Turkish citizenship through real estate transactions in Turkey: There are some ways of obtaining Turkish citizenship by investment without fulfilling the requirements. It is important to note that there are different methods for acquiring Turkish citizenship. There are two options: either purchasing the property outright in Turkey or purchasing an individual Turkish citizenship. In order to purchase an individual Turkey citizenship, an individual first needs to have a Turkish national passport. An individual can then pursue to acquire Turkish citizenship by investment by purchasing property in Turkey. There are various options for this method including: buying apartments or houses in Turkey, or purchasing condos or villas in Turkey, or purchasing any other type of residential realty in Turkey.
Turkish citizenship by investment: If you choose to purchase a house in turkey, you should note that the property buyer also becomes a Turkish national. This can be accomplished by purchasing an overseas house or property, or by becoming a Turkish national through naturalization law. This can also be accomplished through securing an international loan or scholarship for gaining access to the property in turkey. This can all be done legally.
There is no minimum period of time or requirement to become a Turkish national according to the Turkish law. Foreign investors in Turkey can purchase property without fulfilling the three-year waiting period, provided that they possess the funds required by the Turkish authorities. There are some exceptions to this minimum waiting period. If the buyer and the property seller do not both live in turkey, or if the buyer or seller does not have a Turkish national identity, the law will allow them to register the property without fulfilling the three-year waiting period. In addition to being a Turkish citizen, the buyer also needs to have an intention to return to Turkey upon expiry of the visa.
There are, however, measures and strings attached to purchasing real estate in turkey. Anyone who purchases real estate in turkey without a tunic passport or who buys commercial property or rolls the funds provided by a bank in a currency other than that used in turkey will be considered an illegal immigrant. This can result in criminal prosecution and hefty fines.
Real estate investors interested in investing in houses, apartments and condos in turkey should also realize that some type of investment may be required in order to become Turkish citizens. The most common requirement is purchasing a Turkish national with residency status. If you meet these conditions, you will be able to buy real estate in turkey. Many investors prefer to purchase property with a floor easement rather than a Turkish citizenship, because the latter lacks the requirement to obtain a floor easement. However, it should be noted that foreigners who obtain a Turkish citizenship may still need to purchase a floor easement, making it impossible for them to invest in real estate in turkey.
The requirements for obtaining Turkish citizenship via a floor easement vary slightly from the requirements for purchasing property as a foreigner. For properties purchased with a floor easement, the investor must have purchased the house at least five years before he or she is eligible to apply for residency. Foreigners looking to purchase property with a floor easement should ensure that the property they wish to buy is in an area of Turkey that is serviced by the Turkish Republic. Holding Turkish citizenship does not grant an investor the right to reside permanently in turkey. Investors must also satisfy the residency requirement by purchasing property within the said country for at least five years prior to applying for residency. In order to increase their chances of qualifying for residency, investors are encouraged to purchase property within the Republic of Turkey.
Although there are minimal requirements for purchasing property in turkey, foreigners looking to invest should be aware that they may face some difficulty in applying for homeowner's insurance in turkey. This is due to differences between the nationality and the United Kingdom insurance regulations. The majority of insurance companies in the UK will be willing to work with a dual citizenship or resident visa, but only a handful of companies are willing to do so. Turkey's resident visa is different and requires the investor to reside in the country for a specified period of time. If the investor plans to purchase property within the borders of the country, he or she will not be eligible to use the homeowner's insurance policy.
By utilizing a title deed or trust, Turkish buyers can circumvent these problems and easily obtain Turkish citizenship. Title deeds and trusts are forms of property investment, which require little work on behalf of the buyer. Upon purchasing a home or condominium, the buyer signs the deed or trust, which then authorizes the agent or company to act on behalf of the purchaser until such time as he or she takes over the ownership of the property. Once this happens, the title deed or trust is recorded and serve as legal evidence of the purchaser's ownership.
