TURKEY CITIZENSHIP BY INVESTMENT PROGRAM OF 2020- ODIN LAND
Update: As of 29.01.2020, by reason of public pressure, the increasing minimum amount of Turkish Citizenship by real estate program from 250.000 USD to 500.000 USD became the main topic of conversation and the issue was being discussed in the Grand National Assembly of Turkey. We recommend that foreigners who want to get Turkish citizenship should hurry up for their applications.
With the new regulation which was declared on September 18th, Republic of Turkey grants citizenship to foreigners who make:
- Way 1: 250,000 $ property investment
- Way 2: found/buy a company with 500,000 $ capital
- Way 3: deposit 500,000 $ in State investment instruments or state banks operating in Turkey provided that they do not withdraw such amount for three years
Also, employing 50 personnel is determined as a criteria for applying for Turkish citizenship with the new regulation. Several regulations published in the Official Gazette No. 106 decision of foreign nationality were changed with the concept of Turkish citizenship.
The minimum amount required for applying to citizenship by immovable property in Turkey have also determined as 250.000 $. The most common type of investment for Turkish Citizenship is the purchase of an immovable property of 250,000 $. When the real estate is purchased, the annotation of the real estate must not be sold for three years.
Source: https://expatguideturkey.com
