ARTICLE · 06 MARCH 2019

Acquisition Of Turkish Citizenship Via Investment

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Until the recent framework changes, Turkey had a very strict policy when it came to granting citizenships to foreigner, and especially did not grant citizenships based on any kind of investment.

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I. OVERVIEW

Until the recent framework changes, Turkey had a very strict policy when it came to granting citizenships to foreigner, and especially did not grant citizenships based on any kind of investment. The reasons for such strict policy vary, although it is widely accepted that this was due to the unique geographic position of Turkey and the instability of the region to its east. In any case, until recently an investment or direct immigration inquiry did not open any direct channels for immigration. However, this regime was changed with the Council of Ministers decision No. 2016/9601, published at the Legislative Journal dated January 12, 2017, which implemented a new policy regarding citizenship applications. With these changes, purchasing real estate investment funds and/or venture capital investment funds now allows foreigners to obtain citizenship.

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