Number of Foreign Nationals Granted Turkish Citizenship After Amendments to the Investment Citizenship Law

The General Directorate of Population and Citizenship Affairs of Turkey announced the number of foreign nationals who have obtained Turkish citizenship following the recent amendments to the Investment Citizenship Law. According to the latest figures, 977 foreign investors have been granted Turkish citizenship, highlighting the increasing demand for Turkish citizenship by investment.

Iranian Investors Lead the Way

Iranian investors top the list, with 253 nationals receiving Turkish citizenship. This reflects the growing interest from Iranians in investing in Turkey. Iraqi investors came in second, with 143 citizens obtaining Turkish citizenship, while Yemeni nationals ranked third with 97 new citizens.

Other Foreign Investors

Afghan investors ranked fourth, with 94 nationals granted citizenship, followed by Syrians with 59 new citizens. Palestinian investors held the sixth spot, with 58 nationals obtaining Turkish citizenship, followed by Jordanians (57 nationals) and Egyptians (45 nationals).

Investment Volume and Key Figures

Since the introduction of the amendments to the Turkish citizenship law, around 2,700 foreign investors have applied for citizenship, with a total investment value estimated at around 1 billion USD. This underscores the appeal of the Turkish investment market to foreign investors, particularly in real estate and fixed financial investments, highlighting the critical role of real estate investment in Turkey as a pathway to citizenship.

Main Routes to Obtaining Turkish Citizenship via Investment

Foreign nationals can obtain Turkish citizenship through three primary investment routes:

1. Purchasing property in Turkey worth at least 250,000 USD, with a commitment not to sell the property for three years.

2. Depositing 500,000 USD in a Turkish bank.

3. Making a fixed investment of 500,000 USD.

These amendments have made real estate investment in Turkey a golden opportunity for those seeking Turkish citizenship, especially given the country’s economic stability and the promising real estate investment opportunities that attract numerous foreign investors from various nationalities.