Turkish citizenship through bank deposit

Through this article, we will learn how to obtain Turkish citizenship through bank deposit. Continue reading.

Now there is a new way for those interested in obtaining Turkish citizenship through bank deposit and many seek to obtain Turkish citizenship, since Turkey is considered the gateway to the European Union for many countries in the Middle East, which are full of populations and it is known that obtaining the citizenship of any country facilitates many things in life, and protects individuals from multiple problems, so what is the bank deposit that grants citizenship on the territory of Turkey and how can it be obtained? Let's get to know this topic in detail.

The stages of obtaining Turkish citizenship through bank deposit

1. Obtaining a tax number

2. Opening an investment account

3. Deposit money in the bank

4. Submit an application for a certificate of conformity

5. Submit an application for a residence permit

6. Application for Turkish citizenship

7. Application for Turkish identity card and passport

Pros of obtaining citizenship through bank deposit

1. Freedom to live, work and study freely in Turkey.

2. The possibility of obtaining Turkish citizenship easily and quickly through this procedure.

3. Family reunification, where family members residing abroad can benefit from Turkish citizenship and settle in Turkey.

4. Ease of obtaining a Schengen visa to travel to the member states of the Schengen Agreement.

5. Facilitating the process of obtaining an investment visa, which enhances investment opportunities in Turkey.

6. The possibility of benefiting from dual nationality, whereby individuals can retain their original nationality in addition to the Turkish nationality.

7. An opportunity to benefit from profitable investments in Turkey.

8. Possibility of visa-free travel to many countries around the world.

The papers necessary to obtain Turkish citizenship through bank deposit

1. Proof paper of depositing money in the Turkish bank.

2. Personal photos of the applicant.

3. A copy of the passports of the applicant and family members.

4. Marriage certificate and birth certificates for family members (if necessary).

5. A family statement containing advanced family information.

6. A health certificate proving that the applicant and family members do not suffer from serious or contagious diseases.

7. Authentication of all papers and documents by the Turkish Consulate in the applicant’s home country.

The applicant must submit these documents in accordance with the official requirements and procedures in force in Turkey, and must ensure that all documents are compatible and correct before submitting them to the Turkish authorities.

Suitable banks for obtaining Turkish citizenship through bank deposit

The indicated amount must be deposited in a bank incorporated in the Republic of Turkey in order to be accepted as the basis for the citizenship application and therefore, amounts deposited in branches of foreign banks or branches or representative offices of banks operating in Turkey cannot be accepted.

For joint accounts opened in a bank operating in the Republic of Turkey, such as an account that is joint between a foreigner and his wife, if the partner agrees not to withdraw money from the account for three years without reducing the amount, an application for Turkish citizenship can be submitted using this joint account.

In addition, there is an important inquiry about which bank is suitable for applying for Turkish citizenship by bank deposit, in which case individuals can open an account in any operating bank within the borders of the Republic of Turkey and deposit 500,000 USD into the account (provided that the account is maintained for three years) and apply for citizenship.

This way the spouse of the person applying for citizenship and their children under the age of 18 can apply for citizenship using the same deposit bank account and it is also necessary to obtain the approval of the Investment Banking Regulation and Supervision Agency.

Ways to obtain Turkish citizenship

1. By investing in a property worth $400,000 USD.

2. Obtaining citizenship requires a fixed capital investment of at least $500,000 USD.

3. Individuals can obtain citizenship by employing at least 50 people.

4. It requires a deposit of at least $500,000 in banks operating in Turkey, with a condition of not withdrawing deposits for a period of 3 years.

5. Citizenship can be obtained by purchasing government bonds with a value of not less than 500,000 US dollars, while keeping the bonds for a period of 3 years.

6. Obtaining citizenship requires investing in a share in a real estate investment fund or investment capital fund with a value of no less than $500,000, with the requirement to keep the share for 3 years.

The conditions and requirements differ for each of the above-mentioned methods, and you must confirm the official laws and instructions in force in Turkey.

Common questions

What is Turkish citizenship by bank deposit?

It is one of the methods that you can use to obtain Turkish citizenship by depositing a specified amount in Turkish banks according to the specified conditions.

What is the amount that must be deposited in the bank to obtain Turkish citizenship?

The required amount depends on the specific conditions and can vary depending on the method of obtaining citizenship and among the common conditions is the deposit of USD 500,000 in a bank account in Turkey for a period of three years.