Application for Turkish Citizenship by Investment from One Property for Multiple Families
By Burak Ünal, Founder & Managing Partner, Gordion Partners
· · 1 min read
Only one foreigner can use one property to apply for the Turkish Citizenship by Investment. Citizenship application of multiple families by using one property is not possible.
In the past it was possible to apply for the Turkish citizenship by investment by buying a share of a property and if that share was above $250,000, they could apply to citizenship. However, after 12 June 2022, the investment limit was increased from $250,000 to $400,000. And a new rule stated that one property can only be used for 1 citizenship application.
For example, if two foreigners buy a property of $800,000 with 50% share on or after 1 February 2023, neither share can be used for citizenship, because a share of a property acquired since that date does not qualify.
In summary, every foreigner needs to buy at least one property to apply for the Turkish citizenship by property investment program. Buying a share of a property on or after 1 February 2023 will not give you citizenship application right, even if your share is worth above $400,000.
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The information on this page is general and is not legal, tax or investment advice. Rules, amounts and procedures change; contact us to confirm the current requirements before you act.
