Legalixa Law Firm has been helping our clients to apply for Turkish citizenship by bank deposit from various countries. We have in depth information regarding how to prepare legal documents in each country. We also have signed collaboration agreements with immigration agencies around the world. Our Turkish citizenship attorneys suggest you to review Turkish Citizenship Guide to get more information about Turkish citizenship laws 2020.

Our Turkish citizenship lawyers represent our clients from application at Istanbul Immigration Office until they get their Turkish Passport. Our Turkish immigration lawyers also represent our clients in other immigration law issues including; extending resident and work permits, application for Turkish citizenship, filing a law suit to cancel any objections.

We also perform services for property purchase in Turkey for foreign clients. Our services include legal preparation before buying a real estate. We check whether the real estate tax payments are in good standing, check the local municipality whether the property has all necessary licenses. Finally, we help and represent clients regarding the sale of their real estate in Turkey.

Turkish Citizenship by Bank Deposit

We do perform Turkish citizenship services with investment options, however Turkish Citizenship Laws becoming more complex each and every day. We have extensive experience in immigration law in Turkey and we have obtained more than 400 passports. We have successfully represented clients from Iran, Palestine, Jordan, Lebanon, Morocco, Egypt, Tunis, Pakistan, Bangladesh, Hong Kong, Macao, China, Djibouti, USA and we know how to get required paperwork done in each country.

We perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship. Once the investment step is completed, we will apply for residency for the main applicant. After that we will prepare citizenship file for the main applicant and his/her spouse and kids. An English-speaking attorney will help the client to get finger printing and apply for Turkish ID card and passport. Turkish passport and ID card will be mailed to our office address.

Turkish Citizenship by Bank Deposit

Turkish Citizenship Laws by Bank Deposit

We perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship. Once the investment step is completed, we will apply for residency for the main applicant. After that we will prepare citizenship file for the main applicant and his/her spouse and kids. An English-speaking attorney will help the client to get finger printing and apply for Turkish ID card and passport. Turkish passport and ID card will be mailed to our office address.

Our bank deposit services shall consist of all following matters;

  • Passport translation and notarization
  • Obtaining tax id number for client
  • Opening bank account
  • Arrange bank deposit
  • Prepare documents to be signed by the Client.
  • Follow up our paperwork with BBDK.

Our Turkish citizenship application shall consist of all following matters;

  • Prepare residency application documents for Client, his wife and children.
  • Prepare citizenship application documents for Client, his wife and children.
  • Follow up application until the Turkish passports given.

Additional citizenship services:

  • Getting the Client’s passport translated and notarized.
  • Applying for the Turkish Tax Id Number.
  • Assistance for opening a bank account in Turkey.

Additionally, we have extensive experience on resident permit and immigration & citizenship services for foreign citizens.

How to Get Turkish Citizenship by Bank Deposit ?

We perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship. Once the investment step is completed, we will apply for residency for the main applicant. After that, we will prepare citizenship file for the main applicant and his/her spouse and kids.

Generally, it takes 3-4 months to get a citizenship application accepted. We did not have any refusals so far. We got our last application accepted in 85 days.

Once your application is accepted, you can apply for Turkish ID card and passport and get your fingerprints at Turkish Embassy in your country, you don’t have to come to Turkey.

However, if you like to come and get it done in Istanbul one of our English-speaking attorneys will help you to get fingerprints and apply for Turkish ID card and passport. Turkish passport and ID card will be mailed to our office address.

Turkish Citizenship with Bank Deposit

Details on Bank Deposit for Receipt of Conformity Certification

Obtaining conformity certificate from Banking Regulation and Supervision Agency for depositing a minimum of $500.000 or equivalent foreign currency or equivalent amount of Turkish Lira to banks that operate in Turkey [prior to the amendment such amount was $3,000,000] with the condition to keep such deposit in the relevant bank for at least three years.

Foreigners should deposit a minimum of $500,000 or equivalent amount in foreign currency or Turkish Liras to banks that operate in Turkey with the condition to keep such deposit at such bank for at least three years. The amount should be convertible and should be equivalent to $500,000.

It’s not required that such amount should be deposited to only one single bank that operates in Turkey. In this context, foreigner may deposit the money more than one bank operating in Turkey with the condition to keep such deposit at such bank for at least three years and the total deposited amounts should be equal to $500,000.

It’s essential to deposit such amount to banks that operate in Turkey. Therefore, it is not possible to assume an amount as convenient for the Turkish citizenship application which is deposited to a bank in abroad even if it is a branch office or association of Turkish Bank.

Foreigner shall also apply for Turkish citizenship based on a joint account (with his/her spouse or any other person) provided that joint account holder(s) other than the applicant has an express consent that they keep such deposit at bank for at least three years.

It is possible to change the currency or type of investment which is mentioned in Regulation (such as purchasing a real estate investment fund share and capital investment trusts fund share with a minimum value of $500.000). However, in case of shifting the amount to another investment type, such process should be instantaneous and there should not be any interruption for three years period. Otherwise, the BRSA shall promptly inform the Ministry of Internal Affairs regarding such interruption.

Please also note that in such three-year period, a foreigner may benefit from the interest, dividend and similar returns arising from the deposited amount pursuant to executed contracts with banks and type of the bank account provided that the deposited amount shall not fall below the amount of $500.000.

In the event that a currency other than the U.S. Dollar is deposited in the banks, the U.S. Dollar equivalent at the date of the opening of the account shall be determined and the deposited amount shall be expected to remain in the banks at the same rate determined for three years. Therefore, potential alterations on exchange rates shall not be considered.

The amount which deposited in a Turkish bank will be blocked for three years with applicant’s request. However, this is not a blockade that makes the amount cannot be withdrawn by the holder of the bank account. As soon as the amount withdrawn by the account holder or it is fallen under 500.000 USD, the bank will report the situation to the BRSA and the BRSA will immediately inform the Ministry of Internal Affairs for initiation the cancelling process for Turkish citizenship.

If this occurred once, new application will not be considered as an on-going time span [three year period]. Since the amount can be withdrawn by the applicant, there should not be any restriction on the deposit account such as a sequestration or any other legal limitations. If there occur any restriction, circumstance will be announced to Ministry of Internal Affairs.

Turkish Citizenship by Investment

Turkish Citizenship by Investment Consists of Three Stages:

  1. Fulfilling the one of the investment conditions and obtaining receipt of a certificate of conformity
  2. Obtaining a short-term residence permit
  3. Applying for Turkish citizenship by investment.

Required documents for these steps are summarized below:

Opening a bank account within Turkey in order to handle bank transfer for the investment type. Required documents are listed below in order to open a bank account in Turkey:

  • Document showing a residence address in foreigner’s home country (such as phone, electricity, gas bill)
  • Passport
  • Turkish tax number (we can obtain tax number for you)

Receipt of conformity certification for the investment type:

  • A real estate value assessment report which shows the real value of the real estate shall be required for purchasing a real estate investment.
  • Particular purpose report from a certified public accountant (CPA) shall be required for making a fixed capital investment of a minimum $500,000.

Obtaining Short Term Residence Permit for Citizenship by Investment Applicants

A foreigner who applies for Turkish citizenship by way of investment should first obtain short term (temporary) residence permit. Normally, in order to make a short-term residence permit application, the foreigner should enter Turkey with a valid visa, or by benefiting from a visa exemption.

Following valid entry to Turkey, foreigners who wish to extend their stay in Turkey, should apply for a “short-term residence permit”. In order to apply for a short term residency permit; foreigner should enter Turkey legally and an online application shall be made where an appointment date for the application shall be reserved from the Directorate of Immigration so that the applicant could be present in Turkey at such reserved application date.

For regular short-term residence permit application process the waiting period for an appointment/interview date at many popular districts (such as Istanbul, Izmir, Ankara) is quite long (2 to 3 months). However, in such citizenship by investment based special short-term applications the waiting period for an appointment date is shorter (within 1 to 10 days after making online application and there is a special office of the Immigration Directorate handling these affairs).

The residence permits granted within the scope of subparagraph (j) the Article 31, can be issued up to five (5) years (but generally applied and granted for 1 year, the term is dependent on the validity term of the passport and the health insurance policy term obtained) and the residence permit cards are mailed to the residence address of the foreigner in Turkey within 2-4 weeks.

Required Documents for Short-Term Residence Permit are:

  • Valid visa or non-expired exemption term following entry at the date of application
  • Valid Passport (with enough validity for the residence term to be applied for)
  • Power of Attorney to our firm to authorize professional assistance for handling procedures
  • Four (4) passport type pictures in color
  • Private health insurance. We can assist you to obtain a private health insurance policy as well and the costs are between $150.- to $400.- including taxes and expenses depending on your age, health etc.
  • Address information: a residence address in Turkey is required during the online application. A hotel address declaration may be enough at initial application however, foreigner may also submit his/her notarized lease agreement (if any) or the address of the real estate purchased for residence purposes. Please also note that workplace addresses cannot be declared as residence addresses.
  • Conformity certificate for the investment type

Filing Turkish Citizenship Application

Filing Turkish Citizenship Application

Required documents for Turkish Citizenship Application by way of investment are:

  • Preliminary examination form (a standard form VAT-4)
  • Notarized Turkish translation of the passport
  • Identity registry copy of the applicant
  • Birth Certificate of the applicant
  • Marital Status Certificate/Document
  • Valid residence permit obtained through the process above outlined
  • Receipt slip for the application service charges made

In addition to this:

  • If the applicant is divorced; Divorce Certificate/Decree
  • If the applicant is married; Marriage Certificate
  • If the applicant is widow; Death Certificate regarding his/her spouse

Turkish Citizenship Questions and Answers

Turkish Citizenship Questions and Answers

1. How many ways of obtaining Turkish Citizenship via exceptional procedures?

  • who make fixed capital investment at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and for whom certificate of conformity is issued by the Ministry of Industry and Technology,
  • who purchase the immovable property at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and attached annotation at land registration not to sell this property for three years and for whom a certificate of conformity is issued by the Ministry of Environment and Urbanization,
  • who employ at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labor and Social Services,
  • who invest at least 500.000 US dollars or its equivalent in foreign currency or equivalent amount of Turkish Lira and make commitment to hold the amount of deposits for three years at banks operating in Turkey and for whom a certificate of conformity is issued by the Banking Regulation and Supervision Agency,
  • who purchase public borrowing instruments at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these instruments for three years and for whom certificate of conformity is issued by the Ministry of Treasury and Finance,
  • who purchase a real estate investment fund participation share or venture capital investment fund participation amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these participation shares for three-years and for whom a certificate of conformity is issued by the Capital Market Board.

2. How does the Turkish citizenship with Turkish Property Investment application process work?

Foreigners can obtain Turkish citizenship by buying real estate whose total worth is more than 250,000 USD or equivalent.

  1. You must buy one or more real estate to achieve the 250,000 USD requirement.
  2. You can buy any kind of real estate (house, apartment, office, shop or land) in any province of Turkey.
  3. You must get an official appraisal for each property.
  4. Each of the property must be bought after September 19, 2018.
  5. You must sign a statement that you won’t sell the property for 3 years at the Title Deed Office.

3. Will my family get Turkish Citizenship?

Yes. You, your spouse (wife or husband) and dependents (your children under the age of 18, on the application date) can get Turkish citizenship. Turkish law does not recognize same-sex marriages, polygamy and other types of partnerships. So a spouse should be a person of opposite sex and the couple should be legally married. If a male applicant has multiple wives, only one of them is eligible for Turkish citizenship.

4. If the property I buy is not worth 250,000 USD, can I buy several properties to fulfill the 250,000 USD limit?

You can buy several properties which have a total value of minimum 250.000 USD.  The values declared at the sale at Title Deed Office and appraisal values should be consistent with that value.

5. How long does it take to become a Turkish citizen?

After the property is bought and the application is filed, it takes between 3 to 6 months to get the Turkish citizenship and Turkish passport. Turkish Government is doing its best to reduce time.

6. Can I buy a commercial property with rental income and get Turkish Citizenship with investment?

Yes, any property you buy is eligible for citizenship. You can rent the properties to someone else. The only restriction is you cannot sell for three years.

7. It looks like it is complicated to apply and get Turkish Citizenship. Can I get assistance for this process?

Legalixa Law Firm offers full services until you get Turkish Passport. We work with real estate agents from all provinces of Turkey to find the best residential or commercial property as per request.

8. I do not have time to come to Turkey. How can I get Turkish Citizenship?

If you give us power of attorney, we can follow up with the complete process. (Buy the real estate for you, get the appraisal report, transfer the title to your name, give the statement at Title Deed Office, and file all documents for your application.)

9. How many people can apply for Turkish citizenship with one Title Deed?

Only one person can apply for Turkish citizenship, his/her spouse and dependents are also eligible with this application.

10. I bought property in Turkey previously. May I apply for citizenship now?

Title deed applications at Property Register Office after 20.09.2018 may obtain Turkish citizenship by a real estate investment of 250,000 USD. Before this date, the minimum value was 1,000,000 USD.

11. Which nationalities may apply for Turkish passport?

All foreigners who are allowed to buy property in Turkey by Turkish law, may apply for Turkish citizenship by investment.

12. Do I get a Residence Permit when I file the citizenship application?

Residence permit (no:6458/31-J) is granted to you, your spouse and your dependents.

13. Is it possible to have dual nationality in Turkey?

Yes, Turkey allows dual nationality, as long as your original country allows it. If you are a citizen of a country which does not allow dual citizenship, you need to forfeit your original citizenship. But if your original country allows dual citizenship, you can have dual citizenship.

14. Does the applicant need to reside in Turkey prior and during the application process? What’s the detailed requirements?

No, there is no need for the applicant to reside in Turkey, the applicant should give us power of attorney to follow up procedures and filing citizenship application. The PoA can also be given to purchase a property on behalf of the client.

15. What are the main investment options?

1) USD$ 250,000 in property

2) USD$500,000 in fixed bank deposit

3) USD$500,000 in fixed capital investment.

I would suggest options 1 and 2. We have filed several citizenship applications with property purchase and many for bank deposit. Bank deposit is easier to full fill, however not many people have 500,000 USD.

16. What’s the general time frame for the application?

For option 1, property purchase process takes some time, for option 2, depositing money and getting the approval takes about 1 week and we can file the residency application first. Whole process should take between 4-6 months.

17. Do you help clients to choose the corporate entity to investment for the capital investment option? Yes, we help clients to open bank accounts

If you choose the real estate option, it is better to travel to Turkey to view the property, but in theory do they need to be in Turkey for purchasing the property?

It is better them to be here to see the property, once they decided to buy, then can give us PoA to follow up property purchase and complete the whole procedure. So, they can come see the property and give us PoA and can go back to their country in a couple of days.

18. Do you have some contacts from the local real estate developers that you can introduce to us?

Yes, we have companies that work together.

19. As for the bank deposit option, which bank do you work with?

We have access to several banks, clients have some banks in their mind. There are government banks, private banks, interests vary. It is important to find banks with English speaking staff, we can help you. Banks will not request information regarding source of the funds from its clients.

20. Regarding to fees for citizenship application

Health insurance premiums: It varies and depends on the age, sex, weight, height etc. and around 500 TL, visa fee (460 TL), official appraisal fees for property purchase is around 1,500 TL, notary and translation fees around 1,500 TL,  fee for residency permit = 426.54 TL, document fee =  89. TL.

Required Documents For Turkish Citizenship

Required Documents For Turkish Citizenship Application

  • Application form (Vat-4)
  • Passport or ID card that shows his/her nationality. If he/she is stateless approved documents with Turkish translate certified from the notary.
  • Consent letter (taken from notary or the related officer in domestic, if abroad external representation or from the authorized offices from his/her country) for the children who are under their mother’s/father’s custody and applying the citizenship with.
  • Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate.
  • Birth certificate that shows personal information, or population register sample document and if married family registration certificate that proves the family bond between his/her spouse and children.
  • Service charge receipt from finance cashier desk.
  • 2 biometric photograph (50×60 mm, white background, machine readable, plain set by ICAO).

Reach us for Turkish Citizenship by Bank Deposit

Legalixa Law Firm is full-service law firm that clients trust to deliver top-tier, cost-effective legal services. Our firm began serving clients in 1992 out of a single law office in Istanbul. We focus on crafting innovative solutions that produce successful results for our clients. Our attorneys are true problem solvers who think outside of the box to find the right strategies for our clients. You may reach our Turkish immigration law team for Turkish Citizenship by Bank Deposit by sending an email or through Contact page.