In this article we will answer the question: ”How to get Turkish citizenship for the purchase of real estate in Turkey?”
Foreign citizens who do not work in Turkey invest in real estate in Turkey within the limits and amounts determined in accordance with the decision of the Presidium, as well as their spouses and children under the age of 18 can obtain Turkish citizenship. According to the latest rules adopted in 2018, foreign citizens who have purchased real estate (residential or non-residential) worth at least 250,000 US dollars, as well as their spouses and children under the age of 18 can apply for Turkish citizenship. There are no restrictions on the number of purchased real estate. As a result of making the necessary investments and collecting the relevant documents, an application for Turkish citizenship for real estate investments is submitted to the General Directorate for Population and Citizenship Affairs under the Ministry of Internal Affairs of Turkey.
To obtain Turkish citizenship by purchasing real estate, you must first register real estate worth at least $ 250,000 or the equivalent of other foreign currency in Turkish lira. The notary must have a contract drawn up with a note on the prohibition of rejection for 3 years. It should be taken into account that the transfer or renunciation of property cannot be made within a certain period of time.
Legal restrictions
The Republic of Turkey grants the right to obtain citizenship for the purchase of real estate to citizens of 185 countries, provided that they comply with the following legal restrictions:
Foreign citizens can purchase real estate up to ten percent (10%) of the area of the district. If necessary, the Council of Ministers has the right to double this limit (20%).
A foreign citizen can purchase up to 30 hectares (300,000 square meters) of real estate throughout the territory of the Republic of Turkey. If necessary, the Council of Ministers has the right to double this limit (60 hectares).
The property in question should not be located in a military or restricted area.
Payment
It is mandatory to present a receipt for all transactions. Therefore, it is important that the transaction is carried out through banks. A bank receipt confirmed by the bank, indicating that the corresponding amount was deposited by the buyer to the seller’s account, is provided at the time of application submission. It should be noted the following: the date of the receipt must be earlier than the notarization of the contract or no later than the day of conclusion of the contract. A payment receipt made after registration with a notary is invalid, since it cannot be considered a cash payment.
- foreign passport
tax number obtained in Turkey
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