How to Obtain Turkish Citizenship by Real Estate Investment?
Foreigners who want to get Turkish citizenship can get Turkish citizenship by the decision of the President.
The scope and amounts determined according to the new regulation published in the Official Gazette dated 18 September 2018 are given below. With the decision of the President, he can get Turkish citizenship.
Conditions for Obtaining Turkish Citizenship by Real Estate Investment
• It is determined by the Ministry of Industry and Technology that he has made a fixed capital investment of at least 500,000 USD or equal in foreign currency.
• If it is determined by the Ministry of Environment, Urbanization and Climate Change that it has acquired real estate worth at least 400,000 USD or equal in foreign currency, if it has not been sold for at least three years in the title deed.
• It has been determined by the Ministry of Labor and Social Security that it has created employment for at least 50 people.
• If it is determined by the Banking Regulation and Supervision Agency that he has deposited at least USD 500,000 or equal in foreign currency deposits in banks operating in Turkey, and is kept for at least three years.
• To be determined by the Ministry of Treasury and Finance to have purchased government bonds of at least 500,000 USD or equal in foreign currency, if they are kept for at least three years.
• Determination by the Capital Markets Board that it has purchased real estate investment fund shares or venture capital investment fund shares in the amount of at least USD 500,000 or equal foreign currency, if it has been purchased for at least three years.
• To have invested in the private pension system, if the contribution amount of at least 500,000 USD or equal in foreign currency, to be determined by the Insurance and Private Pension Regulation and Supervision Agency, is kept in the funds determined by Insurance and Private Pension. The Pension and Supervision Agency remains in the system for at least three years.
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