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Increasing in Foreign Investors who Got Turkish Citizenship

Increasing in Foreign Investors who Got Turkish Citizenship

According to a report issued by the Turkish Ministry of Foreign Affairs, the number of foreign investors who obtained Turkish citizenship in return for real estate investment reached 981 foreign investors with investments amounting to about one billion US dollars.

Following is the order of nationalities who got Turkish

The new facilities offered by the Turkish government have had a significant impact on the increasing number of foreigners who have acquired Turkish citizenship through the acquisition and investment in real estate.

This new facility provided by the Turkish Government include fulfillment of one of the following conditions for applying for Turkish citizenship:

  • Owns a property worth $250,000 and retained it for three years after which the owner can dispose of it, while the requirement in the previous decision was $1 million.
  • To open a project securing work for at least 50 Turkish citizens, while the requirement was previously 100 Turkish citizens.
  • The deposit amount in Turkish banks has become $500,000 for three years, instead of $3 million.
  • The lower limit of fixed capital investments is reduced to $500,000 instead of $2 million.

News link in the Official newspaper: www.resmigazete.gov.tr

Our company Tamalok real estate through its specialized team give a hand for our customers to obtain Turkish citizenship through real estate investments.

Following documents to be attached upon submission of the application are:

  • Passport copy.
  • Copy of the residence permit certified by the notary public.
  • Copy of the card is certified by the notary public.
  • Copy of title deed of certified property.
  • A copy of the bank deposit.
  • A purchase document showing the value of the property from the bank or intermediary institution and the accounts opened in the name of the property to be purchased.
  • A certified consent statement from the notary public “consent includes the sharing of information that allows access to deposits in the bank or information relating to real estate.”
  • A document describing company information.

 

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