Скачать или смотреть Immigration Lawyers in Istanbul, Turkey | Kurucuk & Associates

We are a law firm in Istanbul with English-speaking lawyers specializing in Turkish immigration, from visas to citizenship, naturalization, and more!

Turkey Raises Minimum Property Investment for Citizenship

In a significant development that may shape the landscape of foreign investments, Turkey is set to raise the minimum property investment required for citizenship. The new regulation, scheduled to come into effect at the dawn of the upcoming year, will see the threshold climb from $400,000 to $600,000.

As per the latest developments, the minimum limit for housing sales to foreigners for citizenship purposes is expected to rise to $600,000. This represents a noteworthy increase from the existing $400,000 requirement and is poised to take effect at the beginning of the new year.

For individuals invested in or considering Turkish citizenship, staying informed about these changes is paramount. Regular updates from reliable sources and legal authorities can guide you through the evolving landscape of citizenship requirements.

NOTE: The information disseminated across multiple news platforms is subject to final determination by relevant authorities. The author assumes no responsibility for any potential consequences arising from the information provided.

New Regulations Require Buildings on Purchased Land for Turkish Citizenship as of 12/12/2023

The allure of Turkish citizenship through the investment program has been a beacon for many seeking a new home and opportunities. However, a seismic shift in the regulations, marked by the Official Gazette announcement numbered 32397 on 12/12/2023, has reshaped the landscape. Let's delve into the details of this pivotal change.

Before the recent amendment, aspiring Turkish citizens could secure their status by purchasing land exceeding 400,000 USD, even if it lacked a building. The prospect of owning pristine plots without structures became an attractive pathway to citizenship.

The Game-Changing Amendment
Revised Article 20
The heart of the transformation lies in the amendment to Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law. As of 12/12/2023, the eligibility criteria demand a significant alteration: "property with condominium ownership, construction servitude, or property with a building on the land."

The crux of the matter is that, post-amendment, the absence of a building or construction servitude on the purchased land renders it ineligible for Turkish citizenship. The landscape has shifted, emphasizing the need for a developed property.

Prospective investors and citizenship seekers must now carefully consider the type of property they acquire. The focus is no longer solely on the land itself but extends to the existence of a building or construction servitude.
A New Chapter in Turkish Citizenship

As of 12/12/2023, the Turkish Citizenship Through Investment Program has undergone a significant transformation. The once-viable option of acquiring citizenship through undeveloped land has given way to a more nuanced requirement: the presence of a building or construction servitude. This change not only reshapes the criteria for citizenship but also highlights Turkey's commitment to fostering a sustainable and developed urban landscape. Prospective investors and citizenship seekers should navigate these new waters with careful consideration of the amended regulations, ensuring that their property acquisitions align with the updated eligibility criteria.

Contact the top lawyers in Turkey for Turkish Citizenship Law and consult with Turkish Lawyers with expertise in Turkish Immigration Law and Turkish Citizenship Law.

Contact us for more details! ‪@lawfirmistanbul‬

Kurucuk & Associates Law Firm
Web: https://www.kurucuk.com.tr/
E-mail: [email protected]
Phone: +90 (212) 812 25 00