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November 10, 2021

Turkish Citizenship Program: Investing in Turkish Property in 2021

What are the conditions of obtaining Turkish Citizenship by Buying Property in Turkey?

The investor is required to acquire residential or commercial property with a deed restriction not to sell for 3 years from the date of purchase. Investors also have the right to acquire several properties, if the total amount complies with the requirements. The property can be rented out for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship. The same property cannot be used twice to qualify for Turkish Citizenship.

Why buy property in Turkey?

Turkish booming real estate market provides potential investors with a truly overwhelming choice of property and buildings for sale. To make easier property acquisition process and research for our clients, Mann’s Solutions has prepared the list of the Best Places to Invest in Property in Turkey. 

Istanbul

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. There is an incredible amount of choices available for potential buyers, including apartments and luxurious villas.

Antalya

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.

Alanya

A scenic seaside resort is becoming more and more popular among tourists. Alanya represents 30% of foreign investments in Turkish real estate. The place truly blends a vibrant cosmopolitan atmosphere and great historical monuments. Besides, properties in Alanya are available at far more reasonable prices, starting at $55.000.

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.

2. 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.

3. 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.