In recent years, Turkish citizenship laws have undergone significant changes, attracting the attention of investors and foreigners seeking to benefit from the opportunities Turkey offers. This article will cover the latest updates and government decisions related to Turkish citizenship, with a focus on recent amendments affecting investors and expatriates.
Increase in Minimum Real Estate Investment Value
In 2022, the minimum value of real estate required for obtaining Turkish citizenship increased from $250,000 to $400,000. This amendment aims to enhance the quality of real estate investments in the country.
New Conditions for Investment Residency
Investors must now apply for investment residency before initiating the citizenship process. This requirement ensures a legal framework for investors to remain in Turkey during the citizenship application review period.
Mandatory Personal Presence
Applicants are now required to be physically present in Turkey when applying for citizenship and investment residency. This condition strengthens the seriousness of applicants and ensures their physical presence in the country.
No Criminal Record Certificate
Applicants must submit a "No Criminal Record" certificate from their home country, proving their clean criminal record before applying for Turkish citizenship.
In an administrative restructuring, Turkish citizenship files were transferred from the Directorate of Migration Management to the Civil Registry under the Ministry of Interior. This move aims to accelerate the processing of applications and simplify bureaucratic procedures.
These amendments reflect the Turkish government's commitment to enhancing transparency and quality in the citizenship process. For investors, this means meticulous planning and adherence to new conditions to ensure successful applications.
Turkey’s recent amendments aim to strengthen its appeal as an investment destination while ensuring the quality of investments and investors. Staying informed about these updates and adhering to the specified conditions is essential for expatriates and investors seeking Turkish citizenship. Proper planning and legal support can ensure a smooth and successful application process.