Based on the recent amendments to Presidential Decree No. 106 published in the Official Gazette on September 19, 2018
And the Presidential Decree No. 418 published in the Official Gazette on December 7, 2018
Citizenship may be granted to foreigners who meet at least one of the six investment requirements listed below, in addition to obtain an approval and an administrative decision are obtained from the President of the Republic.
1- Foreigners who make a fixed capital investment of a minimum of $500,000 or its equivalent in foreign currencies or the equivalent of Turkish lira in a Turkish company entity determined by the Ministry of Industry and Technology.
2- Foreigners who buy one or more properties with a value of not less than 400,000 dollars or its equivalent in foreign currency or its equivalent in Turkish liras
A decision not to sell for a period of at least three years shall be attached to the relevant property registry.
Or foreigners who buy a share of a property owned by a person or group of persons, provided that the value of the initial contract concluded with the notary is not less than 400,000 US dollars or an amount of foreign currencies or Turkish lira in advance and this documented initial contract is paid The sales contract must be registered in the property registry Relevant with a pledge not to transfer or cancel the agreement for a period of three years determined by the Ministry of Environment and Urbanization.
3- Foreigners who provide job opportunities for at least 50 Turkish citizens, as determined by the Ministry of Family, Labor and Urbanization.
4- Foreigners who deposit at least 500,000 US dollars or its equivalent in foreign currencies or the equivalent of Turkish lira in banks operating in Turkey with the possibility of benefiting from the profit dependent on the amount deposited, provided that this deposit is kept in the relevant bank for a period of three years at least which is determined by the Agency for Banking Regulation and Supervision.
5- Foreigners who buy state debt instruments (government bonds) with a value of no less than 500,000 US dollars or its equivalent in foreign currency or the equivalent of the Turkish lira and keep the reserves for at least three years, i.e. determined by the Ministry of Treasury and Finance.
6- Foreigners who buy a share in the real estate participation fund and share in the capital trust funds
(Purchase of shares in mutual funds for state projects)
With a value of not less than $500,000 or its equivalent in foreign currencies or Turkish lira, provided that the reserve is maintained for at least three years determined by the Capital Market Board.
Noting that the above-mentioned foreign currency amounts will be determined based on the currency exchange rate or foreign exchange rates of the Central Bank of Turkey on the date of application.
The process of obtaining Turkish citizenship by investment consists of three (3) stages.
(1) Meeting one of the investment conditions and obtaining a certificate of conformity (appropriate for the nationality) from the competent authority.
(2) Obtaining a short-term residence permit as per Section 31/1-J of Law No. 6458.
(3) Applying for Turkish citizenship by investment with the necessary documents.