
Turkey Revokes 6,134 CBI Citizenships in Program-Wide Sweep
Cancelled citizens revert to foreigner status with one year to sell their Turkish property, or the Treasury sells it for them.

Cancelled citizens revert to foreigner status with one year to sell their Turkish property, or the Treasury sells it for them.

Erdogan frames the package as a bid to pull capital away from war-hit Gulf hubs; the centerpiece is a 20-year personal tax holiday.

Taymour Polding of CIP Turkey speaks to IMI about how the results of the Turkish election will impact the country’s citizenship by investment program.

Demand for Turkish CBI still robust, but program’s future isn’t guaranteed. “We may not have a program by this time next year,” says Polding.

Most Turkey CIP investors were spending well above the $250,000 anyway, looking as much to prospective ROI as to the prospect of citizenship.

“There is still a very small window of opportunity to beat the price-increase deadline. But quick and decisive action would be required.”