Turkey offers citizenship to foreigners investing a minimum of USD1 mil in real estate.
Amid concerns over security and the depreciating Turkish Lira, the Turkish government has announced a new investment scheme targeted at foreigners. With a minimum of USD1 mil invested in property, a foreigner can get Turkish citizenship. Citizenship will also be offered to foreigners who make a fixed capital investment of at least USD2 mil, keep at least USD3 mil in a bank account for at least three years or create at least 100 jobs in the country.
Turkey is a country full of historical and unique tourist attractions attracting visitors from all over the world, some of whom have bought properties especially in Istanbul and Izmir. The latter is popular for its beaches and proximity to historical sites like the Roman ruins in Ephesus and Virgin Mary house. Buyers come mainly from Saudi Arabia, Kuwait and Russia.