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Amend the terms of granting Turkish nationality to investors

by Proact
Sep , 19
Amend the terms of granting Turkish nationality to investors

The Turkish Official Gazette published on Wednesday the decision to amend the executive regulations on the application of the Law for the acquisition of nationality in several ways.

 

The amendment’s decision included the conditions for which any person who has fulfilled any of them is entitled to apply for Turkish citizenship. The conditions are as follows:

 

– Buy a property worth 250 thousand US dollars instead of one million dollars and not selling it for three years.

 

– Fixed investment with no less than 500 thousand US dollars.

 

– Providing job opportunities for at least 50 Turkish citizens instead of 100 citizens.

 

– Reduction of the deposit requirement in Turkish banks from $ 3 million to $ 500 thousand.

 

– Children over 18 are not subject to nationality in real estates application.

 

– Children below 18 if married not subject to nationality

 

-Wife and husband are subject to nationality

 

The Turkish government announced last year, allowing foreign investors to apply for Turkish citizenship.

 

 

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