The terms of obtaining Turkish Citizenship by real estate investment are about to alter. The minimum amount of investment required to be eligible for a Turkish passport is about to rise.
Increase of Turkish Citizenship Acquisition Value
Following the Turkish presidential cabinet meeting on April 12th, 2022, it was announced that the minimum value would be increased to 400,000 dollars after it was 250,000 dollars.
However, this new adjustment won’t be valid before the official publication in the official gazette.
Furthermore, we should point out that the minimum investment amount decreased from $1,000,000 to $250,000 in September 2018.
Note that the regulation of September 2018 began to be implemented for sales made following the formal notification. Similarly, we anticipate that the new regulation will take effect for purchases made following the formal release.
Furthermore, it is the time for investors to obtain Turkish Citizenship through real estate purchases. We strongly advise them to complete their sales before the minimum investment value rises.
Benefits of Turkish Citizenship
We should also point out that international investors who obtain T.C enjoy the same rights and benefits as native Turkish citizens. Applicants will also receive Turkish passports for their dependent family members, such as their spouse and children under the age of 18.
We should also note that the application process is rapid and straightforward, taking no more than 4 to 8 months.
T.C by Investment Program
In the same context, it’s worth noting that the Turkish government has established an investment scheme for obtaining Turkish Citizenship. By making an investment in Turkey, foreign investors can become eligible for Turkish Citizenship. This program, however, does not involve an obligatory stay in Turkey. Furthermore, various investment methods are available as part of the Turkish Citizenship investment program. Find them listed below.
– Investing in real estate by purchasing a property worth $250,000. (currently).
– Bank deposit: a three-year deposit of $500,000 at a Turkish bank.
– A set amount of money to invest: 500,000 dollars in any area.
– Job creation: establish a company and hire 50 Turkish citizens.
Yet, there are other methods that acquire the eligibility for Turkish Citizenship.
If you are interested in real estate investment in Turkey or seeking a house for sale, Property Advisor Turkey’s experienced consultant will assist you with a complete advisory. Please take a look at our services.
For any further information don’t hesitate to contact us.