A new regulation has paved the way for foreigners to become Turkish citizens on condition that they buy real estate worth at least $1 million with the special condition of not selling it for at least three years, or those who invest at least $2 million in firm capital.
The regulation was published in the Official Gazette of Turkey on Thursday.
Other alternative ways for obtaining citizenship for foreigners is placing deposits worth at least $3 million in banks operating in Turkey, or buying government-issued bonds for the same amount, under the condition of not divesting earlier than three years.
Foreign country citizens who can prove to have created jobs for over 100 people will be able to apply for Turkish citizenship, as well.
The selling rate issued by the Central Bank of the Republic of Turkey will be used as a benchmark to determine the actual values of operations.
