Residence in Turkiye is prohibited in restricted areas

• هلدینگ ترکیه با ما
• فوریه 21, 2024
• BlogEN
• 0 دیدگاه

Turkiye, with its moderate climate, strategic geographic location, rich cultural history, and competitive prices, has become an appealing destination for migration and investment, particularly for Iranians. In recent years, Turkiye has actively opened its doors to foreign investors, offering various residency options to attract foreign capital. These efforts have contributed to the expansion of construction and development, especially in Istanbul.

However, the influx of foreigners, particularly in cities like Istanbul, Izmir, Ankara, and Antalya, has led to significant concentrations. On October 7, 2022, the Turkish Ministry of Interior implemented changes to residency laws, prohibiting address registration and residency applications in areas where 20% or more is occupied by foreigners.

In Turkiye, the declaration of restricted areas is determined by the Ministry of Interior, and the list is accessible on their official website. Individuals considering property purchase must ensure that the desired property is not located in a restricted area. Exceptions to this rule exist, and some individuals or specific conditions may be exempted. For precise information and to enhance knowledge before property acquisition, refer to the website of the Turkish Ministry of Interior.

Which individuals can reside or purchase property in restricted areas?

Individuals who purchased property in restricted areas before the enactment of the law and registered their residence can reside in these zones without any issues. However, if you bought the property before the law but haven’t applied for residency yet, you cannot request residency on that property.

_Students:

Students whose universities are located in restricted areas can purchase or rent property in these zones, register their address without complications. This option is available throughout their academic tenure. After completing their studies, they cannot renew residency in these areas and must explore other methods like tourist visas or owning property in different zones.

_Purchase for Citizenship:

Individuals aiming to obtain Turkish citizenship through property investment of $400,000 or more can freely purchase property in any region, disregarding restricted areas. This enables them to accumulate multiple properties for citizenship purposes without being limited to specific zones.

For more information on property purchase in Turkiye, feel free to contact the “With Us” Commerce Department. Our experienced team is ready to assist you in selecting and acquiring valuable properties tailored to your needs. For precise advice and details, please get in touch with us.

Conditions for obtaining Turkish citizenship by combining multiple properties

To obtain Turkish citizenship through property investment, you must purchase one or multiple properties with a total value of at least $400,000 USD. You can accumulate this amount by buying various properties, but the combined value must meet or exceed the specified threshold.

In addition to property acquisition, there are other legal requirements to adhere to for obtaining Turkish citizenship. Failure to comply with these requirements may lead to difficulties in the citizenship process or even disqualification.

To acquire Turkish citizenship through property investment, the following criteria must be met for each property:

1.Property Value: Each property must have a minimum value of $400,000 USD.

2.Financial Capability: The individual must demonstrate the financial capability to cover the costs associated with purchasing the properties.

3.Tax Regulations: Each property must be purchased in compliance with Turkish tax laws, and taxes must be paid accordingly.

4.Residence Permit: The individual must obtain a Turkish residence permit and keep their residency matters up to date.

5.Legal Procedures: All legal and administrative steps related to property acquisition must be meticulously followed and completed.

Adhering to these fundamental requirements is essential for successfully obtaining Turkish citizenship through property investment.

The following conditions must be considered for Turkish citizenship:

_The property must be purchased from a Turkish citizen, and the previous ownership history should not include any foreign individuals. Previous owners must be of Turkish origin and should not include those who obtained residency through Turkish residency or investment programs. In other words, previous owners must be of Turkish origin.

_The property must have an official title deed.

_Ownership documents must be in the name of the individual and represent 100% ownership, even if the deed is in the name of spouses. If a person already owns a property and wishes to qualify for citizenship by adding a new property, the title deed date of the previous property must be after 2017, and the deed must be 100% in the individual’s name and not be a joint deed.

_To apply for citizenship by accumulating multiple properties, the total value of the purchased properties must be at least $400,000 USD.

_Applicants must have property documents, original bank deposit receipts, and an expert appraisal report.

Note: The property appraisal report, foreign exchange conversion form, bank deposit receipts, and the value stated on the property deed must each separately amount to $400,000 USD.

If an individual intends to acquire citizenship by accumulating multiple properties, the value of each of these documents collectively must demonstrate a minimum amount of $400,000 USD.

For more information on obtaining Turkish citizenship through property purchase, contact the Commerce Department of the “With Us” group. Our team consists of specialized and professional consultants who will provide you with accurate and efficient guidance on the advantages, conditions, and necessary steps to obtain Turkish citizenship.