogan. Only one person can apply for Turkish citizenship, his/her spouse and dependents are also eligible with this application. Turkish law does not recognize same-sex marriages, polygamy and other types of partnerships. So a spouse should be a person of opposite sex and the couple should be legally married.
The countries that have bought the most houses in 2021 were Iraq, Iran, Egypt, and Russia. Sector representatives aim to sell housing to 50 thousand foreigners by the end of 2021. Other application conditions for citizenship through real estate investment remain unchanged. Turkey passport by investment provides foreign investors with visa-free travel to more than 100 countries, identity cards, strong investment opportunities and residence opportunities as Turkish citizens. Foreign investors get both Turkish citizenship and a strong passport through various investment programs in Turkey.