This information is reported by the media, citing the General Directorate of Migration Management of Turkey. There is talk of increasing the minimum investment amount by 1.5 times: from $400,000 to $600,000. Usually, changes in the conditions of citizenship-by-investment programs do not apply retroactively. This means that until the end of December 2023, investors can still apply for a Turkish passport by purchasing real estate worth at least $400,000.
Changes to the Turkish passport by investment program: increasing the minimum investment amount
In October 2023, Turkey tightened the conditions of another investment program: the minimum property value for obtaining a residence permit increased from $75,000 to $200,000. It is still possible to obtain Turkish citizenship under the previous conditions. The minimum investment amount in real estate is $400,000, whereas $500,000 is the minimum threshold for investments in Turkish business, opening a deposit, purchasing government bonds, or shares in investment funds.
ADVANTAGES:
With a Turkish passport, investors can travel visa-free to 113 countries worldwide and obtain long-term visas to Schengen Agreement countries and the USA. The procedure for obtaining a Turkish passport usually takes 6 to 8 months.
If you were planning to obtain a second passport in Turkey under the old conditions, we invite you to discuss the details with the experts at Mercury Group.
Properties in Turkey
Catalogue
Special offers
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- House, For sale
- ID: ES-92-57881
- Spain, Costa Brava, Sant Antoni de Calonge
Modern villa in Torre Valentina, Sant Antoni de Calonge, Costa Brava, Spain
- € 2 500 000
- House, For sale
- ID: LV-126525
- Latvia, Jurmala and region, Melluzi
Brand new private villa in the quiet area of Jurmala for sale
- € 4 350 000
- House, For sale
- ID: IT-39-129711
- Greece, Aegean Islands, Alonisos
FOR SALE TWO LUXURY VILLAS WITH POOL AND LAND ON THE ISLAND OF ALONISOS - GREECE
- € 894 500
- Apartment, For sale
- ID: ME-197-129701
- Montenegro, Lustica, Lustica
Deluxe apartment in Montenegro
- € 2 225 700
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- ID: ME-197-98537
- Montenegro, Lustica, Lustica
Delightful villa in a golf resort
- € 681 158
- House, For sale
- ID: AE-34-93594
- UAE, Dubai
Dana Bay from to Dubai
- € 209 000
- Apartment, For sale
- ID: ES-134-77560
- Spain, Madrid
Two bedroom apartment in the premium complex in Madrid (possibility of installment)
- upon request
- House, For sale
- ID: IT-39-69056
- Italy, Lombardia, Brescia
VILLA WITH POOL ON LAKE GARDA (LOMBARDY)
- € 380 000
- Twin Houses, For sale
- ID: GR-152-71710
- Greece, Crete, Kalyves
Premium townhouse with two bedrooms, pool and sea views