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Latest News of Turkish Citizenship

Jul 1, 2021
Phoenix Team

As a result of the constant change of laws and renewed procedures, especially concerning obtaining Turkish citizenship, we present this article from the Phoenix City Home Company to keep you updated on the latest news of Turkish citizenship.

Latest News of Turkish Citizenship

As a result of the constant change of laws and renewed procedures, especially concerning obtaining Turkish citizenship, we present this article from the Phoenix City Home Company to keep you updated on the latest news of Turkish citizenship.

The latest developments in the Turkish Citizenship law:

The Turkish Citizenship Act of 11-2-2010 is one of the most widespread laws due to its golden opportunities to obtain Turkish citizenship.

The Basic Law stipulated that foreigners would be granted Turkish citizenship under one of the following conditions:

- Owning a property worth USD 1 million, with a pledge not to transfer ownership for three years.

- Depositing $3 million in a Turkish bank for three years with the approval of the General Authority for Banking Supervision.

-Investment in Turkey worth $2 million documented by the Turkish Ministry of Economy.

-Providing employment opportunities for 100 Turkish citizens with the approval of the Ministry of Labor and Social Affairs.

- The use of government lending instruments to buy what is worth $3 million for three years with the approval of the General Advisory Council of the Turkish Treasury.

Latest news for Turkish citizenship for investors:

However, this law lasted only a few years until the new amendments came in 2018 issued number 5901, so what did they carry? Foreigners inside or outside Turkey are entitled to apply for Turkish citizenship under one of the following conditions.

- Real estate ownership: The value of ownership of the property has been reduced from US$1 million to a quarter of a million US Dollars or its equivalent in Turkish lira at the time of purchase while maintaining the requirement not to transfer the property for three years.

- Bank deposit: Depositing half a million dollars in a Turkish bank instead of three million qualifies the investor for Turkish citizenship following the latest amendments provided that the amount is not withdrawn for three years.

-Investment: Investing in a Turkish project or buying 500,000 in government bonds.

-Providing employment opportunities for at least 50 Turkish citizens.

These amendments have been widespread among investors who want to obtain a Turkish passport because of its strength and many advantages.

The latest news on Turkish citizenship in other ways:

Investment is not the only way to obtain Turkish citizenship according to Turkish law, there are other ways to qualify the foreigner to obtain citizenship, the most important of which are:

Marriage to a Turkish person, three years after this marriage, the other party is entitled to apply for Turkish citizenship.

- There is real proof of a person's lineage of Turkish origin, by submitting an Ottoman document or proof of his affiliation with a Turkish family.

-Residence in Turkey with an official work permit for five years or more.

- Exceptional nationalities are granted exceptionally especially to those who have competencies and experience in the scientific fields or distinguished persons who have proven their loyalty and work to the Turkish state.

The latest news on Turkish citizenship for Syrians:

There are some exceptions and conditions set by the Turkish government on the methods of obtaining Turkish citizenship after the amendment, including excluding Syrians from the process of obtaining Turkish citizenship through real estate ownership, but the remaining conditions of investing, depositing money, or providing employment opportunities for Turks are also applicable to Syrians, so the Holder of Syrian nationality can obtain Turkish citizenship through one of the previous methods and thus can easily own real estate.

These are the most important emerging points of Turkish citizenship, if you want to get a closer look at the real estate projects that qualify you to get Turkish Citizenship you can contact us.

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Istanbul Properties, Turkish Citizenship, Phoenix City Home, Turkey Properties

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Property management in Turkey Istanbul properties Turkish citizenship Turkey properties Turkey real estate Home for sale in turkey

Latest News of Turkish Citizenship

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