Translation of the Decision to Grant Turkish Citizenship to Investors

Translation of the Decision to Grant Turkish Citizenship to Investors

Translation of the Decision to Grant Turkish Citizenship to Investors
11,037
2018-09-20 Last update 2020-08-27

Translation of the Decision to Grant Turkish Citizenship to Investors

Resolution number: 106

Under Article 46 of the Turkish Citizenship Law No. 5901, an amendment decision has been taken in the application of the Turkish Citizenship Law

18 September 2018

Recep Tayyip ERDOGAN

President of the Republic

A DECISION TO AMEND THE APPLICATION OF THE TURKISH CITIZENSHIP GRANTING LAW

Article 1

The Law relating to the Turkish citizenship in force has been amended in accordance with the Council of Minister's decision dated 11/2/2010, No. 1/2010/2010.

By amending the term "as requested by the Council of Ministers and the Minister" in Article 20 of the Law, with the term "as requested by the President of the Republic".  

And amending the terms in item (a) of the same paragraph, instead of the term "2,000,000 USD" "Ministry of Economy" terms "500,000 USD or what equals in Turkish Lira" "Ministry of Industry and Technologies "... are put.

And amending the terms in item (b), Instead of the term "1,000,000 USD" the term "250,000 USD or equivalent in Turkish Lira".

And amending the terms in item (c) Instead of the term "100" "Ministry of Labor and Social Security" the term "50" is put in order"Ministry of Labor and Social Security".

And amending the terms in item (ç) Instead of "3,000,000 USD" "Treasury Advisory" terms "500,000 or equivalent to Turkish Lira" "Ministry of Treasury and Finance" are put.

And amending the term (d) in this way: "Foreign currency of at least 500,000 USD or at least what equals this amount of money, or a real estate investment equivalent to that amount, or capital investment provided that this investment is to be maintained for at least three years, and verifying that by the Capital Markets Authority."

Article 2

The terms "and/or the equivalent exchange rate" have been added to the terms "applicable exchange rate" of paragraph 6 of Article 20 of the same Law.

Article 3

The following paragraphs have been added to Article 20 of the same Law.

"(7) A committee will be established in the context of the second paragraph related to the applications for obtaining citizenship and this committee will follow up the relevant procedures in this context. The committee will consist of Ministries of the: Interior, Family, Labor and Social Services, Environment and urbanization, Treasury and Finance, Industry and Technologies.

(8) A consolidation could be made to complete the identification period for the types of investments to be made in the context of the second paragraph.

Article 4

This Law shall enter into force on the date of its publication.

Article 5

The President of the Republic shall apply the provisions of this Law.
Turkish citizenship

More from Imtilak
The Economy of Turkey 2020 - Strengths, Weaknesses, and Future Expectations

Learn about the most important elements of the Turkish economy in 2020, its strengths, weaknesses, and future expectatio...

2020-04-03
9,672
Information about Kadikoy Area in the Asian part of Istanbul

Learn more about Kadikoy area in the Asia part of Istanbul, and its most important landmarks, most beautiful areas, and...

2020-04-02
4,705
Tips for Buying an Apartment in Turkey

If you plan to make a search visit to several properties in order to buy an apartment, do not rush to make a purchase an...

2019-12-05
7,048
Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them