New Turkish Citizenship Rules Announced
Recent changes to the Turkish citizenship-by-investment program have been published in the official government source, the Resmi Gazette. These updates introduce new rules that affect how foreign buyers and investors qualify for citizenship. While the core requirements remain the same, certain financial procedures have been adjusted to reflect current economic conditions.
Key Changes to the Citizenship-by-Investment Program
The first major change is the introduction of foreign currency–based calculations for investment amounts. Previously, the qualifying value for property investment could be calculated in Turkish Lira. Now, the required amount is determined only in US dollars or the equivalent in another foreign currency. This adjustment removes the impact of currency fluctuations when assessing eligibility.
The second important change concerns how investment funds are processed. Foreign currency used for qualifying investments must now be sold to the Central Bank of Turkey through public or private banks. These funds will then be held in accounts denominated in Turkish Lira. This policy supports financial stability and ensures centralised management of investment inflows.
Requirements That Remain Unchanged
Although financial procedures have been updated, the main criteria for obtaining Turkish citizenship remain the same. Applicants can still qualify through several investment routes, including:
Purchasing real estate with a minimum value of €400,000
Depositing €500,000 in a Turkish bank
Purchasing national securities from €500,000
Investing €500,000 in government bonds
Buying shares of Turkish investment funds from €500,000
Establishing a business that creates at least 50 jobs
These core pathways continue to offer flexibility for individuals who want to acquire citizenship through property, finance, or entrepreneurship.
Why These Changes Matter for Investors
The new rules aim to stabilise investment valuation and encourage the use of foreign currency in the financial system. Investors will now have more predictable entry requirements, as investment thresholds will no longer shift with exchange rate volatility. Additionally, routing funds through the Central Bank ensures transparency and strengthens the economic framework surrounding the program.
Conclusion
The Turkish citizenship-by-investment program remains a popular choice for global investors. Although several financial procedures have changed, the main qualification routes continue to offer accessible pathways for acquiring citizenship. Understanding these new rules helps investors navigate the process more confidently and prepare the required funds in line with the updated regulations.
