Onyx Blog

Significant changes have been introduced to the investor residence permit, a crucial step in the mandatory process of acquiring Turkish Citizenship by Investment. Under a new practice from the General Directorate of Population and Citizenship Affairs of the Turkish Ministry of Internal Affairs, married investors face specific requirements. They must now travel to Turkey with their spouses to jointly obtain an investor type residence permit, complete with the provision of fingerprints and...

In this blog, I'll discuss the significant changes occurring in Turkiye citizenship, linking them to previous legislative discussions. Two major changes stood out in 2022: adjustments in foreign currency documentation and a raised citizenship requirement of $400,000. Yet, seemingly minor changes wield significant influence among investors. These modifications include the abolishment of acquiring different citizenships based on a single property, ceasing the allowance of partial owner...

According to the new decision made by the Ministry of Internal Affairs, the "B" type residence permit for those who own real estate in Turkiye must be worth 200,000 USD in Turkish Lira (TL), based on the Central Bank foreign exchange sales rate on the day the title deed was transferred. This regulation came into effect on October 16, 2023. The date of the title deed transfer will be processed based on the amounts in the Title Deed and the evaluation report, along with the foreign exchange purch...

Bibliography for table information: Henley & Partners, Investment Migrations Programs 2022 The Definitive Comparison of the Leading Residence and Citizenship Programs, Zurich/Switzerland, Ideos Publications Ltd., 2022 One of the things we, as humans, cannot choose is the country we are born into as citizens. Many people in the world today are dissatisfied with certain aspects of their home country and choose to travel to different nations, often with the intentio...

With the amendment made in the Circular No. 2019/5 issued within the scope of the Implementation Regulation of the Turkish Citizenship Law, significant changes have been made in the implementation of the Turkish Citizenship Law, effective as of 01.01.2023. Preliminary Contract for Real Estate Sale It is stipulated that transactions based on the promise to sell immovable should be made with a single contract per investor. Moreover, in case of signing a preliminary contract for sale for mo...