Turkish Citizenship by Investing 250.000 USD on Real Estate

Within the framework of the “Regulation on the Amendment to the
Regulation on the Implementation of the Turkish Citizenship
Law” published in the Official Gazette
today, 18.09.2018, the
minimum immovable property required for naturalization of
foreigners was reduced from 1.000.000 USD to 250.000
USD. The Ministry of Interior announced that
it would open special offices for foreigners who would like to
get citizenship and the procedures would be completed as soon
as possible.

According to the news in AA, “The Regulation on the Amendment
of the Regulation on the Implementation of Turkish Citizenship
Law” was published in the Official Gazette with the signature
of the President.

۲۵۰٫۰۰۰ Dollars will be Enough Instead of 1 million
Dollars

According to the new regulations, a fixed capital investment
requirement of at least 2 million USD, which would have to be
met before, was changed to 500.000 USD or its equivalent in
Turkish Lira.

The provision of the purchase of at least 1 million US Dollars
to the title deeds of the immovable property not to be sold for
three years has also been changed by the
regulation. Foreigners who buy the real estate in the
amount of 250.000 US Dollars or
foreign currency or its equivalent in Turkish Lira will be able
to benefit from this right.

Employment Reduced from 100 to 50 people

Similarly, the expression of providing employment to at least
۱۰۰ people, which is among the conditions of eligibility to
citizenship, has been changed to 50 people. As one of the
conditions of naturalization, the total amount of deposit in
banks operating in Turkey which must be kept with the admission
of at least three years is reduced from 3 million US Dollar in
exchange or in compensation to 500.000 US Dollars or its
equivalence as Turkish Lira.

۱٫۵ million Dollars Investment Requirement Reduced to
۵۰۰٫۰۰۰ Dollars

The requirement of obtaining at least 1 million 500 thousand
USD real estate investment fund participation share or venture
capital investment fund participation shares and keeping it in
the reserve for three years was also changed by the
regulation. The ones fit to the requirement of holding at
least 500 thousand US Dollars or its equivalent in foreign
currency or fulfilling provisions of Turkish Lira in the real
estate investment fund shares or venture capital investment
fund shares for at least three years will be eligible for the
citizenship.

Private Offices will be Opened

On the other hand, a commission consisting of representatives
of the Ministry of Family, Labor and Social Services, the
Ministry of Environment and Urbanization, the Ministry of
Treasury and Finance, the Ministry of Industry and Technology
will be established within the Ministry of Interior in order to
follow the process related to citizenship applications.

By opening private offices, the foreign citizens who apply for
Turkish citizenship will be attended in one-to-one manner and
the transactions will be done as soon as possible. The
follow-up of these offices and the process will be followed by
the commission formed by the Ministry of Interior.

Which countries other than Turkey give residence permit
or citizenship right to what amount of purchase?

 

Country – Minimum house purchase amount for
residence permit – Citizenship / Residence Permit

Montenegro – No lower limit – Residence permit
(Renewed annually)

Fiji – 41.000 USD – Citizenship through 5 years of
residence

Colombia – 86.000 USD – Residence permit

Uruguay – 100.000 USD – Citizenship through 10 years
of residence

Brazil – 128.120 USD – Residence Permit

Hungary – 200.000 Euros – Citizenship through 8 years
of residence

Dominican Republic – 250.000 USD – Citizenship
(immediately)

Greece – 250.000 Euros – Citizenship though 5 years
of residence

Latvia – 250.000 Euros – Citizenship through 5 years
of residence

Dubai – 272.000 USD – Residence permit

Panama – 300.000 USD – Residence permit

Cyprus – 350.000 USD – Residence permit

Cyprus – 2.000.000 Euros – Citizenship

Bulgaria – 310.000 Euros – Citizenship through 5
years of residence

Malta – 350.000 Euros – Citizenship (immediately)

South Korea – 444.000 USD – Citizenship through 5
years of residence

Andorra – 400.000 Euros – Residence permit

Spain – 500.000 Euros – Citizenship through 5 years
of residence

Portugal – 500.000 Euros – Residence permit through 6
years of residence

Switzerland – 1.000.000 USD – Citizenship through 12
years of residence

Monaco – 500.000 Euros – Citizenship through 10 years
of residence

Ireland – 1.000.000 Euros – Citizenship through 8
years of residence

 

sorce:https://www.cctinvestments.com/turkish-citizenship-by-investing-250-000-usd-on-real-estate/