TURKISH CITIZENSHIP BY INVESTMENT IN MERSIN
Turkish Citizenship by investment was very popular for especially Asian buyers from Pakistani, Bangladeshi, Indian and the diaspora of these nations living in South Africa, USA, UK, Canada and rest of Europe. We specialise with the purchase and application process and you will save overall in Mersin by working with us.
Turkish Citizenship by investment explained
Turkey’s laic, secular constitution appeals to everyone, however honestly, especially for Muslims from all over the World, our country has been a safe haven. The minimum requirement for citizenship by investment was $1.000.000. After a year or so, it changed down to $250.000 and it became very popular. Stats show that we sold 3 citizenships when the requirement was $1M, and over 75 when it became $250.000.
Now the minimum requirement is $400.000. This includes husband and wife and their children under 18 at the time of the application for Turkish Citizenship. The description of the process in summary is investing in real estate worth at least $400.000 and you must keep the investment for a minimum of 3 years. Let us look at a few possible investment types based on our past sales.
Single unit model
This can be an apartment or a shop with independent freehold title deed. For this example let us take on an apartment in Mersin, although the most popular destination for investors is #Istanbul.
Ideally, the apartment needs to have a title deed older than 5 years for full price declaration. This way, the seller will be able to declare the sale price on the title deed, and this is one of the main requirements to be eligible for Turkish Citizenship by investment. So, we need to find an apartment priced above $400.000 and we can start the process once you confirm your interest in this unit.
Let us say the apartment was priced at $465.000 and we agreed to get it for $423.000 (*). We will start the buying process with a 2% deposit and call a valuation surveyor for a non-biased report. If the valuation comes at over $400.000 we will be all right.
As the title deed is over 5 years old, the seller will declare the sale price in full at $423.000 and all requirements will be met. When all requirements are met we will apply for your family and your passports will be ready in 6-9 months.
Multiple unit model
In this method we will be putting our eggs in different baskets for Turkish Citizenship. As a realistic example let us pick a list of units priced between 2.500.000 Turkish Lira and 5.000.000 Turkish Lira. The list of the suggested units are below.
- An apartment priced at $87.500 which generates $7.000 per annum rent in Yenisehir, Mersin.
- A store near the Forum Shopping mall which is $190.000 and it generates $17.500 per annum in Yenisehir, Mersin.
- A zoned land plot of 650 sqm in Mezitli, Mersin for $149.000 where we can build 1-2 duplex homes.
All have to be declared in full, their valuation reports must be near the value we are buying the units, and as the total is $426.500, we will meet all the requirements.
If you have more funds available, we can develop your land as a bespoke home and get you a very good profit as a result. Check dynamic investment with MARE here.
This Turkish Citizenship method requires some time before application as we need to find suitable options, however the returns and profit are very rewarding.
One stop shop for Turkish Citizenship by investment
At MARE Investment we cover A-Z needs about Turkish Citizenship by investment. We do not only find you investment options but also manage your portfolio at competitive rates and in the end we will be ready with your healthy exit from this investment. The flexibility of Turkish Citizenship by investment is actually a no brainer especially if you are a professional investor who is in need of a safe citizenship from a vibrant and developing country like Turkey.
With your POA, we can manage your portfolio, develop your investment project, market and sell it on your behalf after the 3 year period.
For information and your questions please call us freely.
(*) We recommend spending at least 3-5% more than $400.000 as three requirements do not always meet at the same number.