10 Most FAQ on Turkish Citizenship by Investment

10 Most FAQ on Turkish Citizenship by Investment

10 Most Frequently Asked Questions on Turkish Citizenship by Investment

 

1) What is the new Turkish Citizenship by Investment Law?

As per the 106th Turkish Presidential Order dated 18 September 2018, foreign nationals who purchase an eligible property worth at least 250,000 USD may apply for Turkish citizenship by investment, on the condition that they pledge not to sell the real estate for at least 3 years.

 

2) Can I Apply Together With My Family?

If you meet the criteria program and apply for Turkish citizenship, your spouse and underage children may apply together with you.

 

3) Can I Keep My Other Citizenship?

Turkey allows dual citizenship. If your other nationality allows dual citizenship too, you can keep your other citizenship while applying for Turkish citizenship by investment.

 

4) Do I need to Live in Turkey In Order to Apply for Turkish Citizenship?

If you apply for Turkish citizenship by investment, you must first obtain a residence permit.

 

5) Do I need to Speak Turkish In Order to Apply for Turkish Citizenship?

If you apply for Turkish citizenship by investment, you do not need to speak Turkish.

 

6) Do I Need to Buy a Residential Property  In Order to Apply for Turkish Citizenship?

The property you choose to buy may either be a residential or a commercial property.

 

7) What Are the Alternatives to Investment Into Real Estate in Turkey?

You may apply for Turkish citizenship by investment not only by purchasing a real estate but also by either depositing 500,000 USD in a Turkish bank account with a pledge to not withdraw it for 3 years or you may register a company in Turkey with a paid capital of 500,000 USD.

 

8) How Long Does the Citizenship Application Take?

While the citizenship application may take up to 6 months, it usually takes around 2-3 months to be processed.

 

9) Can I Use a Bank Loan to Buy the Property?

When you are applying for Turkish citizenship, you may not use bank loan from Turkish banks to buy the property.

 

10) How Can I Check the Eligibility of the Real Estate?

For the real estate to be eligible its value must be assessed by a specially-licensed surveyor and then this eligibility must be confirmed by the Land Registry General Directorate. Furthermore, there are certain rules and restrictions regarding the previous owners of the real estate and the method of payment of its price.

 

Before you purchase a real estate for the purpose of Turkish citizenship application, it is highly recommended that you consult with a real estate attorney. Applying for Turkish citizenship can be a complicated process and it should be dealt with by lawyers who are specialized in this specific area. Antalya Lawyer and Antalya Attorney Baris Erkan Celebi and his Antalya Law Firm offer legal services to foreign nationals who would like to apply for Turkish citizenship by investment. These services include but are not limited to checking the eligibility of the real estate, applying for residence permit, registering the relevant pledges in the land registry, having the Land Registry General Directorate confirm the eligibility of the property, arrange the secure transaction of the price of the property and apply for Turkish citizenship by investment for the buyers and their families.