How to acquire Turkish citizenship by purchasing real estate?

How to acquire Turkish citizenship by purchasing real estate?

Our article on how to become a Turkish citizen by buying a house, how to acquire citizenship by buying real estate, was published by Av. Written by Funda İnal.

Turkish Citizenship Law No. 5901 has introduced regulations regarding the acquisition of Turkish citizenship. Accordingly, “Turkish citizenship is acquired by birth or later”. Turkish citizenship acquired subsequently is realized by the decision of the competent authority or by the use of the right to be adopted or chosen. In addition, according to Article 10 of the same Law, a foreigner who wishes to acquire Turkish citizenship can acquire Turkish citizenship by the decision of the competent authority if he or she meets the conditions specified in this Law.

In recent years, countries have resorted to different ways to maintain economic vitality and attract financial resources. One of them is the granting of citizenship to foreigners, subject to the condition of making an investment. By using investment as a criterion in acquiring citizenship; It is aimed to revive economic activity, to encourage foreign capital, to make more investments in the country, to create employment in that country and to achieve growth targets.

In this context; When TVK m.12/1-b clause and YUKK m.31/1-j clause are evaluated together, not every foreigner who invests in Turkey, but foreigners with a certain scope and amount of investment and their family members listed in the Law. It is understood that within the scope of subparagraph /1-b, he can apply to acquire Turkish citizenship by taking advantage of the exceptional way.

Foreigners who can apply to acquire Turkish citizenship under exceptional circumstances within the framework of Article 12/1-b of TVK with the Regulation on the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law No. 106 dated 18.09.2018 published in the Official Gazette dated 19.09.2018, at least 250,000 American citizens. It is stipulated that he purchases the immovable in dollars or its equivalent in foreign currency or its equivalent in Turkish Lira, provided that an annotation is put in the land registry records that it will not be sold for three years. With the amendment made, the amount of investment has been reduced and it has become easier to obtain Turkish citizenship in an exceptional way.

In addition, in order for foreigners who fulfill the investment requirement within the scope of TVK article 12/1-b to acquire Turkish citizenship in an exceptional way, apart from the official content specified, it is also required that they do not have a situation that will constitute an obstacle in terms of national security and public order, as per article 12 of TVK.

Necessary conditions and necessary documents for the Exceptional Acquisition of Turkish Citizenship;

• Purchasing a property worth at least 400,000 USD with an annotation of not selling for 3 years
• Depositing at least 500,000 USD in the bank, provided that they do not withdraw for 3 years
• Legally employing at least 50 Turkish citizens
• Purchasing government debt instruments worth at least 500,000 USD for 3 years
• To purchase at least USD 500,000 worth of real estate investment fund participation shares and venture capital investment fund participation shares, provided that they are kept for 3 years