08 December 2018 News

New facilities for Turkish citizenship

The Turkish government granted new facilities to those who wish to acquire Turkish citizenship by owning properties in Turkey, according to a new amendment to the conditions of granting of Turkish citizenship. This amendment was published in the Official Newspaper on Friday 7/12/2018.

The amendment states that a foreign investor can acquire Turkish citizenship by buying a property under construction (in incomplete projects), whereas in the previous decision it was limited to the ready to move property only.

However, in this case, the purchase is required to pay the value of the property in cash, at a value not less than 250 thousand US dollars or the equivalent in Turkish currency, where the purchase contract is certified by the notary public

While maintaining the other conditions such as the pledge not to sell the property within three years from the date of purchase of the property.

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