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Updated Sept 2018

Official Gazette Dated September 19 2018

Issue 30540;

Decision number 106

REGULATION ON THE IMPLEMENTATION OF THE LAW OF TURKISH CITIZENSHIP REGULATION

ARTICLE 1- The Regulation on the Implementation of the Turkish Citizenship Law put into force by the Decree of the Council of Ministers

(2) A foreigner who acquires any of the following conditions may acquire Turkish citizenship with the proposal of the Ministry and the decision of the Council of Ministers within the scope of paragraph (b) of the first paragraph of Article 12 of the Law:

A) Making a fixed capital investment for of at least 500,000 USD that is determined by the Ministry of Industry and Technology.

B) Acquiring at least 250,000 USD immovable property in Turkey and an annotation that the property shall not be transferred must be registered on the title deed, that is determined by the Ministry of Environment and Municipality;,

C) The Ministry of Labor and Social Security, which employs at least 50 people,

D) Investing at least 500.000 USD deposit into a bank account in Turkey provided that it must be kept for three years that is determined by the Banking Regulation and Supervision Agency,

D) Acquiring at least 500,000 USD Government’s debt instruments provided that it must be kept for three years that is determined by the Undersecretaries of Treasury and Finance

"(6) When the monetary values stated in the second paragraph are determined, the effective sales price of the Central Bank of Turkey at the date of determination shall be taken as basis.

The provisions of this Regulation are executed by the Council of Ministers.

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