New Regulations On Becoming a Turkish Citizen

NEW REGULATIONS ON BECOMING A TURKISH CITIZEN 

                                                                                                                                                                                                                                   05.10.2018

New opportunities to become a Turkish citizen have been come into force with the “Regulation on Amending the Regulation on the Implementation of Turkish Citizenship Law”, which was published on the Official Gazette no. 29946 on January 12, 2017.

New regulations ease the acquisition of Turkish citizenship for foreigners, which used to be acquired through birth, decision of the competent authorities and right to vote before the new amendments. With the new amendment at 19.09.2018 also financial obligations lightened. Current regulations are as follow:

1. FOREIGNERS WHO BUY REAL ESTATE PROPERTY IN TURKEY MAY ACQUIRE TURKISH CITIZENSHIP

Foreigners, who have bought real estate property that is worth at least 250.000,00 USD in Turkey and whose purchase have been confirmed by the Ministry of Environment and Urbanization, may acquire Turkish citizenship. An annotation shall be put on the land registry to underline that the purchased properties cannot be sold within the first three years.

2. FOREIGNERS WHO MAKE FIXED CAPITAL INVESTMENTS IN TURKEY MAY ACQUIRE TURKISH CITIZENSHIP

Foreigners, who have made fixed capital investments in Turkey that is worth at least 500.000,00 USD and whose investments have been confirmed by the Ministry of Economy, may acquire Turkish citizenship.

3. FOREIGNERS WHO BRINGS CASH MONEY TO TURKEY MAY ACQUIRE TURKISH CITIZENSHIP

Foreigners, who have brought cash money to Turkey that is worth at least 500.000,00 USD, may acquire Turkish citizenship. This money shall be confirmed to have been brought to Turkey by the Council of Bank Audit and Regulation. Foreigners are obliged to keep this money in Turkey for three years.

4. FOREIGNERS WHO INVESTS IN PUBLIC DEBT INSTRUMENT MAY ACQUIRE TURKISH CITIZENSHIP

Foreigners, who have made investments in public debt instrument issued by Turkey that is worth 500.000,00 USD and whose investments have been confirmed by the Ministry of Treasury and Finance may acquire Turkish citizenship. This investment is obliged to be kept in Turkey for three years.

5. FOREIGNERS WHO CREATE EMPLOYMENT IN TURKEY MAY ACQUIRE TURKISH CITIZENSHIP

Foreigners, who have created employment for at least 50 people in Turkey and whose works to create employment have been confirmed by the Ministry of Labor and Social Security, may acquire Turkish citizenship.

When determining the actual value of the transactions, the effective selling rate at the Central Bank of the Turkish Republic on the day of confirmation by the relevant authorities. 

Foreigners who fulfill all these conditions are eligible to acquire Turkish citizenship with the bill by the Ministry of the Interior and the decision by the Cabinet. For more information please contact us.

ALTINTAŞ LAW & CONSULTANCY

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