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- 2020-07-29 09:07 AM
- أعمال و إستثمار
Top 25 questions about Turkish nationality in 2020
Recently, the Turkish Ministry of Environment and Urbanization issued the executive regulations on the law granting Turkish citizenship, and the new law included significant amendments to obtain Turkish citizenship, including the granting of Turkish citizenship in exchange for the purchase of a property worth $250,000, up from $1 million in the previous decision.
The following are the most important questions discussed regarding the acquisition of Turkish citizenship, and their precise answers based on the Turkish Citizenship Act and its executive regulations published on 15 October 2018.
Q1: Can I get Turkish citizenship?
Yes, a foreigner can obtain Turkish citizenship in several ways, including buying a property in Turkey, provided that the purchase of the property is after 12 January 2017.
Q2: How much is the minimum amount of the property to be purchased to obtain Turkish citizenship?
The property purchased between 12/01/2017 and 18/09/2018 must be worth at least US$1 million.
The property purchased on 19/09/2018 and beyond must be worth at least $250,000.
Q3: How is the price of a property purchased to apply for Turkish citizenship assessed?
The property value assessment report must be obtained, certified by assessment institutions accredited by the Turkish government.
Q4: How long is it acceptable for the preparation of the property evaluation report?
The property evaluation report must not exceed a maximum of 3 months from the date of application, and the report is valid until the completion of the process of applying for Turkish citizenship.
Q5: Can I register the value of the property at Tabu at a lower price than its real tax relief price?
The value of the property registered with the Tabo cannot be lower than the value recorded in the valuation report, and if there is a difference between the two values, the property will be refused to apply for Turkish citizenship.
Q6: How is the dollar exchange rate calculated when paying for the property?
The dollar exchange rate will be calculated according to the official rate on the purchase date, according to the Turkish Central Bank's Price Bulletin.
Q7: Can the property price be just under $250,000?
This cannot be done at all, but the value of the property must be slightly greater than the value specified in the regulations in order for the application procedure for Turkish citizenship to proceed properly.
Q8: Can I pay for the property in cash?
This cannot be done, all financial payments from the buyer to the seller must be under documented bank transfers issued from the buyer's account to the seller's account.
Q9: How is the full payment of the property verified?
You will be asked to provide transfer receipts that confirm the transfer between the buyer and the seller, from the sending bank and from the receiving bank.
Q10: Can I buy a property from my non-Turkish brother or friend and apply for Turkish citizenship?
The property cannot be purchased from a foreigner, you must buy the property from a Turkish person or a Turkish company, while properties purchased from foreigners will not benefit you in applying for Turkish citizenship.
Q11: I have a property that I bought before the citizenship law was issued in Turkey, can I give up ownership of this property and transfer it to the name of my wife or one of my children, and then buy it back from them to apply for Turkish citizenship?
No, it is not permissible to sell or waive a property and then buy it back after 12-01-2017 even if it is from the wife or one of the children, and that will not entitle you to apply for Turkish citizenship regardless of the value of the property.
Q12: Can I buy a property in installments to apply for Turkish citizenship?
Payments will only be deducted from the value of the property, and in the event of installments or mortgages, unpaid payments will not be charged. Therefore, premiums must exceed $250,000 in order to apply for Turkish citizenship in exchange for a property purchased in installments.
Q13: Can I sell the property immediately after i have turkish citizenship?
No, the property can only be sold 3 years after the date of purchase, and you must write a pledge not to sell the property for 3 years, which is registered in tabo.
Q14: If I get Turkish citizenship after buying the property, will my wife and children get Turkish citizenship with me as well?
Yes, a wife and children under the age of 18 are granted Turkish citizenship when applying in the same file to the landlord.
Q15: Can I buy more than one property to apply for Turkish citizenship?
Yes, several properties can be purchased, provided that all properties are submitted together, with a total value of more than $250,000 on the date of application.
Q16: If all the conditions are met, am I sure I will be granted Turkish citizenship?
The Turkish government is studying the file of each investor, and based on the security study of his file, the decision to grant citizenship independently to each application is taken, and the decision shall be issued if approved by the Presidency of the Republic.
Q17: Can I buy any residential or commercial property to apply for Turkish citizenship?
Yes, you can buy any property of your choice provided it is worth more than $250,000, whether it is an apartment, villa, shop or any other property in Turkey.
Q18: How long does it take to obtain Turkish citizenship in exchange for buying a property?
45 days, is the period specified for the completion of the procedure for the process of obtaining Turkish citizenship, from the beginning of the transaction, i.e. the delivery of the required documents in full to the Turkish government, to the signature of the President of the Republic, who has the authority to approve the granting of Turkish citizenship.
Q19: I have a property I bought earlier, can I apply for Turkish citizenship?
If the date of purchase of the property before 12/01/2017 cannot apply for Turkish citizenship.
If the purchase date is after 12/01/2017 and until 18/09/2018 the property must be worth at least US$1 million.
If the purchase date after 19/09/2018 must be at least $250,000.
Q20: Can a Syrian obtain Turkish citizenship under this law?
Since Syrian nationality holders cannot own real estate in Turkey at the moment, syrians cannot obtain citizenship in exchange for a real estate investment, but they can take advantage of the other options in this law to obtain Turkish citizenship:
A fixed investment of at least US$500,000.
Providing employment opportunities for at least 50 Turkish citizens.
Deposit in Turkish banks for at least $500,000.
Q21: After I have obtained Turkish citizenship in exchange for a real estate investment, will I be called up for compulsory military service in Turkey?
If you obtain Turkish citizenship after the age of 22, you will be exempted from military service in Turkey.
Q22: If I get Turkish citizenship in exchange for buying a property, how can my children over the age of 18 get Turkish citizenship with me?
A separate file can be submitted to each 18-year-old to obtain Turkish citizenship in exchange for his or her own real estate investment, and the same conditions must be applied in full.
Q23: Can I retain my original citizenship after I have acquired Turkish citizenship in exchange for buying a property?
Yes, of course you can retain both nationalities, there are no requirements for waiving your original nationality when obtaining Turkish citizenship.
Q24: Can I make a power of attorney for someone else to submit the citizenship file and follow up on the procedures for me?
Yes, you can make an agency with the Turkish Embassy in your country, or with the notary in Turkey, for anyone you choose to follow up on your behalf.
Q25: If I buy a property for the purpose of applying for Turkish citizenship, can I rent it?
Yes, the property can be rented. The important thing is to retain ownership and not sell it for only 3 years.
To Antalya Real Estate
Read also: Investing and establishing a company in Turkey
Read also: Tabo in Turkey - All About The Title Deed
