Turkey’s strategic location between Asia, the Middle East and the rest of Europe has made it one of the most convenient locations to make an investment.
The Turkish government has made it easier for foreigners to invest in Turkey by allowing them the Turkish Citizenship with the purchase of one or more properties at the value of 250,000 USD. In addition to that specialized private offices are now established to monitor the Turkish Citizenship procedure.
All properties must be registered and declared by the Ministry of Environment and Urbanism. It is also possible to invest in Commercial properties with a rental income, which is a lucrative investment provided that all purchased properties should come with a Title Deed Registry to remain not sold for a period of three years.
Properties for sale in Istanbul and the rest of the country range from apartments to villas, compounds to complexes with different price ranges varying from one area to another. Most recent residential areas include all the facilities to accommodate the residents.
Foreigners who wish to receive the Turkish Citizenship by investment, should apply at the TAPU office, the General Directorate of Land Registry and Cadaster, after acquiring these properties. The TAPU office provides an approval within 3 to 7 days and foreigners could then apply for a residence permit with this application. They are then expected to apply with TAPU application at the General Directorate of Population and Citizenship to receive their citizenship. The whole process will be then followed by a specialized Citizenship office in Istanbul or Ankara and the Turkish citizenship will be completed within 45 to 60 days.
While applying for the Turkish Citizenship, foreign investors are allowed to include their close family members, husband or wife and children under the age of 18 in the application.