Turkey changes conditions for granting citizenship to investors

Turkish citizenship can be obtained by purchasing real estate in the amount of 400 thousand dollars.
ANKARA
The Turkish government has made new amendments to the Citizenship Law.

According to the document, the text of which was published on Friday in the government's official gazette - Resmi Gazete, Turkish citizenship can be obtained by purchasing real estate in the country for at least $400,000 (previously $250,000 - ed.), or with a similar amount. deposit in a Turkish bank.

At the same time, the applicant is required not to sell the acquired property for three years and not to withdraw a bank deposit for the same period.

Changes will take effect one month after publication.

NEWS