The risk of getting a Turkish passport with 200 thousand dollars

The risk of getting a Turkish passport with 200 thousand dollars

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Have you ever been offered to obtain a Turkish passport for $200,000? Obtaining Turkish citizenship and a Turkish passport is a topic that holds appeal for many individuals. By acquiring Turkish citizenship, individuals can access the country’s greatest benefits. However, one of the key considerations is the amount required to obtain Turkish citizenship and passport.

getting a Turkish passport

According to Turkish citizenship laws, the required amount to obtain Turkish citizenship has reached approximately $400,000. This amount is necessary for purchasing a house in Istanbul or several properties in Turkey. In other words, to obtain Turkish citizenship, you must first invest $400,000 in the country. Additionally, it is important to note that the invested amount must remain in the country under specific conditions.

In other words, if you decide to sell the property or make another investment in Turkey, you should be aware that this amount of investment must be maintained in the country for a certain period. In general, to obtain Turkish citizenship and a passport, a specific amount must be spent as an investment in the country. Ensuring this and being informed about the relevant laws are some of the most important steps in this process.

Is it true to get a Turkish passport with 200 thousand dollars?


We recommend watching this video before answering this question. In the video, Mr. Sadegh Moradi, the CEO of ForKey Group, clearly explains the consequences for those who receive Turkish citizenship with an amount less than 400,000 USD (the minimum amount set by the Turkish government). Please take the important investment advice for Turkey seriously to protect your capital and peace of mind.

First, it should be emphasized that anyone who claims they can grant you Turkish citizenship with less than 400,000 USD will certainly obligate you to purchase a property from them. This is where concerns start to arise! Because the property they offer you is actually worth around 200,000 USD, but with a bribe paid to the appraisal company (expertise), they will show the property’s value as 400,000 USD on the deed.

It is important to pay close attention to the fact that if the appraisal company that evaluated your property encounters any issues, your property may be re-evaluated, and it could be discovered that its actual value was not what was stated in the appraisal.

On the other hand, in order to prove to the Turkish government that your payment was a full $400,000, the seller must refund the initial amount you paid ($200,000) so that you can deposit it back into the seller’s account. This way, the payment document will show that you paid $400,000. Now, you own a property worth around $200,000, but don’t forget that you’ve technically purchased $400,000 worth. Additionally, you will be required to pay $400,000 for the foreign exchange certificate and double that amount for the deed transfer fees.

After completing these steps, you will owe the seller $200,000. To ensure this debt, the seller will require a contract, guarantee letter, power of attorney, and promissory note from you, so that if you fail to make the payments, they can sell your property. The crucial point here is that if any issues arise, you will not be able to file a complaint or take legal action through official channels.

Because initially, you made your investment in violation of Turkey’s laws and regulations. Therefore, before any transaction, make sure to gather complete and accurate information about the consultants and related companies, and ensure their legitimacy and compliance with the law. If possible, consult with a lawyer or legal expert specializing in relevant laws to ensure the correctness and legality of your transactions.

Obtaining a Turkish passport by buying a property in Istanbul

Turkish passport by buying a property in Istanbul

Obtaining Turkish citizenship through property investment is a fast and effective process for acquiring Turkish citizenship. The Turkish Citizenship by Investment Program allows individuals who purchase property of a specific value in Turkey to gain citizenship in the shortest time possible. With this method, by purchasing a property valued at $400,000 in Turkey, you can obtain a Turkish passport. This passport grants you the right to live in Turkey as a citizen and enjoy all the rights and benefits associated with Turkish citizenship.

In general, obtaining Turkish citizenship through property investment is an excellent opportunity to acquire Turkish citizenship, allowing you to quickly and easily become a citizen of the country.

Key tips to get a Turkish passport by buying a property in Istanbul

  • Property Purchase: You need to buy a property of a specified value in Turkey. This property can be an apartment, villa, or any other type of property. The value of the property must be evaluated and approved by a certified appraisal company in Turkey. To access the latest listings of homes in Istanbul for purchasing property, click here.
  • Property Price: According to the laws of Turkey, the value of the property must be at least 400,000 USD or its equivalent in Turkish Lira. (This amount may change based on government regulations and legal adjustments.)
  • Registration of ownership: You must register the ownership of the property in your name or your spouse’s name.
  • No criminal record: You must not have a criminal record in Türkiye or other countries.
  • Paying taxes: You have to pay the taxes related to the purchase of the property.
  • Payment: You must legally pay all the costs related to the purchase of the property.
  • Physical Presence: According to the new regulations of the Turkish Immigration Department in 2024, your physical presence in Turkey is required for certain steps in obtaining a Turkish passport, such as fingerprinting. By complying with these conditions and receiving the necessary approvals from the relevant authorities, you can easily obtain the passport of Turkey and enjoy all the rights and benefits associated with Turkish citizenship.

Benefits of getting a Turkish passport according to the rules

Benefits of Turkish citizenship by buying an apartment

Before taking any action, it is essential to remember that obtaining residency and a Turkish passport through real estate companies that are officially licensed and authorized ensures that you can make your investment with complete confidence. These companies, by working directly with Turkish legal lawyers and having access to up-to-date information, ensure the precise execution of tasks and processes without any concerns.

The immigration experts and lawyers at the (4kgroup) holding, relying on their legal and immigration knowledge as well as their valuable years of experience, are proud to offer the best advisory services to our dear compatriots.

Obtaining a Turkish passport for residents of the country is considered an important opportunity, and its benefits can vary. However, it should be noted that the advantages of obtaining a Turkish passport may change with changes in Turkey’s laws and regulations and depend on government revisions. Below are some of the main benefits of acquiring a Turkish passport:

  • Free Travel: A Turkish passport allows you to travel freely to many countries. A large number of countries do not require a visa for Turkish citizens or the visa can be easily obtained.
  • Residence in Other Countries: With a Turkish passport, you can more easily plan residence in many countries and benefit from various residency facilities.
  • Business Opportunities: Having a Turkish passport can be beneficial in accessing international business opportunities and facilitate collaboration with entrepreneurs and other companies.
  • Facilities for Travel to Turkey: As a Turkish citizen, you will benefit from certain conveniences when traveling to your own country.
  • Social Rights and Benefits: As a Turkish citizen, you will have access to specific social rights and benefits.

First and foremost, it is recommended to always check for up-to-date information regarding property purchase laws in Turkey and regulations related to obtaining Turkish citizenship, and contact the relevant authorities if necessary.

Turkish citizenship for foreigners began in 2017. On January 12, 2017, the law regarding changes to Turkish citizenship (Law on Foreigners and International Protection) was passed by the Turkish Parliament. These changes were part of the new Turkish Civil Code and allowed citizenship for specific groups of people, especially those considered investors and successful entrepreneurs. This initiative was part of Turkey’s policy to attract investment and promote economic development.

Frequently asked questions for obtaining a Turkish passport and obtaining citizenship!

1- Can a person who has all the conditions of citizenship get a Turkish passport as a guarantee?

No, citizenship is conditional upon approval from national security units and the national security check of the applicant. However, experience has shown that applications are rarely rejected, and in most cases, individuals do receive citizenship.

2- After becoming a permanent citizen of Türkiye, should I cancel my current citizenship?

In Turkey, as in most countries, dual citizenship is possible, meaning you can hold both Turkish citizenship and the citizenship of another country simultaneously. This typically depends on the legal decisions and regulations of each country.

3- Can people over 18 years of age apply for citizenship through their parents who are Turkish citizens?

If a parent who has a child over the age of 18 becomes a Turkish citizen, the citizenship of the parent is considered when the child applies for residency. However, the child’s citizenship is not directly granted. Individuals over 18 must separately purchase property in order to acquire Turkish citizenship.

4- Is it possible to buy the property in installments to get citizenship?

One of the main documents required for obtaining citizenship is the payment receipt for the full amount necessary to acquire Turkish citizenship. If the citizenship value is 400,000 USD and the property is worth 800,000 USD, you must pay the 400,000 USD in full, and the remaining amount can be paid in installments.

Therefore, if the property is purchased through installments, the cash portion must be at least 400,000 USD or more according to the new regulations, so it can be placed under government lien, and the excess amount can be calculated as installments.

How many days does it take to receive a Turkish passport?

The question of how long it takes to obtain a Turkish passport is a common one. The time required to get a Turkish passport depends greatly on the method and process for obtaining the citizenship. For example, the method of obtaining a passport through purchasing property is different from the process of establishing a company and making an investment.

In general, after submitting all the required documents for obtaining a Turkish passport, the process through a work permit in Turkey typically takes between 2 to 5 months. However, the process for obtaining a Turkish passport and citizenship through investment in real estate and purchasing property in Turkey usually takes less than 3 months. The process of obtaining Turkish citizenship through employment generally takes less than 4 months. On the other hand, acquiring citizenship and obtaining a passport through a bank deposit of $500,000 typically takes about 2 months.

How many days does it take to receive a Turkish passport?

Benefits of Turkish citizenship 2024

Obtaining Turkish citizenship and passport is highly valuable and attractive for many individuals as it offers numerous benefits and opportunities. Below, we will detail some of the advantages and values associated with acquiring a Turkish passport. Having a Turkish passport grants you access to the international job market. This passport can serve as a powerful tool for your professional and career development, helping to enhance your job and business opportunities on a global scale.

Obtaining a Turkish passport can provide numerous investment opportunities. With this passport, you can easily invest in the Turkish stock market and capital markets, benefiting from the investment opportunities available in the country. Additionally, property ownership in Turkey and access to its real estate market are other financial advantages of obtaining Turkish citizenship. The Turkish passport allows you to travel visa-free to over 110 countries around the world. This enables you to enjoy hassle-free international travel and easily visit various destinations across the globe.

Turkey has an advanced and high-quality healthcare system that provides access to medical services and advanced treatments. Holding a Turkish passport gives you access to these services and facilities, contributing to your overall health and well-being. Ultimately, the value of obtaining a Turkish passport depends on each individual’s needs, goals, and personal circumstances. However, given the numerous advantages it offers, many individuals may find this option suitable for themselves and consider it valuable.

final word

There are several legal ways to obtain Turkish citizenship, and one of the most popular methods is investment in real estate. For this, an individual must purchase a property worth at least 400,000 US dollars. After purchasing the property and registering it in their name, the individual can apply for Turkish citizenship. The process of obtaining citizenship usually takes between 3 to 6 months. One of the advantages of this method is that there is no need for permanent residence in Turkey, and it also allows for the citizenship to be granted to family members.

4kgroup Holding, with its experienced legal team, including a Turkish lawyer and an official immigration lawyer, is a trusted guide for you throughout the entire process of obtaining Turkish citizenship and passport. With years of expertise in this field, they can assist you from the beginning to the end, ensuring a smooth and reliable experience.

 

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