Is it possible to buy Turkish citizenship? What is the price?
What is the price of Turkish citizenship? Is it legal to get it? What are the consequences of those who obtain it illegally? Learn more with us at Imtilak Real Estate.
Is it possible to buy Turkish citizenship? What is the price?
Learn with us, through Imtilak Real Estate, the cost of Turkish citizenship and the legal ways through which citizenship can be obtained.
Table Of Contents
- Is it possible to buy Turkish citizenship?
- What is the price of Turkish citizenship by legal means?
Is it possible to buy Turkish citizenship?
First of all, it is necessary to clarify some of the concepts contained in this question. It is not possible in any way to buy Turkish citizenship in the literal sense, but by this we mean the possibility of benefiting from the laws that allow foreign investors to obtain Turkish citizenship by investing in Turkey.
Therefore, we can give an answer by saying:
After the last amendment issued by the Turkish government in 2018 to the naturalization decision, it has become possible to obtain Turkish citizenship in an easier and several ways, including real estate ownership, investment and bank deposit.
Is paying money to obtain Turkish citizenship legal?
Turkish laws set certain controls for obtaining Turkish citizenship for foreign investors. Whoever does not abide by these laws and wants to move away from them to the crooked roads cannot reach the desired goal. This is evident in the behavior of some businessmen, who want to obtain Turkish citizenship by illegal means, by paying sums of money through which they try to reach their goal.
But in Imtilak Real Estate, based on the deep experience in Turkish naturalization laws, we say that paying money to influential people in order to obtain Turkish citizenship is not a legal matter, because the controls that determine the turkish naturalization laws are undoubtedly clear, it is not possible in any way to rely on roundabout ways in order to obtain Turkish citizenship within the institutions of the Turkish government.
What are the consequences of those who obtain Turkish citizenship illegally?
According to the laws that allow Turkish citizenship, any departure from the law when acquiring Turkish citizenship or undertaking any act that violates the laws concerning investment in Turkey or the purchase of property, the decision of citizenship shall be revoked, and citizenship shall be withdrawn from it as contrary to the laws established.
In addition, the submission by the investor of the required documents for Turkish citizenship in contravention of the laws or the presentation of false documents at the time of submission places the investor under legal accountability. In the event that he or she is found to have Turkish citizenship through any illegal act, whether in the purchase of property and investment, or in the papers submitted, citizenship is withdrawn and the decision to naturalize is declared invalid.
What is the price of Turkish citizenship by legal means?
According to the laws established in 2012 and amended in 2018, the investor can obtain Turkish citizenship through legal methods by paying the following amounts:
- Paying $250,000 to buy a property:
The amendments to the executive regulations of Turkish citizenship laws in 2018 made it possible for many investors to obtain Turkish citizenship by purchasing a property worth $250,000, instead of one million dollars according to the previous decision, but it is necessary to fulfill the following conditions:
Note: The law on obtaining Turkish citizenship in exchange for real estate has been amended as of April 2022, to become $400,000 instead of $250,000.
- Regularly registering the property in the Title Deed Department, whether this property is ready or under construction.
- The property must be purchased from a Turkish person or a Turkish construction company.
- A real estate appraisal report from a real estate appraisal company approved by the Turkish government.
- Undertaking not to sell the property before 3 years.
- To pay the value of the property through a regular bank transfer, and in this context, the Department of Foreigners Affairs in the Directorate of Land Registry and Real Estate Survey in Turkey issued a circular, explaining the mechanism for obligating citizens of foreign countries wishing to purchase real estate in Turkey, to pay the price of the property in foreign currencies, and sell these currencies to the Central Bank of Turkey directly or indirectly.
- Deposit a bank amount of $500,000:
Under the recent amendments to the conditions for granting Turkish citizenship to foreigners issued on 09/18/2018, the minimum deposit amount in a Turkish bank has decreased from $3 million to $500,000 only, provided that the deposited amount is not withdrawn for a minimum period of 3 years, so the foreign investor can obtaining Turkish citizenship through a bank deposit, which is one of the fastest ways to acquire citizenship in Turkey.
What is the best legal way to obtain Turkish citizenship?
Obtaining Turkish citizenship through real estate ownership is one of the best and most feasible ways, especially since this method combines obtaining a house in Turkey and the opportunity to live as a Turkish citizen in a sophisticated and civilized country.
In addition, the possibility of benefiting from the property through leasing in the event that you do not want to live in it or invest it by reselling it after a period of 3 years with attractive returns.
You may be interested: Living In Turkey... The Costs, Advantages, And Disadvantages
Imtilak Real Estate services for those wishing to obtain Turkish citizenship
Imtilak Real Estate company offers all the possibilities available to it, and its experiences over many years in selling real estate at the service for customers, as it includes providing services from the ground up from the moment the customer arrives at the airport, and securing hotel accommodation, until the moment the investor and all family members receive the Turkish passport.
The real estate consultancy office offers many options to the client in order to buy the right property, provides a comprehensive study of each of the options presented, and gives the necessary advice that leads the client to choose the right decision.
Services continue to be provided in the after-sale stage, where we manage the Turkish citizenship file by professional staff, who have sufficient experience in government transactions within state institutions.
Edited by Imtilak Real Estate ©
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