Amendments to the conditions for obtaining citizenship
Turkey has announced amendments to the conditions for obtaining citizenship through exceptional ways such as investing or buying real estate, whereby foreigners who wish to, will have to sell the foreign currencies specified in the law, to the Central Bank of Turkey.According to the recent amendments, a foreigner can obtain Turkish citizenship if he buys a property worth $400,000 or more, provided that the property is not sold within a period of 3 years.In another amendment, the condition of depositing a sum of money in Turkish banks in exchange for citizenship was amended, as the condition now stipulates the deposit of $500,000.The amendments also stipulated setting the value of the fixed investment in exchange for citizenship at $500,000.Also, a foreigner can obtain Turkish citizenship if a project is opened within Turkish territory and employs at least 50 Turkish workers.In this context and in accordance with the “Regulations for Amending the Regulations Concerning the Application of the Turkish Citizenship Law”, a foreigner wishing to obtain Turkish citizenship will apply for Turkish citizenship through one of the above-mentioned methods.
Amendments to the conditions for obtaining citizenship
