VISITORS TO STAY IN TURKEY

VISITORS TO STAY IN TURKEY

VISITORS TO STAY IN TURKEY

Foreigners regard Turkey as their second home which gives the seat as the most preferred country to buy real estate to Turkey.

According to the data provided by the Ministry of Internal Affairs Population and Citizenship Affairs Department:

2,611 foreign investors have attained the Turkish passport after the alterations has been done in the regulation for implementation of Turkish Citizenship. The accurate number is total of 9,962 along with their family members.

Iraq, USA, Russia, Canada, Dominican Republic, Brazil, Union of the Comoros are some of the top countries that invested in Turkey.

The price to acquire Turkish citizenship has been changed from 2,000,000 USD to 500,000 USD. Attaining citizenship through 1,000,000 USD worth real estate investment has been reduced to 250,000 USD. In addition to this arrangement, the buyer cannot rent or sell the property the first 3 years after the purchase.

The business owners will be able to attain the passport by hiring 50 Turkish employees instead of 100 which used to be the previous required number.

Another way to acquire the passport is to invest in an effective Turkish bank 500,000 USD and keep the money in for three years.

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