Citizenship In Return For Ownership Contract: Significant Amendment to the Turkish Nationality Law
In the context of a new amendment directly affecting the interest of anyone wishing to invest or own properties in Turkey, the Turkish Official Gazette published a new amendment to the terms of granting Turkish citizenship to foreigners in for buying a property.
According to the new amendment published in the Official Gazette on Friday 06/12/2018, a foreigner can apply for Turkish citizenship by buying a property that is under construction, after it was limited to complete of ready properties only!
The foreigner is required not to sell the property he buys within 3 years and to pledge to the Real Estate Registry Department not to transfer his ownership to other persons during the said period. The following is a copy of the decision published in the Official Gazette.