Changes in Turkish Citizenship Conditions by Investment in 2022

Changes in Turkish Citizenship Conditions by Investment in 2022: The Turkish Lira legislation was implemented as part of the transition to Turkish citizenship through real estate purchases and investments. The foreign currency amount to be gained through the sale of a house to a foreigner will be sold to the Central Bank through a bank and changed into Turkish Lira, according to the regulation published in the Turkish Official Gazette. The money that foreigners must keep in the bank to invest in Turkish citizenship will also be changed into Turkish Lira.

A regulation supporting the Turkish Lira in the conditions of transition to Turkish citizenship was published in the Turkish Official Gazette on 06/01/2022.

Foreigners can obtain Turkish citizenship by purchasing a home worth at least $250,000.00 or making a fixed capital investment of at least $500,000.00.

The ‘Dollar equivalent of another foreign money’ was defined in the new rule as the minimum amount of US Dollars required to obtain Turkish citizenship. It will be accepted in another foreign currency equal to dollars, according to this regulation.

The most significant modification in the regulation is that when foreigners

They will sell their foreign currency to the Central Bank through Turkish banks in exchange for real estate, which will be worth at least $250,000.

The “condition of holding deposits in Turkish banks,” which is described in the rule as at least 500 thousand dollars, was also amended, and the need that this amount be exchanged at the Central Bank through banks was added.

The following is the Turkish Official Gazette regulation:

Subparagraphs (e) and the seventh paragraph of Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law, which took effect with the Council of Ministers Decision dated 11/2/2010 and numbered 2010/139, have been amended, and the following paragraphs have been added after the eighth paragraph.