12:54

LTE C

Friday, May 13, 2022

Official newspaper

Number: 31834

C*

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

Recep Tayyip Erdogan

PRESIDENT

REGARDING THE IMPLEMENTATION OF TURKISH CITIZENSHIP LAW

REGULATION ON AMENDING THE REGULATION

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- After subparagraph (e) of the second paragraph of Article 20 of the same Regulation

subparagraph (f) below has been added and the tenth paragraph of the same article is as follows.

has been changed.

“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 that it remains in the system for three years.”

“(10) The foreign currency amounts specified in subparagraphs (b), (c), (d), (e) and (f) 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 pursuant to subparagraph (c) of the second paragraph 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, and Turkish Lira amounts obtained in accordance with subparagraph (f) of the second paragraph are included in the private pension system. It is kept for three years in the funds determined by the Insurance and Private Pensions 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 its publication, b) Other articles enter into force on the date of its publication.

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

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