Turkish Citizenship Law for foreign nationals

1. Turkish Citizenship Law for foreign nationals

2. The introduction of new regulations published in Official Gazette in 2018 has made it simpler for foreign nationals to obtain Turkish citizenship. Turkish Citizenship Law provides two ways of obtaining citizenship:

3. Citizenship by naturalization • One who lived in the country without interruption for at least five years prior to the date on which one has applied. Reduced to 3 years if married to Turkish citizen or if you had been born on this soil – to any foreigner. • Financially stable enough to support his family • Sound physical health and mental stability • No records of committing any crime.

4. Citizenship by investment • As per law no 5909, if a foreigner opts for any of the following investments in Turkey, he is eligible for applying for citizenship. • Real estate investment worth a minimum of 250,000 USD or equivalent Turkish lira without selling it for 3 years. • Minimum fixed capital investment worth 500,000. • Applicant should deposit at least 500,000 USD in one of the national banks of Turkey ensuring no withdrawal for at least 3 years. • Employment provided to at least 50 Turkish workers by the applicant.

5. Turkish government keeps an eye on the investments declared by the applicant. If verification is successful, within six months, citizenship will be granted to the applicant and his family. In short, buying a property in Turkey ensures that make profitable investment and be a Turkish citizen all at once.

6. To obtain Turkish citizenship through investment, the best way is to look for apartments in Turkey. Turkey was a late beginner in the development and promotion of its real estate market. So the prices are a little low as compared to western countries. Istanbul, its largest city, has a thriving property market, followed by places like Fethiye, Bodrum and Antalya. Source Url https://www.movellas.com/blog/show/202001071254046073/turkish-citizenship-law-for-foreign-nationals