Everything about obtaining Turkish citizenship: analysis and expert advice
Advantages and risks of acquiring a Turkish passport through real estate
How to get a Turkish passport through real estate: the right plan of action
Changes in the conditions for obtaining a long-term residence permit when purchasing an apartment in Turkey
What is the purpose of a Turkish passport?
You may be considering changing your tax residency or simply want a second passport for financial purposes. In any case, a Turkish passport offers you numerous advantages, starting with the convenience of travel.
110 countries around the world offer visa-free entry for Turkish citizens or issue visas through a simple scheme upon arrival. In Europe, for example, Turkish citizens can obtain a C-2 visa valid for up to 5 years, allowing them to stay in Schengen countries for up to 90 days within any 6-month period.
On a financial level, although high taxes in Turkey may not seem attractive, there are tax incentives. The tax on dividends, for example, is only 10%, provided only half of the income is paid.
The most important aspect is the possibility of further migration. For example, many people acquire a Turkish passport with the aim of obtaining an E-2 visa in the USA and moving there for permanent residency. However, it is important to remember that changing citizenship is a complex process that requires careful planning and analysis. Therefore, before making a final decision, it is crucial to consider your goals and needs.
Hidden pitfalls
Is there a risk that your real estate purchase will not meet the requirements for obtaining a Turkish passport due to its cadastral value? Yes, it is possible. Many real estate agencies offer various services, but not all of them are reliable. It is important to understand the main reasons for potential issues and be prepared for them.
Result
Please note that acquiring a Turkish passport through real estate purchase requires careful study of all the rules and conditions. A key point is the detailed and individualized approach to solving this issue. It is important to remember that before making a final decision, one must analyze their needs and goals.
Avoid mistakes when making payments: how not to miss the opportunity to obtain a Turkish passport
Often, real estate companies in Turkey can mislead clients by claiming that you need to purchase one expensive villa or apartment for $600,000 to obtain a passport. However, in reality, it is not necessary to spend such huge sums to obtain Turkish citizenship through real estate investment. It is enough to invest $400,000 in a few properties to get a passport and passive income.
Insufficient information about the cadastral value
One of the main problems clients face is the lack of information about the cadastral value. Sometimes companies only disclose this information after the deal is closed, which can lead to disappointment and undermine clients' trust.
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A detailed action plan for obtaining a Turkish passport.
To avoid similar situations, we offer a detailed action plan for obtaining a Turkish passport through real estate investment. This process begins with you contacting us and expressing your desire to obtain a Turkish passport. We discuss your goals and objectives to understand how we can help you achieve your aims.
Preparation of necessary documents
Ensuring the purity of the transaction
Assistance with the application for temporary and permanent citizenship
The necessity of following a plan
Thus, if you want to obtain a Turkish passport through real estate investment, you are not required to spend a fortune on expensive villas and apartments. It is enough to invest $400,000 in several properties and follow our detailed action plan to successfully achieve your goal.
What are the changes to the conditions for obtaining a long-term residence permit when purchasing an apartment in Turkey?
If the investment amount is less than $400,000 and not less than $75,000, the applicant can obtain a long term residence permit. Important points to consider:
75,000$ is the amount that should correspond to the expert valuation, not the cadastral value.
To obtain a residence permit in Turkey, it is necessary to choose an area for which a quota for obtaining a residence permit is open. It is important to stay informed about these areas in a timely manner and to select suitable options according to your request by contacting our manager.
What documents are required to obtain a residence permit after purchasing an apartment?
It is important to note that tourist residence permits (6 months) and long-term residence permits (1 year) have significant differences in rights. Those who have held a long-term residence permit can apply for citizenship after 5 years. In contrast, holders of tourist residence permits do not have the right to apply for citizenship, even if they have extended it for more than 5 years. The list of required documents for tourist and long-term residence permits is identical. Here are some of them:
Completed form from the website of the Migration Service
Medical insurance(issued for 1 or 2 years, depending on the duration for which you plan to obtain a residence permit)
4 photos
Tapu and its copy
Tax Identification Number and its copy(issued by the IRS)
Foreign passport and a copy of the first page
Confirmation of financial capability
Receipt for payment of the state duty(paid at the tax office)
Existing ikamet and its copy(if applying for an extension)
No special documents are required. You can either handle the residence permit application yourself or contact us after signing the real estate purchase agreement. You will need to grant power of attorney to our specialist and wait for the completed residence permit, which will be delivered directly to your home, to your new apartment.
Life in Turkey
We, the Hatamatata company, sincerely wish for you to live where you want. By purchasing an apartment, you gain not just real estate, but also an atmosphere. In our case, it's the scent of jasmine in spring, warm seas in summer, fresh fruits and vegetables all year round, as well as unforgettable winter walks along the long beach under the Mediterranean sun.
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