Turkish government opened the investment portal for foreigners and allowed them to own real estate since 2012, but these investments remained classified as foreign investments through which their owners are not entitled to obtain Turkish citizenship, but in late September 2018, Turkish government made a very important amendment to real estate investment and provided Turkish citizenship for free for every investor who buys real estate that worth $ 250.000 or more.
Since that time, the real estate investor has been classified as a local investor, as after buying a property or a group of real estate that worth $ 250.000, he can obtain Turkish citizenship within only 30 days, and thus he can complete his investment program with the same advantages that the local citizen obtains, such as bank loans and others.
You too, today, while obtaining Turkish citizenship, you can change your name and surname and open a new page of your investment life completely separate from your home country.
The Republic of Turkey allows dual citizenship, and therefore without giving up your original identity in your home country, you can start a new life and an investment file with a new name here in Turkey with your family.
Before we talk about the advantages of Turkish citizenship and the Turkish passport, the following question comes to mind: Is real estate investment in Turkey profitable?
In the above link, we answered the question in detail, but here we will answer briefly in line with the topic of the article.
Real estate prices have increased incrementally during the past four years (since the announcement of the Turkish Citizenship Law for the purchase of real estate worth $ 250.000) and thus the real estate investment was very profitable even if measured in terms of foreign currencies.
Successful investment properties were able to achieve a profit of more than 100% for the dollar calculation during a period of 3 years, which means a profit of approximately 500% if we calculate with Turkish lira.
For example, when an investor purchased a successful investment property in 2019 worth $ 150.000, which was equivalent to approximately 900.000 TL, today he can sell this real estate at a price of $ 300.000, which is equivalent to today approximately 4.5 million Turkish liras.
This answers the questions of some investors that the Turkish lira is unstable and constantly declining against foreign currencies, and this is true. At the same time, this does not mean that real estate investment in Turkey, even in the Turkish lira, is not feasible.
Get your real estate advice for free from our specialized team in order to guide you not for the cheapest property, but for the most profitable property during the coming period.
What are the advantages of a Turkish passport?
- Entry to 77 countries without a visa, in addition to easy entry to 26 countries of the Schengen area.
- A Turkish passport holder can travel to 33 countries and automatically obtain a visa on arrival.
- Turkish passport holder can travel to more than 8 countries by obtaining an electronic visa online.
- One of the most important features of the Turkish passport is that it is one of the 30 best passports in the world.
- Provides free tuition and payment plans for the university granted to Turkish citizens.
- There is no need to specify a minimum period of stay required.
- The processing and delivery time of the Turkish passport is relatively short, up to 30 days, which is an important feature of the Turkish passport.
- The holder gets all the medical rights offered to Turkish citizens.
- The owner can benefit from the retirement plan as a Turkish citizen.
- Grants the right to vote for all types of elections in Turkey.
- One of the best features of the Turkish passport is that it allows people who hold Turkish passports to obtain dual citizenship, meaning that the foreigner can keep his original citizenship.
- The Turkish passport is valid for 10 years.
- Another advantage of the Turkish passport is that it can be renewed for life.
- Persons with Turkish citizenship are entitled to obtain a Turkish passport immediately after obtaining Turkish citizenship.
These advantages exist at the present time with the possibility of its development and increase in the very near future, and now why do investors choose to invest in Turkey in particular?
- The renaissance, which specialists described as unprecedented in Turkey, in the establishment of huge investment projects, such as infrastructure projects that attract investors and large capitals to Turkey.
- The development of many industrial, commercial, and agricultural sectors that support real estate investments in Turkey.
- Encouraging the export of products manufactured by the Turkish state to the rest of the world and transforming Turkey from an importing country to an exporting country.
- Strengthening and developing the Turkish state electronic transactions to serve the interests of both the citizen and the investor, which will include many fields and sectors operating in state institutions.
- Facilitating the provision of services to citizens by creating secure websites on the Internet, and opening communication windows to facilitate access to services for all citizens.
- Unlimited support for the Turkish economy by developing new strategic plans to maintain the country's financial stability.
- Continuing to build huge investment projects that greatly benefit Turkey and its economy. Some of these projects have been completed, such as Istanbul International Airport project, the largest medical city in Europe and the world, Basaksehir Medical City. Some of them are still under construction, such as Istanbul Canal project and the new metro lines.
- The distinguished geographical position that Turkey occupies among the countries of the world. It is a bridge between the Asian and European continents. It also has very important land, sea and air trade crossings between East and West.
- The existence of Istanbul, which links the present and the past, brings together all civilizations, and attracts tourists from all over the world. This city also includes the largest vital projects in Europe and the world, and is now one of the largest industrials, commercial and tourist cities in the world.
- The spread of education in Arabic or English in many Turkish schools and universities makes choosing a Turkish passport an interesting matter and frees you from the Turkish language barrier in education.
- The great amenities provided by the Turkish government for those who wish to own and invest in real estate.
Many advantages await you when you and your family obtain Turkish citizenship, but remember that the Turkish citizenship law through real estate investment is an exceptional law and it is subject to cancellation or amendment (raising the required limit for obtaining Turkish citizenship) at any time, so we advise you to take the right step as soon as possible and take an advantage of this law to join the group of local investors in Turkey.
