In 2017, the Turkish authorities issued a decision allowing foreign investors to obtain Turkish citizenship by purchasing a property with a value of at least one million dollars, and in 2018 they made an amendment that allowed by obtaining Turkish citizenship by owning a property worth 250 thousand dollars, provided that it is not sold for 3 years. .

Every foreigner who has the right to own real estate in Turkey can buy a property or several properties with the aforementioned value through cash payment or in installments if the first payment exceeds the value of 250 thousand dollars, provided that the payment is through bank transfers and payment by hand is not accepted. The authorities also require that the application file be included Turkish citizenship has several papers, the most prominent of which is the title deed document, whether it is a “concession taboo or housing title deed” or a pledge not to sell for a period of 3 years in the purchase contract certified by the Notar Department.

Does the real estate that is still under construction give the right to obtain Turkish citizenship?
In the event that the value of the property exceeds or you have paid the amount of 250 thousand dollars and a pledge is made not to sell the property for a period of 3 years, and this clause is recorded in the purchase contract certified by the notary public, then the property is suitable for obtaining Turkish citizenship even if it is under construction or the construction work has not begun after.

This procedure is considered a type of facility provided by the Turkish government to foreign investors with the aim of simplifying the procedures for obtaining Turkish citizenship based on real estate ownership. The year 2019 allowed bypassing the submission of the full title document and accepting the floor title document (the easement) or mentioning the status of the title deed in the purchase contract.

What other facilities do the authorities give to foreign investors in Turkey?
Granting real estate residency regardless of the value of the property, its area and type, with the sole condition that it be residential real estate. Commercial, industrial or agricultural properties are not accepted.

Tax exemptions, most notably the exemption from paying value-added tax on the property, which ranges between 1% and 18%, if certain conditions are met by the foreign investor, most notably that he is not residing in Turkey and that the value of the property is transferred in foreign currency from outside Turkey.

The procedures for owning Turkish real estate do not differ between the Turkish citizen of origin and the foreign citizen coming to Turkey to own real estate for the purpose of housing or investment.

Buying a property, regardless of its value, gives the investor a great opportunity to nominate the authorities to obtain Turkish citizenship.

The authorities offer an open labor market in Turkey and it is allowed to invest in several sectors. The most common investment sectors in Turkey are:

1- Real estate investment.
2- Industrial investment.
3- Commercial investment.
4- A healthy investment.
5- Agricultural investment.
6- Investment in the animal sector.
7- Educational investment.

Granting Turkish citizenship through real estate investment: buying a property with a value of at least 250 thousand dollars, provided that it is not sold for 3 years

Granting Turkish citizenship through investment banking: Deposit 500 thousand dollars in any Turkish bank, provided that there is no withdrawal for 3 years.

Granting Turkish citizenship through public investment: establishing a company and employing at least 50 Turkish workers with minimum salaries for a period of no less than 3 years.