Following the amendment made in Circular No. 2019/5 issued within the scope of the Implementation Regulation of the Turkish Citizenship Law, major changes have been made in implementing the Turkish Citizenship Law, effective as of 01.01.2023.
In this context:
🔺 It is stipulated that transactions based on the preliminary sales agreement regarding the sale of immovable property should be made with a single contract as of 01.01.2023. In other words, in case of signing the preliminary sales agreement for more than one real estate property, a citizenship application cannot be made even if the total price exceeds 400.000 USD.
🔺 Immovables purchased with a preliminary sales agreement cannot be used together with another immovable to complete the price of 400,000 USD.
🔺 It will not be possible to apply for citizenship with the jointly owned properties. For instance, even if two foreigners acquire real estate worth US $ 900,000 in equal shares, they will not be able to apply for citizenship. For each immovable property, only one foreign person may be the owner and only the foreign owner will be able to apply for citizenship.
It is stipulated in the preliminary sales agreement that the foreign exchange purchase document must be issued for the minimum amount paid in advance and at the latest on the contract date.
🔺It has been made possible to optionally use secure payment systems offered by banks in the transfer/payment of the immovable property. In this context, it is considered that paying with a blocked check is explicitly allowed.
🔺 Used immovable(s) subject to sale or the preliminary sales agreement should not be among the immovables transferred to a Turkish citizen/company by any foreign real person within the last three years. Acquisitions arising from work contracts are determined as an exception to this article.