Benefits of Turkish Citizenship for Property Buyers
Türkiye’s real estate landscape is not just transforming; it’s thriving, offering a wealth of opportunities for savvy investors.
By 2020, a striking figure of 5,100 new Turkish citizens had collectively invested an impressive $1.7 billion into the nation’s economy, a testament to the growing appeal of Türkiye’s property market.
This article invites you to explore the promising prospects and benefits of Turkish citizenship by property investment in 2024.
How to Get Turkish Citizenship
An individual has multiple options to obtain Turkey citizenship by investment, each with its own set of prerequisites and Turkish citizenship requirements.
These costs of buying real estate cater to diverse investment interests and ensure that the investment significantly contributes to the Turkish economy according to the Presidency of the Republic of Turkiye Investment Office:
1. Fixed Capital Investment
Make a minimum fixed capital investment of:
- USD 500,000
- Its equivalent in foreign currency
This investment can be in various sectors and is aimed at enhancing the economic infrastructure of the country.
2. Real Estate Acquisition
Purchase property valued at a minimum of:
- USD 400,000
- Its equivalent in foreign currency
A restriction in the title deed that prohibits the property from being sold for at least three years must be present, if you’re interested in buying property in Turkey and citizenship.
3. Job Creation
As confirmed by the Ministry of Labor and Social Security, create jobs for at least fifty individuals. This Turkish citizenship by property route emphasizes the investor’s contribution to:
- The Turkish job market
- Overall economic development
4. Bank Deposit
Deposit a minimum of:
- USD 500,000
- Its equivalent in foreign currency
This deposit should be made in banks operating in Türkiye, with the stipulation that the amount is not withdrawn for at least three years.
This Turkish citizenship by property investment condition is attested by the Banking Regulation and Supervision Agency, and it supports the financial sector in Türkiye.
5. Government Bonds
Invest in government bonds worth a minimum of:
- USD 500,000
- Its equivalent in foreign currency
This requirement is verified by the Ministry of Treasury and Finance, and it helps in funding government projects and initiatives.
6. Investment Fund Shares
Buy real estate investment fund shares or venture capital investment fund shares valued at a minimum of:
- USD 500,000
- Its equivalent in foreign currency
with the condition that they are not sold for at least three years.
This is confirmed by the Capital Markets Board of Turkey, supporting various sectors within the Turkish economy.
7. Private Pension Contribution
Make a minimum contribution of:
- USD 500,000
- Its equivalent in foreign currency
These are funds determined by the Insurance and Private Pension Regulation and Supervision Agency, with the stipulation that it remains in the private pension system for at least three years, as attested by the same agency.
Benefits of Turkish Citizenship
The citizenship by investment in Turkey program provides a range of advantages that extend beyond the financial investment:
1. Global Mobility
One of the most appealing benefits is visa-free or visa-on-arrival access to over 110 destinations, including sought-after locations like:
- Hong Kong
- Japan
- Singapore
This enhanced global mobility is a significant advantage for:
- Business people
- Travelers
- Those looking to explore different parts of the world more freely
2. Desirable Living Conditions
People who invest in Turkey consider the nation renowned for its:
- Mild Mediterranean climate
- Picturesque landscapes
- High standard of living
This makes it an ideal destination for those seeking a comfortable lifestyle, whether they choose to live there permanently or just spend part of the year in Türkiye or Bodrum.
3. Family Inclusion in Citizenship
The Turkish citizenship by buying property program is family-friendly, offering full citizenship not just to the primary applicant but also to include family members.
This means that spouses and dependent children can also benefit from Turkish citizenship investment, making it a comprehensive family solution.
4. Investor Visa E-2 Qualifications for the USA
Turkish nationals can apply for the E-2 Investor Visa to the United States after three years of residence in Türkiye. This visa offers the chance to live and work in the United States for a five-year renewable period, which makes it a desirable option for:
- Entrepreneurs
- Investors
5. Access to a Strategic Location
Türkiye’s unique geographical position as a transcontinental country bridging the following countries makes it an economically stable hub to invest in Turkey:
- Europe
- Western Asia
- Middle East
This strategic location offers significant business and investment opportunities.
Conclusion
The Turkish Citizenship by Investment program represents a unique opportunity for property buyers around the world. With numerous advantages to offer, the negation exceeds all expectations and gives you the ultimate reward. With more investment in Turkey for citizenship, you do not simply get citizenship, rather a whole myriad of arsenals under your belt.
Are you ready to invest in a place that is filled with incredible benefits? The Six Senses Kaplankaya, located near the serene Aegean Ocean is what makes your stay here even better. It’s not just about acquiring a piece of real estate; it’s about embracing a higher standard of living.
As the Turkish real estate market continues to evolve, the timing couldn’t be better for investors to consider this path to citizenship and all the advantages it brings. Contact us now!
