Feb 16 in Real Estate Portfolios
Written by: adminexpat
$ 250.000 will be enough for Turkish Citizenship for a foreigner instead of $1.000.000 by the change in law in May.
Turkish Government works on the enforcement rules letting foreigners get Turkish citizenship. The bag law which is planned to be issued in May will decrease the required minimum amount to get citizenship by more than half. Currently, required property purchase amount for citizenship is $1.000.000. After the change in law, any foreigner may take citizenship by buying a property whose worth is more than $ 250.000. Only condition which will remain is that the property cannot be sold for next 3 years.
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