The minimum property value for Turkish citizenship is $400,000.
On May 13, 2022, changes regarding the acquisition of Turkish citizenship were published in the official gazette. According to the decision signed by President Recep Tayyip Erdoğan, the minimum amount for purchasing real estate to obtain Turkish citizenship for foreign citizens was raised to 400,000 US dollars. This amount had been reduced from 1 million to 250,000 dollars in 2018.
Similarly, Turkish citizenship can be granted to foreign nationals who invest at least $500,000 in the private pension system and remain in it for 3 years.
26 October
In the same rule adopted on January 5, 2022, the following options were also offered for obtaining Turkish citizenship:
- Invest at least 500,000 US dollars or the equivalent in another currency as a fixed capital investment based on the determination of the Ministry of Industry and Technology.
- Creating jobs for at least 50 people, as specified by the Ministry of Labor and Social Protection.
- Deposit a minimum of 500,000 US dollars or the equivalent in another currency in banks operating in Turkey, with the condition that it is maintained for 3 years, as specified by the Banking Regulation and Supervision Agency.
- Acquire government securities for an amount of at least 500,000 US dollars or the equivalent in another currency, with the condition of holding them for a period of 3 years, as specified by the Ministry of Finance.
- Acquire shares in a real estate investment fund for an amount of at least 500,000 US dollars or its equivalent in another currency, and shares in a venture capital fund on the condition that they are held for a period of 3 years, as determined by the Securities Commission.
It was also mentioned that a commission may be established in the Ministry of Internal Affairs to monitor the citizenship application process.
The Ministry of Environment and Urban Development stated in response to a questionnaire in 2021 that between 2018 and 2021, citizenship was granted to 19,630 foreign nationals in exchange for the purchase of real estate.
Similar measures have been taken in the countries of the European Union. For example, Portugal offers foreign citizens who purchase real estate worth 280,000 euros in sparsely populated areas the option to choose citizenship after a five-year period.
There are also similar programs in Malta, Greece, and other countries.
The United Kingdom has announced the cancellation of the residency by investment program for those who invest 2 million pounds sterling following the war in Ukraine. Since 2008, 2,581 investment visas have been issued to Russian citizens.
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