Business

New rules for the granting the Turkish citizenship to foreign investors

Published

8 years ago

13th January 2017

Turkish official newspaper published on Wednesday, amendments to the regulations of the Turkish Citizenship code , which will be granted Turkish citizenship to investors as following:

1. Any foreigner buys property in Turkey will be able to obtain citizenship:

whoever buys a property in an amount not less than US million dollars, after documenting the procurement process in the Ministry of Environment and Urban Planning will be able to obtain Turkish citizenship. Provided that the property can be sold no less than three years from the date of purchase. Note: a logo will be on the Title Deeds include the phrase “can not be sold before the specified period”.

2.Anyone who deposit in Turkey a fixed capital, will be able to obtain Turkish citizenship.

Anyone who Deposit a capital of 2 million US dollars in Turkey, and is working on the ratification of the depository document by the Regulation And Banking Organisation, will be granted The Turkish Citizenship provided that the depositor to keep money in Turkey for a period of not less than 3 years.

3.Anyone who deposit a Capital in the state, or in the Government Borrowing Tools will receive Turkish citizenship.

Anyone who Deposit a capital of 3 million US dollars in the Government Borrowing Tools issued by the government and accredit the deposit document from the exchequer will be granted the citizenship provided the deposit amount mentioned in Turkey for a period of no less than 3 years.

4. Anyone who hires Turkish citizens will receive Turkish citizenship.

Anyone who hires a minimum of 100 Turkish employees, and after it is been ascertained by the Ministry of Family and Social Affairs will be granted Turkish citizenship.