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Turkish Citizenship will be increased from 250k to 400K USD:

The real estate value to be purchased for exceptional Turkish citizenship will be increased from 250 thousand to 400 thousand dollars.

Exceptionally, the value of the real estate that must be purchased in order to apply for Turkish citizenship will be increased from 250 thousand dollars to 400 thousand dollars.

 

Turkish citizenship,

 

According to the information received, yesterday, the Presidential Cabinet chaired by President Recep Tayyip Erdoğan discussed increasing the value of the real estate that must be purchased for exceptional,

At the Cabinet Meeting, it was decided to increase the value of the real estate to be purchased for the application for exceptional Turkish citizenship from 250 thousand dollars to 400 thousand dollars,

Within the scope of this decision, it is envisaged to amend the “b” clause of the second paragraph of the 20th article of the Regulation on the Implementation of the Turkish Citizenship Law, which contains exceptional provisions regarding the acquisition of, Turkish citizenship.

With the entry into force of this amendment by being published in the Official Gazette in the following days, those who purchased the immovable property worth at least 400 thousand USD or equivalent in foreign currency, provided that an annotation is put in the title deed records that it will not be sold for 3 years, and a condominium or construction servitude has been established, at least 400 thousand USD or equivalent in foreign currency. Those whose amount is deposited in cash and determined by the Ministry of Environment, Urbanization and Climate Change, to which the sale of the immovable has been promised, with a contract drawn up in the notary, provided that the undertaking is not to be transferred or canceled for a period of 3 years is annotated in the land registry, will be able to acquire, Turkish citizenship, by the decision of the President.

 

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