law@canaydin.av.tr
+90 542 150 13 85
宰廷布尔努 / 伊斯坦布尔 / 土耳其

TURKISH CITIZENSHIP BY DEPOSITING CURRENCY IN BANK

The investor may apply for Turkish citizenship through the exceptional procedure by depositing at least the Turkish Lira equivalent of USD 500,000 in a bank operating in Türkiye, provided that the deposit is maintained for a minimum period of three years. Compliance with this requirement must be confirmed by the Banking Regulation and Supervision Agency (BRSA).

GETTING TAX NUMBER
  • A tax number is the essential ID number for each registration and financial transaction in Turkey. A Tax Identification Number is a ten-digit number assigned to individuals.Foreigners should have a tax number for; opening a bank account, buying a property, subscribing for utility services, issuing insurance, getting health services, doing notarial processes, applying for residence permits, etc.Tax Registration number can be obtained from interactive tax office’s website or any tax office in TurkeyDocuments Required for Getting Tax Number
    • Passport details
    • Mother and father name 
OPENING INVESMENT ACCOUNT
  • We open a bank account on behalf of an investor with power of attorney.Documents Required for Opening Bank Account
    • Passport
    • Offical Tax Registration document with Turkish address declaration
    • Depositing 15.000 TL or in equivalance of Usd for 6 months
DEPOSIT MONEY IN BANK
  • Foreign investors may apply for Turkish citizenship by investment by depositing funds in a bank operating in Türkiye. Within the scope of the Turkish Citizenship by Investment Program, the investor must deposit the Turkish Lira equivalent of USD 500,000 into a Turkish bank account and maintain this deposit for at least three years.
  • According to the current regulations, the investment amount transferred from abroad must be converted into Turkish Lira through a bank in Türkiye. During this process, the bank issues a Foreign Currency Purchase Certificate (Döviz Alım Belgesi) confirming that the foreign currency has been sold to the Central Bank of the Republic of Türkiye and converted into Turkish Lira.
  • The deposited amount will be blocked for three years for the purpose of the citizenship application. If the investor withdraws the funds or if the balance falls below the required minimum during this period, the bank will notify the Banking Regulation and Supervision Agency (BRSA), which will then inform the Ministry of Interior and initiate the procedure for cancellation of citizenship.
  • During the three-year holding period, investors may benefit from the high interest rates offered by Turkish banks in line with the monetary policies of the Central Bank of the Republic of Türkiye. Alternatively, the funds may be placed in participation (Islamic) accounts, allowing investors to earn profit-sharing returns while maintaining compliance with the citizenship investment requirements.
APPLICATION FOR CERTIFICATE OF CONFORMITY

4. APPLICATION FOR CERTIFICATE OF CONFORMITY

Documents that need to be signed by investor or proxy following the bank account opening process;

  • Written Contract
  • Order to Block
  • Letter of Consent
  • Passport

Bank shall submit the documents to BRSA by the bank upon signing.

BRSA shall notify the General Directorate of Population and Citizenship Affairs and the Directorate General of Migration Management in writing of proof of the application with the requirements specified in the Regulation and shall send it to the online bank in order to provide the relevant person with information.

The bank shall share this written document with the customer.

The customer may submit his/her application to the General Directorate of Population and Citizenship Affairs and the Directorate General of Migration Management together with BRSA proof in person or by proxy (attorney, etc.).

APPLICATION FOR RESIDENCY

Investor will obtain residence permit as an investor for a one year period and other family members will wait for conclusion of their citizenship application. If other family members require a residence permit, they should visit Turkey with valid visa. However, investor does not have to visit Turkey to obtain residence permit.

When we collect certificate of conformity and below documents , we make online residence permit application for investor

DOCUMENTS REQUIRED FOR INVESTOR RESIDENCE PERMIT

1.Notary Certified Translations of Passports

  1. Certificate of Conformity

3.Two (2) biometric pictures and one jpeg version (50×60 mm and white background)

  1. Valid health insurance (Insurance period must cover the intended residence permit duration) We buy health insurance on behalf of applicants.

5.Residence permit payment receipt by tax office

  1. Investor’s Passport Visa Page (if any)
APPLICATION FOR TURKISH CITIZENSHIP

You can be a Turkish citizen with the condition that you can take back all investments along with legal revenues 3 years later.

·         Investor’s wife/husband and children under 18 years old have a right to apply for Turkish citizenship with the investor with the same investment amount. For children above 18 years old has to invest separately to be Turkish citizenship in this case

·         Turkish citizenship process will take approximately 3-4 months after lodging a citizenship application.

·         Investor do not need to renounce his/her existing citizenship. Turkey recognizes dual citizenship, regardless of the number of “second civil passports” that a foreign applicant has.

·         Investor can sell or withdraw investment amount at the end of 3 years period.

·         Investor does not have to live in Turkey to participate in the Programme.

·         Investor’s Turkish Citizenship will remain for a lifetime and your children will be born as Turkish citizens.

DOCUMENT REQUEIRED FOR CITIZENSHIP APPLICATION

1.Scaned Copy of Passports of All Applicants

2. It is sufficient for applicants to submit one of the documents listed below, including their date of birth, place of birth, and parents’ names

A.    Family Registration Document*

(The document must contain all applicants’ date of birth, place of birth, mother and father name)

B.     Birth Certificate of All Aplicants*

(If family registration form can’t be obtained or the Family registration form does not contain required derails stated above )

3. Marital Status Certificate/ Marriage Certificate/ Single certificate/ Divorce Certificate/ Death certificate of Spouse*

4. Six (6) Photo for each Adult Applicants, Two (2) Photo for each Child Applicants(Biometric photo ,50x60mm,white background, identified and one jpeg photo of applicants.)

5. Visa page of an Investor (if any)

*

If the document is obtained from signatory country of the Lahey Convention, it must be apostilled at issuing country.

If the document is obtained from non-signatory country of the Lahey Convention, It must be attested by the Ministry of Foreign Affairs and then Turkish Embassy of the issuing Country.

If the document obtained from Turkish authorities, it must be signed and sealed.

What is an Apostille?

The Apostille is a form of authentication issued to documents for use in countries that participate in the Hague Convention of 1961 

APPLICATION FOR TURKISH ID CARD AND PASSPORT

An investor can obtain his /her Turkish ID card and passports thorugh the Provincial Directorate of Census and Citizenship of the settlement in Turkey If Applicants has any settlement adress in Turkey or Applicants can also obtain her/his identity card and Turkish passports through the Turkish embassy where they live by registration of fingerprints.

Obtaining Turkish Citizenship by Investments Remotely

Investor doesn’t have to visit Turkey in any step of Turkish citizenship program

Investor can remotely obtain Turkish citizenship by real estate ınvesment

To do this, Investor must give a power of attorney in his/her attorney , which investor can elaborate and validate at the Consulate of Turkey in the country of investor citizenship.

The power of attorney must be drawn up in Turkish language

Investor get an appointment with an authorised translator of Turkish consulate and be present at the appointment day with his/her pictures and passport, draft of the power of attorney that her/his lawyer send to investor.

TO GIVE A POWER OF ATTORNEY IN TURKEY

Investors can give power of attorney through Turkish notary. Investors need to have their pictures, tax number and passport with them .

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+90 542 150 13 85
law@canaydin.av.tr

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