Obtaining the Turkish passport by investing
In 2018, the executive regulations of Turkey’s naturalization law were amended, so that foreigners are allowed to apply for a Turkish passport through several ways, namely: buying a property worth no less than 250 thousand dollars, or investing in Turkey with an amount of no less than 500 $, or providing a job opportunity for at least 50 Turkish citizens, or depositing an amount of at least $ 500 in a Turkish bank.
It seems that the option of buying or investing in Turkish real estate is one of the most popular options for foreigners wishing to obtain a Turkish passport, as statistics indicate that the number of holders of Turkish citizenship through investment since the issuance of the new law until the end of June of this year has reached 18 Almost a thousand investors.
Why do many foreigners want to obtain a Turkish passport and Turkish citizenship?
Many foreigners want to obtain a Turkish passport for various reasons, and perhaps the most prominent of these are the advantages of the Turkish passport, which continues to be ranked in the list of the best passports in the world, and statistics for the year 2021 show that the Turkish passport is now ranked 52nd in the world with a number of destinations up to 111 A destination, most of which do not require an entry visa, in addition to many commercial facilities that the Turkish passport holder obtains.
The owner of the property, his wife and children under the age of 18 also enjoy the full rights of Turkish citizens, including the right to education and access to free medical care in state health facilities.
Steps to obtaining a Turkish passport by investment
First, the person wishing to obtain a Turkish passport must purchase a property whose value is not less than 250 thousand US dollars, and a group of properties with a total value of the same amount as the previous one can be purchased.
Then, he issues a real estate appraisal in Turkey certified by one of the companies approved by the “Turkish Financial Markets Authority”, with submitting a request for a reservation of the property for a period of 3 years at the Directorate of Land Registry “Tabu”.
The next step is to submit an application for an investment residency at the Immigration Department, unless the buyer has authorized a person or a real estate agency to carry out the procedures for him, so he does not have to come to Turkey at this stage.
Approval of the application for Turkish citizenship with the Ministry of Environment and Urbanism, and after obtaining the approval, an application for obtaining a Turkish passport can be submitted to the Directorate of Souls, which conducts the necessary research on the applicant, in cooperation with the Public Security Directorate and the Presidency of National Intelligence, to ensure his eligibility for citizenship In the absence of any security or legal problems, the file is sent to the Ministry of the Interior, which sends it to the Presidency of the Republic for approval.
Conditions for obtaining a Turkish passport
There are a set of conditions and details that should be paid attention to while working on obtaining a Turkish passport and citizenship, which are:
The value of the property should not be less than 250 thousand US dollars, and it is recommended here that its value be slightly more than the specified amount, so that the exchange rates do not affect the terms of acceptance in the event of a sudden big change in them.
The real estate appraisal must be from a specialized company approved by the Turkish government, and the property must be registered in the Land Registry.
The value of the property must be paid through a bank transfer from a bank inside or outside Turkey, and payment in any other way is not accepted for those who wish to obtain a passport in Turkey through investment.
The buyer undertakes not to sell the property for a period of 3 years.
There is a very important condition, which is that the property must not have been used for the same purpose before, and it is advised here to use a real estate consultant so that the inexperienced foreign buyer will not be deceived by some weak-minded people.
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