Turkey has grown into a country with numerous investment opportunities, particularly the real estate market, especially appealing to investors. Our major goal in real estate is to provide the best possible service in an objective, independent, and trustworthy manner. We can help you locate the ideal property whether you're looking for an investment in Marmaris, a holiday home, a nice apartment, a villa, or farmland. We provide prompt and competent services in both Turkish and English. We are delighted to assist you with any concerns or requirements that you may have. As a local property developer and real estate agency, we will guide you every step of the way in locating the ideal house, taking into account all your specific wants so that you can get a good and honest evaluation of the houses on offer.
Marmaris is a popular destination with something for everyone of all ages. With its beauty and a zest to live, Marmaris is a property with everything it can provide. Marmaris is located in the perfect spot in the Mediterranean coastline in the southwest region of its shores along the Turkish Riviera. It has two major marinas, as well as several smaller ones.
The Marmaris population is around 30000 during winter months, with tourists driving this number to more than 300,000 in the peak season. The average statistics indicate that since the year 1980, there has been an upsurge of 10,000 people to the area every year. The climate of Marmaris is beautiful, with endless sunshine and mild winters. Rain is not shared and, if there is any, it is usually during October and November.
What is the cost to purchase a Marmaris property?
The property available for sale in Marmaris might seem costly compared with other Turkish resorts. However, it is not without good reason. An average apartment in a beautiful complex can cost approximately 70,000 GBP, and a three-bedroom property located only 100 meters from the beach will cost about 100,000 GBP. Marmaris villas for sale in a charming complex will cost around 200,000 GBP. A high-end estate with a good level of privacy could be priced at about PS200,000, all the way to millions. Properties available for auction in Marmaris are diverse and cater to buyers with all budgets.
Is Marmaris real estate an ideal investment?
Marmaris is known for having everything for everyone. It is also known for its wide selection of Marmaris properties, and it is a thriving resort with incredible rental yields. The real estate market in the area is rising each year, and therefore, buying an investment property in Marmaris could yield impressive capital gains.
Who is the buyer of property in Marmaris?
The property situated in Marmaris is a favourite option for foreign buyers because more and more people find Marmaris properties more affordable and Turks are the most attractive neighbours.
The homes located in Marmaris are likely to be purchased for a holiday residence, especially with the ever-increasing efficiency of air services and new airports, making Turkey accessible throughout the year.
Apart from that, numerous retirees move to Marmaris to enjoy the stunning climate and lifestyle that moving here could give them. Marmaris is also the top option among the sailor’s thanks to the superb marina facilities and sailing routes accessible from this location.
Sailing in Marmaris
Marmaris has exceptional sailing, with pleasant winds, attractive bays, stunning scenery, areas to anchor, and the distinctive geographical particulars of the coastline that are perfect for sailing. The climate in the site also provides numerous sailing opportunities, with April through October providing the possibility of up to nine hours of sun and the months of June, July and August are the hottest months.
In summer, it is known as Meltemi and moves across NW to WNW during the summer months, but in the middle and late summer, Meltemi becomes weaker, and there isn’t a breeze for several days.
The coastline in Marmaris has been surrounded by vast mountains that drop in the water. The remarkable combination of cultural, historical incredible sailing, fantastic scenery, and excellent swimming makes this area perfect for sailing.
Marmaris properties are among the most desirable properties in Turkey and buyers are never bored here, and investors can take advantage of an abundance of rental opportunities and income possibilities. Contact us today to find out the most recent deals and exclusives that you can’t discover anywhere else.
Marmaris is a city in Turkey located close to the point where the Mediterranean Sea intersects with the Aegean Sea. Sea parks vary in the smallest area. These towns are worth a visit, from historical monuments from bygone eras to the tourist’s shopping centres, sea-related activities, and the extensive Byzantine, Persian, Roman and Ottoman architecture. It also houses among the top famous castles within Turkey, Marmaris Castle.
Marmaris Castle is the city’s most famous landmark, and it’s a favourite stop for travellers on a rural tour across Turkey.
The Castle and the museum are an integral part of Marmaris. Past; the first settlements were established around the Castle and have since expanded to the present town, a popular tourist spot with lots of marinas and fun tourism activities like sailing, cruising, and diving.
The trendy town of the present is quite different from the humble fishing community, and Marmaris is not even the original name for the city.
It’s thought that this Castle was constructed around 1044 BC to serve as an accommodation facility. Since then, the Castle has been in the hands of powerful emperors through the centuries.
* Construction by the Ionians
Ionians were a threat to the Caria areas 1044BC, and their reign spanned from the Milet through into the Ephesus region. It is believed that they were children of Greek warrior Ion—the time of their time when the Castle was constructed.
Following the Ionians, Caria fell into the hands of other empires like that of Dorians and Alexander the Great, whose army occupied Caria’s Castle in 334 BC. The Romans were in control from 138BC until the mighty Ottomans emerged in 1425AD. They conquered Caria and made it a significant part of their territory.
In the Ottoman era, Suleyman the Magnificent changed the city’s name from Physkos to Mimaras. In his efforts to take Rhodes Island, he renovated the Castle in the military operation.
* Reconstruction by the Ottomans
In 1422, during his expeditions to capture Rhode Island, Suleyman the Magnificent commanded the Castle’s restoration, which the Ionians once occupied. However, the story of how the Castle came to its name is an untruth. One version of the truth is “Hang the Architect”:
During the Castle’s construction, Suleyman visited the Castle and was unhappy with what he saw because it was small. So Suleyman instructed his architect to create a stunning structure, and he’d come back to look at it after the siege of Rhodes.
After the mission, Suleyman returned home, but Suleyman did not yet execute his request. So Suleyman is furious and tells his soldiers to hang him. In Turkish, it is believed that “Mimar” means the architect and “as” turn; therefore, was born the name Mimaras has since been changed to the more tongue-friendly Marmaris.
He also requested a caravanserai be constructed on the road leading to the Castle. The caravanserai remains and functions as a cafeteria and a souvenir shop.
* The damage caused by French military fires in 1914.
Following the Ottoman period, Marmaris served as an essential port. In 1913, this port utilized the port for the Germans to secure their destroyers. In the First World War, the Castle was hit by The French Fleet, and the Castle suffered severe damage.
* Use for residential uses.
The Castle has transformed into homes until the 1980s. Within the Castle are 18 houses, a cistern and an arch; communities have established residences in this area until the Castle was renovated and made an archaeological monument.
Marmaris Castle as an Archaeological Monument.
Restoration work on the Castle took place in the early 1980s and transformed into a massive site following registration in 1983. The Castle has seven indoor sections, and two of these sections are designated as archaeological lounges. One space is an ethnography lounge, and the remaining sections are storage and galleries.
Why Should You Visit the Castle?
* For breathtaking panoramas of the harbour
Its Castle, as I mentioned, has been through many Emperors’ hands. It is a stunning garden and landscape. It’s an ideal spot to take in the rich history as you enjoy the breeze of the ocean while taking pleasure in the breathtaking panorama of town from one of the towers of the watchtowers.
* Rejoice in the art of olden days
The archaeology lounge exhibits antiquities of the bygone era. There are 5500 years of history in space. The amphoras, coins, ornaments, glassware, and earthenware displayed originate from earlier in the Hellenistic, Byzantium, and Roman. Within the ethnography, you’ll find the furniture, weapons and kitchenware that defined that period—the Ottoman empire.
*Take nice photos
The Castle’s architectural style is stunning. From the lookout towers, windows and terraces, you will be able to enjoy breathtaking views of the area below. Such sights are worth recording, so make sure to bring your camera along on your trip.
Would like to be the owner of a house near this amazing place?
Real estate in Turkey (Marmaris) company is the largest real estate firm in Turkey which owns the brands for professional real estate firms: Antalya Homes, Istanbul Homes, Trabzon Homes (as well as Marmaris Homes.
The company is famous for its values as a company and professionalism in the industry since 2004. One of the reasons we have thousands of happy customers can be attributed to our extensive knowledge of the various requirements for purchasing a home in Turkey. We have a huge team of experts in real estate that are available in more than 20 different languages. Our experts help our customers throughout the process to ensure they can reap all the benefits from this Turkish real estate industry as they search for their ideal houses.
We have created a guidebook that outlines the most important elements to help you locate the ideal property.
How Easy Is It to Find a Property in Turkey?
Turkey is a country that is a great investment that offers lucrative returns in investment and boasts an extensive portfolio network. It is, therefore, quite simple to find a home in Turkey following your requirements and budget.
There are a lot of homes with desirable features at a low cost in the most sought-after locations in Turkey. You can, for instance, discover a variety of cheap homes and apartments near the popular beaches and amenities for socializing in Antalya, Trabzon, Bodrum, and more. However, If you’re thinking of starting your own business and on a budget, you could borrow money through Turkish banks and locate commercial real estate that will fit your budget.
Our team of experts knows the property market well and only lists authentic properties on our site. We only list the properties priced in line with their true value. If you find prices that are different at other sites, it could be due to several reasons, such as the absence of price updates or bad intentions. Read the review Prices on various websites? for more details on this subject.
Our website is filled with houses and flats suitable to live in and invest in. Because we offer a variety of choices of properties, you can contact our knowledgeable team to assist you in selecting the property that will meet your needs. Find properties to buy in Turkey with the most affordable price assurance.
What are the Clues to Find the Best One?
You can locate the ideal property in a single step and experience a no-hassle buying by working with a reputable and experienced real estate agency. Particularly for the first-time purchaser, a foreign property purchase procedure is confusing and complicated for you. An expert can assure you of a smooth and non-language barrier-free procedure.
A professional team simplifies the process and assists you in finding the perfect home. As we mentioned, there are many options in Turkey, and you could easily become lost and forget the goal of buying. The process of creating a wishlist with your realtor can help you narrow your search.
The typical wish list is under four primary categories:
* The reason for the purchase
* The property you are looking for has features that you’re seeking
* The address
* Budget plan
First, we look at the motives behind buying. Are you looking to establish an enterprise in Turkey? Are you searching for an investment property or a place to reside in? There are endless questions. These types of questions are crucial because, for instance, investments and summer homes are significantly different in terms of features, locations, and so on. We must also clarify the reason for the purchase.
We then focus on the home features that you would like to have. There’s a broad selection of properties, from small homes to luxurious real estate that has unique features for a reasonable price. Most new developments are fitted with cutting-edge technology like smart technology for homes. Regarding the dimensions of real estate properties, houses in Turkey typically have large terraces and balconies.
However, it is possible to find tiny and stylish flats. The choice of a place is extremely crucial. There are numerous real estate properties in Turkey near stunning beauty spots and the ocean. The facilities for daily and social life are accessible throughout every region. However, should you decide to purchase a home specifically to invest in, consider whether you can anticipate the property’s appreciation over the next couple of years and what amount? Our team of experts knows the stories of every region in Turkey. We will recommend the one that is most appropriate to meet your needs.
The budget you choose will be formed by the area and features of the home you pick. It is also important to prepare for the costs associated with legal processes, like the title deed and utility connections.
In essence, The ideal property’s attributes vary from buyer to buyer, so the wish list created by a team of experts can easily help find the best property for your needs. The most effective way to find the perfect property is to consult an agent in the real estate industry who is knowledgeable of the rules in the industry and the buying procedure in Turkey. Check out our piece ” 10 Reasons to Consult a Real Estate Agent” to learn how a property agent will simplify the buying process.
How Will You Help Me to Find My Dream Property?
Take Overseas has full control over all aspects of the home buying and selling procedure since we handle home sales transactions daily, and we can anticipate any setbacks that might occur.
After you’ve identified your list of priorities After determining your list of priorities, we create a selection of properties that satisfy your needs and provide the most efficient return on investment. Viewing tours are scheduled to allow you to take a more in-depth view of the properties. The property agents inform you about the property’s details on the tours.
When you’ve found the property that you are looking for, our lawyers draft the sale contract that outlines the deal’s conditions between two parties, like the date of the handover, transfer day, date for payment, and the down payment. We ensure that everything is stated clearly within the agreement.
There are many legal processes for buying a house, for example, opening an account with a bank, obtaining a tax ID number, etc. It is easy to handle these by using our extensive Before and After Sales Services. They are available only to our customers who buy properties via Tekce Overseas.
Our after-sales solutions include several steps, from obtaining all your subscriptions to furnishing your new house with top-quality furniture at the most affordable prices. We have always stated we are aiming to build lasting relationships with our clients. Therefore, our after-sales service will continue to be a continuous process when you own the property.
How to find real estate remotely in Turkey
Let’s look at this scenario: You discover an ideal property that you’re looking for, but at an affordable cost in Turkey However, you don’t have the time to travel, deal with the legal processes, or decorate your new residence. This means you’ll miss out on a lucrative opportunity. You can’t be certain that you’ll find an opportunity similar to this. If it is, you could encounter the same challenges.
We have heard about the plight of buyers and investors from investors and buyers often, so we came up with two brand names in the residential real estate industry because of the need for innovation which is one of our core values. It is TeleProperty and TeleMortgage!
TeleProperty lets you purchase the property you desire and manage the entire process, and even embellish your home from afar using video-based communications channels like Facetime, Skype, Whatsapp, Video Call, and more. With TeleProperty, the entire purchasing process is conducted safely and simply as if you were there.
If you’re thinking of getting a mortgage to Turkey, TeleMortgage allows buyers to finish the mortgage application process without visiting Turkey on their own. We take care of all the required processes for you. You will know the outcome of your application in just one day!
Our high-end systems have brought many of our clients together to create their ideal homes.
We are real property experts in Turkey who have the right answer to your questions. If you have questions regarding purchasing a home in Turkey, contact us today or fill out the form to request us to contact you on the page Contact page.
The most difficult part of purchasing an apartment is most likely the conveyance deed process. When does the seller receive the entire amount? What happens to the buyer when they receive their title? To make it easier for the process of transferring money between two parties, TKGM (Tapu Kadasto Genel Mudurlugu, General Directorate of Land Registry and Cadastre) and TAKASBANK (Takas ve Saklama Bankasi) has developed the electronic Title Deed swap System. The new software system offers an easy and safe way to pay and transact with title documents.
Title Deed Swap System (TapuTakas) is an online platform that acts as a middleman between the seller and buyer to secure transactions. It functions in a synchronized manner with Takasbank in addition to Takbis (Tapu Kadastro Bilgi System). The system eliminates the buyers and sellers dependence on each other. Takasbank ensures the security of the funds while TAKBIS has it in the titles to safe transactions. The system is compatible with digital platforms like tablets, phones, and computers, allowing both parties to complete transactions safely from any place with an internet connection.
How Does Title Deed Swap System Works?
To begin the process, the seller has to apply for TKGM for a title deed conveyance.
Step 1
Seller and buyer sign up for using the e-payment receipt number that they receive from TKGM and their ID details at www.taputakas.com.tr and “Tapu Takas” mobile app ( Android oriOS).
Seller- After registration, the seller has to choose to conduct the transaction as a genuine person (requires an ID number), a foreign individual (requires TAX ID number) or a legal entity (requires the tax ID number). In the Title Deed Swap page, the seller gives the personal or company information, bank IBAN, postal address, and the address of the mail. The seller will provide the sale price and the property’s information, including districts, provinces, neighbourhoods, plot numbers, and independent sections. After saving the modifications and submitting the changes, the system sends an email to confirm the information along with it also provides the Takasbank Reference Number, which is to be sent to the prospective buyer.
BuyerAfter obtaining a Takasbank reference code (TVS ref number), the buyer is required to follow the same steps to register similar to the seller’s process; however, the only difference is after the buyer’s procedure, the system will ask for a “TVS Reference Code” that the seller emailed to the buyer.
*If both parties save the registration stage, they will also agree that they had agreed to pay the commission for swapping titles.
Step 2
After both parties log in and confirm their modifications, Takasbank and the Takbis system will match the data. Once the match is completed, the buyer will receive an SMS advising of the commission payment.
Step 3
The buyer (buyer can also pay the sale price in the transaction) and the seller pay 70 TL of commission to Takasbank and an IBAN code TR330013 0000000 024045 by writing their e-payment code in the explanation.
Take note that during making a payment, make sure to use only the account details you have registered. If you do not, the money will be returned automatically.
Step 4
After the money transfer has been completed, Both parties receive an email advising that Takasbank will hold the sale sum until the exchange of the title process is complete. Title deed transfers are generally performed at the same time. (Note that if the title deed was transferred during business closing hours, cash payment is made to the seller on the following working day.)
Title Deed Swap Commission Fee
The fee of 70 TL is charged to use the system, regardless of the property’s value. Because this commission is charged through the system, the amount cannot be refunded regardless of when you decide to end the sale.
Cancellation of Sales
One of the benefits of swapping title deeds is that it does not place anyone in any obligation. The buyer or seller may end the transaction at any time. The advantage of this system is evident when the buyer wants to cancel the swap, and the amount will be refunded to the buyer’s bank account details through Takasbank.
Although the online transfer is completed if the Land Registry and Cadastre Office do not sign the title deed transfer within 29 calendar days or if the cancellation is not made known by the parties on the 30 days following the date of the sale, day after that sale date, the purchase is returned to the buyer’s bank account.
Advantages of Title Deed Transaction System
* It’s more modern. It also offers cost and time advantages.
It eliminates the possibility of theft, fraud, embezzling, or fake money. The buyer and seller can finish the transaction by themselves using an easy-to-use interface.
* Notifies both buyers and sellers by sending SMS messages about each step, allowing for easy monitoring of the procedure. Each step is followed by selecting the “Status Check” option.
* Assures trust to both parties. When a sale is terminated, the Takasbank system transfers the money back to the owner securely. The seller may complete the title deed in the Tapu office following the sale amount in the Takasbank account.
How should I proceed following having signed the sales contract?
Upon signing the contract for sale, each party registers Title Deed Swap System (TapuTakas) using the receipt numbers they receive from the TKGM, and the transfer process starts.
What time will I have to wait before receiving the money following the swap of title deeds?
The parties sign the amount is immediately transferred to the seller’s account once the process is done. One note, only when the transfer is made during business hours, the transfer will occur within business hours.
If the transfer is done by a person who is an intermediary, does the proxy receive the money on behalf of the owner?
No. The transfer process can be performed by someone who has a Power of Attorney, but it is mandatory to provide an owner’s IBAN details on the registration page. The number of sales can only be transferred to the person who owns the property.
Do I have confidence in Takasbank with my money?
You will be informed by email or text message based on the request you make to transfer each step. You can always click “Status Check” to see the procedures.
What happens if the transfer is cancelled?
Yes. As long as the registration process with the Land Registry Office is approved, You can cancel at any time.
What banks can I utilize for money transfer to Takasbank?
The only requirement is that you have registered your IBAN within the system; you’re able to make use of any bank you like.
Does the sale price have to be in line with the sale amount in the title deed?
No. At the time of registration, you’ll determine the sale price. In the absence of a payment, the transfer process won’t occur.
Is the system able to work with multiple buyers and sellers?
Yes. Each buyer and seller must sign up for the system separately. The number of sales they enter should align with their payment amounts.
What if I was charged for the cost of the transfer?
No. The only additional amount is a 70-TL exchange commission for title deeds.
Can there be a method to ensure that the messages are sent from Takasbank?
All communications sent out by Takasbank have a “Tracking Verification Code”, the same as that which was sent when you first registered. Any messages containing an incorrect code or none at all are not considered valid.
For decades, Brits have adored Marmaris, the bustling city of Turkey. Turkish Riviera. It attracts thousands of tourists each year because of its stunning landscapes. In a vast valley, the first sight of Marmaris is as they ascend the swaying mountain roads that surround the valley. Green hills, the long beach, and the sparkling blue sea are eye-catching and provide a great introduction to the area home to a large ex-pat population. This introduction for those new to Marmaris will provide you with travel essentials. We believe you’ll be amazed by the amenities that Marmaris has to offer.
Marmaris Travel Guide:
The History It is not known the exact date Marmaris was first established, but historians know that it belonged to 6 the century the BC Caria Kingdom. Later, they faced the wrath of Alexander the Great, who was engaged in an invasion spree across The Aegean and the Mediterranean coasts that are now Turkey.
The 13th century was when it was given its current name. There are two versions of the significance of it. The first one says that it is a reference to “hang the architect,” reflecting the reaction of Ottoman Sultan Suleman the Great when his eyes were opened to the castle’s work of reconstruction. It was during the 16th century; however, another story says the name is a reference to its historical position as an exporter of marble.
This castle played an important part in numerous battles throughout the decades. Suleman the great occupied it in his victory over Rhodes, and later, in the 18th century, Lord Nelson protected his ship in the bay in the midst of fighting the Napoleonic army. Nowadays, the bay enjoys its quiet existence as it is a museum.
Visitors who are new to the area should go towards the old town. The harbor district showcases everything an authentic seaside lifestyle ought to appear like. Also, taking in the laidback atmosphere is an absolute pleasure. The most well-known landmark in Marmaris is its Ottoman castle, which offers an evocative look at the region’s past. However, the marina maintains its status as a prestigious social institution close by. Despite being obliterated in recent times due to the huge yacht Marina of Yalikavak, It still conducts an impressive trade with international yachts, and each October, it hosts the annual sailing race. The Harbour restaurants are an excellent spot to eat dinner. The menus are international and include fresh seafood and fresh fish. They are a perfect example of al-fresco dining at its finest. If you’re looking to up your partying close to the bar, the nearby street is among Turkey’s most energetic nightlife spots. In other words, practice your new trade skills in souvenir shops along the bazaar. When you leave Marmaris’s old city, tourists arrive at Marmaris, the long, sandy beachfront. It’s one of the best and most well-known beaches in Turkey, and that’s why some numerous sunbeds and umbrellas line it as well as the wide range of water sports offered. The promenade is surrounded by cafes and restaurants to where it reaches the main road, leading to neighboring Icmeler.
Getting Out and About
Within Marmaris, There are many things to do, including the waterparks, Turkish baths, shopping, nightlife, and of course, beaching it. Marmaris is a great choice for us because it’s a good base to explore the surrounding districts, every one of which has its unique particularities and benefits to be explored.
Discover Rhodes:
A one-hour catamaran excursion to Rhodes, the largest Dodecanese Island, introduces you to the knights of medieval times from Saint John through spectacular ruin sites in the old part. Rhodes also has an enviable reputation for shopping or relaxing in a traditional pub and begin enjoying their famous wines as well as traditional Greek food. You can buy your ticket from bookingmarmaris.com
The Mountain Road Jeep Safari:
Go off the beaten path to discover mountain villages and the beautiful hidden area of Turgut waterfall, a popular secret in Marmaris. The local tour stores also offer quad-bike or horse safaris if you’re looking for alternative transportation methods.
Road Trip to the Bozburun Peninsula:
Head west from Marmaris and continue past Icmeler towards The Bozburun peninsula. For decades the region had an enviable reputation for its handmade gulet vessels, but nowadays, visitors come to escape from the hustle and bustle. Unaffected by the influx of tourists and maintaining its seaside charm, villages are Selimiye and Orhaniye. Both are renowned for their tranquil atmosphere. Besides that, Kumlubuk has the best beaches and restaurants for fish in the region.
A Day of Lazy Boat Cruises:
Any Marmaris travel guide must include the most well-known daytime activity, a leisurely boat cruise around the coast. The boat departs at the harbour early in the morning and serves delicious BBQ meals, and the boat stops for swimming breaks in breathtakingly beautiful locations in the Turkish Riviera like Kumlubuk, Paradise Island, and Aquarium Bay. All you have to bring is sunscreen! For more details please visit marmaris.tours
The Datca peninsula is a must-see. Datca:
90 minutes’ drive away, and the Datca peninsula is another postcard spot worth a visit. While it’s not featured in international travel magazines, It has been a favorite destination for vacationing Turks. You can visit it within the day, but we suggest an overnight stay.
Citizenship is now being employed globally to support the economy and the government’s labor policies and encourage foreign investment. The necessary regulations have been enacted in various countries concerning this. You can obtain Turkish Citizenship through buying real estate and capital investment, job creation, purchasing loans, deposits, and deposits.
It is accepted that foreigners who have first had a residence permit issued within Turkey in 2016 and who have a residence permit issued by the Republic of Turkey in 2016 and also hold the Turquoise Card, as well as their spouses from abroad and children who are under 18, can obtain Turkish Citizenship in the case of certain circumstances. The law is numbered as 6735 (International Labor Law) of 2016foreigners who aren’t employed in Turkey and who make investments within the specified scope and in a certain amount, as well as their spouses from abroad and children under 18 years old, can obtain Citizenship. However, the conditions for the investment that is made aren’t specified.
The type and size of this investment were made clear because of the amendments to the board’s decision which took effect in the year 2017 and a year earlier. In 2018, following the Presidential Decision, the previously established investment amounts were reduced as well as the conditions for application were made easier to apply. In 2018, the door was made available to foreigners who wanted to obtain Turkish Citizenship by purchasing property worth at minimum two million dollars (US USD).
This article will describe the procedure for foreigners obtaining Turkish Citizenship through investments. We will discuss the topic in detail and classified by type of investment and the benefits of becoming a Turkish citizen.
Conditions for Acquiring Turkish Citizenship by Investment
In the case of amendment number 418 made on 07.12.2018 by the Presidency’s ruling number 106, which was published within the Official Gazette on 19.09.2018, foreigners will be eligible to obtain Turkish Citizenship only if they fulfill at least one of these requirements.
1. Turkish Citizenship by Fixed Capital Investment
It is mandatory to have a capital investment of at least 500,000 USD (US Dollar) or in a foreign currency or Turkish Lira equivalent. This figure, set at 2,000,000 USD (US Dollars) before the change, was decreased to 500,000 following the change. The Ministry should approve the capital investment required of Industry and Technology.
2. Turkish Citizenship by Purchasing Real Estate
An owner must sign a title deed on the immovable asset at least two million dollars (US dollars) or another foreign currency or Turkish Lira equivalent, indicating that it cannot be sold for less than three years is registered in the registry of land. Transfer and abandonment of the property are not granted for three (three) years. The contract is to be signed by the notary public once the foreign buyer has bought.
3. Turkish Citizenship by Employment Creation
It is crucial to employ at least 50 persons (reduced by 50 to 100 following the last change to the law). The work requirements are set in The Ministry of Family, Labor & Social Services.
4. Turkish Citizenship by Deposits in Banks
It must make at least $500,000 (US USD) or another international currency, or Turkish Lira equivalent to banks operating within Turkey. The Republic of Turkey. They are held for a minimum period of 3 (3) three (3) years. The Banking Regulation and Supervision Agency are the ones to decide the transactions.
5. Turkish Citizenship and the Government’s Borrowing Instruments
It is essential to buy the government’s debt instrument for a minimum of 500 000 USD (US Dollars) or an equivalent alternative currency such as a foreign exchange (or Turkish Lira equivalent, provided that it’s kept for at least 3 (3) three (3) years. The transaction has to be approved through the Ministry of Treasury and Finance.
6. Turkish Citizenship and Investment Fund Participation Share
It is mandatory to buy venture capital participation shares or real property investment fund participation shares that are at least 500 000 USD (US Dollars) or another foreign currency or Turkish equivalent in Lira if maintained for a minimum period of 3 (3) years. The purchase must be approved through the Capital Markets Board.
Becoming a Turkish citizen and possessing a Turkish passport has become simpler with the new rules. Foreign nationals are granted Turkish Citizenship and passports by purchasing real estate or investing in the required amount. If you hold a Turkish passport, you’ll be able to travel across more than 123 nations without the need for a visa, a visa upon arrival, or by obtaining an electronic visa.
What advantages are the Turkish passport’s advantages, a prime target for investors searching for properties that will grant Turkish Citizenship? Are you aware of the power that is Turkey’s Turkish passport? Which countries permit visa-free entry? What are the benefits of getting Turkish Citizenship?
Advantages of Turkish Citizenship
You can get a Turkish passport and Citizenship in only 120 working days.
No, an absolute residency requirement.
You can travel to over 111 countries with no visa or visa on arrival. Twelve countries are eligible for e-visas with ease-of-use and swiftly get into the 26 Schengen countries.
Turkish passport is one of the top passports in the world.
You are entitled to education for free at state universities.
There is no need to have a residence permit.
You are eligible for retirement programs just like any Turkish citizen.
It is possible to vote in elections.
You are entitled to all rights to medical treatment.
You can get dual Citizenship through a Turkish passport that is valid for over ten years.
When you become a Turkish citizen, you can travel to Georgia, Moldova, Northern Cyprus, and Ukraine without having a passport. Some of the countries you can visit without having a visa if you are a Turkish passport holder include Japan, South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Brazil, Argentina. You are also able to travel to Australia using Visas online.
Being a Turkish citizen is an aspiration for many, and the Turkish passport is now an unavoidable gift that gives you a sense of belonging to a past and future. The most recent regulations that allow you to become a Turkish citizen by making property investments became more accessible, and the door is tall and wide.