Turkey declared in its official newspaper on January 6 that to obtain Turkish citizenship via the CPI turkey route, one must now invest in foreign cash, not Turkish Lira. To get a Turkish passport, an individual must now support at least $500,000 in the nation or acquire real estate valued at more than $250,000 due to changes in cpi turkey. It’s no secret that Turkey has struggled to keep up with Europe’s fast developments. It’s a country that has seen a lot of turbulence in recent years, and it appears as though the problems will only grow worse. However, do not despair; if you’re curious about what’s happening in Turkey, there’s a decent chance you’ll learn about it here. This blog post will examine how Turkey citizenship requirements are altering. Citizenship is available to those determined by the Ministry of Industry and Technology to have invested at least $500,000 in the country, to those who have spent at least $250,000 on property in Turkey and retained it for at least three years, to those determined by the Ministry of Labor and Social Security to employ at least 50 people, and to those who have deposited at least $500,000 in Turkish banks and retained it for at least three years. Investor immigrants are now required to exchange their foreign currency before the transaction and convert it to Turkish liras to fulfill the investment criteria. Following that, the bank must exchange the foreign currency via the Central Bank (“CBRT “). Therefore, keeping track of your investment amount is critical, as the deposit will remain in Turkish liras for at least three years, posing an enhanced exchange rate risk.