New conditions and procedures related to obtaining Turkish citizenship

According to the latest announcement published in the Official Gazette, The amount required to obtain citizenship must be in foreign currency only, not the Turkish lira. While the amount remains the same. Before this current change, Foreigners could transfer the amounts in Turkish lira if they wanted to. The amount obtained as a result of the sale will be kept for three years in deposits in Turkish lira and government debt instruments denominated in Turkish lira. Matters related to it will be determined by the Central Bank. Committee to monitor citizenship processes with the same changes, The formation of the monitoring committee came into effect. A committee composed of representatives of the Ministry of Labor and Social Security may be established, and the ministry of the environment, urbanization and climate change, and Ministry of Treasury, Finance, Industry and Technology, Within the Ministry of Interior to monitor the process related to citizenship applications

What are the amounts required to obtain Turkish citizenship:
The amount changes according to people’s goals, whether they buy real estate or invest in fixed capital. The following are the total amounts required to obtain Turkish citizenship

A minimum of 500,000 US dollars or its equivalent in foreign currency to invest in fixed capital.

And at least 400,000 US dollars or its equivalent in foreign currency from immovable purchases, Provided that the owner keeps it for three years.

Creating job opportunities for at least 50 people. Deposit of at least 500,000 US dollars or its equivalent in foreign currencies in banks operating in Turkey, provided that it is kept for three years

Purchasing government instruments with a value of not less than 500,000 US dollars and its equivalent in foreign currency, provided that they are kept for a period of three years.

Buying a share in a real estate investment fund and a share in a venture capital investment fund, provided that they are kept for three years.

While these terms remain the same as before, Every action will be monitored by a different government body now.