Acquisition of Real Estate by Foreigners in Turkey and Acquisition of Turkish Citizenship in this Way

The institution of "citizenship to the investor" has lately been accepted in Turkish law and the acquisition of Turkish citizenship, especially through the acquisition of real estate, has begun to be widely practiced.

Pursuant to article 12(1)(b) of the Turkish Citizenship Law, within the scope of article 20 of the Regulation on the Implementation of the Turkish Citizenship Law, a real estate value at least USD 250.000 (or equivalent in foreign currency) is purchased or folded, provided that it is not sold for three years. In case of property or construction servitude, a foreign person can acquire Turkish citizenship. Turkish citizenship can also be acquired if the same amount is paid in advance and a real estate sales promise contract is made.

The purchase of real estate by foreigners in Turkey is regulated in the Land Registry Law and special conditions have been introduced in this regard. It is important to comply with the restrictions such as the amount limitation in the acquisition of real estate by foreigners. Similarly, the acquisition of Turkish citizenship following the acquisition of real estate requires the completion of a series of procedures. It is possible for the foreign person to acquire Turkish citizenship in this way, as well as his spouse and children.

It is of great importance that the process of acquiring real estate is carried out in accordance with the law and that a valid purchase is completed and that the acquisition of Turkish citizenship is followed with a professional approach.

Erturan Şit Köşgeroğlu Law Firm handles the process of acquiring real estate and acquiring Turkish citizenship by foreigners with a professional meticulous approach and years of experience.