Turkish Citizenship by investment program has been introduced by the government very recently on 12th January 2017. Within the scheme, Ankara will now grant citizenship to foreigners who buy real estate in Turkey worth at least $1 million under the condition that the property is not sold for at least 3 years. By purchasing a property of valued minimum $1m USD in any part of Turkey, a foreign investor will be able to get Turkish Citizenship for himself and the family.
According to the “Regulation on the Implementation of the Turkish Citizenship Law”, The foreigners who fulfil certain criterias as laid down by the new law will now be able to apply and obtain Turkish Citizenship in accordance with the clause (b) of the first paragraph of Article 12 of the citizenship law. One of the conditions below shall be met in order to obtain Turkish Citizenship:
Purchasing an immovable property at least $1.000.000 USD with a title deed restriction of not to sell for 3 years. (The investment must be confirmed by the Ministry of Environment and Urbanization) or,
Investment of at least $2.000.000 USD to a fixed capital investment. (The investment must be confirmed by Ministry of Economy) or,
Investment of at least $3.000.000 USD in a bank operating in Turkey with a condition of not to withdraw for at least three years. (The investment must be confirmed by Banking Regulation and Supervision Agency) or,
Holding of government bonds for at least $3.000.000 USD with a condition of not to sell three years. (It must be confirmed by the Undersecretariat of Treasury)
Therefore it will now be possible for international investors to obtain Turkish Citizenship with a single and direct investment of $1m USD to a property in Turkey.