Home Business Life If You Have 1.5 Million Dollars, You May Get Turkish Citizenship!

If You Have 1.5 Million Dollars, You May Get Turkish Citizenship!

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The Council of Ministers  has added a new sub clause to the second clause of article 20 of the Regulation on Turkish Citizenship Law enacted with the Cabinet Decision numbered 2010/39 and dated 11.02.2010.

When it is determined by the Capital Markets Board that a person has share of real estate investment trust valuing at 1.5 million USD or keeps share of venture capital investment for 3 years, he/she will be able to get Turkish Citizenship.

Previously, with the Cabinet Decision dated 12.01.2017, it has been decided that if a person keeps an asset valuing at 1 million USD for 3 years without selling it, or has fixed capital valuing at 2 million and deposits valuing at 3 million USD, he/she will have Turkish Citizenship.

Source: Ministry of Labor and Social Security

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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