The Turkish Government has increased the amount of money required to obtain citizenship by investment. The Ministry of Interior has announced that Turkish citizens can now apply for citizenship under the country’s Global Investment Program if they buy property worth 400 thousand US dollars (equivalent to about 382 thousand Euros). This is a significant increase from the previous threshold of 250 thousand US dollars (equivalent to 240 thousand Euros). In December 2018, the investment amount required for citizenship was raised from 200 thousand US dollars (about 191 thousand Euros) to 250 thousand US dollars (about 239 thousand Euros).
The Turkish Government has increased the amount of money required to obtain citizenship by investment.
The Turkish Government has increased the amount of money required to obtain citizenship by investment.
The amount has been raised from 250 thousand US dollars (about 239 thousand Euros) to 400 thousand US dollars (about 382 thousand Euros).
To qualify as an investor, applicants need to have at least 1 million USD in their bank account for a period of at least 2 years.
The Ministry of Interior has announced that Turkish citizens can now apply for citizenship under the country’s Global Investment Program if they buy property worth 400 thousand US dollars (equivalent to about 382 thousand Euros).
The Ministry of Interior has announced that Turkish citizens can now apply for citizenship under the country’s Global Investment Program if they buy property worth 400 thousand US dollars (equivalent to about 382 thousand Euros).
According to the new regulation, those who purchase properties worth 200 thousand US dollars and 250 thousand US dollars will be able to apply for citizenship after two years of registration in any city with a population over 100,000 people. Those who buy real estate worth 300 thousand US dollars and 350 thousand US dollars will gain citizenship after three years while those who purchase real estate worth 400 thousand US dollars will be eligible for naturalization after four years. The amount increases by 10% each year until 2021 when it reaches 500 thouand USD and then 1000 thouand USD respectively .
This is a significant increase from the previous threshold of 250 thousand US dollars (equivalent to 240 thousand Euros).
It is the first time that such a high threshold has been introduced, and it is expected to affect thousands of wealthy Turkish citizens who want to become citizens of other countries.
The amount of money required to obtain citizenship has increased from 250 thousand US dollars (about 239 thousand Euros) to 400 thousand US dollars (about 382 thousand Euros). This is a significant increase from the previous threshold of 250 thousand US dollars (equivalent to 240 thousand Euros).
New amount of Turkish citizenship – increased amount of Turkish citizenship
In December 2018, the investment amount required for citizenship was raised from 200 thousand US dollars (about 191 thousand Euros) to 250 thousand US dollars (about 239 thousand Euros).
In December 2018, the investment amount required for citizenship was raised from 200 thousand US dollars (about 191 thousand Euros) to 250 thousand US dollars (about 239 thousand Euros). This is a significant increase from the previous threshold of 250 thousand US dollars (equivalent to 240 thousand Euros).
However, it remains far below other countries such as Malta and Cyprus that have introduced citizenship by investment schemes but now require investments of 2 million euros or 1.5 million euros respectively.
Citizenship through investment program,real estate purchase
Did you know that you can apply for Turkish citizenship through investment from anywhere in the world?
There are no residency requirements, and it’s possible to do everything online. The only thing you have to be aware of is that it takes at least six months before citizenship can be granted.
Conclusion
If you are interested in obtaining Turkish citizenship through investment, please contact us. We can help guide you through the process of purchasing real estate in Turkey and apply for naturalization under the Global Investment Program.
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