OFFICE +90 212 255 33 55 MOBILE +90 535 480 80 80

My Favorites ( 0 )
View My Favourite Properties

New and Flexible Conditions to Get Turkish Citizenship

New and Flexible Conditions to Get Turkish CitizenshipNew and flexible conditions for foreigners to obtain Turkish citizenship were passed in Parliament. With the decision published on 19.09.2018 on the Turkish Official Gazette, The law on obtaining Turkish citizenship for foreign investors has changed.

As this law is declared by Turkish President just yesterday, we expect the new decrees and instructions at Immigration Directorate, Land Registry and Cadastre General Directorate and Ministry of Interior Affairs and Tax Office. All instruction of new citizenship rules will be clear within a few weeks. We advise you to sign up for the newsletter to get updates evenly to your e-mail.

According to the amendments, foreigners who bought real estate worth at least 250.000 USD or have a fixed capital investment worth at least 500.000 USD will be able to obtain Turkish citizenship immediately.

The fixed capital amount for foreigners to be entitled to Turkish citizenship fell from 2.000.000 USD to 500.000 USD. - The amount envisaged obtaining Turkish citizenship through the property purchasing fell from 1.000.000 USD to 250.000 USD. - The employment limit fell from 100 to 50 people.

According to the new conditions published in the Turkish Official Gazette;

Foreigners who,

• Buying 250.000 USD property with the condition of not selling at least 3 years,
• Investing in fixed capital in Turkey at least 500.000 USD,
• Opening a bank account of at least 500.000 USD in banks operating in Turkey and keep this money in this bank for at least 3 years,
• Documenting that at least 50 people are employed in a Turkish company owned by the foreigner,

may obtain directly Turkish citizenship.

Further Reading: If you want to get a Turkish citizenship, this article has some helpful hints and tips.

Real Estate News 21.8.2020
Top Home Features Today's Buyers Want The Most
10.8.2020
Explore Turkish Realty Magazine is Published by GIGDER!
28.7.2020
Safe Vacation in Turkey During Covid-19
14.7.2020
New Era in the Turkish Real Estate Market After COVID 19
4.7.2020
Buying a Car and Traveling to Turkey by Road
26.6.2020
We United All Our Brands with Tekçe Overseas Gayrimenkul AŞ
17.6.2020
Global Flights Start to Turkey
19.5.2020
Turkey Reveals 4-Stage COVID-19 Normalization Plan
READ ALL NEWS
GO TO
TOP