Immigration by Real Estate
When you buy an estate outside your country, this investment may give you certain advantages. It can open the doors of a host country to you for getting its residence permit and in that case, you will not only be the owner of a house in its traditional sense, but a house in the vast meaning of the word. This will enable you to use the financial and banking system, the educational system and other normal facilities of the host country and put you in the course of obtaining citizenship. So, it’s important to choose the country for your second home.
This choice, of course, depends on the amount of your financial competence and the laws of the host country, i.e., in Turkey’s laws, the minimum needed amount of investment in properties to obtain citizenship is 250,000 Euros, and in Spain it is 500,000 for the Golden Visa. For more detailed information on this topic, make contact please with our consultants at Daadban Legal and Migration Institute.
Conducting the migration process through purchase of property is not time consuming, and the average between 4 and 8 months (depending on the target country and other conditions) is possible. Moreover, in this process, not a lot of work is necessary to be done by the investor and the process can be fully implemented by the lawyer. The other important point is the possibility of granting citizenship to the investors ‘ family (spouse and children under 18), and as soon as they receive their stay, they will benefit from the possibility of work and education in the host country. In some countries, there are certain rules or requirements for real estate owners such as the obligatory insurance against fire or earthquake or taxes on property and real estate and … which should be considered before purchasing the property.
It is important to note that in this process the applicant is not usually obliged to reside in the host country during the process and, more importantly, this obtaining residency can be converted into permanent residence and obtaining the citizenship of the host country over the course of 5 – 7 years.
Daadban Law & Immigration Inst. is ready to provide advice and carry out all the stages of buying the estate and obtaining residency for you from different countries.