TURKISH CITIZENSHIP LAW HAS BEEN APPROVED!

TURKISH CITIZENSHIP LAW HAS BEEN APPROVED!

Amendments that ease access to Turkish Citizenship for foreign investors was stated by the Turkish government. With these amendments made to Turkey’s current citizenship law, Access to Turkish Citizenship has been eased for foreigners under five conditions. The new regulations were published in the Official Gazette on January 12, 2017. Foreigners who meet any of the following conditions would be eligible to acquire citizenship under the new regulations.

Conditions;
• Proven by the Ministry of Environment and Urbanization to have acquired an immovable property worth a minimum of $ 1.000.000 with a title deed restriction of not to sell for at least three years. • Proven by the Ministry of Economy to have made a minimum of $ 2.000.000 of fixed capital investment.
• Proven by the Ministry of Labor and Social Security to have created jobs for at least 100 people.
• Proven by the Banking Regulation and Supervision Agency to have deposited at least $ 3,000,000 in banks operating in Turkey with the condition of not to withdraw for at least three years
• Proven by the Turkish Treasury to have bought at least $ 3,000,000 worth of government bonds and provided they are not sold over the course of three years

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Bosphorus International

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