Article 20 of the Regulation on the Implementation of the Turkish Nationality Law (“Regulation“) stipulating theexceptional cases on which Turkish nationality is obtained, was amended by the Presidential Decree No. 106 (“Decree“)which was published in the Official Gazette dated , September 19, 2018 and entered into force on the same date.
A new prerequisite for obtaining Turkish citizenship has also been introduced to Article 20 of the Regulation. Accordingly,if Capital Markets Board determines that a foreigner has purchased a share of real estate investment fund or venturecapital fund with a minimum requested value of foreign currency or equivalent Turkish Lira on condition that the sharewould be hold by such foreigner for three years at least, Turkish citizenship can be obtained upon a Presidential decree.
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