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Advantages of Turkish citizenship: everything you need to know

Advantages of Turkish citizenship: everything you need to know

Advantages of Turkish citizenship: everything you need to know

Obtaining Turkish citizenship opens up many unique opportunities for those who acquire it. The Turkish passport provides access to numerous benefits, including simplified visa processing for countries in the European Union and the United States.Turkey is a candidate for EU membership.and it's one of the key This is one of the key factors that make it easier to obtain a 5-year Schengen visa. It's also becoming easier for Turkish citizens to get a visa to the United States.

One of the important advantages is access to "citizenship by investment" programs offered by many countries. Turkish citizenship can be the first step towards participating in such programs and obtaining a second passport. This allows for broader opportunities for investment, travel, and living abroad.

Free movement and visa-free regime

Turkish citizenship allows for visa-free travel to 111 countries. This list includes popular destinations such as Japan and Singapore. This means that holders of a Turkish passport can save time and effort that is usually spent on obtaining visas.

Banking and car ownership

Turkish citizenship allows you to open accounts in foreign banks, which can be beneficial for those engaged in international business or simply interested in diversifying their financial assets. Additionally, citizenship grants the right to own a vehicle. This can be either a new purchase or the use of a previously acquired vehicle.

Medical care and pension

Citizens of Turkey have access to free medical care and can obtain medications at significant discounts.The healthcare system of the countryis known for its high quality and affordability. As for the pension, in order to get a well-deserved retirement, one must have worked in Turkey for 25 years of service in Turkey. Foreigners can also participate in private pension funds and receive state supplements to their deposits. to their deposits.

Employment and work in Turkey

To work in Turkey, it is necessary to have citizenship of the country. This grants the right to official employment without additional permits. Thus, a Turkish passport opens up opportunities for those who want to live and work in this country legally.

  • Turkish citizenship offers unique opportunities for its citizens.
  • A Turkish passport simplifies obtaining visas for the EU and the USA, and also provides access to "citizenship by investment" programs.
  • Holders of Turkish citizenship can freely visit 111 countries, including Japan and Singapore, without the need for a visa. without the need for a visa.
  • Turkish citizenship opens access to foreign banking services and simplifies the process of car ownership.
  • High-quality medical care and access to pension programs with government supplements are also advantages.
  • To work in Turkey, it is necessary to have citizenship, which simplifies official employment.
Advantages of Turkish citizenship: everything you need to know

Acquiring real estate in Turkey for obtaining citizenship

Purchasing real estate in Turkey to obtain citizenship is an attractive opportunity for many investors around the world. opportunity for many investors around the world. However, it should be understood that the price of the property in the cadastral database may differ significantly from the market value.

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In different regions of Turkey, the situation may vary: in Istanbul, for example, the market value is often close to the price in the cadastral database, and in the coastal regions, such as Antalya. coastal regions such as Antalya or Alanya, real estate can be much cheaper in the cadastre. cadastre.

Recommendations for choosing real estate

  • Invest more than $600,000 to have the option to choose from more expensive properties.
  • To purchase several properties with a total value ranging from $250,000 to $400,000.

Considering the current limit of $250,000 for purchasing real estate to obtain citizenship, experts recommend investing more—around $600,000—to have a wider selection of more expensive properties. Some clients prefer to buy several properties with a total value ranging from $250,000 to $400,000 to meet the program's requirements.

Important points when buying real estate

  • Check the cadastral and market value of the object.
  • Study the market carefully and take into account all the nuances of the program.

There is also an option to purchase real estate from Turkish owners who have owned the property for more than 5 years. They can indicate the "desired" cadastral value, which will help save money on the purchase. However, it is important to remember that all previous owners must not be compatriots of the buyer.

Individual approach to real estate purchasing

Acquiring real estate in Turkey for the purpose of obtaining citizenship is a significant step that requires careful market research, taking into account all the features and nuances of the program. Each case is unique and requires an individual approach to make the right choice and successfully achieve the desired outcome.

Investing in real estate abroad

Investing in foreignreal estate is not only an opportunity to secure comfortable living but also a chance to create a source of steady income. This is especially relevant in countries with programs that offer citizenship or residency permits in exchange for real estate investments.

Acquisition of commercial real estate

Acquiring commercial real estate is one of the attractive options. For example, in the city of Antalya, there is an opportunity to buy 2 pavilions in a shopping center for $400,000. The cadastral value of these properties will reach $250,000 by mid-June 2022. The guaranteed return is up to 8% per annum in euros or dollars.

A wide selection in Istanbul

Istanbul also has many options for commercial real estate: offices, stores, hotels with a yield of 5-7% per year in dollars or lira.

Obtaining citizenship through investment

For those looking to obtain citizenship through real estate investments in Turkey, it is important to finalize the deal by June 12, 2022. The investor must have a registered TAPU or a notarized investment agreement, as well as transfer the funds to the seller's account in a Turkish bank in lira.

Realtor tips in Turkey

Realtors recommend contacting developers to get professional assistance with document processing and interaction with government authorities. When choosing a property, it is advisable to prefer real estate that is highly ready for use and has rental potential.

Limitations and opportunities

It is important to remember that the property acquired for obtaining citizenship cannot be sold for 5 years, but it can be rented out, making the investment even more attractive for those seeking a stable source of passive income.

Obtaining Turkish citizenship through investment is a unique opportunity that opens the door to numerous privileges and benefits. Opening bank accounts, legal employment, healthcare, pension benefits – all of this becomes accessible with a Turkish passport. Moreover, the convenient visa process for the European Union and the USA makes traveling even easier and more convenient. Investing in Turkish real estate not only allows you to become a citizen of this beautiful country but also opens up wide opportunities for earning income from rental or sale of properties. Don't miss the chance to become a citizen of Turkey and enjoy all the advantages of this beautiful and hospitable nation.

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