If you are rich and want to acquire Turkish citizenship, then congrats, your wish has come true. Turkey has significantly eased requirements for acquiring Turkish citizenship. The new regulations reduce the limits for fixed capital investments to acquire Turkish citizenship, reducing the investment from $2 million to $500,000. Additionally, foreigners who own real estate in Turkey worth a minimum of $250,000, instead of $1 million, can also acquire Turkish citizenship.
The aim of the amendment is to attract foreign investment after the collapse of the Turkish lira and the real-estate sector. House sales across Turkey have declined 12.5 percenton a yearly basis in August with a more than 67 percent yearly decrease in mortgage sales. Morover, the Turkish central bank’s total foreign currency reserves have fallensince April 2010.
Taking a look at the International Classification of Passports around the world, there is one clear conclusion: the new Turkish nationality…
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