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After Naturalization…Turkey Mulls Exempting Foreign Investors from Visas | ASHARQ AL-AWSAT English Archive 2005 -2017
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Turkey’s Foreign Minister Mevlut Cavusoglu addresses the media in Ankara, Turkey, July 29, 2016.

Ankara-Few days after announcing the bid to grant Turkish nationality for foreign investors and in an attempt to promote investment, Turkey’s Ministry of Foreign Affairs has been mulling to exempt foreign investors from visas or to facilitate their entrance to the country.

Turkey’s Minister of Foreign Affairs Mevlut Cavusoglu said that his ministry is currently studying the decision to exempt foreigners from visas and accept requests to receive more tourists.

On the other hand, during a press conference at the 9th Ambassadors Conference in Ankara, Cavusoglu called Turkish businessmen for the importance of not neglecting East and South-East Asia regions.

He noted that Turkey has started harvesting the results of the policy it adopted years ago towards the African continent and Latin America.

Turkey’s Cabinet has earlier approved new amendments on granting Turkish nationality for foreign citizens and was implemented on Thursday.

Under the virtue of this decision, whoever acquires an immovable property worth a minimum of U.S.D. 1,000,000 with a title deed restriction of not to sell for at least three years will be granted the nationality.

Moreover, those proven by the Ministry of Economy to have made a minimum of U.S.D. 2,000,000 of fixed capital investment, and those proven by the Ministry of Labor and Social Security to have created jobs for at least 100 people will also be granted nationality.

The nationality could also be granted to those proven by the Banking Regulation and Supervision Agency to have deposited at least U.S.D. 3,000,000 in banks operating in Turkey with the condition of not to withdraw for at least three years, and those who have bought at least U.S.D. 3,000,000 worth of government bonds and provided they are not sold over the course of three years.