Turkey grants citizenship to 981 investors since September

Turkey has granted citizenship to 981 foreign investors since the passing a law in September to allow anyone investing $500,000 to become a Turkish national, the pro-government Sabah newspaper said on Friday.

Turkey received a total of $1 billion in foreign investment from some 2,700 applicants, Sabah said, citing an Interior Ministry report.

Citizens of the United States, Canada, China, Russia, Italy, Australia and Greece were among those granted Turkish citizenship, Sabah said.

With the new regulation, the fixed investment capital required to qualify for citizenship dropped from $2 million to $500,000. The previous requirement allowed owners of a property worth $1 million who did not sell it for three years to claim citizenship. This amount was reduced to $250,000.

There were 253 Iranians who received the Turkish citizenship. 143 people from Iraq, 97 people from Yemen, 94 from Afghanistan and 59 from Syria are the top 5 countries among applicants.