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

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

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.