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Buying a property over 250,000 dollars will be given Turkish Citizenship

Buying a property over 250,000 dollars will be given Turkish Citizenship

Buying a property over 250,000 dollars will be given Turkish Citizenship -the great news in today’s issue of the official envoy of the Turkish government, Resmi Gazete! Amendments in the law has appeared on obtaining Turkish citizenship. In January 2017 they considered the law and chose it. According to it, those who invested in the country for a certain amount (at least $ 1 million in real estate or $ 3 million in a Bank account), could obtain Turkish citizenship.

Now the law significantly reduce the minimum investment threshold for citizenship. Foreigners who buy real estate worth at least 250 thousand dollars, can become citizens of Turkey.

The following persons will be able to apply for the earliest possible citizenship:

Those who have bought property in Turkey in the amount of not less than 250 thousand us dollars. But that the property will not be sold within 3 years.
Investors who invested in big projects in the field of real estate and other public projects in an amount not less than 500,000 U.S. dollars.
Those who could open a Deposit in a Turkish Bank of at least 500 thousand us dollars. But you should provide that the money will not be withdrawn from the account within 3 years. As well as created at least 50 jobs for the local population.Establishing a special Commission for applications for accelerated citizenship will be established.

A Commission  within the Ministry of the interior to monitor the process of applications for citizenship will consist of:

1. Representatives of the Ministry of Family and Labour.

2. Social service.

3. Ministry of Environment and Urbanization

4. Ministry of Economy and Finance.

5. Ministry of Industry and Technology.

The establishment of private offices, reception and processing of documents

Private offices will be open to foreign nationals who apply for Turkish citizenship and transactions will be made as soon as possible. Commission set up by the Ministry of the Interior will accompany the follow-up of these offices and the process. Buying a property over 250,000 dollars will be given Turkish Citizenship – a great news follow great oppotunities.

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