: 2018-10-26
: 3653
Recently, the Ministry of Environment and Cities of Turkey has issued the executive regulations on the law of granting Turkish citizenship, and the new law has included important amendments to obtain Turkish citizenship including the granting of Turkish citizenship for buying a property worth $ 250 thousand dollars, after it was $ 1 million in the previous resolution.
The following are the most important questions that have been dealt with in this regard, and their exact answers in accordance with the Turkish Nationality Law and its Executive Regulations published on 15/10/2018.
Yes, the foreigner can obtain Turkish nationality in several ways, including buying a property in Turkey, provided that the purchase of the property should be after the date 12/1/2017.
The property purchased between 12/01/2017 and 18/09/2018 must be at least US $ 1 million.
Property purchased on 19/09/2018 and thereafter must be at least US $ 250 thousand.
The property value evaluation report must be obtained, provided that it has been certified by the accredited institutions of the Turkish government.
The preparation date of the property evaluation report must not exceed 3 months from the date of the application; the report is valid until the completion of the procedure for applying for Turkish citizenship.
The value of the property registered in the title deed cannot be lower than the value recorded in the valuation report. If there is a difference between the two values, the property will be rejected for Turkish citizenship.
The exchange rate of the dollar will be calculated according to the official price at the date of purchase, according to the CBK price bulletin.
It cannot be done at all, but the value of the property must be slightly higher than the amount specified in the Regulations so that the progress of the Turkish citizenship process will proceed properly.
This cannot be done, all financial payments from the buyer to the seller must be under-documented bank transfers issued from the buyer's account to the seller's account.
You will be asked to provide transfer receipts that confirm bank transfers between buyer and seller, from the sending bank and from the receiving bank.
The property cannot be purchased from a foreigner. You must buy the property from a Turkish person or a Turkish company. Properties purchased from foreigners will not help you apply for Turkish citizenship.
No, it is not right to sell or renounce a property and then re-buy it after the date 12-01-2017 even if it is from the wife or a child, and will not entitle you to apply for Turkish citizenship no matter what the value of the property is.
The amounts paid will be calculated only from the value of the property, and if there are installments or mortgage, unpaid amounts will not be calculated. Therefore, the installments paid must exceed $ 250,000 so that you can apply for Turkish citizenship for a property purchased in installments.
No, the property can only be sold after 3 years from the date of purchase. You must write a pledge in the title deed not to sell the property for 3 years.
Yes, wife and children under 18 years of age get Turkish citizenship when applying in the same file of the property owner.
Yes, it is possible to buy several properties, provided that the papers of all the properties together, and the total value of more than 250 thousand dollars at the date of submission of the application.
The Turkish government shall study the file of each investor. Based on the security study of his file, the decision to grant citizenship shall be taken independently of each request. The decision shall be issued in case of approval by the Presidency of the Republic.
Yes, you can buy any property you choose on the condition that it exceeds $ 250,000, be it an apartment, villa, commercial store or any other property in Turkey.
45 days is the period specified for the completion of procedures for obtaining Turkish citizenship, from the beginning of the procedures, ie the delivery of the required documents in full to the Turkish government, and until the signature by the President of the Republic who has the authority to approve the granting of Turkish nationality.
If the date of purchase of the property before 12/01/2017 you cannot apply for Turkish citizenship.
If the date of purchase after 12/01/2017 until 18/09/2018 the property must be at least USD 1 million.
If the date of purchase after 19/09/2018 it must be at least USD 250 thousand.
Since the Syrian nationality holders cannot own real estate in Turkey at present, so the Syrian cannot obtain citizenship for a real estate investment, but he can benefit from the other options mentioned in this law to obtain Turkish citizenship:
If you got Turkish citizenship after the age of 22, you will be exempted from military service in Turkey.
You can submit a separate file for each son of 18 years to obtain Turkish citizenship in return for a real estate investment, and the same conditions must be applied in full.
Yes, you can certainly maintain both citizenships, there are no requirements for the renunciation of your original nationality when you get Turkish citizenship.
Yes, you can do an agency at the Turkish Embassy in your country, or at the Notary Public in Turkey, for any person you choose to follow up the proceedings on your behalf.
Edited by: Imtilak Real Estate ©
: 3653
