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Turkish citizenship for real estate owners under construction

Turkish citizenship for real estate owners under construction
Publication date: 2018-12-08 Category: Tax & Legal

On Friday, 08/12/2018 the Turkish Official Gazette published the provision of law in reference to amending the conditions of obtaining the Turkish Naturalization in exchange for buying a property that is under construction in Turkey.

The previous provision underlined that foreigners can obtain the Turkish Citizenship if they seek to buy a property that is ready for housing but now the laws have been amended and foreigners can obtain the Citizenship in exchange of buying a property that is under construction under the condition that the property must not be less than $250.000 or what equals that in Turkish Lira where payments are out of the agreement and not accepted as part of this provision.

Moreover, the owner must pledge not to sell the property before three years of buying it.


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