|Date:||Thursday, April 14, 2022|
Turkish law allows several ways to obtain Turkish citizenship, including real estate investment and.
Turkey raises the value of the property for citizenship to 400 thousand dollars
Turkish law provides several ways to obtain Turkish citizenship, including real estate investment, whose value, according to the new amendment, has become 400,000 US dollars.
Increasing the value of real estate that must be purchased to obtain exceptional Turkish citizenship was discussed at Tuesday's cabinet meeting chaired by President Recep Tayyip Erdogan.
At the meeting, it was decided to increase the value of real estate that those wishing to obtain exceptional Turkish citizenship must purchase.
The amount of the increase came from $250,000 to $400,000
To meet the conditions, the purchased property must have an annotation in the title deed that it will not be sold or transferred for 3 years, citing the Turkish website TRT HABER.
It is necessary to obtain a document from a notary public stating this
If the Turkish Ministry of Environment decides to fulfill the conditions, the applicants will be able to obtain Turkish citizenship by a republican decision.
It is expected that amendments will be made to the executive regulations of the Turkish Nationality Law.
Also, this amendment is scheduled to enter into force by publishing it in the Official Gazette in the coming days.
Several amendments have been made to the laws granting Turkish citizenship to foreigners since 2017, and the ways to obtain citizenship are summarized in four ways.
First, residence for the purpose of work continuously for a period of 5 years,
And secondly, by marrying a Turkish citizen.
As for the third method, it is the exceptional way in which citizenship is granted in very special cases.
The fourth method is economic investment, with an amount of at least $400,000, for a period of at least 3 years, according to the new amendment.
The economic investment method stems from direct investment, the employment of Turks, as well as bank deposits, and real estate ownership.
The latest modifications were the purchase of an unfinished property under construction, through a mortgage contract for at least 3 years.
Through these legal methods, the Turkish government sets a prerequisite, which is that applicants for citizenship are not associated with any organizations designated as terrorist in Turkey that undermine the security, sovereignty, independence and unity of the country.
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