How to pay for property and Turkish citizenship
Due to the changes made in the laws of buying real estate in Turkey and obtaining citizenship of this country, from January 24, 2021 AD to eliminate the flaws of the previous laws and prevent ways of abusing the law and protecting investors and buyers of real estate. And real estate in Turkey underwent very important changes in the law.
Here are some things to look for when purchasing real estate:
1- The buyer must deposit all the amount in foreign currency (dollars, pounds, euros, etc.) into his account, after which the relevant currency is converted into lira through sale to the Central Bank of Turkey and the amount in lira to the seller’s account. Will be deposited.
2- According to this note, the bank that converted the currency into lira for you will give you a currency purchase certificate.
3- Be sure to note that in order to receive a real estate document, you must submit a foreign exchange purchase certificate to the Central Bank to the Tapu office.
4- The exchange rate sold is calculated based on the rate of one day before the Central Bank at 15:30.
5- Documents issued before this date do not need to sell foreign currency to the central bank.
6- The most important point is that this law includes buying property with any amount and even obtaining citizenship through investment, and it is not only for obtaining Turkish citizenship by buying property.
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