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CITIZENSHIP BY INVESTMENT
Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law specifies the ways to acquire Turkish Citizenship by exception. These are:
- Making a fixed capital investment of at least 500,000 USD or its equivalent in foreign currency, as determined by the Ministry of Industry and Technology.
-Acquiring real estate worth at least 400,000 USD or its equivalent in foreign currency, with the condition that it cannot be sold for at least three years, as determined by the Ministry of Environment, Urbanization and Climate Change.
- Creating at least 50 jobs, as determined by the Ministry of Labor and Social Security.
- Depositing at least 500,000 USD or its equivalent in foreign currency in banks operating in Turkey, with the condition that it is kept for at least three years, as determined by the Banking Regulation and Supervision Agency.
- Purchasing at least 500,000 USD or its equivalent in foreign currency worth of government bonds, with the condition that it is kept for at least three years, as determined by the Ministry of Treasury and Finance.
- Purchasing at least 500,000 USD or its equivalent in foreign currency worth of real estate investment fund shares or venture capital investment fund shares, with the condition that it is kept for at least three years, as determined by the Capital Markets Board.
- Contributing at least 500,000 USD or its equivalent in foreign currency to the funds determined by the Insurance and Private Pension and Supervision Authority, and keeping it in the system for at least three years, as determined by the Insurance and Private Pension Regulation and Supervision Authority.
Şahin&Tayar Law Office provides legal services in the processes of acquiring Turkish Citizenship by exception.