Turkish Citizenship by buying real estate is reduced to 400K usd

Good opportunity to obtain Turkish citizenship

Turkish President Recep Tayyip Erdoğan's decision reduced the limits that allowed Turkish citizenship to foreigners.

The Regulation on the Implementation of the Turkish Citizenship Law, which entered into force in 2010 by the decision published in the Official Newspaper, was amended in Article 20 of the yıl Exceptional Turkish Citizenship.

According to this law, the lower limit of $ 1 million, which gives citizenship opportunities for foreigners to buy real estate, was reduced to 400 thousand dollars. With this regulation, the Turkish property market is expected to increase by  30% in 2019.

The lower limit for citizenship in return for investment has been reduced; The lower limit of fixed capital investment, which was sought to obtain Turkish citizenship, was reduced from $ 2 million to $ 500,000. This capital can also be a savings account or bonds.

In addition, the 3-million-dollar bond held for three years or 3-million-dollar deposits in Turkish banks in the condition of 500 thousand dollars was reduced.

On the other hand, the requirement to employ at least 100 people with the possibility of transition to another naturalization fell to 50 people.

With all that news, many foreigners are expected to get Turkish citizenship in 2019.