2018 20.09

A recent regulation published in the Official Gazette on September 21, 2018 introduced amendments to the requirements to acquire Turkish citizenship. 

First, the fixed capital investment limit, which was previously US$2 million, has been reduced to US$500,000. Also, foreigners who purchase real estate worth US$250,000 may now obtain citizenship. The monetary amount used to be US$1 million. For those foreigners who are eligible for Turkish citizenship because they have contributed to job creation, the requirement has been decreased from 100 employees to 50 employees. The amount of money required to be deposited into a Turkish bank for at least three years has been reduced from a minimum of US$3 million to US$500,000.