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Obtaining Turkish citizenship through possession

According to the new law issued by the Turkish government regarding foreigners obtaining Turkish citizenship by owning real estate and investing in Turkey

On Wednesday, the Turkish government explicitly relaxed the required conditions and financial and investment standards required for foreigners to obtain Turkish citizenship, according to amended rules published in the Official Gazette, and a decision to amend the executive regulations on the application of the citizenship law came in several ways, in a clear way to reduce the Turkish government, Wednesday, the required conditions and the financial and investment criteria required to obtain foreign citizenship for Turkish citizenship, according to amended rules published by the Official Gazette and the decision to amend the executive regulations on the application of the citizenship law, in several ways :

- Buying a property worth $ 250,000 instead of at least one million dollars and not selling it for three years

- Fixed investment with a value of no less than 500 thousand USD

- Providing job opportunities for at least 50 Turkish citizens instead of 100 citizens

- Reducing the value of the deposit requirement in Turkish banks from 3 million dollars to 500 thousand dollars for a period of three years

- Purchase through the state borrowing instruments in the amount of 500 thousand US dollars or the equivalent in foreign currency or Turkish lira

- It is worth noting that the Turkish government announced last year that it provided an opportunity for foreign investors to apply for Turkish citizenship

The conditions previously included buying a property worth at least one million US dollars and not selling it for three years, or fixed investment with a value of no less than 2 million US dollars, providing a job opportunity for at least 100 Turkish citizens, or depositing 3 million dollars in Turkish banks for three years

A committee will be formed consisting of representatives from the ministries of the Interior, Treasury, Finance, Environment, Urban Development, Labor, Social and Family Services, Industry and Technology, to monitor and follow-up of applicants for Turkish citizenship