APPLICATION OF TURKISH CITIZENSHIP WITH THE REAL ESTATE INVESTMENT

The most preferred and demanding way for the acquisition of Turkish Citizenship by means of investment is the acquisition of real estate for those who purchase the immovable property at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and attached annotation at land registration not to sell this property for three years and for whom a certificate of conformity is issued by the Ministry of Environment and Urbanization,”.

On condition that compliance with the restrictions stated in Turkish regulations; foreign nationals can buy any immovable property such as offices, houses, lands. In this context, in order to determine the amount of 250.000 USD of immovable property, a valuation report is needed.

In the formal deed to be issued, it should be noted that “the foreign natural person commits that he buys the real estate to acquire the Turkish Citizenship and not to sell the immovable for a period of 3 years within the scope of the secondary regulation.”

Finally, with the recent amendment in the legislation those who purchase the immovable property whose condominium or floor easement is established, with the value of at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira paid in cash in advance of the sale of the contract held by the notary public and attach annotation at land registration not to sell or transfer this property for three years shall be also able to acquire Turkish Citizenship through a real estate investment in Turkey.

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