Turkish Residency via Franchise

Turkish Residency via Franchise

Is it possible to get Turkish residency by investing in franchises and chain stores?

Yes, it is possible to obtain Turkish residency by investing in franchises and chain stores. Turkiye offers a program called the “Turquoise Card” which allows foreign investors who make a significant investment in Turkiye to obtain a long-term residence permit.

To be eligible for the Turquoise Card program, the foreign investor must meet certain investment criteria, which includes investing a minimum of $500,000 USD in any of the following:

Purchasing real estate

Creating a business that creates employment

Investing in a bank deposit

Investing in government bonds or securities

Investing in a venture capital fund

Investing in a franchise or chain store

Therefore, investing in franchises and chain stores can be a viable option for obtaining Turkish residency under the Turquoise Card program, as long as the investment meets the minimum investment requirement and creates employment opportunities. However, it’s important to consult with an immigration lawyer or expert to ensure that all requirements are met and to navigate the application process

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Buying a house in Turkiye

What are the important items to buy a house in Turkiye, to obtain citizenship?

To obtain Turkish citizenship through the purchase of a property, there are some important items that you should keep in mind when buying a house in Turkiye. These include:

Property value:

The minimum property value for foreign investors to apply for Turkish citizenship is $400,000. Therefore, it is essential to ensure that the property you purchase meets this requirement.

Title deed:

The title deed (Tapu) is the official document that proves property ownership in Turkiye. Before purchasing a property, it is essential to check the title deed to ensure that the property is free from any legal disputes or liens.

Real estate agent:

It is advisable to work with a reputable real estate agent who can help you find suitable properties, provide guidance on the buying process, and assist with the citizenship application process.

Residency permit:

To apply for Turkish citizenship, you must first obtain a residency permit. The application process for a residency permit can take several weeks, so it is essential to apply as early as possible.

Bank account:

You will need to open a bank account in Turkiye to make the property purchase and transfer the funds from your home country.

Tax ID number:

You will also need to obtain a tax identification number (TIN) from the Turkish tax office to complete the property purchase process.

Overall, it is important to conduct thorough research and seek professional advice before buying a property in Turkiye to ensure that the process is smooth and successful

Turkish Residency via Franchise

Turkish citizenship for property

What are the conditions of Turkish citizenship with the purchase of commercial property?

Turkiye offers several citizenship options to foreign investors, and one of them is acquiring citizenship through the purchase of commercial property. To be eligible for Turkish citizenship through this option, the following conditions must be met:

Property value: The commercial property must be worth a minimum of 250,000 USD or its equivalent in Turkish Lira or any other foreign currency.

Property ownership:

The property must be registered under the investor’s name, and the investor must provide proof of ownership with the land registry records.

Investment period:

The investor must hold the property for a minimum of three years.

Funds transfer:

The payment for the property must be made via a bank transfer from the investor’s bank account to the seller’s account in Turkiye.

Residence permit:

The investor must hold a valid residency permit at the time of the property purchase.

No criminal record:

The investor must not have a criminal record in their home country or in Turkiye.

Health insurance:

The investor must have a valid health insurance policy.

Once these conditions are met, the investor can apply for Turkish citizenship. The application process typically takes a few months, and the investor and their family members will be granted Turkish citizenship upon approval.

What are the necessary documents to buy a commercial property in Turkiye?

To buy a commercial property in Turkiye, the following documents are typically required:

Passport: A valid passport is necessary to identify the buyer.

Tax Identification Number: The buyer needs to obtain a tax identification number from the Turkish Tax Office.

Title Deed: The seller must provide the title deed of the property. The title deed should be checked to ensure that the seller is the legal owner of the property and that there are no encumbrances or debts on the property.

Sales Contract:

A sales contract is needed to document the terms and conditions of the sale. This document must be prepared in Turkish and signed by both parties.

Bank Receipt:

A bank receipt is required to prove that the payment for the property has been made via a bank transfer.

Valuation Report:

A valuation report is necessary to determine the current market value of the property.

Residence Permit:

A valid residence permit is required to complete the purchase process.

Power of Attorney (if applicable):

If the buyer cannot be present in Turkiye to complete the transaction, they can appoint a legal representative via a power of attorney document.

It’s important to note that the required documents may vary depending on the specific circumstances of the property and the buyer. It’s recommended to consult with a professional real estate agent or lawyer to ensure that all necessary documents are in order before completing the purchase

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