Turkish citizenship through investments in Istanbul real estate
Since June 13, 2022, a law has come into force in Turkey, according to which the minimum investment threshold for obtaining Turkish citizenship is $400,000. And also, since July 01, 2022, the requirements for foreigners applying for a residence permit for the ownership of real estate in Turkey with subsequent naturalization have been tightened.
Turkey, unlike many countries, allows dual citizenship. There is no need to give up the passport of your state – this is one of the significant advantages.
Obtaining Turkish citizenship provides a number of advantages, of which one can especially highlight:
- Turkish citizenship will allow you to visit 111 countries, including Japan, Singapore.
- Turkish citizenship will allow you to open accounts in foreign banks without hindrance, which has become especially important for citizens of the Russian Federation.
- You can officially get a job in Turkey without the need to obtain an additional permit only if you are a citizen. A residence permit does not give such a right.
Turkish citizenship through investments in Istanbul real estate
You can get Turkish citizenship of Turkey by investing $ 400,000 in the country's real estate (the minimum cadastral value of a real estate object). There is no need to take the exam in Turkish. There are no restrictions on the length of stay in the country.
Residence permit of Turkey through real estate investments
The second way to become a Turkish citizen involves obtaining a special residence permit (not a tourist one), which in the future (after 5 years) allows foreigners to apply for a passport.
This type of residence permit was previously issued when buying any residential property or even for a long-term lease. But conditions have tightened – to obtain a residence permit, you now need to invest at least $ 75,000 in 30 large cities, including Istanbul, and from $ 50,000 in small towns and villages.
Also, since July 1, 2022, restrictions have been imposed on areas in the largest cities of Turkey in which it is possible to obtain a residence permit through investments in real estate in the country.
It is worth noting that investing in Istanbul real estate is currently one of the most profitable. Annual price growth reaches 10-15%. On average, the monthly income from the rental of real estate in Istanbul is 5-7%.The payback period of objects in the center of Istanbul is 3-5 years
We will be able to choose the best Option for you to invest in, as well as accompany your transaction, optimizing your expenses. We also provide after-sale service.
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