CONDITIONS OF TURKISH CITIZENSHIP
Minimum conditions and recent changes in the acquisition of Turkish citizenship as exceptional;
According to the regulation amendment published in the official gazette on 19.09.2018, the convenience of Turkish citizenship was made exceptionally.
Turkish Citizenship Application came to Turkey in normal conditions visa or visa exemption period on foreigners wishing to stay longer, it is being required to take permission residence permit or a study Turkish citizenship demands on the foreigners will 5901 numbered Turkish Citizenship Law with specified period in by the stay in Turkey and ministries must meet the minimum requirements.
With the decision dated 12.12.2016 and numbered 9601, some articles have been added to the conditions of exceptional acquisition of Turkish citizenship. In this context, it is stated that fixed capital investor, immovable purchasers, employers, depositors in Turkish banks, foreigners buying government debt instruments may apply for Turkish citizenship in exceptional circumstances.
After the relevant decision date, many Turkish citizenship applications were processed and concluded, but foreigners who found the minimum amount or the amount required for the application were not able to carry out the transaction.
In this context, the demands were evaluated and the decision to amend the regulation on the application of the Turkish citizenship law was published in the Official Gazette dated 19.09.2018 and numbered 106.
With the decision, the following changes have been made in the investment amounts and in some conditions;
The requirement to make a fixed capital investment of at least US $ 2,000,000 has been reduced to USD 500,000. (the relevant investment should be determined by the Ministry of Industry and Technology.)
A minimum of USD 1,000,000 of immovable property has been reduced to US $ 250,000 or foreign currency / Turkish Lira. (The property should be determined by the Ministry of Environment and Urbanization purchased, provided that the real estate is not sold for three years to the land registry records.)
The requirement of creating at least 100 employees has been reduced to 50 people. (It should be determined by the Ministry of Family, Labor and Social Services in which the employment is created.)
At least three million US Dollars requirement to keep deposits in banks operating in Turkey US $ 500,000 or its equivalent in foreign currency / was reduced to Turkish Lira. (Holds the relevant bank for 3 (three) years and this must be determined by the Banking Regulation and Supervision Agency.
The purchase of government debt instruments amounting to USD 3,000,000 has been reduced to USD 500,000 or equivalent to Turkish Lira / Turkish Lira. (The holding shall be determined by the Treasury and the Ministry of Finance for 3 (3) years).
In addition to the above, the foreign citizens determined by the Capital Markets Board, on the condition of holding the minimum amount of USD 500.000 or equivalent foreign currency or Turkish Lira real estate investment fund participation share or venture capital investment fund participation amount for at least 3 (three) years, Turkish Citizenship it can be found in exceptional cases.
Complete research and follow-up of the procedures before the application will ensure that the investments are carried out consciously.
