19 September 2018 Investment

Important Amendments to Acquire Turkish Nationality for Investors

New facilities provided by the Turkish Government include fulfillment of one of the following conditions for applying for Turkish citizenship:

  • Owns a property worth $250,000 and retained it for three years after which the owner can dispose of it, while the requirement in the previous decision was $1 million.
  • To open a project securing work for at least 50 Turkish citizens, while the requirement was previously 100 Turkish citizens.
  • The deposit amount in Turkish banks has become $500,000 for three years, instead of $3 million.
  • The lower limit of fixed capital investments is reduced to $500,000 instead of $2 million.

News link in the Official Gazette:www.resmigazete.gov.tr

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