Acquiring Turkish Citizenship by Deposit Investment In order to acquire Turkish citizenship by deposit investment, it is necessary to deposit money in a bank operating in Turkey.
According to subparagraph (ç) of the second paragraph of article 20 of the Regulation on the Implementation of the Turkish Citizenship Law;
“Foreigners who are detected by the Banking Regulation and Supervision Agency to have deposited at least 500,000 USD or equivalent in foreign currency or Turkish lira in banks operating in Turkey for three years,” may acquire Turkish citizenship by the decision of the President. Acquiring Turkish Citizenship by Deposit Investment
1. Deposit Amount
Foreigners who want to acquire Turkish citizenship by deposit investment must deposit 500,000 US Dollars (USD) or equivalent foreign currency or Turkish Lira in a bank operating in Turkey.
If the deposit investment will be made in Turkish Lira or foreign currency – the US Dollar rate is made according to the effective selling rate announced on the official website of the Central Bank of the Republic of Turkey.
2. Condition for Depositing the Deposit to a Bank Operating in Turkey
The deposit investment must be deposited into a bank account operating in Turkey. The approval of this condition must be confirmed with the certificate of conformity to be obtained from the Financial Consumer Relations Department of the Banking Regulation and Supervision Agency. In the certificate of conformity, it will be stated that the deposit investment has been deposited in the bank account and it has been determined that it has been blocked in the bank account.
3. Condition to Keep the Deposit Investment for Three (3) Years
Foreigners who want to acquire Turkish citizenship by deposit investment must commit to keep their 500,000 US Dollars (USD) or equivalent foreign currency or Turkish lira deposits in a bank account operating in Turkey for three (3) years. For this, the account is blocked by the bank so that the money cannot be withdrawn.
4. Execution of Deposit Investment and Application for Turkish Citizenship with a Proxy and Power of Attorney
For foreigners who want to acquire Turkish Citizenship by deposit investment, opening an account in banks operating in Turkey, depositing money, blocking, giving a commitment, obtaining a certificate of conformity from the Banking Regulation and Supervision Agency, obtaining a residence permit and applying for Turkish Citizenship are completed by a lawyer. possible to execute with For these transactions, special powers must be clearly stated in the power of attorney.
5. Application for Acquisition of Turkish Citizenship by Deposit Investment
After the immovable purchase process is completed and the necessary documents are obtained, other procedures should be initiated to apply for Turkish Citizenship.
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