The determined amount for Turkish citizenship by investment was decreased on 19 September 2018. The minimum amount of immovable property purchased to get Turkish citizenship was reduced from $1,000,000 to $250,000. That has made Turkey’s citizenship acquisition very affordable.
However, the price of Turkish citizenship acquisition by real estate investment has been recently updated by the government. As for the main reasons for that amendment, we can mention the commodity prices in the construction sector, supply and demand issues, and value loss in the Turkish lira at first.
Along with the new regulation, Turkish citizenship application has started to require at least a $400.000 property purchase in Turkey on the 13th of June 2022. Thus, foreign investors can get Turkish citizenship in a period, changing from 2 to 3 months (depending on the buyer’s condition) with the guidance of Bari Global by investing at least $400,000 in real estate.
With this investment in real estate, foreigners can apply for Turkish citizenship alongside their spouses and children under 18 years of age under the condition of not selling the property for at least the next three years.
The amount to deposit in Turkish banks was also decreased from $3,000,000 to $500,000 under the condition of not taking the money back for at least the next three years.
The limit of fixed capital investments required for foreigners to acquire Turkish citizenship is reduced from $2,000,000 to $500,000, making it easier to apply for Turkish citizenship without waiting.
Earlier, foreigners could acquire Turkish citizenship by just only employing 100 employees in their business. However, it has been reduced to 50 employees to obtain one recently. Also, previously, foreigners had to purchase government debt instruments of at least $3,000,000 under the condition of not reselling them for at least three years. Yet, the amount has been decreased to $500,000.
For the exceptional citizenship application in Turkey, it is significant to obtain an investment eligibility certificate from the General Directorate of Land Registry and Cadaster, and the Ministry of Environment and Urbanization.
Foreign investors who wish to acquire Turkish citizenship through deposits can have it from the Banking Supervision and Regulation Authority. Besides, to get Turkish citizenship through fixed capital investments, it is crucial to obtain a certificate of conformity through the Ministry of Treasury and Finance.
Turkey property alternatives come in a wide range of architectural approaches, unique designs, and social facilities. And various apartment, residence, penthouse, villa, and other home options are as close as a phone to you with Bari Global now!