New amendments to the Turkish Citizenship Law 2023
Citizen by Investment

New amendments to the Turkish Citizenship Law 2023

Created: 2023-02-23 Modified: 2024-07-08 Views: 1339 Luxury Signature Admin
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What are the conditions for obtaining Turkish citizenship by purchasing a property in Turkey?

  • Purchasing a property or a group of properties on Turkish lands with a value of at least $400.000.
  • Maintaining the property and not selling it for at least 3 years.
  • The person wishing to buy a property and obtain Turkish citizenship must hold one of the nationalities that are allowed to own and buy real estate in Turkey. This law includes most nationalities except for the following nationalities: Syrian, Armenian, Cuban, Nigerian, and North Korean.

 

Is the Turkish citizenship law subject to amendment and change?

The Turkish citizenship granted by the Turkish government to foreign investors when buying a property in Turkey is exceptional. It is a grant from the Turkish government with the aim of encouraging foreign investment in the country, meaning that this law can be changed or canceled at any time, and it happened previously that the Turkish government changed this law and reduced the minimum amount for obtaining Turkish citizenship in return for real estate investment from $1 million to $250.000 in September of 2018, and then raised the minimum from $250.000 to $400.000 in June of 2022.

 

What are the new amendments to the Turkish Citizenship Law 2023?

The Turkish government has made some amendments to the exceptional Turkish citizenship law through real estate ownership in Turkey, which has been in force since the beginning of the year 2023, which states:

  • It is not possible to apply for Turkish citizenship in the case that real estate is purchased with more than one promise to sell contract. There must be one contract of promise to sell certified by a notary public with a value of 400 thousand dollars to obtain Turkish citizenship, meaning that it is no longer suitable for obtaining Turkish citizenship purchasing a group of real estate under construction in various projects, even if it is worth 400 thousand dollars.
  • It is not possible to apply for Turkish citizenship in the case that two properties have been purchased, one of which is ready for housing with a title deed, and the other is under construction with a promise to sell contract.
  • It is not possible to obtain Turkish citizenship through a transfer title deed, which previously gave the right to apply for Turkish citizenship.
  • It is not possible for several people to participate when buying a property to obtain Turkish citizenship, even if the share of each partner in the value of the property is equal to 400 thousand dollars.
  • A foreign investor who obtained Turkish citizenship through real estate investment cannot sell his property after 3 years to a foreign person with the aim of obtaining Turkish citizenship as well.
  • It is not possible to obtain Turkish citizenship through real estate investment in the case that a property is purchased through a company owned by foreigners, or those who have obtained Turkish citizenship and are foreigners in origin.
  • The property through which Turkish citizenship was obtained cannot be resold to the same company or the same person through whom the property was purchased even after 3 years have passed.

 

Luxury Signature helps you to obtain Turkish citizenship through real estate investment in Turkey within only 3 months, under the supervision of a professional legal team on all procedures and operations, from the first stage until receiving the passport.

Frequently asked questions

What are the conditions for obtaining Turkish citizenship in exchange for buying a property in Turkey?

Buying a real estate or group of real estate on Turkish lands with a value of at least $400.000.
Preserving the property and not selling it for at least 3 years.
The person wishing to buy real estate and obtain Turkish citizenship must hold one of the nationalities that are allowed to own and buy real estate in Turkey. This law includes most nationalities except for the following nationalities: Syrian, Armenian, Cuban, Nigerian, and North Korean.

Is the Turkish citizenship law subject to amendment and change?

The Turkish citizenship granted by the Turkish government to foreign investors in exchange for buying a property in Turkey is exceptional. It is a grant from the Turkish government with the aim of encouraging foreign investment in the country, meaning that this law can be changed or canceled at any time, and it happened previously that the Turkish government changed This law reduced the minimum amount for obtaining Turkish citizenship in exchange for real estate investment from $1 million to $250.000 in September of 2018, and then raised the minimum from $250.000 to $400.000 in June of 2022.

Can Turkish citizenship be withdrawn from people after it has been granted?

Yes, Turkish citizenship can be withdrawn from individuals after it has been granted. According to Turkish citizenship laws, the government has the power to revoke citizenship under certain circumstances, such as:
- If it was obtained by fraud or by providing false information.
- If the person has engaged in activities deemed harmful to national security or Turkish interests.
- If he was sentenced to imprisonment for five years or more for committing a crime.

What are the legal procedures for purchasing property in Turkey?

The legal procedures for purchasing property in Turkey include the following steps:
1. Verification of the title deed (tapu).
2. Verification of the legal status of the property.
3. Obtaining a tax number.
4. Opening a bank account in Turkey.
5. Signing the purchase contract between the buyer and the seller.
6. Receiving the title deed from the Land Registry Office (tapu office).

Can I obtain residency by purchasing property in Turkey?

Yes, foreigners can obtain a residence permit by purchasing property in Turkey. The residence permit is valid for one year and can be renewed.

How long does the property transfer process take?

The property transfer process usually takes from three days to two weeks, depending on the speed of completing the procedures and the availability of the necessary documents.

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