Turkey Cuts Investment Size to Acquire Turkish Citizenship
The Turkish government reduced the volume of investment required for Turkish citizenship, from $ 1 million to $ 300 thousand, less than two months after it identified the necessary and essential conditions.
In an interview with an Egyptian channel, the vice-president of the Turkish Justice and Development Party announced that “the Turkish government turned to this matter after studying the issue with Turkish President Recep Tayyip Erdogan.”
In addition to putting it with officials in the Turkish economy and the Presidency of the Council of Ministers, to reduce the volume of investment to 300 thousand dollars.
On 12 January, the Turkish government approved the granting of Turkish citizenship to foreign investors on terms that were concentrated in a resolution that included foreign investors with fixed capital of US $ 1 million or more.
It also guarantees the granting of Turkish nationality to foreigners who own real estate in Turkey, at a value of not less than one million dollars, provided that the property is not sold for three years.