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Turkish Citizenship Via Bank Deposit
On September 18, 2018, the Turkish government issued an amendment to the law on granting Turkish citizenship through bank deposit, reducing the value of the bank deposit from 3 million dollars to 500 thousand dollars, with a commitment that the amount (fixed bank deposit) is not withdrawn for a period of 3 years.
The Steps to obtain Turkish Citizenship through bank deposit.
Opening a bank account in any Turkish bank
Opening a bank account in any Turkish bank (governmental or private) with the necessity of having a valid passport and residence permit
Deposit
Deposit $500,000 in the account with a commitment not to withdraw for 3 years.
Deposit freeze
Here, the bank freezes the deposit (Blocking the Deposit) within the legal period and issues an official letter in this regard.
Preparing the Turkish Citizenship Application File
Here begins the stage of preparing the file for obtaining Turkish citizenship, and a lawyer must be appointed to manage the process in the relevant government departments.
Citizenship file
Including the citizenship file with some necessary documents.
Investor residence permit
Then the Investor is granted (investor residence permit), which is a condition that must be attached to the citizenship file.
Citizenship stages
Then the process enters the stage of obtaining citizenship, which takes between 45 and 90 days, and the investor is given a tracking number to follow the progress of the application stages.
Obtaining Turkish citizenship
After the eight stages are completed, a message will arrive on the investor’s phone containing the approval to grant him Turkish citizenship, and a date is set for the attendance of all family members to the (Civil Registry Department) in the region to take fingerprints and grant Turkish identities.
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