Turkish Citizenship

Getting Turkish citizenship is easier than before, after Ankara announced a package of concessions, reversing stricter decisions issued in early 2017.
After the state issued the new standards, Turkish lawyer Khalil Arslan explained some points in an article published in the Turkish Press site.
Regarding the first item, an investment of US $ 500 thousand or the equivalent of foreign exchange or the Turkish lira, the lawyer said that the Turkish Ministry of Industry and Technology is the party to confirm this requirement.
With regard to the purchase of a property worth $ 250 thousand dollars instead of a million dollars as before, he explained that the property must be purchased after the date of the decision of September 19, 2018, and not be sold within a period of 3 years, and will be confirmed by the Ministry The value of real estate will be calculated from the dollar exchange rate on the date of receipt of the deed of title, not at the date of the contract of sale or purchase at the notary public.

With regard to the deposit of a sum of 500 thousand dollars or equivalent in foreign currencies or the Turkish lira, in banks operating on Turkish territory, he explained that the condition of keeping the amount for 3 years, and will be confirmed by the Turkish Banking Regulatory Commission.
At the point of securing employment opportunities for at least 50 Turkish citizens instead of 100 as in the past, this will be confirmed by the Ministry of Family, Labor and Social Services in the country.
In the article published by Turk Press, the lawyer adds that the facilities provided to Arab investors are not limited to granting Turkish citizenship. There are also a number of other facilities. The Turkish Ministry of the Interior will, in the near future, through the immigration services in Istanbul and other large cities , To provide special services and fast under the name of VIP «Business
With the presidential decree issued on Wednesday, it is very easy for foreign investors to acquire Turkish citizenship. It can be argued that the reason behind the decision was to grant Turkish nationality to Arab investors, whether residing in Turkey or those who wish to live in Turkey.
The question of Arab investors, one of the most points that we stopped and then focused on them during our talks with the Turkish government and Turkish officials, to make this decision. It can therefore be seen as a generosity of the Turkish state towards Arab investors But what does this resolution include and how will it be implemented?
Every foreigner will be able to obtain Turkish citizenship in accordance with paragraph (b) of the first paragraph of article 12 of the said law, but after one of the following conditions is met:

  1. An investment of 500 thousand US dollars or the equivalent of foreign currencies or the Turkish lira, and will be confirmed by the Ministry of Industry and Technology of Turkey.
  2. The purchase of a property worth more than 250 thousand US dollars or the equivalent of foreign currencies or the Turkish lira, but provided that the property is not sold within a period of 3 years, and will be confirmed by the Ministry of Environment and Urban Development of Turkey.
  3. Provide employment opportunities for at least 50 Turkish citizens, and this will be confirmed by the Ministry of Family, Labor and Social Services in the country.
  4. Deposit of a sum of US $ 500 thousand or equivalent in foreign currencies or Turkish lira in banks operating on Turkish territory, provided that it is maintained for three years, and will be confirmed by the Turkish Banking Regulatory Commission.
  5. Purchase through state borrowing instruments of US $ 500 thousand or the equivalent of foreign exchange or Turkish lira, and will be confirmed by the Treasury and Finance.

In other words, more applications for Turkish citizenship can be expected in the next phase, particularly through real estate investments. While previously required for the acquisition of Turkish citizenship, the purchase of real estate worth one million dollars, the amount was reduced to 250 thousand US dollars, provided that the property was purchased after the date of the decision 19.09.2018 and not be sold during the period of 3 Years.

However, there are some legal and technical points to be noticed by investors wishing to acquire Turkish citizenship through the purchase of real estate. These conditions are not derived from the law of nationality, but from other laws.

I would like to point to an important point between all the above conditions, namely that it is not necessary to have a $ 250,000 property purchase for one property; rather, the value of the property is more than $ 250,000.

And the calculation of the value of the property at what exchange rate will be calculated?
Although this subject contains a lot of technical details, we can generally say as a rule that the property value will be calculated from the dollar exchange rate on the day the document of title is received, not at the date of the contract of sale or purchase at the notary public.
According to the new decree, investors who have set up a company or factory and provide employment opportunities for 50 Turkish citizens are entitled to Turkish citizenship, having previously been required to employ 100 citizens.
The decision gives another option to people who do not want to buy a property or create a company that provides employment for 50 Turkish citizens and wish to acquire Turkish citizenship by depositing at least $ 500,000 in a Turkish bank, 3 years.
A person who has made a fixed investment of at least US $ 500,000 is entitled to Turkish citizenship.
The facilities provided to Arab investors are not limited to Turkish citizenship, but there are a number of other facilities. In the near future

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