| Date: | Thursday, January 12, 2023 |
Immigration to Turkey through real estate investment is the fastest and easiest way to immigrate and obtain.
What are the new amendments to the Turkish Citizenship Law 2022?
Immigration to Turkey through real estate investment is the fastest and easiest way to immigrate and obtain Turkish citizenship.
In general, immigration by investment in Turkey is an option for money owners who want to move to Turkey quickly and obtain citizenship within 3 to 6 months.
At the present time, Turkey is one of the most famous countries in the world in terms of investment, as the attention of investors was directed towards Turkey to take advantage of the advantages offered by the Turkish state to investors.
New amendments to the Nationality Law of 2022
According to Anatolia Agency, Turkey announced, Thursday, 01/06/2022, that it will make amendments to the conditions for obtaining citizenship through exceptional methods such as investing or buying real estate, whereby foreigners who wish will have to sell the foreign currencies specified in the law, to the Central Bank of Turkey.
According to the "Regulation for Amending the Regulations relating to the Application of the Turkish Citizenship Law", which was published in the Official Gazette, Thursday, foreign currencies that are deposited in Turkish banks, in order to obtain Turkish citizenship, will be sold to the Central Bank.
In mid-2019, Turkey made amendments to obtaining Turkish citizenship in exceptional ways, such as investing, buying real estate, or hiring citizens.
According to the recent amendments, a foreigner can obtain Turkish citizenship if he buys a property worth more than 250 thousand US dollars, but on the condition that the property is not sold within a period of 3 years.
In another amendment, the condition of depositing a sum of money in Turkish banks in exchange for citizenship was amended, as the condition now stipulates the deposit of $500,000.
The amendments also stipulate setting the value of the fixed investment in exchange for citizenship at $500,000.
In this context and under the "Regulation on Amending the Regulations Concerning the Application of the Turkish Citizenship Law", a foreigner wishing to obtain Turkish citizenship, through one of the above-mentioned methods, will sell his specified foreign currencies to the Central Bank of Turkey through active banks in the country.
The Turkish lira that resulted from selling the dollar to the Turkish Central Bank will be kept in lira accounts with banks, or with one of the government debt instruments, for a period of no less than 3 years.
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