USD/RUB
GBP/RUB
TRY/RUB
EUR/RUB
19520
1
0
Turkish authorities are actively attracting foreign currency into the country's economy. The popular investment program is also aimed at achieving this goal. According to it, every foreign buyer who purchases property worth at least $400,000 can immediately obtain Turkish citizenship. This program is highly beneficial for foreign investors and for Turkey, which thus compensates for growing government expenditures and offsets the fall of the lira. Our specialists have prepared material for you on how to become a Turkish citizen by buying a flat by the sea.
Contents
1. How to obtain the right to Turkish citizenship
2.1. Minimum property price that grants citizenship
4. Who is ready to invest in property and immediately obtain citizenship?
4.1. How to obtain citizenship in other countries?
5. We'll help you buy property in Turkey and obtain citizenship
How to obtain the right to Turkish citizenship
The authorities have made a generous offer to foreign investors by setting a minimum property value threshold at $400,000, which grants a Turkish passport.
To become a Turkish citizen, you must fulfil one of the following conditions:
- Purchase property worth at least $400,000;
- Invest in business or production in the country at least $500,000;
- Invest $500,000 in securities for at least 3 years;
- Deposit at least $500,000 in a Turkish bank;
- Provide 50 jobs.
By fulfilling one of these requirements, a foreigner can apply for local citizenship. To maintain the passport, immovable assets in the country must remain in the foreigner's ownership for a minimum of 3 years.
Buy a flat—get citizenship
Attracting foreign currency is one of the primary tasks for the Republic of Turkey. Tourism and the real estate market are the most effective tools for this task.
Many foreigners living in Turkey can become full-fledged citizens of this state. After all, although a residence permit provides the right to open a business, register a car, and enjoy other privileges, it still does not offer the same opportunities as a passport.
Minimum property price that grants citizenship
The program's main advantage is that it offers numerous opportunities for buyers with limited budgets. The minimum threshold of $400,000 is realistic for many foreigners ready to invest in housing on the Turkish coast.
Experts note that foreign investors' interest in flats from developers, new buildings and secondary housing increased significantly immediately after the program was updated. Buying a flat in Turkey directly from a developer at a reasonable price and receiving citizenship is an attractive and genuinely profitable offer. For many foreign citizens, this is an opportunity to change the challenging climate for the excellent weather conditions of the Mediterranean coast.
Prices will remain stable
Nominally, real estate in Turkey is becoming more expensive. This is mainly due to the volatility of the national currency. However, adjusted for inflation, prices are stable and, in some areas, even decreasing. Yekta Homes already offers numerous options for apartments in the highly popular region of Alanya. You can choose a flat in ready-made residential complexes in Mahmutlar or invest profitably in apartments in under-construction projects.
Many people are interested in Turkish real estate exclusively as a place for recreation or a source of income from renting. For this category of buyers, the opportunity to obtain citizenship will not be a reason to overpay for a property.
Who is ready to invest in property and immediately obtain citizenship?
Russia, Iran, Ukraine, Iraq, and Germany are the top 5 countries whose citizens have actively purchased real estate in Turkey in 2024. The reason lies in the tense global political situation. Therefore, wealthy citizens of the countries mentioned above are happy to purchase Turkish real estate.
How to obtain citizenship in other countries?
Investment programs worldwide are experiencing a resurgence. Many countries offer residence permits on attractive terms. For an investor, this means receiving a certain status and periodically renewing it through a standard procedure. To obtain a passport through naturalization, one usually has to wait 510 years. Not every Eurasian country is ready to offer the same opportunities as Turkey provides. This offer can be called exclusive.
Saint Lucia, Saint Kitts and Nevis, Dominica, Antigua and Barbuda, and Grenada offer passports through investment. The investment amount starts from $200,000, but investors in these countries are additionally required to pay government fees comparable to the cost of real estate.
Malta has an investment program that allows obtaining citizenship in an accelerated manner, just 1 year after receiving a residence permit. The minimum investment in real estate is €700,000. The list of expenses will also include government fees, due diligence checks, etc.
Against this background, Turkey's conditions for obtaining citizenship look even more attractive.
We'll help you buy property in Turkey and obtain citizenship
If you understand what truly profitable conditions are, the Turkish investment program is designed for you. Especially given that with Yekta Homes, your transaction will be made as simple, fast, and efficient as possible. Our specialists are ready to assist you at every stage, from selecting a property at a reasonable price directly from the developer to obtaining a Turkish passport. We provide our clients with full professional support and perform all possible stages of the procedure under the power of attorney. Therefore, if you want to buy housing profitably and become a Turkish citizen, don't miss this fantastic opportunity! Leave a request on our website or call us at +90 533 782 0000.
_480x360.jpg "Guide to free economic zones in Turkey")
