In Favor of upgrading the real estate sector in Turkey, Turkish President Recep Tayyip Erdogan signed a statement of amendment over the new Turkish citizenship law provided to foreign investors allowing them to obtain Turkish citizenship in return for a property contract so that the foreigner can apply for Turkish citizenship by purchasing a property under construction after it was limited to move-in ready real estate.
The following is a picture of the decision with translation:
Decision No. 418 regarding granting Turkish citizenship
The decision was issued in accordance with Article 46 of the Turkish Nationality Law, No. 5901, regarding the amendment of the decree applied within the law mentioned below, related to the granting of Turkish citizenship, and comes in force immediately.
6 December 2018
Recep Tayyip Erdogan
President of the Republic
The new law to grant property-Based Turkish citizenship
Article No. 1- A phrase has been added to Clause (b) of the second paragraph of the decree related to the application of the Turkish Citizenship and Entry Law in the implementation space according to the decision issued by the Council of Ministers on 02/11/2010 No. 139/2010, by adding a phrase after the phrase "which He bought it ", which is the phrase" either it is a complete title deed or a conformity bond ", whereby the price of the property is paid in cash at a value of no less than 250 thousand US dollars or the equivalent of this amount in Turkish pounds, and a contract promising to sell is organized with the notary and an explanation Additional to the real estate title deed showing that the property cannot be sold or transferred to another party for a period of three years.
Article No. 2- This decree shall enter into force from the date of its publication.
Article No. 3- The President of the Republic shall implement the provisions of this decree.
