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Decision No: 106
It has been decided to put the attached “Regulation Regarding Amendment of Legislation on Application of Turkish Citizenship Law” into force as per Article 46 of Turkish Citizenship Law no. 5901.
September 18, 2018
Recep Tayyip ERDOĞAN
PRESIDENT

REGULATION REGARDING AMENDMENT OF LEGISLATION ON APPLICATION
OF TURKISH CITIZENSHIP LAW


ARTICLE 1- In the second paragraph of article 20 of Legislation on Application of Turkish Citizenship Law dated 11/2/2010 and no. 2010/139, put into force with the decision of the Cabinet, “Offer of the Ministry and Cabinet” expression has been changed to “President”, “2.000.000 US Dollars”, “by the Ministry of Economy” statements in sub-paragraph (a) of the same paragraph has been changed to “500.00 US Dollars or equivalent foreign currency or equivalent Turkish Liras”, “by the Ministry of Industry and Technology” respectively, “1.000.000 US Dollars” statement in sub-paragraph (b) has been changed to “25.000.000 US Dollars or equivalent foreign currency or equivalent Turkish Liras”, “100”, “by the Ministry of Labor and Social Security” statements in sub-paragraph (c) has been changed to “50”, “by the Ministry of Family, Labor and Social Services” respectively, “3.000.000 US Dollars” statement in sub-paragraph (ç) has been changed to “500.000 US Dollars or equivalent foreign currency or equivalent Turkish Liras”, “3.000.000 US Dollars”, “by the Undersecretariat of Treasury” statements in sub-paragraph (d) has been changed to “500.000 US Dollars or equivalent foreign currency or equivalent Turkish Liras”, “ by the Ministry of treasury and Finance”, sub paragraph (e) has been changed as “Purchase provided that they keep real estate investment fund attendance share or venture capital investment fund attendance share with a value of minimum 500.000 US Dollars or equivalent foreign currency or equivalent Turkish Liras for minimum three years, determined by the Capital markets Board.”

ARTICLE 2- “and/or cross foreign exchange rate” statement has been added after “effective selling rate” statement in paragraph six of article 20 of the same Legislation.

ARTICLE3- The following paragraphs have been added to article 20 of the same Legislation.

“(7) A commission consisting of the representatives of Ministry of Family, Labor and Social Services, Ministry of Environment and Urbanization, Ministry of Treasure and Finance, Ministry of Industry and Technology within the Ministry of Interior for monitoring the process regarding the application for acquiring citizenship to be made within the scope of paragraph two.

(8) Transitivity between the investment types to be made within the scope of the second paragraph is possible to complete the determined duration.”

ARTICLE 4- This Legislation is put into force on the date of issue.

ARTICLE 5- Provisions of this Legislation are enforced by the President.