Exceptional Turkish Citizenship Acquisition
With the new regulations published in the Official Gazette on September 18, 2018, the scope and amounts determined are stated below, and foreigners who meet any of the following conditions can acquire Turkish citizenship by the decision of the President of the Republic:
- Making a fixed capital investment of at least 500,000 US dollars or its equivalent in foreign currency as determined by the Ministry of Industry and Technology
- Acquiring a real estate property of at least 400,000 US dollars or its equivalent in foreign currency with the condition of not selling it for at least three years as determined by the Ministry of Environment and Urbanization
- Creating at least 50 jobs as determined by the Ministry of Labor and Social Security
- Depositing at least 500,000 US dollars or its equivalent in foreign currency in banks operating in Turkey for at least three years as determined by the Banking Regulation and Supervision Agency
- Purchasing at least 500,000 US dollars or its equivalent in foreign currency government bonds with the condition of keeping them for at least three years as determined by the Ministry of Treasury and Finance
- Purchasing at least 500,000 US dollars or its equivalent in foreign currency real estate investment fund shares or venture capital investment fund shares with the condition of keeping them for at least three years as determined by the Capital Markets Board
- Depositing the contribution payment of at least 500,000 US dollars or its equivalent in foreign currency into individual pension system funds determined by the Insurance and Private Pension Regulation and Supervision Authority and keeping it in the system for at least three years as determined by the Insurance and Private Pension Regulation and Supervision Authority.
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