Turkey has been offering citizenship to foreign investors who buy property since 2018. This move aimed to attract foreign investment and boost the country’s economy. The program has been successful, with many investors taking advantage of this opportunity to obtain Turkish citizenship.
To be eligible for Turkish citizenship through real estate investment, the property purchased must be worth a minimum of $400,000. The property can be residential or commercial and can be purchased in any part of Turkey. The investor must also commit to keeping the property for at least three years. Additionally, the investor must not have any criminal record and must demonstrate sufficient income or assets to support themselves and their dependents in Turkey.
The process of obtaining Turkish citizenship through real estate investment is relatively straightforward. The investor must first find a property that meets the eligibility criteria and sign a sales agreement with the seller. They then need to apply for a residency permit, which can be obtained through a Turkish consulate or embassy in their home country or the local immigration office in Turkey. Once the residency permit is obtained, the investor can apply for Turkish citizenship through the Ministry of Interior.
The application process for Turkish citizenship can take up to six months and involves a background check and verification of the investor’s financial standing. Once the application is approved, the investor will receive their Turkish citizenship and passport, allowing them to live and work in Turkey and travel freely to other countries.
One of the advantages of obtaining Turkish citizenship through real estate investment is that it is relatively affordable compared to other countries’ citizenship by investment programs. Additionally, Turkey’s strategic location allows easy access to Europe, Asia, and the Middle East, making it an attractive destination for investors.
Furthermore, Turkey has a diverse and vibrant culture, a pleasant climate, and a rich history. The country offers a high standard of living at a lower cost than many other countries, making it an ideal place for retirees and families seeking a new lifestyle.
In conclusion, Turkish citizenship by real estate investment is a viable option for foreign investors seeking citizenship in a country with a strategic location, attractive lifestyle, and affordable investment options. In addition, it offers a straightforward process and benefits that make it an attractive investment opportunity.