Turkish Citizenshipresmi-gazete-karar

REGULATION

Number of Decisions: 5554

It has been decided to put into effect the attached “Regulation on Amending the Regulation on the Implementation of the Turkish Citizenship Law” in accordance with Article 46 of the Turkish Citizenship Law No. 5901.

12 May 2022

REGULATION ON AMENDING THE REGULATION ON IMPLEMENTATION OF TURKISH CITIZENSHIP LAW

ARTICLE 1– The phrases “250.000” in subparagraph (b) of the second paragraph of Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law, which was put into effect with the Council of Ministers Decision dated 11/2/2010 and numbered 2010/139, have been changed to “400,000”.

ARTICLE 2– The following clause (O clause has been added to the second clause of Article 20 of the same Regulation after clause (e) and the tenth clause of the same Article has been amended as follows.

“f) It is determined by the Insurance and Private Pensions Regulation and Supervision Agency that it has invested at least 500,000 USD or its equivalent in foreign currency into the private pension system, provided that it is kept in the funds determined by the Insurance and Private Pensions Regulation and Supervision Agency and remains in the system for three years.”

“(10) The foreign currency amounts specified in subparagraphs (b), (ç), (d), (e) and (O) of the second paragraph are sold to a bank operating in Turkey and to the Central Bank by this bank before the transaction. Turkish Lira amounts obtained in accordance with subparagraph (ç) are in Turkish Lira deposits, Turkish Lira amounts obtained in accordance with subparagraph (d) of the second paragraph are in Turkish Lira State debt instruments, Turkish Lira amounts obtained pursuant to subparagraph (f) of the second paragraph are included in the individual pension system. It is kept for three years in the funds determined by the Insurance and Private Pension Regulation and Supervision Agency. The implementation principles regarding this issue are determined by the Central Bank of the Republic of Turkey.”

ARTICLE 3– This Regulation;
a) 1 month after the publication of Article I,
b) Other articles on the date of publication,
enters into force.

ARTICLE 4– The provisions of this Regulation are executed by the President.

 

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