Everybody Fund Will Get Turkish Citizenship

In the Official Gazette, “ Legem for the Amendment of Legem on the application of Turkish Citizenship Law " was emitted. Turkish citizenship shall be granted with the decision of the Foreign Ministers' Board determined by the Capital Markets Board (CMB) holding a real estate investment fund participation share of at least USD 1.5 million or participation fee of venture capital investment fund and holding for 3 years.

 At least $ 1.5 million worth of real estate investment fund shares in Turkey or foreign investors who get a participation in venture capital investment fund will qualify for Turkish citizenship.

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in the Official Gazette, " Legem for the Amendment of Legem on the application of Turkish Citizenship Law " was emitted and came into force.

In accordance with Article 20 of the Regulation entitled " Exceptional acquisition of Turkish citizenship, documents required for application and transactions to be carried out ", a minimum of $ 1.5 million in real estate investment fund participation shares or participation shares of venture capital investment funds and 3 years period Turkish Citizenship may be granted with the judgment of the Council of Foreign Ministers determined by the Capital Markets Board (CMB).

Published in the current issue of the Official Gazette and according to Regulation for the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law, In order to be able to grant exceptional Turkish citizenship to the person, the condition of being determined by the CMB for the period of three years by taking both fund participation shares will be search.

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    yasemin Written by:

    Yasemin Kılıç yaseminkilic@istanbulinvestments.com

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