The conditions to become a Turkish Citizen is one of the most frequently asked questions. Acquisition of Turkish citizenship and the conditions required to become a Turkish citizen vary according to the type of Turkish citizenship application to be made.
What are the conditions to get Turkish Citizenship?
With the amendment numbered 418 made on 07.12.2018 with the Presidency's decision numbered 106 and published in the Official Gazette on 19.09.2018, foreigners will be able to acquire Turkish citizenship if they meet at least one of the following conditions.
1-) Turkish Citizenship by Fixed Capital Investment
It is necessary to make a minimum capital investment of 500,000 USD or in a different foreign currency or Turkish Lira equivalent. This amount, which was 2,000,000 USD before, has been reduced to 500,000 after the change. The capital investment made should be determined through the Ministry of Industry and Technology.
2-) Turkish Citizenship by Purchasing Real Estate
It is necessary to register an immovable with a minimum of 250,000 USD or a different foreign currency or Turkish Lira equivalent, provided that an annotation that it cannot be sold for a minimum of 3 years is put into the land registry. The transfer and abandonment of the property cannot be made for a period of 3 years in the contract to be drawn up at the notary public after the foreign person has purchased or established a condominium or condominium servitude and has paid at least 250.000 USD.
3-) Turkish Citizenship by Employment Creation
It is necessary to create employment for a minimum of 50 people (reduced from 100 to 50 with the last law change). Employment must be determined by the Ministry of Family, Labor & Social Services.
4-) Turkish Citizenship by Deposits in Banks
It is necessary to deposit a minimum deposit of 500,000 USD or a different foreign currency or Turkish Lira equivalent to banks operating in the Republic of Turkey, provided that they are kept for a minimum of three years. The transaction must be determined by the Banking Regulation and Supervision Agency.
5-) Turkish Citizenship with Government Borrowing Instruments
It is necessary to purchase a government debt instrument amounting to a minimum of 500,000 USD or in a different foreign currency or Turkish Lira, provided that it is kept for a minimum of three years. The transaction must be determined by the Ministry of Treasury and Finance.
6-) Turkish Citizenship with Investment Fund Participation Share
It is necessary to purchase venture capital investment fund participation share or real estate investment fund participation share amounting to a minimum of 500,000 USD 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 Capital Markets Board.
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