Turkish Citizenship by Investment Program Updates in 2022 | $400,000 Property Purchase Requirement

Regulation changes in the Turkish Citizenship by Investment Program in 2022

I explain the regulation changes in the Turkish Citizenship by Investment Program in 2022. The property investment amount was increased to $400,000. I go over the government decree on the official gazette. I explain the impact of new rules on foreigners' acquisition of citizenship in Turkey. Feel free to comment on this video if you have any questions!

Section 1: Increase of property investment amount to $400,000
- On 12 May 2022, the new citizenship by investment regulation was published officially.
- The property investment amount was increased from $250,000 to $400,000.
- This rule will be effective 1 month after the official publication.
- Until this date (12 June 2022), foreigners can invest $250,000 and receive citizenship. After this date, the foreigners need to invest $400,000 in property.

Section 2: Private Pension Fund Investment for Citizenship
- There are private pension funds that are managed by banks and professional fund management companies
- With this new alternative, foreigners can invest $500,000 in private pension fund for 3 years and can be eligible for citizenship.

Section 3: Exchange of foreign currency to Turkish Lira
- There is a new article that regulates the currency exchange of foreign investment
- The foreign currency will be exchanged by the bank and then by the Central Bank of Turkey