Turkey slashes investment requirements for citizenship
Faced with a crumbling economy, a currency that has lost 40% of its value, and unsuccessful efforts by the central bank to stop the spiral, Turkey has reduced requirements for investors seeking citizenship. The state reduced the amount of capital investment required for citizenship from $2 million USD to $500,000 USD, and opened citizenship up to anybody with bank deposits or real estate worth $500,000. Previous levels were this citizenship path were $3 million in bank deposits or $1 million in real estate. Furthermore, citizenship is also available for those who employ over 50 people, down from the previous threshold of 100. These new laws will likely be most popular among Syrian businessmen that have moved to Turkey and have been unable to travel due to passport restrictions on Syrian nationals.