UGLOBAL . COM 29 income or assets , thus making investments in Turkey a great opportunity for investors .
INVESTMENT OPTIONS FOR TURKEY ’ S CITIZENSHIP BY INVESTMENT PROGRAM
In accordance with new regulations , investors who meet one of the below investment requirements are eligible to apply for and obtain Turkish citizenship .
The first option is property investment . This investment amount must be at least $ 400.000 with a condition to keep the property for the 3 years . In June 2022 , it was announced by the Turkish Government that the minimum investment amount increased from $ 250,000 to $ 400,000 for this investment option .
Another option is depositing cash into a Turkish bank . The minimum amount for this investment option is $ 500,000 and the investment amount must be kept in the bank account for at least 3 years . The funds must be converted and deposited into the bank account in Turkish Lira ( TRY ).
A new Time Deposit Product called “ YUVAM Account ” has recently come into effect . Accordingly , the deposit and participation fund holders who converted their foreign currency deposit accounts and participation funds into Turkish Lira Time Deposit accounts would be able to benefit from such incentive . YUVAM is a special Turkish Lira Time Deposit account that provides the account holders with protection of the value of their funds against the exchange rate volatility and offers an extra yield , with the condition to meet the required criteria .
The third option is to invest a fixed capital minimum of $ 500,000 . The investment must be approved by the Turkish Ministry of Industry and Technology .
A different route to Turkish CBI is to purchase Turkish Government Bonds and Bills ( minimum $ 500,000 ) and hold them for at least 3 years . The Ministry of Treasury and Finance of Turkey is authorized to confirm this investment .
The next option is to invest with a minimum amount of $ 500,000 into a Turkish real estate investment trust or to purchase a share of a Turkish Venture Capital Investment Fund . Another option is recruiting 50 employees in Turkey , to be confirmed by the Turkish Ministry of Labor and Social Security .
The last option that investors may choose is to deposit a minimum of $ 500,000 in funds determined by the Turkish