Turkish Citizenship by Property Investment

Turkish Citizenship by Property Investment 2021; According to the new amendment, the minimum investment amount to give you the right to obtain Turkish citizenship has been reduced.

The statement published on 19.09.2018 in the Official Gazette, states that the lowest limit of one million US dollars worth of real estate property grants foreigners to obtain Turkish citizenship has been reduced to 250 thousand US dollars.

Halic Property has been working hard to offer the best to its customers since day one. In the recent few weeks with the increase in demand for Turkish Citizenship. The legal partner of Halic Property offers to handle all the Turkish Citizenship application procedures.  Our expert lawyers will follow up on the application until you have citizenship in your hands.

You may also read about Our Law Firm, Help yourself with Turkish citizenship for property investment.

How to do the Application of Turkish Citizenship by investment?

The article on citizenship law on getting Turkish citizenship by property investment was changed on 19.09.2018 and the investment amount was reduced to $ 250.000. It is getting too popular with Many people applying for citizenship.

These processes are very important and delicate operations. The smallest mistake can lead to loss of money and even rejection of the application for citizenship. The most important choice here is with whom you are going to work.

The construction company, the real estate agency, and the lawyer’s triangle are very important. They must work with absolute coordination and act together. Since the process is new, it is very difficult to find experienced consultants/lawyers and agents in the market.

What would happen if you don’t choose the right company? let’s just say a few of the many problems below.

  1. You have to bring foreign currency to buy real estate in Turkey by law. The minimum amount is $ 250,000. Real estate is sold in Turkish Lira. If it is not the right real estate agent for you and inexperienced, they cannot offer you the right places. If a problem arises, you may want to give up and get your money back and ask for a refund. In the best case, you will lose money from the exchange rate difference, or from the penal clause stated in the contract between the customer and the construction company.
  2. If the agency does not recommend the right construction company, the firm may go bankrupt and the construction may have stopped. Real estate delivery may be delayed. There may be a mortgage stated on the title deed. Residency and sales permits may not be ready. The process may get very long. You may be charged extra charges, you may not withdraw the money you paid or your application may be rejected.
  3. When applying for citizenship, the government does not take into consideration the price you paid, it considers the price to be given by an independent expert as a result of an audit. If you don’t get the property at the right price, if you buy an overpriced house, the expert’s price remains low. In this case, you can take the house but you cannot apply for citizenship. As you bought an overpriced property, you cannot sell it at that high price.
  4. If the inexperienced counsel/counselor does not know the process well, your application may be rejected, the process may be extended and you may incur extra costs at best.
  5. The process of citizenship is a very delicate and important process. It is very important to choose the right company in this process which is one of the turning points of your life. As Haliç Property, we have managed this process many times with our experienced partners and concluded with a 100% success rate. Like all our friends, we are always with you at this turning point in your life and beyond. We never leave you and your family halfway on your journey with us.

What is the Advantage of Turkish Citizenship?

  1. When you become a Turkish citizen, you can enter Turkey without visa.
  2. When you become a Turkish citizen, you can start to live in Turkey without taking residence permission.
  3. When you become a Turkish citizen, you can start to work in any job in Turkey without taking work permission.
  4. When you become a Turkish citizen, you can build a company without requirements applied to foreigners.
  5. When you become a Turkish citizen, you can buy a property without a delay caused by military control.
  6. When you become a Turkish citizen, you can vote in every election.
  7. When you become a Turkish citizen, you can take state-sponsored pension.
  8. When you become a Turkish citizen, you can have a global health insurance that Turkish government will give.
  9. When you become a Turkish citizen, you can buy a car without having a foreign license plates.

How Can I Get a Turkish Passport with Turkish Citizenship Investment?

There are lots of ways to be a Turkish citizen, but the easiest way to be a Turkish citizen to the advantage Of Turkish citizenship is having a property costs at least 250.000 Dollars in Turkey as a foreigner. Even if this is the easiest way, you should be so careful in this duration. So to get help from an expert, everything can be so simple.

The perfect choice will be Halic Property for you. Halic Property has 7 years of experience with its expert team members. Also, this company is based in Istanbul. Team members of Halic Property can speak English and Arabic without their native languages. These team members will be on your side from the pre-sale time to after-sale times. There are types of experts in this team as real estate specialists, after-sale specialists, lawyers, interior designers, transportation experts, etc.

With different types of real estate investments in its portfolio, Halic Property offers its clients more than a property. After having your new apartment, Halic Property can help in your Turkish citizenship applications, company registrations, every kind of legal issue related to your new property, following your maintenances fees, paying your taxes, etc.

In Halic Property’s portfolio, you can find every kind of investment opportunity. Like you can find houses in developing areas or you can find an apartment with resale options in the center of Istanbul or you can find a place in a shopping center or you can find land in developing areas of the city.

Halic Property is one phone away from you. So it’s time to pick up your phone and call us to have the advantage of Turkish citizenship and have a new home for you.

Fall in currency and rise in investment

Because of the shocking slash in the minimum investment amount to $250,000, the Turkish Lira falls to around 45 percent than its previous actual value. Since the Lira has fallen substantially, turkey has raised the market for its potential buyers from China and the USA who have been Turkish property for quite some time. It is a known fact that real estate gains are more valuable than any other financial instrument in Turkey. The aim is to boost the flagging real estate market.

Anybody who chose to live in Turkey will be able to enjoy a more comfortable and varied lifestyle for their money because of the better facilities and improved quality of life. The government believes that the investment is still a safe bet when it comes to Turkey.

Investment- A solid option

Turkey’s location is a gateway to the Middle East, Asia, Europe, and North Africa making it a strong target for trade investments as well as one of the chosen tourist spots. Tourism and location make Turkey a valuable place to make investments. However, it is believed that Turkish real estate is a diamond in the crown called economy. Over the years the numbers of households which are sold have increased, hence, outperforming most other markets of the world. The believers have an opinion that Turkey is an educated, professional and meant for mobile middle class propel for real estate economy. The latest measures taken by the government aims at maintaining countries excellent track record and the decision makers are positive about their approach.

Given below are few conditions for Turkish citizenship by investment

  • Investors can opt for fixed capital investment for $500,000 to gain citizenship.
  • Foreign investors can buy $250,000 worth of real estate, which they must not sell for the next three years.
  • Deposits requirement has now shifted to $500,000 from $300,000.
  • The funds must stay in place for three years.
  • If a foreigner can generate jobs for at least 50 people are eligible for citizenship.

Now we know that the latest line of measures taken by the Turkish Government is to make way for the foreign investors to live and invest in Turkey with full confidence and comfort. The government has slowly digitized the process required for verification of information and making appointments in order to ease down most of the application procedure.

Next time if you are making an investment then you know where to invest and which place will reap the benefits of your real estate investments in the future.