Turkish Citizenship Through Bank Deposit 2024

The Turkish citizenship by investment program, initiated in early 2017 and later modified in September 18, 2018, allows obtaining Turkish citizenship through a bank deposit.

Initially, the law required a deposit of $3 million.

However, the 2018 amendment reduced the deposit amount to $500,000 while maintaining it for a duration of 3 years without withdrawal.

Required Documents for Obtaining Turkish Citizenship Through Bank Deposit:

To apply for Turkish citizenship through a bank deposit, you need to prepare a file that includes the following documents:

1. Open a bank account in any licensed Turkish bank, whether government-owned or private.
2. Deposit a sum of $500,000 into this bank.
3. Receive a bank certificate confirming the deposit’s reservation for 3 years.
4. Obtain a written statement from the Turkish Banking Regulation and Supervision Agency (BRSA) confirming that the deposit meets Turkish citizenship conditions.
5. Provide your Turkish residence permit if available.
6. Ensure your foreign passport is valid for at least 6 months.
7. Present a translated copy of your foreign passport, certified by a Turkish notary.
8. Furnish your Turkish tax number.
9. Include 4 passport-sized photos.
10. Supply a written consent from the investor’s spouse regarding the acquisition of Turkish citizenship, along with consent for their children, translated and notarized.
11. Translate and notarize the passports of the investor’s spouse and children under 18.
12. Attach family photos of the investor.

Steps to Obtain Turkish Citizenship Through Bank Deposit:

1. Visit any Turkish bank licensed to operate within the Republic of Turkey.
2. Apply to open a bank account after submitting the required documents, including your Turkish residence permit or foreign passport along with a residence permit.
3. Inform the bank officer that the purpose of opening the account is to apply for Turkish citizenship.
4. Electronically transfer or physically deposit at least $500,000 into the account.
5. Submit a written statement to the bank, affirming consent to reserve the deposit for 3 years.
6. The bank will provide you with the necessary documents, proving the account opening, deposit, and reservation.
7. Visit the Turkish Banking Regulation and Supervision Agency (BRSA) with these documents to get an official statement that the deposit meets Turkish citizenship requirements.
8. Compile a file for Turkish citizenship application, including the aforementioned documents.
9. Visit the Directorate General of Migration Management in Turkey to formally apply for citizenship. The investor must be present in person.
10. Following a review of the file by relevant authorities, including ministries and institutions, the Council of Ministers approves the naturalization.

During the legal waiting period, investors can receive bank interest on the deposit. It is possible to deposit the required.

amount in an Islamic bank and obtain Islamic profits following the bank’s rules.

Additionally, if the investor wants to transfer the deposit from one bank to another during the legal duration for Turkish citizenship.

it is possible. However, transferring the deposit to another bank resets the 3 years from the date of transfer.