Why Turkish Property Buyers Choose to Invest in Istanbul

The Istanbul property market is undoubtedly Turkey’s most tempting place when it comes to attracting international investors from all over the world. Historically, Istanbul has always been the #1 destination in Turkey for domestic property sales. To make the picture clearer, Mann’s Solutions team prepared the list of the top reasons to invest in Istanbul Real Estate.

Global Tourism and Business Hub

Being one of the top travel destinations in the world, Istanbul, the cultural capital of Turkey offers something to each visitor. Located on the threshold of Europe and Asia, the city shows how East and West contrasting cultures can mingle as one and flourish.

Additionally, Istanbul is the number one city in Turkey for business, economy, and finance industries. The Turkish Government widely supports its citizens by financing young entrepreneurs and startup companies.

Modern Architecture

The government of Turkey decided to boost the Property market by developing new modern housing starting from 2000. Now, investors can easily find a wide range of modern houses with green living, contemporary minimalistic apartments, or millionaire homes all at attractive prices and profitable investment schemes.

Branded Lifestyle Projects

One of the strong reasons to invest in Istanbul is the amount of new branded housing projects, particularly those occurring on the outskirts of the city center. At the moment there are many new branded lifestyle projects, for example in Esenyurt and Buyukcekmece neighborhoods.

Weather and Lifestyle

Every year, Turkey attracts more than 50 million tourists from around the world. One of the main reasons is the ideal mild climate, nature, and Turkish lifestyle. More and more ex-pats and investors are moving to Turkey due to the relaxed ambience and outdoor style of living that boosts the soul and mind of every visitor. Turkish culture is welcoming and friendly, offers a great variety of healthy and delicious food when on the other hand Turkey offers incredible beaches, gorgeous historical sites, and many attractions.

Turkish Citizenship Program Overview

Turkey Citizenship by Investment program lets obtaining a second passport within 2 months and has low entry investment options starting from $250,000 for the entire family. No physical presence is required to obtain citizenship and there are no obligations to declare the applicant’s assets or income generated in other countries application process.

What are the Turkish Passport Benefits ?

Turkey Citizenship by investment program grants the applicant and applicant’s family visa-free access to more than 115 countries including Singapore, Japan, Qatar, and South Korea. The program allows dual citizenship and does not require residency, the whole process can be obtained remotely. Turkish citizenship can be acquired also by the spouse and children of the main applicant and is transferable to descendants.  The applicant also will be able to relocate and establish a business in the US under the USA E-2 Investor Visa.

Turkey Citizenship Investment Options

Become a permanent resident of Turkey by choosing one of the following three qualifying investment options. The requirement for maintaining the investment is a minimum of 3 years from the date the residence permit is granted.

1.Property Acquisition From $250,000

  • Acquire residential or commercial property with a deed restriction not to sell for 3 years from the date of purchase, Investors have the right to acquire several properties, as long as the total amount complies with the requirements.
  • The property can be let for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship.
  1. Capital Transfer From $500,000
  • Fixed-asset investment confirmed by the Ministry of Industry and Technology OR
  • Deposit $500.000 cash in a Turkish bank for a minimum of 3 years OR
  • Buy government bonds with the potential to receive interest as income, Investments to be kept for 3 years.
  1. Creation of 50 Jobs or Business Investment
  • Set up a business and create jobs for at least 50 Turkish employees.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours and in-person tours available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

All You Need to Know about Monaco Residency Program

Monaco Residency by Investment Program is a perfect route for high net worth individuals to obtain a home in the only zero-tax jurisdiction in Europe.

Despite being the second smallest country in the world, Monaco offers plenty of benefits to its resident, some of them are high standard of living, mild weather, security, and an absence of income or capital gains tax. In addition, Corporate tax and inheritance tax are minimal.

What advantages offers Monaco?

To the resident Monaco offers high confidentiality during the residency acquisition process, multicultural society, attractive lifestyle, and easy access to the French and Italian Riviera. Besides, there’s a very stable real estate market that offers many opportunities to investors and their families. Monaco is also well known for its high-quality sports, cultural, and education facilities.

Residency and Investment Requirements

To become Resident of Monaco the investor has to demonstrate and meet 3 base requirements:

  1. Accommodation
  2. Self Sufficiency
  3. Good Character Proof

The minimum investment amount depends on the applicant’s investment choice – real estate purchase, real estate rental, or bank deposit. Usually, the minimum investment amount starts from €1,000,000 – of which €500,000 is for real estate investment and €500,000 is for bank deposits. To meet good character requirements, the investor should present a clean criminal record of the past 5 years.

LONDON BASED SOLUTIONS ADVISERS – Citizenship and Residency Programs

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  •  Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency&Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

 For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Rishi Jhajharia on Unsplash

General Questions about Turkish Citizenship Program

Turkish Citizenship by Investment program is one of the most popular citizenship programs in the world. To make the application process easier and more clear, Mann’s Solutions team decided to prepare answers to the most frequently asked questions. 

The program lets obtaining a second passport within 2 months and has low entry investment options starting from $250,000 for the entire family. 

Is Turkish Citizenship granted for a lifetime?

The program lets obtain Turkish Citizenship for a lifetime and gives the investor the same rights as Turkish Citizens by birth.

Does the investor have to speak Turkish to be eligible for the investment program?

The investor and investor’s family are not required to speak the Turkish language in order to apply and benefit from the Turkish Citizenship by Investment program.

How long does it take to receive a Turkish Passport?

Mann’s Solutions team will help you throughout your application and during all steps of the citizenship acquisition process. As soon as you receive Title Deeds of the purchased property, your file will be handed to the related authorities. The evaluation procedures usually last from 45 days to 4 months.

Can I sell my property or obtain rental income from it?

The property can be left for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship. 

Are my spouse and children only allowed to apply for Turkish Citizenship? 

Turkish citizenship can be acquired also by the spouse and children of the main applicant and is transferable to descendants. 

What are the best locations to buy property in Turkey?

Antalya is quite often referred to as “the pearl of the Mediterranean.” The region offers superb views of the sea and mountains, long stretches of golden beaches, and 300 days a year of sunshine. The real estate market in Antalya is continuously expanding and offers non-residents countless options of property investment to choose from. 

 Istanbul is the 5th most populous city in the world and one of the largest cities in Turkey. The city can be considered the country’s leading hub of economy, tourism, and entertainment. On average, prices start from $60.000 and vary depending on the district’s infrastructure and history. 

Alanya is a scenic seaside resort is becoming more and more popular among tourists. Alanya represents 30% of foreign investments in Turkish real estate and properties in Alanya are available at far more reasonable prices, starting at $55.000. 

Yalova features emerald-green forests and the Marmara Sea with turquoise waves. The real estate market is growing and average property rates slowly increase. However, the prices are still considerably lower comparing to Istanbul, located within an hour’s drive. 

Are there any specific citizens who can apply within Turkish Citizenship by Investment program?

There is no regulations regarding nationality of the applicant. At the moment, citizens of any country are allowed to apply for the program.

What are the Turkish Passport Benefits ?

Turkey Citizenship by investment program grants the applicant and applicant’s family visa-free access to more than 115 countries including Singapore, Japan, Qatar, and South Korea. The program allows dual citizenship and does not require residency, the whole process can be obtained remotely. Turkish citizenship can be acquired also by the spouse and children of the main applicant and is transferable to descendants.  The applicant also will be able to relocate and establish a business in the US under the USA E-2 Investor Visa.

Turkey Citizenship Investment Options

Become a permanent resident of Turkey by choosing one of the following three qualifying investment options. The requirement for maintaining the investment is a minimum of 3 years from the date the residence permit is granted.

1.Property Acquisition From $250,000

  • Acquire residential or commercial property with a deed restriction not to sell for 3 years from the date of purchase, Investors have the right to acquire several properties, as long as the total amount complies with the requirements.
  • The property can be let for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship.
  1. Capital Transfer From $500,000
  • Fixed-asset investment confirmed by the Ministry of Industry and Technology OR
  • Deposit $500.000 cash in a Turkish bank for a minimum of 3 years OR
  • Buy government bonds with the potential to receive interest as income, Investments to be kept for 3 years.
  1. Creation of 50 Jobs or Business Investment
  • Set up a business and create jobs for at least 50 Turkish employees.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours and in-person tours available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Emre on Unsplash