Obtaining Turkish citizenship by buying a property
Obtaining citizenship by purchasing property in Turkey is a procedure involving several steps. First, it is necessary to purchase a property worth at least $400,000 or its equivalent and then submit an application to the General Directorate of Land Registry and Registration. The request for citizenship is then reviewed by the competent authorities. The value of the acquired property is recorded in a valuation report and submitted to the Ministry of Environment and Urbanisation. Once approved by the Ministry, the General Directorate of Land Registry and Registration makes a note that the property cannot be sold for three years, as required by the Ministry. The next step is to submit the application for citizenship to the Directorate General of Population and Citizenship, where the final part of the process begins. Once all formalities are completed at the General Directorate of Population and Citizenship, the person is entitled to receive a Republic of Turkey Identity Card.
Advantages of investing in property in Turkey:
The possibility of using the purchased property for permanent residence, creating a source of passive income or as a means of capital preservation.
Key conditions for obtaining Turkish citizenship through the purchase of property in 2024:
- The minimum value of the investment is at least 400 thousand US dollars. You can invest in one or more properties on a total that meets this requirement.
- The purchase must be made from a Turkish citizen or legal entities registered in Turkey.
- The property must not be sold within three years of purchase.
- The payment must be made in Turkish Liras, based on the exchange rate on the day of the transaction.
