Important Amendments to Acquire Turkish Nationality for Investors
New facilities provided by the Turkish Government include fulfillment of one of the following conditions for applying for Turkish citizenship:
- Owns a property worth $250,000 and retained it for three years after which the owner can dispose of it, while the requirement in the previous decision was $1 million.
- To open a project securing work for at least 50 Turkish citizens, while the requirement was previously 100 Turkish citizens.
- The deposit amount in Turkish banks has become $500,000 for three years, instead of $3 million.
- The lower limit of fixed capital investments is reduced to $500,000 instead of $2 million.
News link in the Official Gazette:www.resmigazete.gov.tr