Today, citizenship has started to be used as a tool especially to encourage foreign investment, to serve the labor and economic policies of the states, and regulations have been made in many countries about the acquisition of citizenship through investment.
What are the conditions to get Turkish Citizenship by property?
It has been accepted that foreigners who first obtained a residence permit in the Republic of Turkey in 2016 and who hold a Turquoise Card, as well as their foreign spouses and children under the age of 18, can acquire Turkish citizenship within the scope of exceptional circumstances. In this law numbered 6735 (International Labor Law) of 2016, foreign people who do not work in Turkey, but who invest within a certain scope and amount, and their foreign spouses and children under the age of 18 are allowed to acquire citizenship, but the conditions of the investment to be made are not specified.
The nature and amount of this investment became clear as a result of the additions made to the board decision that came into force in 2017 and a year ago. In 2018, with the Presidential Decision, the previously determined investment amounts were reduced and the application conditions were simplified. Finally, in 2018, the way was opened for foreigners to acquire Turkish citizenship by purchasing real estate worth at least 250,000 USD.
Citizenship has started to be used as a tool all over the world in order to serve the economy and labor policies of the state and especially to encourage foreign investment, and necessary regulations have been made in many countries in this regard. It is possible to acquire Turkish citizenship through methods such as real estate purchase, capital investment, employment creation, purchase of debt instruments, deposits and funds.
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