Turkish Citizenship by Bank Deposit
Our Turkey citizenship lawyers are ready to assist you in opening a bank account at a Turkish bank to deposit 500,000 USD to apply for Turkish Citizenship by bank deposit .A bank deposit is one of the most common options for Turkish citizenship by investment. The investor deposits at least USD 500.000 or equivalent foreign currency in banks operating in Turkey with the condition not to withdraw this amount for at least three years.
Our Turkish citizenship lawyers provide Turkey citizenship by bank deposit services. Since the announcement of the new regulation of the Turkish Citizenship by Investment (CBI) program in 2017, our Turkish citizenship lawyers have successfully represented and obtained citizenship for more than 350 clients worldwide with the Turkish Citizenship by Investment program.
We have experience with clients having different situations and various nationalities such as the USA, UK, Italy, France, Canada, India, Iran, Russia, Pakistan, China, Hong Kong, South Korea, UAE, Egypt, Jordan, Iraq, Qatar, Palestine, Morocco, Malaysia, Bangladesh Philippines, and the Caribbean Islands’ citizens. Our Turkish citizenship lawyers have also represented stateless- heimatlos people.
Our Turkish citizenship lawyers provide legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship by bank deposit. Once the investment is funded, we will apply for residency for the main applicant. Finally, we will prepare your Turkish citizenship file for the main applicant and your spouse and kids.
Generally, getting a citizenship application accepted takes 3 to 4 months. We have not faced any refusals so far. your application is accepted, you can apply for a Turkish ID card and passport and get your fingerprints at the Turkish Embassy in your country
Conditions for Getting Turkish Citizenship by Bank Deposit
Turkish Citizenship Law’s Article 12 allows foreign investors to acquire Turkish citizenship in exceptional terms; with 18.09.2018 dated 106 numbered Presidential Decree, amendatory new arrangements have been made regarding the amounts mentioned in Article 20 of the Regulation on the Implementation of the Law.
Getting Turkish citizenship by bank deposits is one of the common ways to acquire Turkish citizenship. Turkish citizenship can be acquired by depositing at least USD 500.000 or equivalent foreign currency in banks operating in Turkey with the condition not to withdraw this amount for at least three years and by matching the conditions that the investment made is approved by the Banking Regulation and Supervision Agency (BRSA)
The bank accounts can be opened through a Power of Attorney (PoA) Some of our clients give us PoA in their own country either at the Turkish Embassy or local notary and apostille.
A PoA can be signed in a way called double legalization in some countries like China, UAE. In this way, a PoA is prepared by a local notary and attested by the Foreign Ministry of that country and after that, it is attested by the Turkish Embassy.
We were able to keep the money in foreign currency, however, the government has changed its policy with this decree, and now this investment must be made in Turkish Lira. Therefore, the money must be converted into Turkish Lira. Our Turkish Citizenship Lawyers can assist you to open a “Yuvam“ account to protect your money from any currency depreciation.
Required Documents for Turkish Citizenship by Bank Deposit
PoA from the main applicant and her/his spouse
Passports of family members
Biometric Photos
Certificate of Marital Status
Birth Certificate
The Framework of Turkish Citizenship by Bank Deposit
Obtaining a Turkish Tax ID Number
Opening a Bank Account in Turkey
Depositing the money into your Turkish Bank Account
Converting your money into Turkish Lira
Signing a commitment to not withdraw the money for at least 3 years
Getting the conformity letter from the Banking Regulation and Supervision Agency
Obtaining Turkish PR for Main Applicant
Submitting a Turkish Citizenship Application
Our team is dedicated to providing our clients with result-oriented and effective solutions. Our mission is to serve our clients with quality legal service. You can contact our Turkish Citizenship by Bank Deposit Lawyers to start your process.