Updated Turkish citizenship guide. The Turkish government has set new conditions for investment-based applications for Turkish citizenship. The recent Turkish Citizenship Law amendment aims to stop the exploitation by investment programs of the vague areas around Turkish citizenship. This new regulation changes the requirements for real estate investments.
The fundamental requirements for Turkey’s citizenship via investment are the same. There are additional requirements for purchasing property in Turkey or citizenship acquisition.
What has changed in Turkey’s citizenship program, and what has not?
The application fee does not change the total amount that must be invested. Real estate investment is the best way to obtain Turkish citizenship. Property must be at least 400.000 dollars. Additional requirements regarding the types of properties acceptable for citizenship applications exist. These are the new requirements.
* You don’t need to invest a minimum amount in one property. It is possible to apply for multiple properties with a total value of 400.000 USD.
However, if the purchase is made under an agreement to buy, only one contract should be entered into. Multiple deals cannot be used to create the application.
Property from different projects cannot be sold under the same agreement to buy. To apply, one property or multiple properties from the same project should be purchased through a single agreement to buy.
For citizenship applications, residential properties, commercial properties, and plots can all be used. The title deeds and floor easements must be attached to the residential properties used for the application. This means timeshare properties cannot be used to apply for Turkish citizenship.
* Only citizenship applications with specific circumstances can use shared ownership deeds. It is impossible to apply for citizenship by purchasing a share or part of a property with a shared ownership deed. This means that only one foreigner may use one property deed for citizenship.
Foreigners cannot apply for citizenship by joint ownership. A foreigner can apply to become a citizen by purchasing all of the shares in a property or properties previously subject to a shared ownership deed.
When will these new requirements for Turkish citizenship be effective?
These new regulations will take effect on January 1, 2023. The previously established requirements will be considered for the assessment of citizenship applications received up to 12 pm on December 31, 2022.
To save time and avoid problems, however, it is always better to consult an expert for each case. To get the correct information, call our experts.