If you’re considering purchasing property with a minimum value of $400,000.00 in Turkey, you have the opportunity to apply for Turkish citizenship through an investment route. Not only will you gain citizenship, but your spouse and children under 18 will also become citizens automatically. Your Turkish citizenship will be a lifelong privilege, and in some cases, you might even be eligible for dual citizenship due to reciprocal agreements with certain countries.
Key Points for Turkish Citizenship by Real Estate Investment:
- Ensure a minimum investment of $400,000.00, which can be achieved by purchasing a single property or multiple properties adhering to government regulations.
- Keep in mind that properties acquired for the purpose of obtaining Turkish citizenship cannot be sold within 3 years of the purchase date.
- The property transaction should be executed via a bank transfer, with receipts documenting the transaction from the buyer’s to the seller’s account.
- If you’re using a mortgage loan or if the property is under mortgage, the mortgage amount will be subtracted from the property’s valuation survey, and the remaining value will be considered for citizenship purposes.
- All applications will be submitted to the Ministry of Internal Affairs, General Directorate of Population and Citizenship Affairs, Foreigners’ Department through the Ministry of Environment and Urbanization, Land Registry Office.
It’s important to note that at Oceanwide Properties, we strongly recommend seeking professional advice from a lawyer or solicitor before proceeding with any investment.
UK Real Estate Investment and Residency:
In the UK, real estate investment can also open pathways to residency. With the right investment, you may qualify for a Tier 1 Investor Visa, allowing you and your family to live in the UK. This requires a substantial financial commitment, typically £2 million or more, invested in UK government bonds, share capital, or loan capital in active UK companies. The Tier 1 Investor Visa provides an excellent opportunity for those looking to invest in the UK and establish a new home.
UK Property Purchase Process:
When investing in UK property, a common route for obtaining residency is the Investor Visa as mentioned above. Additionally, purchasing a property in the UK doesn’t automatically grant you residency, but it can be an important step toward establishing ties in the country.
As with any significant investment, we recommend consulting legal and financial professionals who specialize in UK immigration and real estate law. Our team at Oceanwide Properties is here to guide you through the process, whether it’s for investment in Turkey or the UK.
Take the first step towards Turkish citizenship or UK residency today by exploring our real estate listings and discovering the ideal property for you and your family. The Turkish and British lifestyles await you!
If you have any questions or need further guidance, feel free to get in touch with our experienced team.
This version includes the information about real estate investment and residency in the UK, providing a comprehensive overview for readers interested in both Turkey and the UK.