Baku, Azerbaijan, Jan. 12
By Orkhan Quluzade – Trend:
The government of Turkey has changed the procedure for granting citizenship to foreigners, the country’s Official Gazette (Resmi Gazete) reported Jan. 12.
In accordance with the changes, in order to get Turkey’s citizenship, foreign investors need to buy real estate worth over $1 million in this country provided that they will not sell it during three years.
Foreigners can also open a company in Turkey with more than hundred workplaces or invest more than $2 million in the company to obtain the country’s citizenship.
In order to become citizens of Turkey, foreign investors can also open an account with $3 million in a Turkish bank or purchase the government securities for the same price with a guarantee of three years.
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