Turkish citizenship by investment for Indian citizens

Since the beginning of 2024, we have noticed a noticeable influx of Indian citizens to own properties in Turkey and obtain Turkish citizenship or permanent real estate residency. This is an exceptional opportunity at this time to protect capital from inflation, and also because Turkish citizenship is offered for free when owning properties in Turkey worth $400,000. Turkish citizenship is considered a very important advantage for Indian citizens because a Turkish passport facilitates entry into many more countries than an Indian passport without visas. On the other hand, Turkey is a country that respects religions, and any citizen can freely practice their religious rituals, which is something many Indian citizens seek due to the loss of this freedom in their home country. Even Indians residing in Arab Gulf countries, despite the freedom they enjoy, those countries do not grant their citizenship to any foreign citizen, even if they are businessmen or have resided there for a long period. Hence, the interest in Turkey is increasing day by day. If you are reading this article in the first half of 2024, know that you were one of the first Indian investors looking to buy property in Turkey and obtain Turkish citizenship.

Is Turkey a suitable country to start real estate investment? Living in Turkey is very suitable for Indian citizens because the services are excellent and widely available, and there are also job opportunities and freedoms available to citizens. But what about real estate investment? If life in a country is aspired by many people, then real estate investment will definitely be active, especially if you choose a city like Istanbul, which is home to 25% of Turkey's population and a significant number of foreigners from around the world. This means that investment through renting or resale is highly profitable in Istanbul. We are talking about rental yields of up to 10% annually and capital appreciation upon resale reaching 35% annually, and there are guarantees provided by some reputable companies in the market. You can learn more about them by contacting us for free.

What are the advantages of obtaining Turkish citizenship?

1- Enjoying full rights as a Turkish citizen.

2- Profitable real estate investment.

3- Turkish citizenship is for a lifetime.

4- Turkish citizenship for the entire family together.

5- New name and title upon obtaining Turkish citizenship.

6- Power of the Turkish passport.

7- Diverse culture in the country.

8- Continuously developing infrastructure.

9- Turkey's geographical and political status.

10- The future of Turkey.

What are the advantages of the Turkish passport?

• Visa-free entry to 77 countries, in addition to easy access to 26 countries in the Schengen area.

• Automatic visa issuance upon arrival in 33 countries.

• Access to over 8 countries through online electronic visa.

• One of the top 30 passports in the world.

• Free tuition fees and installment plans for Turkish universities.

• No minimum residency requirement.

• Relatively short processing and delivery time for the Turkish passport, around 30 days.

• Access to all medical rights provided to Turkish citizens.

• Ability to benefit from the retirement plan as a Turkish citizen.

• Voting rights in all types of elections in Turkey.

• Dual citizenship, allowing holders of Turkish passports to maintain their original nationality.

• Validity of the Turkish passport for 10 years.

• Lifelong renewal of the Turkish passport.

• Direct access to the Turkish passport for individuals who obtain Turkish citizenship.

These advantages exist at present and have the potential to further develop and increase in the very near future.

Now why do investors choose to invest in Turkey specifically?

The unprecedented renaissance in Turkey, characterized by the establishment of massive investment projects, such as infrastructure projects that attract investors and big capital owners to Turkey.

The development of numerous industrial, commercial, and agricultural sectors that support real estate investments in Turkey.

Encouraging the export of manufactured products by the Turkish state to the rest of the world, transforming Turkey from an importing to an exporting country.

Enhancing and developing electronic transactions by the Turkish state to serve the interests of both citizens and investors, encompassing various fields and sectors operating in state institutions.

Working on facilitating service provision to citizens through the establishment of secure online platforms and opening communication channels to facilitate access to services for all citizens.

Unlimited support for the Turkish economy by implementing new strategic plans to maintain the country's financial stability.

Continuing to build massive investment projects that greatly benefit Turkey and its economy. Some of these projects have been completed, such as the Istanbul New Airport, the largest medical city in Europe and the world, and the Başakşehir Medical City. Some projects are still under construction, such as the Istanbul Canal project and new metro lines.

Turkey's exceptional geographical location between continents, acting as a bridge between Asia and Europe, with important land, sea, and air trade routes between the East and the West.

The presence of Istanbul, a city that connects the present with the past and brings together various civilizations, attracting tourists from all over the world. This city also houses the largest vital projects in Europe and the world, and is now one of the largest industrial, 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 interesting and eliminates the language barrier in education.

The great conveniences provided by the Turkish government for those who wish to own and invest in real estate.

What are the required documents to purchase property in Turkey?

• If your goal is to acquire an investment property or obtain a real estate residency, your passport is sufficient to complete the property purchase process and transfer ownership directly to you.

• However, if you want to buy property and obtain Turkish citizenship, there are certain conditions set by the Turkish government to do so.

What are the requirements for properties to be eligible for Turkish citizenship?

The property price should be at least $400,000.

1. A property appraisal from a government entity must confirm that the property value is not less than the minimum required amount, which is $400,000.

2. A bank transfer receipt of $400,000, even if it is in installments. It is important to note that many investors are deceived by properties priced below $400,000, claiming they are eligible for Turkish citizenship. The amount is initially transferred to the seller's account and then returned and transferred again. However, the Turkish government has discovered all fraudulent transactions and immediately cancels their applications for Turkish citizenship.

3. The title deed (ownership document) should be ready. It is not necessary for the property itself to be ready. Sometimes the title deed is available in the early stages of construction, and sometimes the construction is complete, but the title deed has not been obtained from the property developer yet.

4. This point is important because some investors, who understand that a property under construction has a higher return on investment, mistakenly buy ready properties to secure Turkish citizenship. However, this is not a requirement, as mentioned earlier.

5. A commitment not to sell the property for a period of 3 years from the date of purchase.

6. It is possible to combine two ready properties from different projects, but for properties under construction, the purchase can only be made from the same project (either one or more apartments with a total value of $400,000).