Can I get Turkish Citizenship by Buying a House?

If they meet at least one of the following conditions, they will be able to acquire Turkish citizenship.

Turkish Citizenship with Fixed Capital Investment

It is necessary to make a capital investment of a minimum of 500,000 USD or in a different foreign currency or Turkish Lira equivalent. This amount, which was 2,000,000 USD previously, has been reduced to 500,000. The capital investment made must be determined through the Ministry of Industry and Technology.

Turkish Citizenship with the Purchase of Real Estate

An immovable with a minimum amount of USD 250,000 or a different foreign currency or Turkish Lira equivalent is required to be registered with the title deed, provided that a minimum of 3 years not to be sold. After the foreign person purchases or establishes floor ownership or floor easement and pays at least 250,000 USD or a different foreign currency or Turkish Lira equivalent in advance, the contract to be issued at the notary public must undertake that the property cannot be transferred or abandoned for a period of 3 years. The land registry annotation must be determined by the Ministry of Environment and Urbanization.

Turkish Citizenship with Employment Creation

It is necessary to create employment for a minimum of 50 people (reduced from 100 to 50 with the last amendment of the law). Employment must be determined by the Ministry of Family, Labor & Social Services.

Turkish Citizenship with Bank Deposit

It is necessary to deposit a minimum of 500,000 USD or a foreign currency or Turkish Lira equivalent to banks operating in Turkey, with a minimum of three years. The transaction must be determined by the Banking Regulation and Supervision Agency.

Turkish Citizenship with Government Debt Instruments

It is necessary to purchase a government debt instrument with a minimum amount of USD 500,000 or a different foreign currency or Turkish Lira equivalent, provided that it is kept for a minimum of three years. The transaction must be determined by the Ministry of Treasury and Finance.

Turkish Citizenship with Mutual Fund Participation Share

It is necessary to purchase venture capital investment fund participation share or real estate investment fund participation share in the amount of a minimum of 500.000 USD or a different foreign currency or Turkish Lira equivalent, provided that they keep a minimum of three years. The transaction must be determined by the Capital Markets Board. In determining all monetary values mentioned above, the CBT (Central Bank of the Republic of Turkey) selling rate or cross rate on the date of determination is taken as a basis.

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