A new Turkish citizenship law was issued, providing for the amendment of the previous law, which allows to apply for Turkish citizenship according to one of the following conditions: - Buying real estate worth more than 250 thousand US dollars, instead of one million dollars in the old law. - An investment in fixed assets of $500,000 or more. - Employing at least 50 Turkish citizens, instead of the previous 100 Turkish citizens. - A bank deposit of $500,000 or more, instead of $3,000,000 in the previous law.
The Turkish Naturalization Law was issued on 09-19-2018, which allows the possibility of applying for exceptional Turkish citizenship in return for investment as follows: - Real estate investment worth more than 250 thousand US dollars with a pledge not to sell the property for 3 years. - An investment in fixed assets in Turkey of at least $500,000. - Employing at least 50 Turkish citizens. - A financial deposit in a Turkish bank of at least $500,000.
Real estate in Turkey worth more than $250,000 must be purchased in order for the buyer to obtain the right to apply for Turkish citizenship, provided that the date of purchase is after 09-19-2018. If the date of purchase is between 01-12-2017 and 09-18-2018, the value of the real estate must be one million US dollars.
An investor who has purchased real estate in Turkey with a specific value can apply for Turkish citizenship, provided that the purchase of real estate in Turkey took place after 01-12-2017.
The naturalization decision is issued after 45 days of submitting all the required papers to the Investment Office of the Presidency of the Republic of Turkey. But it may take a longer period during the preparation and processing of the necessary documents from your country and attestation in Turkey, and the total period usually reaches 90 days.
Thank you very much (Realty Spot), thank you very much Mr. (Ibrahim Bilal), the real estate expert, a very cooperative company that chooses the best for its clients, pioneers in real estate who care more about quality than quantity.
Dr. Abdul Karim Al TurkiClient
Praise be to Allah, my family and I took Turkish citizenship through real estate ownership, and now the prices of apartments have doubled to more than 30% of their price at the time of purchase.
Mrs. Nahla Al-KhatibClient
Don't miss our latest and greatest real estate projects, subscribe now!