Purchasing real estate for the purpose of obtaining Turkish citizenship continues to be one of the most common requests. For example, the main factor encouraging Russian citizens to purchase passports is the restrictions introduced in connection with numerous sanctions against Russian citizens. A special motivation for obtaining a second citizenship is the restriction on the movement and storage of capital.
Benefits of a Turkish passport include:
• Possibility of obtaining long-term visas to the USA, allowing you to reside and officially conduct business,
• Free medical care and quality education,
• Migration visas for investors in the European Union, which are not available to citizens of many former Soviet republics.
When applying for citizenship, you do not need to prove the source of funds. Citizenship can be obtained not only by the buyer, but also by his spouse and minor children. The investment amount does not depend on the number of family members - the minimum property value is $400,000.
By investing to obtain citizenship, you receive not only a passport, but also the opportunity to earn money in foreign currency. Turkey exempts from paying VAT when purchasing real estate, allows you to sell the property after three years and return the invested funds, and with smart investments - make money on resale and rental.
