Officially: Raising the Financial Value of Real Estate Investment Eligible for Turkish Citizenship

The Turkish official newspaper on Friday morning issue, June 13, published details of the decision to modify the financial value of properties eligible for Turkish citizenship for foreign investors.

The amendment began in its official nature after Turkish President Recep Tayyip Erdogan signed the resolution and was published in the state newspaper, where the resolution raised the financial value of properties eligible for Turkish citizenship from $250,000 to $400,000.

Details published in the newspaper said the decision would be introduced on June 13.

The text in the legal translation of the decision issued and published in the Official newspaper was as follows:

« Official Newspaper Issue 31834 Date Friday 13/05/2022

Resolution No. 5554

The decision was taken to implement the executive regulations on a change in the executive regulations on the application of the Turkish Nationality Act under Article 46 of the Turkish Citizenship Act no. 5901.

The executive regulations on a change in the executive regulations for the application of the Turkish nationality law:

Article 1: The phrase $250,000 is replaced by $400,000, mentioned in section B of Article 20 of the Executive Regulation on the Application of the Turkish Citizenship Act, which came into force under Cabinet Resolution 2010/139 of 11 February 2010.

Article 1 comes into force one month after its publication in the Official Newspaper."

 

Edited by Ghars Consultancy

Source: Official Newspaper in Turkey

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