• 11 Jun 2021
  • First Publish (not set)
  • Turkey
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More Facilities For Turkish Citizenship Obtaining

On 07.12.2018, the Turkish government has issued the amendment of granting property-based Turkish citizenship conditions , which also includes the purchase of properties under construction.

Now any foreigner can obtain Turkish citizenship in case he buys  a real estate in cash, within an under construction housing projects, with a value of not less than 250 thousand US dollars, or the equivalent in Turkish. On the other hand, the foreigner is required not to sell the property within 3 years, and a pledge to the real estate records not to transfer his ownership to other people during the mentioned period.

On 09/2018, Turkey announced great facilities for foreigners to obtain its citizenship. The Turkish government decided to lower the financial standards it had set at the beginning of 2017, when it passed the law on granting Turkish citizenship to foreigners.

Granting Turkish citizenship criteria :

Buying a property worth $250,000, instead of at least $1 million, and not selling it for three years.

An investment of at least $500,000.

 Providing job opportunities for at least 50 Turkish citizens, instead of 100 citizens.

Reducing the value of the deposit requirement in Turkish banks from $3 million to $500,000.



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