Turkish citizenship in exchange for a property of $400,000 instead of $250,000 | The decision was officially issued

A presidential decision to raise the value of Turkish citizenship in return for owning a property to $400,000 instead of $250,000 and a deadline for its implementation was given until June 13, according to the decision in the Official Gazette.

Turkish citizenship in exchange for a property of $400,000 instead of $250,000 | The decision was officially issued
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2022-05-13 Last update 2022-05-16

Turkish citizenship in exchange for a property of $400,000 instead of $250,000 | The decision was officially issued

After leaking information about the decision to raise the value of real estate investment in exchange for Turkish citizenship, and a lot of anticipation about its executive regulations, today, on May 13, 2022, the presidential decree issued by the President of the Republic was issued by the Official Gazette, which Imtilak Real Estate brought and translated for you from its source.

The decision to amend the value of real estate investment to $400,000 in exchange for Turkish citizenship

The decision issued by the Official Gazette today dealt with the amendment of the law on obtaining exceptional Turkish citizenship by purchasing a property to become worth $400,000 instead of $250,000.

The new law will enter into force on June 13.

Until this date, the old system will be implemented by approving the value of $250,000 for the property eligible for Turkish citizenship.

Translation of the decision to amend the value of the property suitable for Turkish citizenship

A translation of the decision issued in the Official Gazette reads as follows:

«Official Gazette Issue 31834, dated Friday 13/05/2022

Resolution No.: 5554

The decision was taken to implement the implementing regulations regarding a change to the implementing regulations for the implementation of the Turkish Nationality Law pursuant to Article 46 of the Turkish Nationality Law No. 5901.

Turkish citizenship

The executive regulations relating to a change in the executive regulations for the implementation of the Turkish Nationality Law:

Article 1: The phrase $400,000 shall be replaced by the phrase $250,000, which is contained in Clause b of Article 20 of the Executive Regulations relating to the implementation of the Turkish Citizenship Law, which entered into force by Cabinet Decision No. 2010/139 dated 11/2/2010.

Article 1 shall enter into force one month after its publication in the Official Gazette”.

The stages that the real estate ownership law has gone through in exchange for Turkish citizenship

The decision to own property leading to Turkish citizenship has passed through several stages from the date of its first issuance to today:

  • The first decision in 2017, allows obtaining Turkish citizenship in exchange for owning a property worth "$1 million", or its equivalent in local currency or hard currencies.
  • The amendment to the decision in 2018, according to which the specified value of the real estate investment leading to Turkish citizenship was reduced to “$250,000 or its equivalent” provided that the property is not sold or transferred to another party for a period of three years.
  • The last amendment we are about, according to which the value of the property leading to Turkish citizenship was raised to "$400,000 or its equivalent".

An opportunity to benefit from the Turkish citizenship decision in return for owning a property of $250,000

It is also useful to refer to the time limit available in the decision issued today before its implementation, which may open the way for those wishing to benefit from the previous law.

The deadline for implementing the decision to raise the value of the property to $400,000 instead of $250,000 was set on June 23, 2022, which constitutes an opportunity that’s not compensated for a full month for investors wishing to benefit from the available period before implementing the last decision.

Imtilak Real Estate company calls upon its customers who have a desire to obtain Turkish citizenship to quickly seize the time before the date specified above.

الجنسية التركية انجليزي الجنسية التركية انجليزي

Edited by Imtilak Real Estate ©

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