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Since Turkey’s citizenship by investment amount has increased to $400,000, what will happen with my existing application?

I have submitted my application but haven’t yet invested or been approved. Will I be required to invest the new amount now? Did this change bring about any other changes to the program?


Answers
  • ADMD Mavioglu & Alkan Law Office
    June 16, 2022

    There should be a misunderstanding since one cannot make a submission of application for CBI without first making the investment and getting the conformity approval from the relevant administration. Therefore, if no investment is made until today (June 16, 2022), new applications will be based on $400k (an exemption was provided for filing for title transfer reservation to the online system until June 12, 2022 midnight, for real estate purchases to be made, where the investment amount should already have been transferred to the seller beforehand).