Turkish Citizenship Questions and Answers
According to the provisions of the law, the property must be purchased with the equivalent of 250 thousand dollars or more after the date of 09-18-2018, which is the date of issuance of the new amendments to the Turkish Citizenship Law. If the property was purchased previously, the value of the property must be one million dollars.
The person’s wife and children under the age of 18 obtain Turkish citizenship, and children over 18 or the person’s father and mother do not obtain citizenship, but they can apply for permanent residence in Turkey.
If a person is married to more than one wife, he must choose only one wife to obtain Turkish citizenship, and he must obtain the consent of the second wife through the Noter.
The property does not have to be purchased in foreign currency (dollars), but the value of the paid property will be calculated at the same foreign currency value on the day of purchase. For example I made a purchase on 04/10/2018 and paid in Turkish Lira. When applying for citizenship, the price is calculated according to the currency exchange rate on the same day of purchase.
It is not required.
The value of the property is calculated according to bodies approved by the state and approved by the Turkish Capital Markets Authority .. after applying for Turkish citizenship. An appointment is obtained with one of these companies, which in turn provides a report on the real value of the property.
You can contact us to obtain our services regarding the purchase of real estate, as Vaal Real Estate evaluates the property to be purchased in cooperation with one of these companies before commencing the purchase procedures.
After that, our lawyer goes with you to the Tapu Department (Turkish Real Estate Ownership Department) to install and extract an official document pledging not to sell the property for three years.
You cannot sell the property for three years from the date of your pledge not to sell, and the state will not allow you to sell in any case. Please note that you can sell the property to a Turkish person or a foreign person after three years, there is no problem with that.
Among the basic conditions and required papers is the title deed, so you cannot apply for citizenship if the title deed is not issued
Yes, it is possible.. As long as your ownership of the property is registered after the date of issuance of the amendments to the law, which is September 18, 2018.
Yes, the Turkish government allows dual citizenship. But it is up to your country of origin, whether it allows dual citizenship or not.
To get the Turkish Citizenship by investment, the currency is not required to be in Turkish Lira. According to the text of the law, any currency equals this amount, and it must remain in the bank for three years with the seizure of this amount. The only condition is that the amount must be deposited in one of the banks operating in the Turkish territory.
It’s up to the bank. What matters to the state here is the document of freezing the amount.. If the bank agrees to this procedure, there is no harm because no part of this amount has been withdrawn.
If you have deposited the amount in an interest-free account, no taxes will be deducted from the account.. But if the amount is with interest, taxes will be calculated on the interest, which is 22% of the annual interest. Please note that this number may change at any time according to economic data.
According to Turkish law, owners of a fixed capital of 500 thousand dollars are entitled to apply for Turkish citizenship. But this amount must be invested and spent on basic materials such as buildings and machines that can be used for investment and production inside Turkey.
Yes, it is possible, but provided that the share of each partner is 500 thousand dollars, so that he can apply for Turkish citizenship.
The law on hiring Turks in order to obtain Turkish citizenship has not yet been issued. As soon as any information becomes available, it will be announced.