Everyone who is seriously interested in buying real estate in Turkey already knows about the state program for obtaining Turkish citizenship. The conditions for obtaining citizenship is a purchase in the amount of over 250,000 US dollars, necessarily from a Turkish citizen, and a number of other conditions in the registration procedure.
If your seller (s) are Turkish citizens, then almost any object will be counted in the purchase price for citizenship. The question will be what? What is the cadastral value of the purchase? it can be very different from the market.
The paperwork procedure also has a number of features, about which we advise our customers in detail.
Objects with a high price tag, these are, first of all, villas, show a high cadastral value, so the purchase of a private house may be sufficient to apply for obtaining Turkish citizenship. However, if you are not interested in private home ownership, then you will need to make a series of purchases in order to “collect” the required amount of investment.
The Republic of Turkey does not require renunciation of its main citizenship, the passport of your country will remain with you, the only exceptions are countries that themselves do not allow a second citizenship.
Before entering into a deal, it is necessary to conduct a thorough analysis of the cadastral value, which will be shown to the state.
