In an announcement from the Turkish Official Gazette on September 19 stating that the granting of Turkish nationality to foreign investors in the field of real estate has been reduced from one million US dollars to a quarter of the amount means 250 thousand US dollars and detail the news as follows:
The Official Gazette No. 106 states that the Law on the Granting of Turkish Nationality to Foreigners has been amended and, in the past, requires either a fixed investment of $ 2 million and now a quarter of this value means 500,000 US dollars
The most important news is investment in real estate. The limit for obtaining Turkish citizenship has been reduced from one million US dollars to 250 thousand US dollars
These amendments were made by a decision of Turkish President Recep Tayyip Erdogan on the law that was put forward to grant extraordinary citizenship to foreigners in 2010 Article 20
The decision also guarantees reductions on other conditions through which Turkish citizenship can be obtained
One of the other ways was to open a company and operate 100 Turkish people and now the limit has reached 50 people only
Or the last method was the deposit of $ 3 million in Turkish banks and now this amount has been reduced to only $ 500 thousand .
Now the cases of granting Turkish nationality to foreigners have become the following ways that we will explain:
1- Investment with a capital of 500 thousand US dollars or the equivalent of other currencies in the technological or industrial fields
2 – Investment of 250 thousand US dollars in the real estate sector for three consecutive years without selling the property
3. Establishment of a project for the employment of 50 Turkish people
4 – Deposit of 500 thousand US dollars or the equivalent of other currencies in the Turkish banks or the treasury of the State and the Turkish Investment Fund for a period of 3 years
