The issue of acquiring Turkish citizenship with bank deposits is one of the ways to acquire Turkish citizenship in an exceptional way. The way for foreign citizens to acquire Turkish citizenship has been opened by depositing deposits for citizenship applications. Acquiring citizenship by opening a deposit account in Turkey, which has become easier today than in the past, is subject to certain formal conditions. So, which ways should be followed in order to acquire Turkish citizenship by depositing money in a bank? In this article, every question about the subject will be examined in detail.
Deposit investment status for citizenship application can only be made by foreign real persons. However, the exception to this situation is Syrian citizens. Accordingly, a foreigner who deposits a certain amount in a bank operating in Turkey can acquire Turkish citizenship under certain conditions.
Situation of Family Members in Acquisition of Turkish Citizenship with Bank Deposits
The spouse of the foreigner who has made a deposit for the citizenship application, and the minor or dependent foreign children of the foreigner can also apply for citizenship based on the procedure of gaining citizenship by opening a deposit account in Turkey. For children who have reached maturity, a citizenship application must be made by another method.
In order to acquire citizenship by opening a deposit account in Turkey, 500,000 USD or foreign currency or Turkish Lira equivalent to this amount must be deposited in a private or public bank located in the borders of Turkey. It is among the procedural conditions to undertake that this deposit will be kept in the relevant bank for at least 3 years. The approval of depositing by the Banking Regulation and Supervision Agency for citizenship application is also included as the last condition of acquiring Turkish citizenship by depositing money in a bank.
Documents Required When Opening an Account
The documents required for the account opened for the acquisition of Turkish citizenship by depositing money in the bank may vary in each bank. However, in this case, the requested documents are generally; It will be possible to list the foreigner’s potential tax number, residence permit, passport and a mobile phone number obtained from Turkish operators.
Management of Turkish Citizenship Acquisition Process Through Bank Deposits
It is possible to appoint a special authorized representative to acquire citizenship by opening a deposit account in Turkey. Transactions that the attorney can make on behalf of a foreign citizen; It is possible to list such information and documents in compliance with the legislation as opening an account with banks, depositing the required amount for depositing for citizenship application, carrying out the procedures regarding the determination of the account, signing the necessary documents.
Whether the Required Account Is Private or Not
In order to acquire citizenship by opening a deposit account in Turkey, there is no requirement that the account belongs to the person wishing to acquire citizenship. Being an account partner of an account opened jointly at a bank in Turkey has been deemed sufficient. In summary, there is no harm in having the account partner’s spouse or someone else, if the person consents not to touch the amount that is the deposit method for the citizenship application for at least 3 years.
Status of Deposits in Different Accounts
There is no requirement that the amount required for acquiring Turkish citizenship by depositing money in a bank is in a single bank account. The total amount can be deposited through different accounts, provided that the amount sought in the regulation and a blocking statement are made as a basis for the citizenship application.
Validation of the Money Previously in the Bank
In order to acquire citizenship by opening a deposit account in Turkey, it is possible to use a deposit or participation fund in a bank operating in Turkey before and after the regulation. However, it is not possible to accept the pre-application period as the basis for the citizenship application. As a matter of fact, the Regulation on the Implementation of the Turkish Citizenship Law is based on the determination of the BRSA and the notification of this determination to the Ministry of Interior in order to initiate the citizenship process, and the 3-year period sought in the aforementioned Regulation starts from the date of the determination.
Withdrawal of the Money Deposited for the Acquisition of Turkish Citizenship by Bank Deposit before the Expiry of 3 Years
It is possible to withdraw the money deposited in order to acquire Turkish citizenship by depositing money to the bank, although there is a blocking process. If the blocked amount is less than 500.000 USD or withdrawn completely, the bank informs the BRSA, and the BRSA informs the Ministry of Interior, General Directorate of Population and Citizenship Affairs and the General Directorate of Migration Management. In this case, if the citizenship application is not accepted, the process is terminated, and if citizenship is acquired, it is cancelled. In a new citizenship application to be made following the realization of this situation, the period for the previous application is also not taken into account.
Required Documents for Certificate of Conformity with Bank Deposit and Turkish Citizenship Acquisition Requirement
In order to acquire citizenship by opening a deposit account in Turkey, it is necessary to obtain a certificate of conformity from the Banking Regulation and Supervision Agency. The documents required to obtain a certificate of conformity are; It is possible to list 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 a request for citizenship through investment, and the foreigner’s address and contact information (e-mail, telephone number).
Required Documents and Application Place for Application for Turkish Citizenship Acquisition with Bank Deposit
After the deposit process for the citizenship application, the foreign person or his/her special authorized representative requests the bank to make a determination for the petition regarding the request and statement containing the money deposited in the bank/banks established in Turkey and the application. On the given determination
The determination of the BRSA regarding the applications that meet the conditions specified in the regulation is notified in writing to the General Directorate of Population and Citizenship Affairs and the General Directorate of Migration Management. Then, the sample letter is sent to the relevant bank for information.
Documents required for acquiring Turkish citizenship by depositing money in a bank;
- Notarized Translation of Passports of All Persons for Citizenship Application
- 2 Photographs of All Persons for Citizenship Application (Taken Within the Last 6 Months, Color, Biometric, White Background)
- Original Certificate of Marital Status or Notarized Translation (If Married, Marriage Certificate, If Divorced, Divorce Certificate, If Widowed, Spouse’s Death Certificate)
- Original or Notarized Translation of Birth Certificate or Identity Registration Copy
- It is possible to list the Service Fee as a Receipt of Depositing to the Finance Cashier.
Finalization Period of the Bank Deposit and Turkish Citizenship Acquisition Process
In the process of acquiring Turkish citizenship by depositing money in the bank; No deadline has been set for the completion of the certificate of eligibility, residence permit, citizenship application. “Joint Service” units were established for coordination among public institutions and for the completion of processes in a short time. Considering the security investigation, bureaucratic procedures and other things, it is estimated that the application for Turkish citizenship acquisition with bank deposits can be concluded in an average of 3 months at the latest.
To start your application for Turkish citizenship by bank deposit, please APPLICATION FORM: https://gocmenburo.com/en/immigration-office-service-form/ contact our information.
Hunting. Mikail Enes CUBAN, LL.M.