Turkish citizenship is granted by investment through specific conditions stipulated in the new Turkish naturalization law, among which is real estate investment in Turkey, in addition to other methods that we will detail in this article from Extra Property.
You read in this article:
1- Turkish citizenship in return for real estate ownership
2- Conditions for Turkish citizenship in real estate investment
3- The documents required for Turkish citizenship by investment
4- Turkish citizenship in return for a bank deposit
5- Conditions of Turkish citizenship in return for a bank deposit
6- Obtaining Turkish citizenship by employing Turkish citizens
7- The documents required for Turkish citizenship in return for employing Turkish employees
Turkish citizenship in real estate investment
The real estate sector in Turkey is one of the most important sectors that the Turkish government pays special attention and attention to, due to the increasing number of investors who choose Turkey for residence and investment, so it has sought to provide many capital-attracting advantages, in order to achieve high financial flows in hard currency to Turkish lands.
Among the most prominent steps taken by the Turkish government in this context was the Turkish citizenship legislation, which allowed anyone who owns a property, or several real estate in Turkey, with a value of one million US dollars, to obtain Turkish citizenship.
Then several amendments were issued to this decision, so that those who owned real estate in Turkey worth only 250 thousand US dollars were allowed to apply for Turkish citizenship, with his family members including wife and children under the age of 18 years.
Turkish citizenship in real estate investment
Conditions of Turkish citizenship in real estate investment
In order to obtain Turkish citizenship through a real estate investment in Turkey, simple conditions must be met, as follows:
That the property has a value of more than $ 250,000.
That the property is purchased from a Turkish citizen, or from a Turkish legal person, such as Turkish construction companies.
Keeping the property for 3 years, with a pledge not to sell the property before the expiration of this period.
This decision applies to most nationalities, with the exception of a limited number of nationalities that are not entitled to own property on Turkish territory.
The documents required to apply for Turkish citizenship by investment
When requesting to obtain Turkish citizenship by investing through owning real estate in Turkey, some documents must be submitted as follows.
First – supporting documents
For the applicant, his wife and children under the age of 18 years, namely:
Birth certificate or birth declaration for each individual.
Family statement (or family book – family card).
4 personal photos for each person.
Legalization of documents from the source country.
Translating the identification documents into the Turkish language, and certifying them from the notary public in Turkey (Notre).
Second – The title deed of the real estate (Tabu)
It is also possible to submit the title deeds of real estate under construction, provided that the property floor easement document is in place.
Third – A valid property value appraisal report
And it is easy to obtain through one of the real estate evaluation institutions approved by the Turkish government.
Fourth – Payment receipts
Receipts of payment must be presented from the buyer’s account, sealed by the sending bank.
Fifth – Receipts
Receipts also need to be presented in the seller’s account, stamped by the receiving bank.
It is worth noting that the approval of applications for obtaining Turkish citizenship by investment takes place in a fast time, usually within an average of 90 days.
Turkish citizenship in return for a bank deposit
The new Turkish naturalization law recognized the right to apply for Turkish citizenship by depositing an amount of 500 thousand US dollars or more in a Turkish bank, provided that the amount is kept for a minimum period of 3 years.
During the deposit period, it is possible to benefit from the investment of the amount, if the deposit is in an Islamic bank, for example.
Turkish citizenship in return for a deposit
Conditions of Turkish citizenship in return for a bank deposit
Some documents are required to be submitted when applying for Turkish citizenship by investment, via a bank deposit of a certain amount of money, as follows:
The personal documents of the applicant for naturalization, his wife and children under the age of 18, with their translation and certification into the Turkish language.
Open a bank account in a Turkish bank, and provide an account statement for the amount of the conditional deposit of $ 500,000 or more.
A reservation statement for the deposited amount for at least 3 years.
Turkish citizenship by investment | Employment of Turkish citizens
Article 12 of Law No. 5901 states that the owners of companies operating in Turkey can obtain Turkish citizenship, provided that 50 Turkish citizens are employed, taking into account the following conditions:
The company must employ a minimum of 50 Turkish citizens.
The headquarters of the company must be in Turkey.
Paying social security, social and health insurance fees for employees on an ongoing basis, especially during the last 6 months before submitting the naturalization application.
Documents required to apply for Turkish citizenship in return for employment
If you are a company owner wishing to obtain Turkish citizenship in exchange for employing a number of Turkish citizens, you will need to present several documents as follows:
The identity documents of the owner of the company, his wife and his children under the age of 18, and their translation and certification.
A commercial registry from one of the Turkish chambers of commerce, with a document proving the employment of at least 50 Turkish employees.
Prove that the facility has no debts in favor of the Turkish Tax Department.
A statement of the names of employees registered in Social Security.
A document proving that the company has no debts in favor of the Social Security Institution.
A clearance for the company from the existence of fines incurred by it.
In conclusion, we tried, through the tree of the topics of this article, to fulfill the presentation of the most prominent conditions for obtaining Turkish citizenship through real estate investment and other investments suitable for naturalization in Turkey.