Turkish Citizenship by Deposit Investment in Banks

Can I get Turkish citizenship by investing? This question is asked by the person who wants to become a citizen of the Republic of Turkey. The Republic of Turkey offers many alternative options in this regard.

Turkish Citizenship by Deposit Investment in Banks is one of them. If you think this is the right method for you, it is possible to choose it.

People who want to benefit from this opportunity must deposit a minimum of 500,000 USD or equivalent foreign currency, Turkish lira deposits, participation funds in any bank operating in the Republic of Turkey and keep there for 3 years.

However, foreign investors are not obliged to keep the amount in question in a single bank operating in Turkey. In this sense, it can also be the sum of deposits in more than one different account.

Which Banks Can Be Preferred for Turkish Citizenship by Deposit Investment in Banks?

Can you get Turkish citizenship by investment? The answer to this question can be yes. Although many methods can be preferred in this context, one of them is Turkish Citizenship by Deposit Investment in Banks.

In this context, which banks can be preferred always creates big question for the foreign nationals. In this sense, the said amount can be deposited in any bank established and operating in the Republic of Turkey. For this, the desired branch can also be preferred.

In addition to the question of can you get Turkish citizenship by investment, who is suitable for this also creates an important question mark. In this regard, real persons who open an account in banks operating within the borders of the Republic of Turkey and deposit 500,000 USD in the bank, provided that they keep the account for 3 years, can apply for citizenship.

In this way, besides the person applying for citizenship, his spouse and children under the age of 18 can apply for citizenship based on the deposit account deposited in the same bank account. In addition, the investment must be approved by the Banking Regulation and Supervision Agency.

What Should You Know About Turkish Citizenship by Deposit Investment in Banks?

Those who want to become a citizen of the Republic of Turkey should know some issues other than can get Turkish citizenship by investment. Thus, it is possible to act more consciously.

In this sense, the most important issue is whether the money deposited in the bank can benefit from interest, profit share and similar returns. In this sense, as long as it does not fall below 500,000 US dollars, the said returns can be utilized. However, it is essential to be careful here.

Those who want to be citizens of the Republic of Turkey can deposit different currencies other than US dollars in banks. In this case, the dollar equivalent on the date of opening the account is determined and expected to remain the same for three years.4

In this context, exchange rate differences that may occur within 3 years are not taken into account. If individuals deposit the relevant amount in the bank in order to obtain citizenship of the Republic of Turkey, banks apply the blocking process in line with the demands of foreign investors. However, the relevant amount can be withdrawn at any time. Can you get Turkish citizenship by investment is therefore quite easy.

In addition, people also think of whether a public bank is compulsory for citizenship through bank investment. In this sense, it does not matter whether it is a private or public bank.

What are the Required Documents for Turkish Citizenship by Deposit Investment in Banks?

The answer to the question can you get Turkish citizenship by investment is yes, but what people need to know is not limited to this. During the application of foreign nationals, some documents are also sought.

The documents in question vary from bank to bank. However, some of them are outlined below;

• The potential Tax number of the foreign national
• Residence permit
• Passport
• A phone number from Turkish operators

However, people should not forget that other documents may be requested. Banks provide information on this issue and should act accordingly. If you ask can you get Turkish citizenship by investment, you can get more details.