Acquisition of Turkish citizenship For Investors In New 4 Ways
A new law for investors and businessmen willing to obtain Turkey citizenship has been released on Thursday 12 January 2017, on the official newspaper “gazette” publishing details of alterations to the citizenship law in force.
“On the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law” has been approved, which concerns the “Acquisition of Turkish citizenship, and highlighting the documents and conditions required for application to be accepted.”
According to the amendment, foreigners who make a capital investment of at least $2 million, or those who have purchased minimum $1 million worth of properties without selling them for three years will be eligible to acquire Turkish citizenship.
In addition, foreigners who would create over 100 jobs for Turkish employees according to a Labor and Social Security Ministry verification, and those who have kept at least $3 million dollars in their deposit accounts for three years in any Turkish banks, verified by the Banking Regulation and Supervision Agency (BDDK), would also be granted Turkish citizenship.
The effective selling rate issued by the Central Bank of the Republic of Turkey (CBTR) will be used as a benchmark to determine the actual values of transactions.
For more details and consulting regarding the acquisition of Turkey citizenship please contact us, our team consultant and experts will provide you full details.