“Regulation on the Amendment to the Regulation on the Implementation of the Turkish Citizenship Law” published in the Official Gazette 18.09.2018. The minimum amount of property value required for Turkish citizenship of foreigners was increased from 1.000.000 USD to 250.000 USD. The Ministry of Interior clarified that it would open special bureaus for foreigners who would like to obtain citizenship.
250.000 Dollars will be Enough to obtain Turkish Citizenship (Turkish Passport) instead of 1 million Dollars
The rule of the purchase of at least 1 million US Dollars to the title deeds of the property not to be sold for 3 years has also been changed by the regulation. Foreigners who get property in the amount of 250.000 US Dollars will be able to benefit from this right and get Turkish Passport.
Private Offices will be Opened
On the other hand, a commission consisting of representatives of the Ministry of Family, Labor and Social Services, the Ministry of Environment and Urbanization, the Ministry of Treasury and Finance, the Ministry of Industry and Technology will be established within the Ministry of Interior in order to follow the process related to citizenship applications.
You may search the property by yourself help from http://www.sahibinden.com etc. or our authorized real estate agents help you find the best real estate.
You can plan a 3 year investment strategy
- Buy a property with maximum discount from market (currently prices are low because of mortgage interest rates are very high)
- Sell it if you want after 3 years with 35% price growth and 21% total rental income.
- Capital growth on sale + rental income = Totally 56% profit in 3 Years.
Please contact us at email@example.com to apply the Turkish Citizenship.