Turkish Citizenship: Why Investors Choose to buy Property

February 10, 2021

One of the most popular investment options offered by the Turkish Citizenship by Investment Program is Property acquisition from $250,000. Turkish property market generates increasing demand among international investors, and these are the main reasons:

Turkish Citizenship Program 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. 

 

Property in Turkey

Some of the most popular locations in Turkey for buying property are historical Istanbul, Izmir, Bodrum, and resorts like Antalya and Ankara. The reason why investors like Turkish Real Estate is also because of the infrastructure and size of the apartment offered by the market. 

A standard apartment size in Turkey starts at 110 m2 and by default, new developments suggest panoramic windows, marble halls, security, and reception, which makes the infrastructure of the development a 5-star hotel. 

Some of the development also include swimming pools, sports centers, playgrounds for children, small cinemas, and gardens. The advantages of Turkish real estate also include large terraces and interior design. Most of the Turkish designers choose eclecticism, a mix of loft and avant-garde styles when it comes to interior design. This makes the apartments suitable for any kind of investor and pleases most of the tastes.

 

Managing Director of Mann’s Solutions Evgeny Pavlov commented: 

“Turkish Citizenship Program is quite a popular choice among our clients, the Property acquisition investment option offers a lot of benefits and is a profitable investment choice. The property can be let for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship.”

 

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.

Program 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. 

Program benefits 

  • Visa-free travel to 115 countries 
  • Allows dual citizenship 
  • Free medical, educational services
  • No residency requirements
  • Passport is transferable to descendants
  • Relocation to the UK and USA

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 – Turkish Citizenship

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.