Buying property in Turkey for the purpose of obtaining citizenship

Buying property in Turkey for the purpose of obtaining citizenship
Buying property in Turkey with the aim of obtaining citizenship is a smart choice, combining real estate investment in Turkey for citizenship with the opportunity to join a promising country economically and socially.Purchasing property in Turkey to obtain citizenship has become a legally recognized...
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Buying property in Turkey with the aim of obtaining citizenship is a smart choice, combining real estate investment in Turkey for citizenship with the opportunity to join a promising country economically and socially.

Purchasing property in Turkey to obtain citizenship has become a legally recognized pathway that allows investors to acquire Turkish citizenship by buying real estate, especially after recent amendments that lowered the minimum property value to $400,000 USD.

The number of people wishing to obtain Turkish citizenship through real estate is increasing day by day, due to Turkey's political and economic stability, strategic geographical location, developed infrastructure, and a legal environment that encourages foreign investors.

In this comprehensive guide, we will cover the following points:

  • Requirements for obtaining Turkish citizenship through investment.
  • The required property value for obtaining Turkish citizenship.
  • Procedures for obtaining Turkish citizenship through real estate.
  • Advantages of obtaining Turkish citizenship through property ownership.
  • The role of Mbany Real Estate in facilitating the procedures.

Why do many consider buying property in Turkey for citizenship?

Turkish Citizenship by Buying Property: An Investment and Legal Incentive

By purchasing an apartment in Turkey with the aim of obtaining Turkish citizenship, investors can obtain the right to citizenship within a short period compared to other citizenship programs around the world.

Turkey is one of the few countries that grants Turkish citizenship by buying property in an easy and clear manner, making it a preferred destination, especially for investors from the Middle East and North Africa.

Advantages of Obtaining Turkish Citizenship Through Property Ownership

  • Freedom to travel to more than 110 countries without a visa.
  • Enjoying free healthcare and educational services.
  • Benefiting from real estate investment in Turkey to obtain citizenship and achieve good returns.
  • The possibility of granting citizenship to family members.
  • No requirement to reside in Turkey.

Requirements for Obtaining Turkish Citizenship Through Investment

What are the conditions for buying a property to obtain Turkish citizenship?

To obtain Turkish citizenship through real estate, several main conditions must be met, including:

  • The required property value for obtaining Turkish citizenship must be at least $400,000 USD.
  • Holding the property for a minimum of 3 years and not selling or transferring it during this period.
  • Transferring the amount from outside Turkey to a Turkish bank account in the investor's name.
  • Registering the property with the Land Registry (Tabu) legally and officially.
  • The property must be from a completed or near-completed project and legally registered.

Nationalities Allowed to Obtain Turkish Citizenship Through Real Estate

The program includes most nationalities in the world, including: Lebanese, Iraqis, Palestinians, Egyptians, Afghans, Pakistanis, Yemenis, and others. Some restrictions for certain nationalities can be overcome through licensed agents such as Mbany Real Estate.

Procedures for Obtaining Turkish Citizenship Through Real Estate

Steps to Apply for Turkish Citizenship Through Real Estate

The steps to apply for Turkish citizenship through real estate include the following:

  1. Choosing a suitable property that meets the program requirements.
  2. Officially appraising the property by an accredited appraisal office to ensure that the value equals or exceeds $400,000.
  3. Transferring funds from a foreign bank account to the investor's account within Turkey.
  4. Completing the registration process at the Land Registry in the investor's name and submitting a pledge not to sell for 3 years.
  5. Applying for a temporary residence permit and then applying for Turkish citizenship from the Directorate of Civil Registration and Migration Management.

How to Buy Property in Turkey for Citizenship

For those wondering how to buy property in Turkey to obtain citizenship, you must:

  • Deal with licensed real estate companies such as Mbany Real Estate.
  • Open a personal bank account in Turkey.
  • Obtain a tax number from the tax office.
  • Sign the contract and complete all official papers.

The Required Property Value for Obtaining Turkish Citizenship

What is the minimum property value?

According to the Turkish citizenship law by buying property, the required property value for obtaining Turkish citizenship must not be less than $400,000 USD or its equivalent in Turkish Lira according to the official exchange rate.

Cheapest Property to Obtain Turkish Citizenship: Is it Possible?

The investor can buy more than one property, provided that all properties are within the same application and that it is proven that the total value is not less than $400,000.

Mbany Real Estate offers investment packages that include the cheapest property to obtain Turkish citizenship within projects approved by the Turkish government.

Best Areas to Buy an Apartment in Turkey for Turkish Citizenship

Real Estate Investment in Istanbul and Antalya

Istanbul is considered the first destination for buying property in Turkey to obtain citizenship, followed by Antalya, Trabzon, and Bursa. The high demand for real estate in these cities guarantees a continuous increase in the market value of the property.

Property Ownership in Turkey and Citizenship: The Relationship Between Location and Property Value

The more desirable the location and the stronger the infrastructure (proximity to transportation, schools, commercial centers), the greater the chances of obtaining Turkish citizenship by buying property and the higher the value of the property over time.

Does Buying Property Really Grant Turkish Citizenship?

What guarantees obtaining Turkish citizenship?

Does buying property grant Turkish citizenship? Yes, provided that all criteria are met, in terms of legal value, official documentation, and holding the property. It is always advisable to have a specialized lawyer or a trusted agent to ensure smooth procedures.

Legal Advantages After Obtaining Turkish Citizenship

Enjoying All the Rights of a Turkish Citizen

  • Running for and voting in local and parliamentary elections.
  • Working within Turkey freely.
  • Possessing a tax record and national number that allows you to open companies or projects.
  • The possibility of dual citizenship with other countries.

The Role of Mbany Real Estate in Facilitating the Procedures

Why Choose Mbany Real Estate?

  • Mbany Real Estate specializes in buying property in Turkey to obtain citizenship and has a wide base of legally approved properties.
  • It provides integrated services from receiving the investor and providing suitable options to obtaining the Turkish passport.
  • It has lawyers and legal advisors who follow up on the procedures for obtaining Turkish citizenship through real estate until the official decision is issued.

The Future of Real Estate Investment in Turkey for Citizenship

Is Turkish Citizenship Through Real Estate a Long-Term Investment?

Yes, it is not limited to obtaining Turkish citizenship through real estate only, but the property is considered a fixed asset that can be rented or sold later after 3 years.

Statistics show that the demand for real estate investment in Turkey to obtain citizenship is constantly increasing, especially from Arab investors.

Frequently Asked Questions: Buying Property in Turkey for Citizenship

+ What is the required property value for obtaining Turkish citizenship ?

The required property value for obtaining Turkish citizenship should start and not be less than $400,000 USD according to the current law.

+ Can several properties be purchased to reach the required amount ?

Yes, several properties can be purchased to reach the required amount, provided that all properties are mentioned in the same application file.

+ How long does the process of obtaining Turkish citizenship through real estate take ?

The process of obtaining Turkish citizenship through real estate usually takes from 6 months to a year, depending on the completion of the papers and the legal review.

+ Does Turkish citizenship include family members ?

Yes, Turkish citizenship includes family members: the spouse and children under the age of 18 automatically.

+ Can the property be sold after obtaining citizenship ?

Yes, the property can be sold after obtaining citizenship, but only after 3 years from the date of the pledge not to sell.

Conclusion: Buying Property in Turkey for Citizenship

In conclusion to this detailed guide on buying property in Turkey with the aim of obtaining citizenship, it is clear that this step is not only a financial investment, but also a legal, social, and strategic investment.

By buying property in Turkey to obtain citizenship, you can ensure a stable life and multiple advantages for you and your family, in addition to an opportunity to integrate into one of the most important global markets.

If you are looking to learn about the procedures for obtaining Turkish citizenship through real estate or are looking for the cheapest property to obtain Turkish citizenship, we at Mbany Real Estate put our expertise in your hands to ensure your success in this path with confidence and professionalism.

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