Acquisition of Turkish Citizenship by Purchasing Real Estate or Making Capital Investment
The amendment to the Article 20 of the Regulation on the Enforcement of the Turkish Citizenship Law which sets forth the (exceptional) acquisition of Turkish citizenship was published in the Official Gazette dated 12 January 2017 and numbered 29946. The amendment sets out the acquisition of Turkish citizenship via specific methods such as acquisition of property, making capital investment or generating employment. With the amendment, which entered into force on 12 January 2017, foreign citizens may acquire Turkish citizenship by a proposal of the Ministry of Interior and the Decision of the Council of Ministers provided that at least one of
Yapı Malzemelerine Yönelik Çevre ve Şehircilik Bakanlığı Tespitleri ile Yaptırımları
Sorry, this entry is only available in Turkish.
Kentsel Dönüşüm Yönetmeliği Değişiklikleri
Sorry, this entry is only available in Turkish.
Acquisition of Real Estate in Turkey by Foreigners
The construction & real estate sector is one of the largest contributors of the economic growth of Turkey during the period of the past 10-15 years. The legal regulations enabling and simplifying the acquisition of real estate by foreigners, urban renewal and large real estate projects together with high yield ratios also made a positive impact on the foreign investments that were made to the Turkish real estate market by the investors. Brief information will be provided below in relation to the legislation in respect to the acquisition of real estate by foreigners. The Legal Restrictions The reciprocity condition which was applied