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.