Turkey To Grant Citizenship to Rich Foreigners

Turkey will grant citizenship to foreigners if they fulfill certain financial conditions, read a decision of the authorities published in the State Gazette on January 12, reported BGNES.

“Foreigners who purchase real estate property to the amount of a minimum of USD 1 M on the condition that they do not sell it for a period of three years, who make capital investments to the amount of over USD 2 M or prove that they have deposited more than USD 3 M in Turkish banks or that they hold such an amount in debt instruments of the country for a period of minimum three years will be granted Turkish citizenship,” read the ordinance.

Turkish citizenship can also be granted to persons who prove that they have created a minimum of 100 new jobs in the country.

Meanwhile, Turkish real estate companies announced that real estate property for a minimum of USD 10 B can be sold if citizenship or residence permits are guaranteed to foreigners buying houses in Turkey.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!