Changes To Investment Requirements For Acquiring Turkish Citizenship

Introduction

The Regulation on the Implementation of the Law on Turkish Citizenship was amended by Presidential Decision No. 106¹ (the "Amended Regulation").

The amendments include reductions and relaxations to applicable investment requirements to acquire Turkish citizenship and allow financial requirements to be satisfied in Turkish Lira and foreign currencies other than the dollar, which was not permitted previously.

Updated investment requirements

The new minimum investment requirements under the Amended Regulation are as follows:

• fixed capital investments of USD500,000 or its equivalent (previously USD2,000,000);
• acquisition of real estate of USD250,000 or its equivalent (previously USD 1,000,000), subject to a 3-year retention condition;