According to the law that was in force during the 2017-2018 period, foreign investors with an immovable property investment worth at least $1,000,000 became Turkish citizens.
The majority of the 70 foreign investors who became citizens of Turkey during the 2017-2018 period were from Iran (26). Out of the remaining 44 investors:
- 6 were from Yemen
- 5 were from Iraq
- 4 were from Palestine
- 3 were from China, Azerbaijan, and Afghanistan.
Citizens of Western countries such as the United States of America, the United Kingdom, and Canada, are also included in the list of Turkish citizens through investment.
On 18 September 2018, the immovable property investment limit was reduced to $250,000. According to the figures between September 2018 and November 2020: 7242 foreign investors from 93 countries became Turkish citizens with a total investment of $1,810,500,000 on immovable property. Out of the total, there were 1690 Iranians, 994 Afghans, 920 Iraqis, and 786 Yemenis.
During this period, 3 Germans, 71 Americans, 2 Argentinians, 10 Australians, 5 Brazilians, 17 Brits, 10 French, 2 Dutch, 31 Canadians, 76 Russians, 20 St. Kitts and Nevis citizens, 10 Antigua and Barbuda citizens, and 2 stateless individuals received Turkish citizenship by investing on immovable property.
Thus, with a total investment of $1,810,500,000 (approximately 14,4 billion TL), 7312 foreigners acquired Turkish citizenship between 2018 and 2020.