New Turkish citizenship rules to encourage investment
WHO BUY APARTMENT IN TURKEY PASSPORT IS WILL BE READ(ONLY 250.000 USD)
Turkey has reduced required limits for foreigners to acquire Turkish citizenship to encourage investment, according to new regulations published in the country’s Official Gazette on Wednesday.
The lower limit of fixed capital investments to acquire Turkish citizenship for foreigners is reduced to $500,000 from $2 million.
Foreigners who own real estate in Turkey worth a minimum $250,000, instead of $1 million, can avail Turkish citizenship.
The deposit requirement of minimum $3 million in Turkish banks is also lowered to $500,000.
The regulation also covers foreigners who deposit a minimum of $3 million in Turkish banks. A similar regulation applies to those foreign investors who hold government-issued bonds worth at least $500 million which are not diversified for three years.
Foreigners who generate jobs for minimum 50 people, — previous requirement was 100 people — also will be …
ISLAND OF THE PROMINENT
Astaş Holding completed its Villa, Flat and Hotel Project in Bodrum with the Mandarin Oriental Hotel Group. Created on a property of 600.000 square meters, the villa rates reached 6.000.000.- Euro. Well known names like Ferit Şahenk, Suzan Sabancı, Acun Ilıcalı and Cem Yılmaz became neighbors. Astaş Holding collecting properties of business men at Cennet Bay in Bodrum for its project is now nearly finished. The Holding cooperating with the luxurious hotel chain “Mandarin Oriental Hotel Group” at the project “The Residences at Mandarin Oriental” invested 225 Million Dollar for the property and 600 Million for the construction. The project, recently completed contains 98 villas and 116 luxurious flats. HE BOUGHT THE PROPERTIES DURING THE COFFEE CHAT
Vedat Aşçı, CEO of the Astaş Holding stated that they started the project by buying the property of 138.000 square meters of the Dedeman family : ” We bought the …
Vedat Aşçı stated, that they would carry out a common project on a property of 2 Million square meters in Bodrum, Tuzla bought together with Ferit Şahenk, CEO of the Doğuş Group. This project, serving the golf tourism, will also contain a golf academy. These facilities, also planned to host international competitions will include 5 football fields and around 40 tennis courts. He added that the construction will start at the end of this year : ” There will be 7 golf courts around this area and 2 of them will belong to us. Our project will be completed in 2 years”.