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The limit for acquiring citizenship to purchase housing has been reduced to $250.000

The limit for acquiring citizenship to purchase housing has been reduced to $250.000
The Turkish government cuts investment levels for Turkish citizenship. On 19 September 2018, amendmants to the law №106 of the Turkish Republic were published in the official Journal Consistent with these reforms, foreigners, who want to obtain Turkish citizenship on the basis of purchased property in Turkey, it will be enough to invest at least $250.000. We also remind, that before the minimum amount was $ 1 million. In addition, in accordance with the amendments, adopted to the above-mentioned law, the amount of necessary investment has been reduced to $ 500 from $ 2 million. The deposit requirement of minimum $ 3 million in Turkish banks has been lowered to $ 500.000. Foreigners who generate jobs for minimum 50 people will also be able to take Turkish citizenship. Previously it was necessary 100 people.
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Aysha

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