Kosuyolu Excellence Property

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Turkish Citizenship by Investment

Everything You Need to Know About Turkish Citizenship Through Property Investment

 

Gaining Turkish citizenship as an investment immigrant is easier than you might expect. You can get a Turkish passport and enjoy the benefits that come with it through a property investment of $250,000. Turkey offers one of the most affordable passport schemes, allowing you to get all the benefits of Turkish citizenship by investing in a property. An estimated 13,325 applicants were approved through the citizenship by investment program. We’re telling you everything that you need to know about the citizenship program, from the benefits you can enjoy to the practicalities of securing your second passport.

 

Benefits of Turkish Citizenship

Most people look at this citizenship program as a way of getting a second passport, but the benefits of Turkish citizenship are far-reaching. Even during the global pandemic, people are investing in Turkish properties to gain second passports. Turkey’s investor citizenship program is the most popular in the world. It out-performs everywhere from the United States to Australia and Thailand. 

 

Turkey has one of the best national healthcare systems in the world and is ranked 3rd for medical tourism destinations. If you’re planning on moving to Turkey long-term or in the future, the government provides pension programs for citizens. Turkey is the perfect location between East and West to establish any business, with international links and government schemes to encourage investment and SME businesses.

Last rays of sun illuminating historic buildings in Mardin, Turkey.

One reason people opt for Turkish nationality by investment is that it gives access to 170+ universities and international schools. These institutions have a proven track record of sending pupils to some of the top Ivy League colleges in the world. The country offers both free education for children under 18 and university reimbursement plans for citizens. Along with primary school education being free, students don’t need to pay for books or other equipment until they’re at university.

 

By buying a passport for Turkey, you’ll have the ability to apply for residency in both the UK and the US without being subjected to quote limitations. Your Turkish passport will open doors for you around the world, including visa-free travel to 114 countries. With its strategic location and convenient travel options to Africa, Asia, and Europe, you’ll have the world on your doorstep.

 

Once you have your Turkish citizenship, you can hand it down through the generations to your children and grandchildren. Children under the age of 18 can get a Turkish passport through your application. If your child is over the age of 18 and has a disability, they’ll also qualify under your application.

 

How to Get Turkish Citizenship

If you’ve decided to get a second passport by gaining Turkey citizenship by investment, you might be wondering how the process works. We’ve broken it down step-by-step to show you how easy it is to take advantage of Turkey’s citizenship program and how it’s the cheapest passport to buy. 

1. You need to start by searching for a property in Turkey with a value of over $250,000. You’ll need an estate agent to help you with this, especially if you’re not able to visit Turkey yourself. Elmaslar Real Estate Advisors can help with this property selection, advice, and acquisition. We provide virtual or in-person yours to properties and offer the best prices due to our close relationship with our preferred developer partner.
2. Once you’ve chosen your property to buy to get your turkey citizenship by property investment, you need to put down a 10% deposit. You can choose to pay a larger deposit, but the minimum is 10% of the property’s value.
3. After paying your deposit, you’ll need to pay off the remainder of your purchase price soon after.
4. Your title deed will be available 2-4 weeks after you’ve made your final payment on your new property. It’s worth noting that you’ll need to acquire mandatory earthquake insurance for your property at this stage. We will help you complete these requirements remotely.

 

Once you’ve secured and paid for your property, you can move on to the next stage of getting your Turkish passport by investment.

1. You’ll need to apply for a residence permit, which requires several pieces of personal documentation. You’ll need to submit an eligibility certificate and both the original and certified copies of your passport. Your application will also require biometric photos of yourself and proof of valid health insurance. 
2. After your application is received, your residency permit should be issued within 7 business days.

 

When your Turkish residence permit is secure, the next step towards your Turkish passport is to apply for Turkish citizenship. The main challenge with this step is the amount of documentation you’ll have to produce. You’ll need to provide your current residency permit and personal documentation, depending on your circumstances.

 

If you’re divorced or separated with children, you’ll need permission from your former spouse to grant any children Turkish citizenship. You will have to support documentation proving your marital status, along with your birth certificate and any relevant family statement documents.

 

This approval stage is the longest step in the process to get dual citizenship. It typically takes between 3 to 4 months after your application submission for you to get approval. During this time, there will be a national security study carried out on your application. There will not be any background checks, including your personal funds, conducted during this time.

 

After you’ve received notification that you’ve succeeded in your citizenship application, you’ll be able to apply for your Turkish passport. To complete the process, you’ll need to travel to Turkey to complete a fingerprint scan. It’s worth checking with the Turkish consulate in your home country, as they may be able to help you with this process.

 

When you get a Turkish passport by investment, there’s no requirement for you to reside or even visit Turkey after securing your citizenship.

 

Turkish Property Selection for Citizenship

 

It is recommended to purchase a new property from a developer for citizenship application. This ensures that sales price matches the price on the title. In the secondhand market, there could be discrepancies which would cause issues. The good news is there are many great options from property developers that provide modern, smart properties at a good price that you can get value appreciation on your investment. There is also a independent valuation requirement which ensures that your purchase price is in line with the market prices.  

Tall modern commercial estate, glass buildings against blue sky.

When you’re searching for a property to allow you to migrate to Turkey, there are a few popular areas you can look at. Although you can buy property in Turkey and get citizenship, it’s a smart investment. The average house price in Turkey goes up by an estimated 11% every year. Turkey also has one of the lowest property tax rates, at just 0.1%. Istanbul is the most popular location for property sales, with an almost 20% share of house sales. If you don’t intend to permanently reside in Turkey, you can put your property on the rental market as a passive stream of income.

 

There are six locations in Turkey that you should consider when choosing where to purchase your investment property.

 

 

• Kosuyolu, Istanbul

Kosuyolu is a district in Istanbul, located on the Anatolian side of the city. Byzantine, Roman, and Greek influences inspired the local architecture. This cosmopolitan area sits on the Asian side of Istanbul and is conveniently located near Bosporus. Kosuyolu, located within the Kadikoy region, is a blend of commercial and residential properties. The area has several prestigious high schools, including Kadikoy Anadolu Lisesi and Saint-Joseph French High School.

 

• Kagithane, Istanbul

Kagithane is a region of Istanbul that was once predominately working-class before evolving into a popular real estate investment area. It sits on the European side of Istanbul and is developing into a contemporary city. Kagithane is a great location if you’re looking to purchase a property that you can sell in the future or put on the rental market.

 

• Maltepe, Istanbul

Maltepe is on the Asian side of Istanbul, right next to Kadikoy. This region is a popular choice for young newlyweds or families with young children. Maltepe is famous for its coastline and stunning view of the Princes’ Islands. 

 

• Camlica, Istanbul 

One of the most famous locations in Istanbul is Camlica, home to the Grand Camlica Mosque. Valued at over $110 million, the mosque has an art gallery and library that you can take advantage of as a resident. From Camlica Hill, you can enjoy the beautiful panoramic views of Istanbul. As a popular tourist area, Camlica has everything you’ll need right on your doorstep, from cafes to restaurants and public gardens. Camlica Hill is one of the highest areas in Istanbul, sitting more than 260 meters above the sea. It’s the perfect location for anyone looking to use their Turkish property during the summer months.

 

 

• Sultanbeyli, Istanbul

Sultanbeyli is on the outskirts of Istanbul, sitting on the Asian side of the region. It’s one of the cheaper areas in the city to purchase property, making it a suitable choice if you don’t intend to live in Turkey after getting your second passport.

 

• Antalya

If you want to purchase a property outside of Istanbul, Antalya is a great area to consider. It’s a popular tourist destination and the fifth-most populous city in the country. The city is on the Mediterranean coast and has a population of over one million people. Antalya is a popular location for any investor immigrant.

 

Elmaslar Real Estate has property options in all of these locations.

 

Frequently Asked Questions

 

Whether you’re already looking for a house for sale in Turkey to get your 2nd passport or if you’re considering your options, you’ve no doubt got a myriad of questions. We’ve pulled together the most common questions about how to get a Turkish passport through investment to provide you with all the information you need.

 

• How can I get a second passport by investing in Turkey?

While there are six different avenues for gaining Turkish citizenship, the most practical option is to purchase a property valued at over $250,000. This citizenship program is more streamlined, and you can have your second passport within a few months.

• 

  Infographic clip art with map of Turkey, Turkish flag and real estate image.

  Where can I travel with a Turkish passport?

One reason why people are attracted to buying Turkish nationality is that it opens the door to visa-free travel across the world. 115 countries offer visa-free travel for Turkish citizens, making it an ideal choice for anyone who regularly travels internationally for business. 

 

• Are any countries excluded from Turkey’s citizenship program?

No countries are excluded from the Turkey investment program. All you need to do is purchase a property valued at $250,000 or above. You can also reach the $250,000 threshold by purchasing multiple properties with that combined value.

 

• Can my children also get Turkish citizenship by investment?

Your spouse and any children under the age of 18 can also get a Turkish passport when through this ‘residency by investment’ program. Any dependent over the age of 18 will only gain Turkish citizenship through your application if they are disabled, requiring continued care from their parents.

 

• How much does it cost to get Turkish citizenship?

An amendment to the Turkish Citizenship Law in 2018 reduced the financial burden of the citizenship program. The easiest way of gaining a second passport is by purchasing a property worth at least $250,000 in Turkey. There are also lawyer fees of ~$5,000 for property acquisition and citizenship application and closing costs of 2-4% of property purchase price.

 

• Can I make instalment payments for the purchase price for citizenship?

You will be eligible for citizenship application after $250,000 payment is passed from the investor to developer. For example, if you pay $100,000 and want to pay the rest in instalments over a year, you must wait until after you complete the payments to apply. For this reason, it is recommended to pay the full amount to become a citizen quickly.

 

• Do I have to visit Turkey to get Turkish nationality?

The Turkish citizenship program is continuously evolving, making it easier for foreign nationals to go through the Turkish immigration system without needing to be in the country. Your local Turkish embassy may be able to help you do the fingerprint portion of your application, meaning you won’t have to visit Turkey itself.

 

• Do I have to give up my existing citizenship to get a Turkish passport?

Your ability to get dual citizenship will depend on the laws within your country. Turkey allows for dual citizenship, but not every country is the same. It’s worth double-checking if your country allows you to carry a second passport before starting the process to get your Turkish residency by investment. Several countries that impose restrictions on dual citizenships include China, India, and Saudi Arabia. We recommend always doing your research before you start looking at investment properties in Turkey.

 

• Will I have to do compulsory military service when I get my Turkish passport?

Unlike some other countries, Turkey has a compulsory military service scheme. If you have a child under the age of 18 who also gains Turkish citizenship, they’ll be required to do their compulsory military service when the time comes. If you’ve previously carried out compulsory military service in another country, you’ll need to document this on your residency applications. 

 

Do you need more information about how to invest in Turkey to gain a second passport? Our website is dedicated to giving you all the information you need about the Turkey investment citizenship program. If you’re ready to start looking for your investment property, contact us today to get started.

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3 Types of Citizenship Investments

Any person who is interested in becoming a Turkish resident will be able to take a look at the Turkey citizenship by investment program. This is a straightforward and convenient path available for anyone to move into Turkey and experience all the benefits that come along with a Turkish passport.

The Turkey citizenship by investment program was launched back in the year 2017. At that time, there was a rule, where a person had to invest $1 million to obtain citizenship in the country. However, there weren’t too many takers for this. As a result, the government of Turkey decided to reduce that up to $250,000 back in the year 2019. As a result, it has become easy for any person to apply and become a citizen in Turkey with minimum struggles.

Rules of Turkey citizenship by investment program

The rules of Turkey citizenship by investment program are simple and straightforward. You just need to provide proof, stating that you will be able to invest in one of the investment opportunities available in the country. Based on that, you can submit your application and become a citizen. The process is simple and straightforward as such. Hence, any interested person can think about going forward with it.

Different investment opportunities available

There are three different investment opportunities available for you to pick and go ahead with obtaining your Turkish passport. They are as follows:

• Purchasing a property in Turkey

If you can purchase a property in Turkey that matches with criteria, you will be able to become a Turkish citizen. You just need to make sure that you are investing $250,000 to purchase your property in Turkey. There are no any other restriction. You can purchase a land, apartment, or a house. You just need to take a look at the different property options and settle down with something that makes financial sense to you.

• Creating jobs in Turkey

If you have the potential to start a company in Turkey, you will be able to get your citizenship. You need to make sure that you open a company and create job opportunities to at least 50 people in the country. Then you will be provided with the Turkish passport.

• Making a capital investment

If you don’t want to go ahead with real estate investments, you can do a capital investment and get your citizenship. In here, you will need to make sure that you do an investment of at least $500,000 to get your passport.

What is the best option out of these?

As you can see, there are three different investment paths available for you to follow and get your Turkish passport. It is up to you to take a look at these different paths and pick the best one out of them as per your requirements. In the meantime, you should also take a look at the capabilities you have and the preferences you have.

It is better if you can seek the assistance of an expert consultant and figure out the best path. Even though most of the people purchase properties in Turkey for obtaining their Turkish passport, that might not be the best option available for you to consider. Hence, you will need to go for a one on one session with a consultant and figure out the best path available for you to follow. Once you select that path, you just need to stick to it and you will be provided with all the support by the consultant to get your Turkish passport.

 

 

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Best Schools in Turkey

Turkey is a country where you can find an excellent education system. Students are exposed to numerous amazing opportunities here in Turkey as well. Hence, any student will be able to expose himself to world class education and experience all the perks that come along with it. Let’s take a look at some of the best schools in Turkey and learn more about the fact.

• Robert College

Robert College is the best high school in Turkey. This is also known as the American Robert College of Istanbul. This educational institute is independent and highly selective. This is one of the largest academic institutes that you can find in the country as well. For every academic year, Robert College is accepting only around 180 to 220 students. A nation wide examination is held in order to determine the students who get the opportunity to come into the high school. Hence, it is one of the most competitive high schools, sending students to Ivy Schools in the US.

• Koç School

Koç School is a private co-educational institute that you can find in Turkey. This high school was founded by the wealthiest businessman in Turkey. As of now, the school is under the Vebhi Koç Foundation. The Koç High School was founded back in the year 1988. An elementary school was also initiated after ten years.

The Koç High School is a bilingual school. Education is offered to the students in English as well as in Turkish. Moreover, numerous other languages such as Spanish, German, and French are being taught to the students at this high school as well. In every single year, a large number of students from Koç High School become eligible to go ahead with foreign university scholarships. Such a high quality education is offered for the students at all times here in this school.

•  Boğaziçi University

Boğaziçi University is one of the leading research universities that you can find in Turkey. It is linked with the Robert College. There are four faculties as well as two schools under this university. They offer six graduate degrees and many undergraduate degrees. This is one of the oldest universities in the country. In fact, the university was founded back in the year 1863. This is the very first American educational institution that you can find in the country as well. Only the top 1% of students get the opportunity to study at Boğaziçi University because they are selected from a highly competitive exam.

• Safir International School

Safir International School is one of the most prominent international schools in Turkey. Most of the foreign students in the country are studying at this international school. One of the main features that you can find in this university is that students are provided with the chance to take part in numerous extra-curricular activities along with their studies. As a result, well-rounded students are coming out from the university.

All these academic institutions in Turkey are known for delivering quality educational experiences to the students. The best students from the universities of Turkey usually get their scholarships to the top Ivy Schools. This clearly defines the quality of education that is offered to the students by the academic institutions that are based in the country. Hence, any person who is willing to provide top-notch education to a child can think about sending the kids to any of these. These are only some of the most prominent educational institutions in the country and you can find many other institutions, which maintain similar standards.

 

 

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Health Tourism in Turkey

Most of the people around the world prefer to visit Turkey for accessing healthcare services available in the country. In fact, Turkey is one of the most popular destinations that you can fin around the world for medical tourism. Hence, it is important to deep dive and analyze the reasons behind the above-mentioned fact. Then you can even decide whether you are traveling to Turkey for your treatments or not.

Here are the most prominent reasons that tempt people to travel all the way to Turkey for their treatments.

• Lots of hospitals in Turkey have JCI accreditation

JCI accreditation is one of the most recognized certificates that a hospital can get. When this accreditation is in place, it means that the hospital is using safe and effective treatment methods to ensure the betterment of the patient. It also ensures that the patients are provided with comfortable treatment options. You can find more than 50 different hospitals in Turkey that have the JCI accreditation. It is a clear indication about the standards that Turkish hospitals are maintaining. People who are interested in experiencing those standards make their decision to visit the Turkish hospitals without keeping any doubts in mind.

• Healthcare expenses are low in Turkey

Another great thing about the healthcare industry in Turkey is that the prices are relatively low. When you compare the medical expenses in Turkey with that of a Western European country, you will figure out that here around three times low. The same is applicable when compared to the healthcare expenses of the United states and numerous other Asian countries. When people can get a quality healthcare service at a lower price, they tend to pick Turkey without keeping any doubts in mind.

• There are numerous medical facilities

You can see how billions of dollars were invested in the Turkish healthcare sector within the past few years. As a result, you will be able to discover sophisticated medical facilities in Turkey as of now. For example, you can discover large scale private clinics in Turkey, which are mainly catering to the needs of foreign patients who get admitted to them. These private clinics are using state of the art technology to deliver the best treatments to the patients at all times.

• Turkey has developed infrastructure

Turkey has been a popular destination for tourism for quite some time. Due to the same reason, you can discover developed infrastructure facilities available in the country. For example, you can find comfortable hotels in Turkey. You will be able to stay in these hotels until you get your treatments. On the other hand, there are excellent roads in Turkey, which will provide smooth and safe transportation facilities to you. You will not come across any struggles while you are spending your time in Turkey.

• Turkish people are hospitable

You will fall in love with the hospitality shown by people in Turkey. Hence, you will never feel like you have come to a different country of the world to get your treatments. This will contribute a lot towards the success of your treatments. The locals will be able to provide their support whenever they can. This will help you to have a proper environment around you to restore your strength after the treatments.

These are the main reasons that have contributed towards the popularity of medical tourism in Turkey. People come to Turkey for numerous treatments. It is up to you to take a look at the healthcare facilities available in the country and go for the best out of them to ensure your wellbeing.

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Retirement in Turkey

If you are looking for a destination to enjoy your retirement, you must take a look at Turkey. As of now, it is one of the most attractive destinations available for retirement. You can purchase a cheap house in Turkey. Weather in Turkey is really good. On top of that, you can find an extensive expat community in Turkey. Due to all these reasons, you will never be disappointed with the decision you take to enjoy your retirement in Turkey.

How to obtain your Turkish citizenship?

You will need to obtain your Turkish citizenship at the time of coming to the country. The most convenient method available for you to obtain Turkish citizenship as a retiree is to go for an investment. There are numerous investment opportunities available in the country and if you can invest in one of those opportunities, you will be awarded with Turkish citizenship. Along with that, you will be able to spend your retirement in Turkey without having to worry about anything.

You can seek the assistance of Elmaslar to get your citizenship in Turkey through an investment. In fact, you will be taken through a well-defined process and you just need to stick to it and get your citizenship. There’s no other convenient approach available for you to follow and get your Turkish citizenship with ease.

Why should you retire in Turkey?

Numerous reasons are available for the retirees to travel all the way to Turkey and spend the rest of their time. Let’s take a look at some of the most prominent reasons out of them.

• Turkey has an excellent healthcare system

You can find an excellent healthcare system. The private hospitals offer their services to the people at cheap prices. On the other hand, you will also get the opportunity to find English speaking doctors at these hospitals. Hence, you will not come across any challenges when you schedule your appointments and obtain the healthcare services that are available. There is a high number of private hospitals available in Turkey and they are competing against each other. Due to this competition, you can expect to get yourself exposed to better healthcare services.

• You can explore the unique culture

There is a unique culture here in Turkey. This culture is backed up by the diverse heritage that you can find in the country. It is associated with elements of Georgian, Armenian, Greek and Arabic cultures. This is an expat friendly culture. Hence, you will not come across any major struggles when you are trying to get used to it.

People in Turkey are very hospitable. You will often be invited by the neighbors to come to their houses and enjoy dinner along with them. On the other hand, you will also get the opportunity to enjoy unique Turkish foods. You will fall in love with Turkish coffee.

• There are numerous entertainment options

You can also find numerous options available in Turkey to enjoy and entertain yourself. If you are interested in enjoying your life, you should move to the coastal areas. That’s where you will notice how people enjoy their lives like never before. There are lots of activities and events available in the coastal areas of Turkey for you to take part and enjoy as well. Hence, you will never be disappointed with the decision taken to come to Turkey and enjoy your retirement.

Keep these facts in mind and start planning your retirement in Turkey. It will be the best decision that you can take for your retirement.

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Turkish Real Estate Advisors

Turkish Property Market

The Turkish real estate market is booming with the popularity of real estate in the country. The real estate market in Turkey has increased by an alarming 50% in the last five years. The market growth has been achieved by making more changes in the laws.

The rise in the real estate market in Turkey was very high during the time of the property bubble and burst in 2020. The bubble was caused by an increase in the number of investors, while real estate prices remained at inflated rates for quite some time. The real estate bubble was caused by a lack of demand that resulted in the supply of properties being high as well. This in turn resulted in prices soaring up due to overinflated prices.

The real estate market in Turkey is highly volatile, as it has undergone a lot of changes in the last few years. One of the major factors that have contributed to the development in the market has been the real estate reform in 2020. The reforms allowed foreign money to invest in the country's real estate and created an environment that allowed foreign investment in the real estate sector. This gave birth to the real estate boom in Turkey.

The Turkish Real Estate Bubble burst in 2020 due to the increase in the number of foreign investors who were attracted towards buying properties. The number of foreigners who were attracted towards purchasing properties in Turkey was so huge that a lot of properties in the country were offered at the sky-rocketing prices and this was a major setback to the economy. This was a major hit to the economy because not only did the foreign investors to buy a property but they also used the properties as their main source of income. The property bubble created a major financial crisis for the country. At this point, there was no other way for the country to handle the situation other than for the government to introduce a new law that would help in stabilizing the economy.

The new law on real estate reforms had helped in stabilizing the economy and the real estate market. The reforms gave more flexibility to investors while buying and selling properties. This meant that there was more chance for the buyers to get a good deal when buying properties. The reform made it easier for foreign investors to buy properties in Turkey without having to face any problem in the real estate sector.

The rise in the Turkish real estate market has been able to provide employment opportunities for thousands of people and has also created a stable economy for the country. Besides, the rise in the real estate market has encouraged more tourists to visit the country and to stay in Turkey. With so many benefits being associated with the rise in the property market of Turkey, it is clear that the real estate market in Turkey is one of the best markets in the world.

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