As of 12th of January 2017, Turkish government has officially announced new legislation about granting Turkish nationality to foreign citizens.
In order to obtain Turkish Citizenship, one should buy property, start a business, or open bank deposit account.
What are the 3 ways to obtain Turkish Citizenship?
- Buying properties over 1 million USD value and keeping these properties without reselling for at least 3 years
- Starting up a new business with minimum 2 million USD capital.
- Opening a bank account in Turkey with minimum 3 million USD deposit and keeping this deposit at least for 3 years.
For long time, Turkey was examining this Turkey golden visa issue and many foreign investors were expecting to hear about this subject.
Why foreigners should invest to Turkey real estate market today?
- Investing to Turkey real estate market with 1 million USD will be giving not only residency permit to foreigners as before but also Turkish Nationality in only 3 years’ time!
- 1 million USD has never been so valuable in Turkey. Because of the recent drop in Turkish Liras’ value; for 1 million USD, there are very good, once in a life time investment opportunities in Turkey real estate market.
note: 1 USD is equal to 3.90 TL as of 12th of Jan 2017. 1 million USD is equivalent to 3.9 million TL.