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New Turkish citizenship rules to encourage investment

New Turkish citizenship rules to encourage investment

Regulations in Turkey’s Official Gazette state foreigners who bring fixed capital investments of at least $2 million or own real estate in Turkey worth a minimum $1 million with the special condition of not selling it for at least three years will be able to access Turkish citizenship.

The regulation also covers foreigners who deposit a minimum of $3 million in Turkish banks on condition of not withdrawing it for three years. A similar regulation applies to those foreign investors who hold government-issued bonds worth at least $3 million which are not diversified for three years.

Foreigners who generate jobs for 100 people also will be able take Turkish citizenship, the gazette said.

Resource:http://aa.com.tr/en/economy/new-turkish-citizenship-rules-to-encourage-investment/725992

 

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