The
Turkish Official Gazette has published on Wednesday 19th of September 2018, the
new amends on the executive regulations for foreign investors to acquire the Turkish
citizenship in several ways.
The
new amendments included any of the following conditions for foreigners would be
eligible to acquire the Turkish citizenship:
- Purchasing
an immovable property worth of 250.000 USD at least with a pledge not to sell it
for three years instead of 1M USD.
- Fixed
capital investment of 500.000 USD.
- Employ at least 50 Turkish citizens.
- Depositing
at least 500.000 USD in Turkish banks without withdrawing it for 3 years.
- Hold
at least 500.000 in government bonds or the equivalent in Turkish lira or other
foreign currencies.
The
Turkish government has announced last year starting to allow foreign investors
to acquire the Turkish citizenship. The previous terms and conditions included
the followings:
- Purchasing
a property worth at least 1M USD and not selling for three years.
- Fixed
investment of at least 2M USD.
- Providing
employment for at least 100 Turkish citizens.
- Depositing 3M USD in Turkish banks without withdrawing it for three years.