Official Gazette ‘s decision No. 106, published in today’s issue of foreign Turkey changed some regulations related to the transition to citizenship. Turkey intended to qualify for citizenship fixed capital amount was reduced to $ 2 million 500 thousand dollars. The minimum amount required for the transition to citizenship of immovable property to foreigners in Turkey have also withdrew 250 thousand US dollars to 1 million dollars.
Some embodiments related to the transition of foreigners
published in the Official Gazette No. 106 was changed resolution. The article published in the signature of President Recep Tayyip Erdoğan was amended in Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law, which was enacted in 2010, to enable foreigners to acquire Kanunu exceptionally Turkish citizenship President.
According to the new regulations, Turkey intended to qualify for citizenship fixed capital amount was reduced to $ 2 million 500 thousand dollars.
In addition, the minimum needed for the transition to the real price of real estate with foreign citizenship in Turkey withdrew 250 thousand US dollars to 1 million dollars.
Again, the expression of providing employment to at least 100 people, which are among the conditions of eligibility to citizenship, was changed to 50 people. to keep the amount of deposits in banks in Turkey to earn the right to pass on citizenship was reduced to $ 3 million 500 thousand dollars.
THAT IS THE REGULATION:
Following the amendments made by the President’s decision, the second paragraph of Article 20 of the related regulation was as follows:
“(2) The foreigner providing any of the following conditions may acquire Turkish citizenship by the decision of the President under Article (b) of the first paragraph of Article 12 of the Law:
a) determined by the Ministry of Industry and Technology where it has made a fixed capital investment of at least USD 500,000 or equivalent foreign currency or equivalent Turkish Lira;
b) The amount determined by the Ministry of Environment and Urbanization purchased by the Ministry of Environment and Urbanization on condition that the real estate shall not be sold for a period of three years to the land registry amount of at least USD 250.000 or foreign currency or equivalent.
c) A minimum of 50 persons employed by the Ministry of Family, Labor and Social Services,
d) At least 500,000 US dollars or its equivalent in foreign currency or Turkish lira equivalent of the amount of deposits they must keep the deposit banks operating in Turkey for three years as determined by the Banking Regulation and Supervision Agency,
d) The amount determined by the Treasury and the Ministry of Finance purchased by the State Borrowing Instrument for a period of at least USD 500.000 or foreign currency or equivalent Turkish Lira.
e) The amount determined by the Capital Markets Board, to be purchased at least 500.000 USD or the equivalent of a Turkish Lira amount of real estate investment fund participation share or venture capital investment fund participation amount for at least three years.