Real estate under construction is now available for Turkish citizenship thanks to investments
To know about the properties under construction now available to Turkish citizens thanks to the investments, we recommend you to read the article.
In accordance with the amendment to the Turkish Citizenship Law published in the official newspaper on December 7, 2018, new convenience is provided to foreigners who want to become Turkish citizens. Foreigners who want to buy real estate under construction can also obtain Turkish citizenship after a regulatory contract with a notary for the sale of real estate and the purchase of real estate worth $ 250,000.
A title deed and an assessment report were required to obtain Turkish citizenship. When clients want to buy property in a project under construction, they lose the chance to obtain citizenship, because the real value of the property is not equal to the value stated in the evaluation report, because the project is not completed. Now this rule has been removed with the new regulation. When buying real estate for a project under construction, a notarized guarantee for the purchase of real estate is enough.
According to a circular published in the official newspaper of Turkey in previous months, the procedure for obtaining Turkish citizenship was facilitated by lowering the limit required for obtaining citizenship. The amount of fixed capital for foreigners entitled to Turkish citizenship has been reduced from $ 2,000,000 to $ 500,000. The amount provided for obtaining Turkish citizenship by purchasing real estate has been reduced from $ 1,000,000 to $ 250,000. The employment limit has been reduced from 100 to 50 people.
Turkish citizenship for notarized acquisition of property
12/07/2018 who wants to get Turkish citizenship. Foreigners who regulate the agreement on the sale of real estate and are required to purchase real estate worth 250,000 US dollars can obtain Turkish citizenship. Notarization of the completion of the contract, according to which the sale is carried out within three years. It’s enough. In addition, you can apply for citizenship.
According to a new decision published in the Turkish official newspaper:
1.Obligation to purchase real estate worth at least 250,000 US dollars.
2.The obligation of ownership must be arranged by a notary public.
3.It must be stated that the obligation will not be sold within 3 years.
The obligation to purchase real estate also applies to projects under construction or unplanned.