Turkish Citizenship Limits Reduced

Good News For Turkish Citizenship

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

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 in.

According to this law, the lower limit of $ 1 million, which gives citizenship opportunities for foreigners to buy real estate, was reduced to 250 thousand dollars. With this regulation, the Turkish property market 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 saving account or bonds.

In addition, the 3-million-dollar bond held for 3 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 provide employment to at least 100 people with the possibility of transition to another naturalization fell to 50 people.

With all that news many thousand of the foreigner is expected to get Turkish citizenship in 2019

Eiendomsnyheter 3.11.2018
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