To qualify for Turkish citizenship through real estate investment, you must purchase property or properties in Turkey that total at least $400,000. This investment threshold is set to ensure significant economic contribution from those applying for citizenship under this scheme. Once you've made the investment, you must hold the property for at least three years, as part of the conditions stipulated by the Turkish government.
The process of obtaining citizenship by investment typically takes between 6 to 8 months, during which your application and supporting documents are reviewed. This includes verifying the value of the real estate through an approved appraisal company and ensuring all legal requirements are fulfilled.
This route to citizenship not only allows you to gain a second passport but also provides the benefits of living and working in Turkey, alongside visa-free travel to numerous countries that Turkish citizens enjoy.
Portugal has approved a major citizenship law reform, significantly tightening the rules. Key changes include increased residency requirements (up to 10 years), mandatory language and culture tests, and stricter rules for children born to foreign parents.
Selling real estate abroad can result in the loss of your residence permit. Find out which countries allow you to maintain your status and how to avoid the risks.
A new draft law in Romania proposes a Residency by Investment program, granting non-EU citizens a renewable 5-year residence permit. The program requires a €400,000 minimum investment in bonds, real estate, funds, or shares.
