Investing in real estate in Turkey not only provides a lucrative opportunity but also offers a pathway to obtaining Turkish citizenship or a residence permit. Here’s everything you need to know about the process and benefits.
1. Turkish Citizenship by Investment:
One of the most attractive options for foreign investors is the Turkish Citizenship by Investment program. By purchasing real estate worth at least $400,000, foreign buyers and their families can apply for Turkish citizenship. The property must be retained for a minimum of three years. This program provides several advantages, including:
– Visa-Free Travel: Turkish citizens can travel to numerous countries without a visa.
– Dual Citizenship: Turkey allows dual citizenship, so investors can retain their original nationality.
– Full Family Inclusion: Spouses and children under 18 are included in the citizenship application.
2. Residence Permit through Property Purchase:
Foreigners who purchase property in Turkey can also apply for a residence permit. Unlike the citizenship program, there is no minimum investment amount required to obtain a residence permit. Key points include:
– Long-Term Residence: Property owners can apply for short-term residence permits, which can be renewed annually. After eight years of continuous residence, they may apply for a long-term residence permit.
– *No Minimum Investment:* There is no set minimum property value to qualify for a residence permit.
– *Family Members:* Spouses and dependent children can be included in the residence permit application.
3. Application Process:
The application process for both citizenship and residence permits involves several steps:
– Property Purchase: Find and purchase a qualifying property in Turkey. Ensure that the property meets the criteria for the specific program you are applying for.
– Valuation Report: Obtain a property valuation report from a licensed appraiser.
– Application Submission: Submit the application to the relevant Turkish authorities, including all required documents such as proof of purchase, valuation report, and passport copies.
– Processing Time: The processing time for citizenship applications can take several months, while residence permits are usually processed within a few weeks.
4. Benefits of Living in Turkey:
Turkey offers a high quality of life with its rich cultural heritage, beautiful landscapes, and vibrant cities.
Some benefits include:
– Affordable Living Costs: Compared to many Western countries, the cost of living in Turkey is relatively low.
– Excellent Healthcare: Turkey has a well-developed healthcare system with modern hospitals and highly trained medical professionals.
– Education Opportunities:Numerous international schools and universities provide quality education in various languages.
Conclusion:
Buying property in Turkey not only provides a solid investment but also offers a streamlined path to obtaining Turkish citizenship or a residence permit. Whether you’re looking to relocate, enjoy the benefits of dual citizenship, or secure a residence in a culturally rich and economically growing country, Turkey presents an attractive option.
For more detailed information on the application process and to explore available properties, contact our team of experts today.
For details you can contact with me
+90(530)390 02 84
