Obtaining a Turkish passport by buying a property
A foreign citizen can obtain a Turkish passport by buying a property if he meets the required conditions. In this article from Ebla Real Estate, we will talk about how to obtain a Turkish passport through buying a property, conditions and procedures.
Conditions for obtaining a Turkish passport by buying a property:
- Buying a property worth 400.000 $ or more.
- Moreover, the buyer must not sell the property for 3 years.
- The value of the property must also be paid in cash, and payment by installments is not accepted unless the value of the first installment is 400,000 $ or more.
- Furthermore, the property purchased must be sold for the first time for the purpose of obtaining Turkish citizenship.
- Obtaining the real estate appraisal report from an approved real estate company in Turkey.
- Registering the property officially in the Title Deed Department (the Land Registry).
- Additionally, the specified value of the property must be paid by bank transfer.
- Purchase of property from a Turkish national or a Turkish construction company.
The stages of obtaining Turkish citizenship and a Turkish passport by buying a property:
- Buying the property after obtaining the real estate appraisal.
- Obtaining the investor’s residence in Turkey.
- Submit an application to obtain Turkish citizenship.
- Naturalization stages.
- Receipt of the Turkish ID.
- Application for obtaining a Turkish passport.
- Receipt of the Turkish passport.
Documents required to obtain a Turkish passport by buying a property:
- A copy of the passport, translated and certified.
- Family book or family statement translated and certified.
- A clearance document of judgment for the buyer and his wife.
- 2 recent photographs of all family members.
- Receipts of the amounts paid for the property stamped from the bank through which the money was sent; This is a prerequisite for applying for Turkish citizenship.
- Receipts received by the seller of the property, or the “construction company,” stamped from the transmitting bank.
- Application form for obtaining Turkish citizenship in exchange for buying a property.
How long does it take to obtain Turkish citizenship and Turkish passport by buying a property?
The entire period that the transaction takes from submitting the application until obtaining Turkish citizenship and receiving the identity, ranges from two months to a maximum of 5 months, while the period for applying for and receiving a Turkish passport ranges from one to three weeks.
Why is obtaining Turkish citizenship by buying a property one of the best ways?
- The possibility of investing in the property and achieving financial returns and profits.
- Moreover, it is the fastest and least expensive way to obtain Turkish citizenship, compared to other ways.
- Furthermore, real estate taxes and fees in Turkey are low, compared to other countries.
- Government support for real estate investment in Turkey.
Thus, we provided the most important information about obtaining the Turkish passport by buying a property. For investing in real estate in Turkey and obtaining Turkish nationality, do not hesitate to contact Ebla Group.
Edited by: Ebla Group Real Estate
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