A bank guarantee provides a fast and secure opportunity to obtain Turkish citizenship, where the required cash guarantee is provided, and the necessary documents are submitted to the relevant bank. The investor should be aware of the importance of obtaining Turkish citizenship correctly, and you can contact Istanbul Real Estate for details and to start the Turkish citizenship process properly. In this article, we will present the most important points and questions related to the subject.

The process of obtaining Turkish citizenship through a bank deposit is 100% legal and was approved by the Turkish government in the latest amendment to Turkish citizenship laws in 2018. The required amount for obtaining citizenship was set at $500,000 US dollars, after previously being $3 million US dollars. We have noticed an increase in the number of applicants for Turkish citizenship after the recent amendments, and that's why Istanbul Real Estate is here to assist you in preparing and submitting your application correctly for obtaining Turkish citizenship as quickly as possible.

A very common question

The spouse and all children under the age of 18 are eligible for Turkish citizenship through a bank deposit. However, individuals who have reached the age of 18 need to go through a separate procedure to obtain Turkish citizenship.

Here are the detailed steps to obtain Turkish citizenship through a bank deposit

1. Obtain a tax number in Turkey to open an account for the designated deposit.

2. Provide an official document showing your current address, which should be recent and not older than three months.

3. Open a bank account at any official Turkish bank.

4. Deposit $500,000 or the equivalent in Turkish lira or foreign currencies.

5. Ensure that the deposit complies with the laws related to obtaining Turkish citizenship.

6. Freeze the account for three years.

7. Commit to freezing the account for three years and agree to this condition.

8. Obtain approval from the Banking Regulation and Supervision Agency after signing the necessary documents.

9. Notify the General Directorate of Population and Citizenship Affairs of the approval through email.

10. Apply for a residence permit for the investor and their family members according to citizenship requirements.

11. Submit an application for Turkish citizenship to the General Directorate of Population Affairs.

12. Prepare the required documents and paperwork in advance to expedite the process.

13. Appoint a legal representative in Turkey to facilitate the legal procedures.

14. Create separate powers of attorney for the spouse if added and powers of attorney for minor children.

15. Translate passports into the Turkish language and notarize them.

16. Submit marriage certificates, civil status documents, birth certificates, and recent passport-sized photos.

17. Provide two biometric passport photos for each individual, which should be recent and not older than six months.

18. Fill out the application form for Turkish citizenship through a bank deposit using capital Latin letters accurately and sign it either by the applicant or their representative.

19. Foreign documents need to be translated and authenticated both abroad at the relevant country's embassy and within Turkey. The process involves authentication at the governorship, sworn legal translation into the Turkish language, and notarization.

Important Notes:

The submitted documents must align with the investor's nationality. For example, if the investor is of Egyptian nationality, the documents should be from Egypt, regardless of their country of residence. If documents from another country, such as Saudi Arabia (the country of residence), are submitted, the procedures may be delayed or the documents might be rejected altogether.

Birth certificates for all family members seeking Turkish citizenship must be submitted, along with family registry certificates and individual registration documents for each person separately. These documents must be authenticated by the Ministry of Foreign Affairs in the country of issuance and then by the Turkish Embassy in the same country. Subsequently, they should be translated into the Turkish language and notarized by a legal notary in court. If the mentioned documents lack information regarding the place and date of birth, as well as parental details, they will not be accepted.

Frequently Asked Questions about Obtaining Turkish Citizenship through Bank Deposit:

Answer: No, the deposit does not need to be in US dollars and can be in other currencies as long as it meets the equivalent of $500,000 US dollars.

Answer: Yes, the depositor can earn interest on the deposit, but it should be requested when opening the account and making the deposit. Interest rates may vary from one bank to another, depending on the currency of the deposit.

Answer: The deposit amount is kept secure, meaning its value remains fixed at $500,000, regardless of fluctuations in the Turkish lira exchange rate.

Answer: It is not required, and the deposit can be made in cash, provided that the source of the funds is documented, or it can be transferred from another person's account.

Answer: No, it is not required to deposit the full amount in a single installment, and it can be distributed over multiple installments.

Answer: It is possible, but the depositor must forfeit the Turkish citizenship acquired through the bank deposit.

Answer: Both methods are legally valid for obtaining Turkish citizenship. If you're considering long-term investment, real estate investment is preferable financially. However, if you prefer an easier and less complicated process, the bank deposit is the better choice.