A $250,000 Investment Requirement for Investors to Obtain Citizenship in Turkey

October 10, 2023
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In 2018, citizenship by investment, which was at the level of $ 1 million, was reduced to the level of $ 250,000 by an arrangement made by the Turkish government. Ensuring that investors prefer Turkey and increasing the inflow of foreign currency to the country was one of the most important factors in making this decision. this innovation, which continued between 2018 and 2022, has enabled thousands of new investors to come to Turkey.

Despite the increase in the number of investors, it was decided to increase the requirement to obtain citizenship to the level of $ 400,000 in 2022. In making this decision, it is necessary to increase both the inflow of foreign currency and to control sales. The fact that irregular price movements in the real estate sector caused serious problems for Turkish investors formed the basis of the regulation.

It is believed that the regulation, which is expected to cause a slowdown in the real estate sector in the first place, will not adversely affect sales in the medium term. However, the rumor that the amount will be increased to $ 800,000 in the next process will also allow those who want to invest in Turkey to act quickly.

Although no official announcement has been made by the Turkish government yet, an investment of $800,000 will be required for Turkish citizenship at the end of 2022. Although the realization of this figure has not yet been beyond a rumor, it is necessary to express that this situation will bring about serious changes.

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