Turkish Citizenship Requirements Update: Ogenus Property Guides You Through the Changes
April 12, 2022
In a significant development announced during the Presidential Cabinet meeting on April 12, 2022, the minimum real estate purchase value for Turkish citizenship applications is set to undergo a substantial increase—from $250,000 to $400,000.
This decision marks a shift from the 2018 regulations that had initially reduced the minimum real estate purchase limit to $250,000, presenting an attractive option for obtaining Turkish citizenship through property investment, compared to the previous requirement of $500,000.
New Arrangements in Turkish Citizenship Law:
The discussions during the Cabinet Meeting have resulted in pivotal changes to the conditions for obtaining Turkish Citizenship. The minimum real estate value is now raised to $400,000 or an equivalent amount in a foreign currency, such as USD or EURO.
Ogenus Property, a trusted partner in the Turkish real estate market, is well-equipped to guide you through these changes. With a deep understanding of the industry and a commitment to providing exceptional service, Ogenus Property ensures that clients receive the necessary support to navigate the evolving landscape of Turkish citizenship requirements.
Foreigners aspiring to become Turkish citizens are now required to make a property purchase of at least $400,000. Additionally, there is a condition mandating the submission of an annotation, explicitly stating that the purchased property cannot be transferred to another person for a minimum period of three years.
Changes in the Regulation on the Implementation of the Turkish Citizenship Law:
In light of the new conditions set forth, adjustments will be made in the Regulation on the Implementation of the Turkish Citizenship Law. Ogenus Property is dedicated to staying abreast of these regulatory changes, ensuring that clients receive accurate and up-to-date information to facilitate their citizenship application process.
The decisions made during the Presidential Cabinet meeting are expected to be officially announced in the Official Gazette in the coming days. Ogenus Property remains committed to providing comprehensive assistance and guidance as you navigate these updates and work towards fulfilling your aspirations of Turkish citizenship through property investment.
