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Recent Changes in the Governing Regulations of Turkish Citizenship Code


Recent Changes in the Governing Regulations of Turkish Citizenship Code

According to this new change; when you individually purchase a property in Turkey which has a value of at least 1.000.000,00 USD or make a fixed investment in Turkey of a total amount of 2.000.000,00 USD foreign investors will be granted Turkish Republic Citizenship.

New incentives for foreign investors on the way

Deputy Prime Minister Numan Kurtulmuş said they are working on arrangements that would provide new incentives and advantages for foreign property sales.

Deputy Prime Minister Numan Kurtulmuş said that incentives for foreign investors to buy housing will be boosted in the coming period. Following the meeting of the Council of Ministers held, Kurtulmuş said: "The new incentives and advantages for foreign residential sales will be brought to life"

New incentives for foreign residential sales

The excitement created in the real estate sector by the recognition of the citizenship right of foreigners that invest in Turkey in the past month seems to be strengthened with new incentives. Following the meeting of the Council of Ministers held, Deputy Prime Minister Numan Kurtulmuş, who has been in the evaluations, stated that they continue to work on the new incentive program. Kurtulmuş said: "A number of applications have begun in the sale to foreigners, and new releases are being planned."

Asset Fund disclosure

Kurtulmuş, who recently made an assessment of the Turkey Asset Fund that determines the country's agenda, said: "Our aim is to create a strong asset structure in the hands of the state,that will be a guarantee against external interventions in the Turkish economy."

 

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