Regarding the acquisition of Turkish citizenship by foreign nationals through the acquisition of real estate; The real estate value required to be acquired has been increased from 250,000 US dollars to 400,000 US dollars with the Regulation on the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law published in the Official Gazette numbered 31834 and dated 13 May 2022.
In order to determine the amount stipulated in the law for the purchase of real estate and the application for Turkish citizenship, a real estate valuation report in accordance with the valuation standards of the Capital Markets Board must be prepared by the valuation firms licensed by the Capital Markets Board.
The value in US dollars of the price in the valuation report showing the market fair value of the real estate will be calculated over the effective selling rate or cross rates announced by the Central Bank of the Republic of Turkey on the date of determination. The foreigner who bought the immovable; He will accept and declare that he will not sell this immovable property for 3 years due to the acquisition of Turkish citizenship. The title deed registration will be made after the completion of this whole procedure.
The foreign person who fulfills all the conditions specified in the Regulation and his spouse, if any, and their children under the age of 18 will also acquire Turkish Citizenship. In addition, the children of those who acquire citizenship will be born as Turkish citizens. Citizenship applications of people who apply with false or misleading documents will be suspended and other applications will not be considered even if they have met all the criteria. For the aforementioned reasons, it is important to receive consultancy during the application and evaluation process. Apart from this, the foreigner who buys a house in Turkey will also be entitled to a residence permit that is extended for certain periods for both himself and his family. Children of foreigners who want to obtain citizenship within the scope of a residence permit will have the right to receive education in Turkey, and it will also be easier for foreigners with a residence permit to find a job and for companies to obtain a work permit for foreigners.
As a result, if there is no situation that will constitute an obstacle to national security and public order; Every foreigner who has purchased a property worth at least 400,000 USD, duly, with the annotation that it will not be sold for three years in the land registry, and which is determined by the Ministry of Environment and Urbanization in this way, makes an application to the Presidency within the framework of Article 12 of the Turkish Citizenship Law. If approved, he will be entitled to Turkish citizenship by the decision of the President.
We highly recommend you gain information from law offices instead of using services from consulting offices.