New Positive Amendments on The Law of Granting Turkish Citizenship Through Real Estate Investment

Following the high demand of Turkish real estate markets by foreigners regarding the acquisition of Turkish citizenship and profitable turkey real estate investment at the same time, the Department of Foreign Investors Affairs in the Turkish government announced new positive amendments that will facilitate the procedures for obtaining turkey citizenship by owning real estate investment program. Recently introduced in Turkey.

New Positive Amendments on The Law of Granting Turkish Citizenship Through Real Estate Investment

The new amendments to the law of obtaining Turkish citizenship through the acquisition of a property that the Department of Foreign Investors Affairs has decided to adopt the certified check as a means of payment acceptable for the purchase of the property that will be included in the file of Turkish citizenship, where the Department in the past period did not accept the certified check as a means of payment Purchased for Turkish citizenship, and required that the amount be transferred from the buyer’s account directly to the seller’s account.

The department noted that the old procedure was very risky for investors, as it caused some fraud and fraud, pointing out that a certified check is the safest way to buy a property in Turkey, which recently prompted them to adopt it.

This new amendment gives investors more reassurance and protects them from possible fraud. A foreign investor who wants to buy a property from a Turkish owner or seller can now issue a certified check from Turkish banks and hand it over to the seller when the property is ceded to the Tabu Department.

A certified check issued by the bank at the request of the account holder pursuant to a bank request, contains information about the customer and the beneficiary. When the bank agrees to issue this check, the amount will be deducted directly from the customer’s account, therefore an adequate balance is required to cover the value of the check and placed in a trust Until the check is paid, we will explain below the terms of Turkish citizenship in exchange for buying a property in Turkey. We will discuss advantage of Turkish citizenship and all need documents to obtain it. 

Advantages of acquiring Turkish citizenship

  • The strength of the Turkish passport, where the Turkish passport ranks 39 in the world, as it gives the holder the right to enter 72 countries without a visa (Visa), and the Turkish passport and Turkish citizenship papers are processed and delivered in a short period of up to 30 days only, and the Turkish passport It has a shelf life of 10 years when received and can be renewed for life.

  • Possibility of Turkish passport holders and citizenship to benefit from retirement and social insurance programs in Turkey.

  • The Turkish government provides free education and paid grants to the university for Turkish passport holders and Turkish citizenship.

New Positive Amendments on The Law of Granting Turkish Citizenship Through Real Estate Investment

  • The Turkish passport gives the holder all voting rights and running for all elections in Turkey.

  • The Turkish government allows dual citizenship for those holding Turkish passports, who may also have another nationality besides Turkish citizenship.

  • The economic importance of Turkey, including the ongoing reforms undertaken by the Turkish government in order to revive its economy in a sustainable manner, and the evidence is Turkey’s accession to the Group of G-20 in the past ten years.

  • Turkey’s close relationship with the European Union, where negotiations and agreements between the Turkish government and EU countries on Turkey’s accession to the EU are still underway. In case of accession, this will grant the Turkish citizen great facilities to obtain (Visa Schengen) qualify for entry to various European countries, and may be granted Turkish citizen has the right to enter Europe without a visa in the future.

The documents required to obtain Turkish citizenship after buying a property in Turkey

  • A copy of the ownership document of the purchased property (Tabu) or the contract of sale promise certified by the Notary Public.

  • Valid evaluation report of the property, the validity of the real estate evaluation reports is three months, and the value does not exceed the value recorded in the title deed, and has a specific issuance cost, and is extracted within two or three working days by a valuation institution licensed by the Turkish government.

  • Original payment receipts from the buyer’s account, stamped with a live stamp from the sending bank.

  • Original receipts from the seller’s account, stamped with a live stamp from the receiving bank. These receipts are the certified proof that the property has been paid and transferred from the seller’s account to the buyer’s account.

  • Two copies of the application for citizenship, granted by the investor to the legal team to submit the file of citizenship, where the agency is organized by a notary in Turkey (Noter) and at an estimated cost ranging from 600 to 700 TL per copy, to learn more about the real estate agent In Turkey please see this blog.

  • Translation of the passport into Turkish, certified by the Notary of Turkey for all family members, husband, wife and children under 18 years of age.

  • Picture of the last entry visa to Turkey.

If you are a researcher investment in real estate in Istanbul or just want to ask about real estate for sale in Istanbul Turkey, we are ready to help you determine the most suitable choice, and to ensure you get the best options available to you profit and save the value of your future property you want to live or to invest in the real estate market In Turkey, take advantage of our guidance and consultation completely free of charge, which our experts will gladly and welcome you, call now.