law@canaydin.av.tr
+90 542 150 43 13 / +90 542 150 13 85
Zeytinburnu / İstanbul / Türkiye

Real Estate LawTurkish Citizenship by InvesmentCHANGE OF THE INVESTMENT AMOUNT REQUIRED TO ACQUIRE TURKISH CITIZENSHIP

With the last amendment, the minimum investment amount required to acquire Turkish citizenship by real-estate investment has been increased from $250.000 to $400.000. The amendment was published in the Official Gazette on 13.05.2022 and this new regulation will be effective as of 13.06.2022.

As of 13.06.2022, foreigners who are planning to purchase real-estate in Turkey in order to become Turkish citizens need to invest at least $400,000 in to acquire Turkish citizenship.

For the foreigners who purchased real-estate before 13.06.2022, this amendment will not be effective if they make their annotation applications until 23:59 on 12.06.2022. This annotation is about giving a commitment not to sell their property they bought for the purpose of acquiring Turkish citizenship for 3 years. However, if the annotation application is made as of 13.06.2022, in that case $400.000 will be taken into account as the minimum investment amount to be eligible to acquire Turkish citizenship.

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Maltepe Mah. Eski Çırpıcı Yolu Sk. No: 8 Parima Ofis Kat: 14 D: 176 Zeytinburnu / İstanbul / Turkey
+90 542 150 43 13 / +90 542 150 13 85
law@canaydin.av.tr

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