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With the decree published in the Official Gazette dated 06.01.2022, amendments were made to the regulation on the admission of foreign citizens to the citizenship of the Republic of Turkey by meeting certain conditions. According to the decree, the investment amount will be determined in foreign currency to obtain the right to Turkish citizenship in exchange for a certain period of investment, purchase of real estate, and holding securities in banks for a certain period of time. Thus, in the previous application, the determination of the equivalent of the amount in TL was terminated in the application for obtaining the right to Turkish citizenship, which was determined as TL in exchange for foreign currency or equivalent, and the amounts were not changed.
According to the decision taken at the Presidential cabinet meeting held on 12.04.2022, the amount of investment, which is 250 000 dollars sought for the acquisition of Turkish citizenship, will be increased to 400 000 dollars.
The amendment has not yet been published in the Official Gazette. It will enter into force after publication in the Official Gazette. In the new process, foreign investors who have invested 400 000 dollars and have a 3-year unsalable commentary in the title deed will have the right to apply for Turkish citizenship. The investment of 250 000 dollars will no longer be sufficient for applying.