Owning a property in Turkey for Egyptians

Owning a property in Turkey for Egyptians

Owning real estate for Egyptians in Turkey has become an important topic for Egyptian communities around the world. According to the new Turkish naturalization law, we can say thanks to the Turkish government and their flexibility regarding owning real estate and then having the right to apply for Turkish citizenship.

Today more than ever, more Egyptian citizens are considering moving to Turkey and investing in it. In this article, we will introduce you to the laws that allow Egyptians to own real estate and obtain Turkish citizenship in exchange for a real estate investment in Turkey, as well as some exceptions that concern them in this regard, and the allowed legal age for naturalized children. 

In this article, you will read about:

1- The importance of Turkey for the Egyptians

2- Owning a property in Turkey for Egyptians

3- Are Egyptians entitled to buy all types of real estate in Turkey?

4- Granting Turkish citizenship to Egyptians in return for real estate investment

5- The required papers so Egyptians own a property in Turkey

6- What is the legal age to naturalize children of Egyptians?

The importance of Turkey for the Egyptians

Historically, Egypt had an important position in its relationship with the Ottoman Empire, as it always formed strategic weight and depth between the two brotherly states and peoples. The interconnectedness of civilizations had a great impact on Turkish culture. The evidence for that is the different Arab vocabulary that has taken place in the Turkish language, and the same is true of the impact of Turkish culture on Egyptian society.

The long record of Egyptian-Turkish relations rooted throughout the ages, the geographical proximity between the two countries, and the mutual trade links were the reason behind building many landmarks inside Turkey with an Egyptian fingerprint. 

المصريون في تركيا

The Egyptian market is a living witness to this to this day, and it is located within the historical walls of Istanbul in the Eminonu area. It is a prominent tourist landmark of the city. While the historical buildings overlooking the Bosphorus form a residual monument indicating the depth of the close relationship between the two civilizations.

Today, in addition to that, the modern renaissance that Turkey is experiencing, along with other geostrategic factors, have made Turkey a destination for many Egyptians. Whether for study, stability, residence, or investment.

Owning a property in Turkey for Egyptians 

For a long time, Egyptians became one of the active groups that look for owning a real estate in Turkey and participate in multiple economic investments. 

According to the statistics of the Turkish Statistical Institute, Egyptians were among the most nationalities to own real estate during the years 2015, 2016, and 2017.

For example, in 2017, Egyptians ranked tenth on the list of foreign nationalities with the highest ownership of real estate in Turkey, an increase of 60% over its predecessor in 2016, as the number of residential properties owned by Egyptians reached 587 residential properties.

Are Egyptians entitled to buy all types of real estate in Turkey?

Investment laws issued by successive Turkish governments have allowed Egyptians, along with most of the other communities in the country, to invest in real estate in Turkey in various types of real estate without any restrictions; It allowed them to own apartments, villas, and commercial establishments, as well as residential lands and buildings for their residential and commercial uses.

However, Turkish law directly excluded Egyptian citizenship from owning agricultural lands. The appropriate way for Egyptians to own agricultural lands in Turkey was to establish a Turkish company, then register the land in the name of the company without any obstacles, considering the company a Turkish legal entity.

Granting Turkish citizenship to Egyptians in return for real estate investment

In 2018, along with most other nationalities, a new decision allowed Egyptians to apply for Turkish citizenship in exchange for real estate investment with several options, as follows:

  • Buying real estate in Turkey worth more than 250 thousand dollars.
  • Buying shares in Turkey.
  • Depositing money in a Turkish bank.
  • Employing a number of Turkish employees.

Many Egyptian investors were able to enjoy the law of citizenship in exchange for investment in Turkey, and real estate ownership was the key to entering this section, and it is perhaps the fastest solution for naturalization in Turkey today, to take advantage of the advantages of a strong Turkish passport.

Many Egyptian investors were able to benefit from the law of naturalization in exchange for investment in Turkey, and owning real estate was the main key. Perhaps it is the fastest solution for naturalization in Turkey today! 

The required papers so Egyptians own a property in Turkey

  • Procedures and papers required for completing the process of owning a real estate in Turkey,
  • Extracting a tax number, easily obtaining it within minutes, from a branch of the Tax Department.
  • Passport to the Turkish language abroad.
  • Two personal photos.
  • Pay the title deed fees.
  • The presence of the concerned person or his agent, the distribution of a power of attorney notarized by the notary, through the Turkish embassies abroad.

6- What is the legal age to naturalize children of Egyptians?

As mentioned above, Turkish law allows the investor to apply for Turkish citizenship in exchange for investment if he fulfils one of the specified conditions. The naturalization file also includes his family, including his wife and children under the age of 18.

But the Egyptian investor in Turkey had an additional special advantage, by allowing him to include his children under the age of 21 in the naturalization application file. This has been proven in the recent files submitted and the approvals issued to them.

If you want to take advantage of this exclusive benefit for Egyptian citizens in Turkey now, you can contact us directly and talk to our consultants. Extra Property can help you choose and buy the property that suits your needs at the best price, with the opportunity to obtain Turkish citizenship within only 90 days.

Edited by: Extra Property ©

Source: yabancilar

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