Sell your real estate in Turkey after 3 years and keep your Turkish citizenship by investment
By Burak Ünal, Founder & Managing Partner, Gordion Partners
· 1 min read
In short
Learn about the 3-year rule in Turkish Citizenship by Investment. Sell your property before 3 years & lose your citizenship. Find out how to protect your Turkish passport.
In the Turkish Citizenship by Investment Programs, foreigners need to keep their investment in Turkey for more than 3 years. After the 3 years period, investors can sell their real estate and they will still keep the Turkish citizenship and passport. If they sell their property before 3 years, then their Turkish citizenship will be cancelled.
The 3-year rule applies to all investment types. If foreigner bought property to acquire Turkish Citizenship by Investment, they promise not to sell their property for 3 years. If they sell before 3 years, it directly results with the cancellation of their Turkish citizenship. However, after 3 years they can sell their property and still keep the Turkish citizenship. The same 3-year rule applies to Turkish Citizenship by Bank Deposit and Turkish Citizenship by Private Pension Fund.
The beginning point of the 3-year non-sellable period is the date you put the annotation at the title deed office promising that you will not sell your property for 3 years in order to be eligible for the Turkish citizenship. If you have questions about calculation, you can get in touch with me.
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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.
