You can obtain Turkish citizenship by purchasing a property worth at least $400,000, according to a 2018 decision facilitating the process of obtaining Turkish citizenship through real estate investment . The decision requires the property not to be sold for three years, after which the owner can apply for citizenship.
If you are considering investing in Türkiye to obtain citizenship, be sure to consult a real estate expert to help you choose the right property and ensure that all legal requirements are met.
Yes, if you own a property in Türkiye worth $400,000 or more, you can apply for Turkish citizenship . This right extends to the property owner, their spouse, and their children under the age of 18. Real estate residency alone is not sufficient to obtain citizenship unless the property meets the investment requirements specified in the 2018 Turkish law.
Real estate residency is a short-term , renewable residency permit granted to foreigners who own a property in Türkiye. This permit allows the holder to live in Turkey for renewable periods and can extend to their spouse and children under the age of 18. Real estate residency is an excellent option for those wishing to settle or invest in Turkish real estate .
The costs of real estate residency in Türkiye are considered simple and affordable. The basic cost includes health insurance, the price of which varies depending on the beneficiary’s age group. In addition, there are some other fees, such as state taxes , which vary depending on nationality. It is important to ensure that all costs are calculated before applying for residency to ensure a smooth and convenient experience.
When purchasing a property in Türkiye, the buyer is required to pay a title deed fee (purchase tax) of 4% of the property’s value. This fee is paid upon registering the property with the Tapu (Title Deed) Office and is a prerequisite for completing the property purchase process in Türkiye.
Yes, foreigners who purchase real estate in Türkiye have absolute ownership, meaning they own the property with all its rights permanently. This ownership guarantees the rights to use, sell, and rent, making investing in Turkish real estate a safe and reliable option for investors of all nationalities.
A power of attorney is a legal document that grants one person (the agent) the authority to act on behalf of another person (the holder) under the supervision of a notary public. Through this document, the agent can make legal decisions, such as signing contracts and transactions related to the holder’s real estate . Power of attorney is an important tool in facilitating real estate transactions,
Yes, you can grant a power of attorney even if you are outside Turkey. Here are the steps to follow:
This way, you can easily grant power of attorney without having to be present in Türkiye, making it easier for you to manage your real estate or legal transactions from abroad.
Many legal transactions and services can be carried out through a power of attorney in Türkiye, such as:
Signing contracts: The agent can sign contracts related to real estate or any other legal agreements.
Property Management: Includes managing the property and directing the legal affairs related to the property.
Dealing with government agencies: The agent can submit applications and communicate with government agencies on behalf of the agency holder.
However, there are important exceptions:
If you want to serve or receive legal documents from the courts, your agent must be an attorney.
If you need to conduct any transaction at an Immigration Service office, your representative must also be a lawyer.
Make sure you understand these rules to ensure your transaction runs smoothly and efficiently.
The property transfer process in Türkiye typically takes between one and four business days. After submitting the application and receiving approval from the relevant authorities, the purchase and transfer of ownership can be completed on the same day, making it a quick and efficient process.
Ensure that all required documents are completed and signed correctly to ensure the process runs smoothly and without delay.
A tax number is a unique number required for official and legal transactions, such as opening a bank account or dealing with government institutions in Türkiye. Here’s how to easily obtain it:
Bring the necessary documents: Make sure to bring a copy of your passport, as well as your residential address in Türkiye.
Visit the Tax Department: Go to the nearest Tax Department in your area.
Request a tax number: Request your tax number from the relevant employee, and he will issue a card containing your tax number.
Obtaining a tax number is an essential step for anyone wishing to engage in legal activities or invest in Türkiye.
To obtain a bank account in Turkey, you must follow the following steps:
Obtaining a tax number: First, go to the government tax office and bring your passport to obtain a tax number.
Preparing the required documents: After obtaining your tax number, make sure to bring the following documents:
Visit the bank: After preparing the documents, go to the Turkish bank where you wish to open an account and submit the documents to the relevant employee.
By following these steps, you can easily open a bank account in Türkiye, making it easier for you to manage your money and conduct financial transactions.
Real estate prices in Bursa have seen a significant increase over the past two years, due to several key factors, including:
Increased demand for real estate investment: There is growing interest from foreign investors in investing in Bursa, which has led to increased demand for real estate.
Declining number of housing projects: The number of new housing projects has declined, contributing to a worsening supply shortage and rising prices.
Lower interest rates on home loans: Lower interest rates have made home loans more attractive to investors, which has helped boost demand.
Increased production costs: The previous period witnessed an increase in production costs, which affected real estate prices in general.
These factors combined have led to rising real estate prices in Bursa, making it an attractive destination for real estate investment.
ilufer is considered one of the most important areas for real estate investment in Bursa, for several main reasons:
Luxury residential projects: Nilufer features residential projects and buildings designed with modern and stunning designs, characterized by luxury and comfort, making them attractive to investors.
Building Safety: Nilufer projects are earthquake-resistant , ensuring the safety of residents and enhancing investment confidence.
Tourist attractions: The area is home to many tourist attractions that attract visitors and residents, increasing the value of its properties.
Economic and industrial development: Nilufer is witnessing significant economic and industrial development, which contributes to attracting investments and strengthening the real estate market.
Municipal Services: Nilufer Municipality provides advanced services that ensure the well-being of its citizens, such as education, health, and entertainment facilities, enhancing the attractiveness of the area.
All these factors have contributed to making Nilufer an attractive area for real estate investment, especially for Arab and foreign investors, strengthening its position in the Bursa real estate market.
If your phone doesn’t work with a Turkish SIM card , the reason may be related to the Turkish government’s mobile phone policies. Here are the details:
Mobile Phone Taxes: The Turkish government imposes a tax on mobile phones purchased outside Türkiye. This means that if you use a phone purchased abroad, it may be blocked.
Blocking Period: Your phone will be blocked within 120 days after you start using your Turkish SIM card if it is not activated properly.
Steps to activate the phone:
By following these steps, you can activate your phone and use it with a Turkish SIM card without any problems.
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