Acquisition Of Turkish Citizenship By Opening Deposit Account In A Bank

Acquisition Of Turkish Citizenship By Opening Deposit Account In A Bank

Conditions for Acquiring Turkish Citizenship by Depositing Money in the Bank

Acquiring Turkish citizenship with bank deposits is one of the exceptional ways to acquire Turkish citizenship. Turkish citizenship can be acquired by depositing a minimum of 500,000 USD or equivalent foreign currency in banks operating in Turkey, by making a commitment to keep the deposit in the bank account for at least 3 years, and by meeting the conditions that the investment made is approved by the Banking Regulation and Supervision Agency. In order to obtain this certificate of conformity, the foreigner's signed statement stating that the deposit to be submitted to the bank where he deposited the deposit will be kept in the bank for 3 years and that he or she has requested to acquire citizenship through investment, and the address and contact information of the foreigner are required. Unlike the citizenship application through the purchase of real estate, Syrian nationals can apply for citizenship by depositing money in a bank.

Who Can Apply? 

Citizenship applications by deposit can be made by foreign natural persons. However, Turkish banks do not open bank accounts for citizens of some countries. You can contact our office to learn about the people who can open a bank account. 

Can I Apply For My Family Also?

The spouses and minor children of people who apply for citizenship by depositing can also acquire citizenship in this way. 

Can I Withdraw My Deposit Before 3 Years Expires? 

Yes, you can withdraw the money you deposited before the 3-year period expires, but your application will be rejected if 500,000 USD or its equivalent is withdrawn from the bank. If the citizenship has already been acquired, your citizenship will be revoked. If you want to apply in this way again, the time taken for your previous application will not be taken into account, and the 3-year period will start again. 

What are the Documents Required for Application?

  • Passports of All Persons to be Applied
  • Biometric Photo
  • Certificate of Marital Status
  • Certificate of Birth or Identity Registration Sample
  • Receipt of the Service Fee being deposited to the Cashier of Finance

What is a Certificate of Conformity?

In order to acquire citizenship by opening a deposit account in Turkey, a certificate of conformity must be obtained from the Banking Regulation and Supervision Agency. In order to obtain this certificate of conformity, the foreigner's signed statement stating that the deposit to be submitted to the bank where he deposited the deposit will be kept in the bank for 3 years and that he/she has a request for citizenship through investment, and the foreigner's address and contact information are required. 

 

**This study is prepared by Kula Law Office. Please contact by e-mail ([email protected]) or call at +902324350604 for publication of the article in other channels, detailed information and questions about the subject.

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