New Turkish citizenship rules to
reduced required limits for foreigners to acquire Turkish citizenship to
encourage investment, according to new regulations published in the country's
Official Gazette on Wednesday.
limit of fixed capital investments to acquire Turkish citizenship for
foreigners is reduced to $500,000 from $2 million.
who own real estate in Turkey worth a minimum $250,000, instead of $1 million,
can avail Turkish citizenship.
requirement of minimum $3 million in Turkish banks is also lowered to $500,000.
regulation also covers foreigners who deposit a minimum of $3 million in
Turkish banks. A similar regulation applies to those foreign investors who hold
government-issued bonds worth at least $500 million which are not diversified
for three years.
who generate jobs for minimum 50 people, -- previous requirement was 100 people
-- also will be able to take Turkish citizenship.
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