cart-product
cart-product
cart-product
cart-product

Turkey's Home Purchase Migration Policy

18 September 2018The Turkish Parliament revised the Turkish Nationality Act, which greatly lowered the threshold for Turkish citizenship.
Reduce one's investment from $1 million to $250,000. The applicant had to buy a property worth $250,000 or more and hold it for three years .Turkey's international identity is available to the presiding judge, as well as to its spouses and children under the age of 18.
Thus, Turkey's investment is naturalized the project became one of the lowest-priced citizenship items in the market.
To ensure the value of the property purchased is $250,000, the property purchased needs to be assessed by a government-approved evaluation institution, the property will not be sold at the notary public office for three years, and the Land Registration Administration will issue a "certificate of eligibility for investment".
After obtaining a confirmation of eligibility for investment, the investor first submits an application for residence permit with the Provincial Bureau of Immigration and then submits a citizenship application at the Provincial Bureau of Registration and Citizenship Affairs

Conditions of Application

The applicant have to be at least 18 years old
Buying a property with an investment appraisal price above $250,000.
The Purchased property should not be sold within 3 years.

Retinue

Spouse
Unmarried children under the age of 18


Real Estate Investment Requirements

Applicants need to buy at least $250,000 in Turkey, According to the investment and immigration policy for housing purchase , the $250,000 real estate can be a set or can be achieved by purchasing multiple properties.
The property purchased by the applicant must be retained for three years and must not be transferred .The clause shall be entered as annotation in a building property certificate or a notarized sales contract;
The value of the property is assessed by the official valuation by the department designated by the Banking Regulatory Commission, and the value of the property is at least $250,000;
In case of notarized sales contracts and/or transfer of ownership by the Land Registry, the value of the property's assessment report must be at least $250,000;
If the property is purchased on a mortgage or by any other means, the value of the mortgage will be deducted from the valuation value and assessed at the remaining property price;
Payment must be made by bank transfer to the seller and a bank receipt should be attached to prove that the transaction is transferred from the buyer's account to the seller's account.

Key Points for Home Purchase Migration Projects

Investment time is 3 years;
An investor can be a Turkish citizen within three years, and all investment and legal income can be recovered after a full three years of investment;
Upon satisfying the three-year conditions, the property may be sold;
The applicant's children and spouses under the age of 18 will also be granted Turkish nationality;
No immigration detention;
Once a Turkish passport is obtained , Turkish citizenship will remain forever, and the children will be born as Turkish citizens.
Turkey recognizes multiple citizenships.

(0535) 246 30 00