Since 18 September 2018, Law No 5901 disposes that foreign citizens investing in Turkey will be granted the right to apply for Turkish citizenship.[1]
Ömer Tosun adlı kişinin Pexels'daki fotoğrafı
Foreigners who meet any of the following criteria may be eligible for Turkish citizenship:
- Made a minimum fixed capital investment of US$D 500,000 or equivalent foreign currency or Turkish lira, as attested by the Ministry of Industry and Technology,
- Acquired a property worth a minimum of $250,000 or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years, as attested by the Ministry of Environment and Urbanization,
- Created jobs for at least 50 people, as attested by the Ministry of Family, Labor and Social Services,
- Deposited at least $500,000 or equivalent foreign currency or Turkish lira in banks operating in Turkey with the condition not to withdraw the same for at least three years, as attested by the Banking Regulation and Supervision Agency,
- Bought at least $500,000 or equivalent foreign currency or Turkish lira worth of government bonds with the condition that they cannot be sold for at least three years, as attested by the Ministry of Treasury and Finance,
- Bought at least $500,000 or equivalent foreign currency or Turkish lira worth of real estate investment fund share or venture capital investment fund share with the condition that they cannot be sold for at least three years, as attested by the Capital Markets Board of Turkey[2]
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