Highly commended - Real Estate Agency Turkey - IDEAL Real Estate Services Free Inspection Tour - IDEAL Real Estate Services

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.



Additional news