After updating the decision on naturalizing investors in Turkish real estate, and reducing the amount to real estate worth 250 thousand dollars, explanations and details of the mechanism for implementing the decision follow successively.
At the outset, we reiterate that the person who buys the property or real estate within the value stipulated by law, will be able to apply for Turkish citizenship immediately upon purchasing the property, and when buying the property, he must specify a specific condition in the title deed that states not to sell the property for three years.
Important details regarding Turkish citizenship for real estate owners:
Without this condition, the property owner will not be able to apply for Turkish citizenship.
-An important point for anyone who owns before the issuance of the naturalization decision and wants to benefit from this decision, he must resell and buy the property, and put the previous condition of not selling in the new contract to be able to benefit from the right to apply for citizenship.
-The mechanism of submission is in person, or through an authorized person in the event that the person is not free, and this point is for the sake of facilitation.
-The period during which the investor obtains citizenship is within 3 months from the date of submission.
-Only the head of the family (the applicant), the wife and children under the age of 18 can receive it.
-Children over 18 years old are considered adults and must be submitted separately.
-The purchase is not made in dollars, but the sale of real estate in Turkey was originally determined in Turkish lira.
-The pricing of the property is based on the exchange rate of the Turkish lira against the dollar at the time of application.
-The evaluation of the property is carried out by a specialized body to ensure that the price recorded in the title deed is real and not exaggerated.
-In the case of polygamy, not all wives obtain citizenship because Turkey follows the European system of legislation.
-Children of all wives are granted citizenship through a certain mechanism.
-The law is being finalized within the next short period.
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