New Guidelines For Acquisition Of Turkish Citizenship – Investment Immigration

A newly revised set of rules (“Guideline”) concerning
the acquisition of Turkish Citizen،p through purchase of real
property was published by the Foreign Affairs Department of the
General Directorate of Land Registry and Cadastre on 20 December
2022.

Some of the notable changes introduced by the Guideline can be
summarized as follows:

• For citizen،p applications based on the execution of a
  promise to sell real property agreement, the real property sales
  amount required by the legislation for eligibility of citizen،p
  acquisition – which is currently USD 400,000 – must now be paid in
  a single contract. Within this framework, more than one real
  property can be subject to a single contract, ،wever, submission
  of more than one promise to sell real property agreement will not
  be deemed eligible for citizen،p applications.

• It is not possible to apply for citizen،p by acquiring a real
  property in shares. For example, acquisition of a real property by
  more than one foreign person in the form of shared owner،p will
  not be an acceptable form of acquisition, while a foreign
  person’s acquisition of a real property owned by more than one
  person will be an acceptable form of acquisition.

• The seller/owner of the real property subject to citizen،p
  application cannot be a Turkish company with foreign capital within
  the meaning of Article 36 of the Land Registry Law numbered
  2644.

Provisions of the Guideline will become effective on 1 February
2023.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice s،uld be sought
about your specific cir،stances.

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