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How to obtain citizenship by investment in Turkey?
To obtain Turkish citizenship via real estate investment, individuals must navigate a process defined by clear financial commitments and regulatory compliance. The initial requirement is the acquisition of property valued at a minimum of $400,000. This investment threshold, established by the Turkish government, aims to attract foreign capital and stimulate the local real estate market.
Once a suitable property is identified, the investor proceeds with the purchase. It is critical that the transaction complies with all legal standards to ensure eligibility for citizenship. The property must be appraised by the Turkish Ministry of Environment and Urbanization to verify its value meets the stipulated amount. This appraisal confirms the investment's validity and is a crucial step in the citizenship application process.
Additionally, the investor is required to retain ownership of the property for at least three years. This stipulation is designed to support sustained investment in the Turkish economy. During this period, the property must not be sold or otherwise disposed of, as doing so would jeopardize the investor's eligibility for citizenship.
The application process involves submitting all necessary documentation, including proof of property ownership and the appraisal report, to the relevant Turkish authorities. Once all criteria are met and documents are in order, the citizenship application is reviewed. Approval grants the investor full citizenship rights, including the right to live, work, and enjoy the benefits of a Turkish passport.
Current program for Turkey.
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