Buy a House in the Value of 1 Million Dollar and Then Become a Turkish Citizen!
According to the Legislation related to Turkish Citizenship Law published in Official Gazette no. 29946 and dated 12.01.2017;
A foreigner, who fulfils the conditions stated below, can become a Turkish Citizen with the proposal of the Ministry and the Council of Ministers’ Decision within the scope of the clause (b) of the article 1 of the Law numbered 12.
– A person who invests capital valuing at least 2.000.000 (USD) (it should be confirmed by the Ministry of Economy),
– A person who buys a property valuing at least 1.000.000 USD under the condition that there should be an annotation in Title Deed Registry that it cannot be sold for 3 years (it should be confirmed by the Ministry of Environment and Urbanization.),
– A person who provides employment for at least 100 people (it should be confirmed by the Ministry of Labor and Social Security),
– A person who pays money valuing at least 3.000.000 USD in banks in Turkey providing that he/she should keep that account for 3 years (it should be confirmed by the Banking Regulatory and Supervisory Agency.),
– A person who buys official debt instruments valuing at least 3.000.000 USD which he/she will keep it for 3 years (it should be confirmed by the Under secretariat of Treasury).
***We base on Current exchange rate of the Central Bank of the Turkish Republic in the date of determination while determining the monetary value.
Source: Official Gazette (Dated 12.01.2017 – Numbered 29946)
Date: 14 February 2017
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