Türkiye

Türkiye

Introduced a new citizenship rule to encourage foreign investment

12 Jan 2017

Turkey published new rules on citizenship ('The Regulation on the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law') in its Official Gazette. Accordingly, foreigners will be able to acquire Turkish citizenship on condition that they, inter alia, (1) purchase real estate worth at least USD 1 million without selling it for at least 3 years, or (2) invest at least USD 2 million in firm capital, or (3) have created jobs for at least 100 people.