Amendments To The Turkish Citizenship Law 2023 Foreigners In Return For Buying A Property
The amendments to the exceptional Turkish citizenship law in exchange for real estate ownership, which came into effect at the beginning of the year 2023, have become effective and a fact that cannot be ignored. In this article submitted by Ebla Real Estate, we will mention the most important items that have been amended to
Introduction:
Turkish citizenship in exchange for buying a property is an exceptional nationality in the sense that it is possible at any time to add or cancel amendments to the Turkish Nationality Law because it is not part of the constitution as some think and that it is not easy to change the constitution as it is known .. as it needs the approval of the majority of Parliament .. Anyone who follows real estate affairs knows that in the year 2018.. the value of the property was reduced to obtain Turkish citizenship from one million dollars to 250 thousand dollars.. and work continued until June of the year 2022, when the Turkish citizenship law was amended in return for the purchase of the property up to 400 thousand dollars.
Obtaining Turkish Citizenship:
Turkish citizenship in exchange for buying a property does not require any additional costs, only buying a property with the minimum amount applied by the Turkish government, which is 400 thousand dollars.. so that Turkish citizenship is granted within a maximum period of four months, provided that the property is not sold for a period of three years. This is considered one of the best ways to obtain Turkish citizenship, as it achieves a financial return from the investment of the property during the three years, in addition to the increase in the price of the property during this period.
The Most Important Amendments To The Turkish Nationality Law:
The amendments to the Turkish Nationality Law for the year 2023, which came into effect at the beginning of the year, included several main points that we will mention:
Amendment To The System On Contracts:
The sales contracts must be signed after the initial real estate purchase agreement certified by the notary or notary with only one contract..as it is not possible to apply for Turkish citizenship even if the value of the real estate is more than 400 thousand dollars. If the property was purchased for more than Contract of sale.
Amendment To The Title Deed:
The right to obtain Turkish citizenship through the title deed or title transfer deed known as dever mülk was abolished . Which previously granted the right to Turkish citizenship.
Cancellation Of The Class Title Deed:
The quota title, or what means a joint or undivided title, which is called HİSSELİ TAPU in Turkish and is in force in Turkey. In the past, you could buy a property with several people and obtain Turkish citizenship if the condition of $400,000 for each partner was met.
Buying Real Estate From Foreign Companies:
In the amendments to the Turkish Nationality Law for the year 2023.. it became not possible to apply for Turkish citizenship in the event of buying a property from a company owned by foreigners or foreigners who have Turkish citizenship. It is also not possible to sell the property through which Turkish citizenship was obtained to another person to obtain citizenship. In addition, the property through which Turkish citizenship was obtained cannot be resold to the same company or to the person from whom the property was purchased even after three years. And that the property is not owned by a foreign person in the last three years, even if he obtained Turkish citizenship.
Relative Relation:
In the event that you want to obtain Turkish citizenship through owning a property, the amendments to the new Turkish citizenship law have shown that it requires that there be no kinship between the seller and the buyer, even if they are of Turkish origin.
These were the most important points that were mentioned in the amendments to the new Turkish Nationality Law for the year 2023, which can be changed or even cancel the granting of Turkish citizenship in exchange for real estate at any time without restriction or condition
