To take part in the official program “Turkish Citizenship by Investment,” it is enough to purchase real estate worth at least $250,000. But not so long ago the Turkish authorities decided to raise this amount to $400,000. The regulations were published in the official gazette this May. The amendments will become effective on June 13, 2022. Applications submitted prior to that date will not be subject to the price increase.
The regulations also allow for foreign nationals to invest in the Turkish private pension system, on the condition that they remain in the system for three years. The minimum investment amount for this pathway is set at $500,000. Application steps and procedure will not change.
Prospective investment. This is an opportunity to invest in property, the demand for which is only growing. So, a large number of people go to Turkey for permanent residence, you can rent real estate year-round. The cost of utilities is quite low (especially compared to the EU). Real estate needs to be owned for 3 years.
Visa-free entry. Turkish citizens can exercise the right of visa-free entry to 110 countries of the world, including Singapore, Japan, South Korea.
Non-revocable right of residence. The popularity of such an option as obtaining a residence permit for Turkey on the basis of a long-term lease contract for residential housing leads to the exhaustion of quotas for it in some locations, in particular in some areas of Istanbul, Antalya and beyond. And also take into account that the residence permit status is temporary, which must be extended after certain periods of time. Thus, your status in your host country will depend on this extension. If you want to get and keep the right of residence in Turkey guaranteed – choose the option with investment citizenship.
Remote Request Processing. Investor may choose an object from APEX offers and start the process of becoming an owner of property, including opening accounts, remotely via APEX. The application may include an investor, spouse (s) and children under 18 years old.
Investment project near the financial center of the city, Istanbul
Apartment with two bedrooms, with a total area of 129sqm, on the 3rd floor.
The project is located in the developing district of Kagithane, next to the financial district of Maslak. Commissioning is scheduled for December 2022. Expected rental yield: 5% per annum. The projected increase in real estate prices in the area in the next 5 years: about 130%.
Price — $263,000.
Apartments in a renovated historic building, Taksim
One bedroom apartment on the 2nd floor with a total area of 67 sq.m.
The project includes a 5* hotel, residential residences, office and retail premises, art galleries, a museum in the 200-year-old monastery building, cafes and restaurants, boutique shops. 24-hour security, concierge service, hotel 5* services. Nearby is the subway.
The project management company — Garlon, organizes the lease on the rental pool system. Expected rental yield: 8-9% per annum. Commissioning — December 2022.
Price — $373,000.