Investment in Türkiye through bank deposit

Turkey’s capital market, as one of the most dynamic in the region, offers numerous opportunities for investors. One of the popular methods for obtaining Turkish citizenship is investment in Turkey through bank deposits. With this method, you can initially obtain residency in Turkey through a bank deposit for at least 3 years, and later, acquire Turkish citizenship. This method may have some initial obstacles, such as opening a bank account in Turkey. For example, if you do not have residency in Turkey, you can only open an account at Ziraat Bank in Turkey.

In this article from the Homeland site, we will discuss investing in Türkiye through bank deposits.

 To obtain Turkish citizenship through this method, you need to deposit the required amount in a bank located in Turkey and keep it for a specific period. Withdrawal and deposit are allowed, but the amount must remain in the account for 3 years. For opening an account in a Turkish bank, you should carefully review the terms and regulations of each bank and ensure you choose the most suitable one for you. Additionally, it is important to remember that the deposited amount must be transferred directly to a bank located in Turkey and cannot be deposited into branches of foreign banks.

 Finally, make sure that your investments are approved by the Banking Regulation and Supervision Agency to be able to easily use this method to obtain Turkish citizenship. There are numerous benefits to investing in Turkey, so many people engage in investment. However, to ensure a secure investment, it is advisable to seek advice from experienced lawyers. For consulting with Homeland experts on purchasing property in Turkey, contact them now.

Steps for Investment Through Bank Deposit

Investing in Turkey through bank deposits is one of the popular methods to acquire residency in Turkey through a bank deposit and citizenship. This method is a simple and efficient process that allows foreign nationals to take effective steps towards obtaining Turkish citizenship by depositing a specified amount into a bank account in Turkey.

• Obtain a Tax Number: In this stage, you must first obtain your tax number. This number is essential for all financial transactions and necessary registrations in Turkey. To obtain this number, visit the tax office’s website or the relevant tax office. Required documents include passport information and your parents' names.

• Open an Investment Account: In this stage, you need to open a bank account for investment purposes. To do so, documents such as a passport, a tax document with a valid address in Turkey, and a deposit of 15,000 Turkish Lira (or equivalent) for a period of 6 months are required.

• Deposit Funds into the Bank: In this stage, you must deposit the required investment amount into a Turkish bank. The deposit may be at least 500,000 USD or its equivalent in Turkish Lira. The deposited amount must remain blocked in the account for 3 years.

• Apply for a Compliance Certificate: In this stage, you must go through the process of applying for a compliance certificate. This involves signing documents such as a written contract, a blocking order, consent form, and your passport.

• Apply for Residency in Turkey Through Bank Deposit: At this stage, you can submit your application for residency in Turkey. Required documents include a translated passport, compliance certificate, photos, and valid health insurance.

• Apply for Turkish Citizenship: After completing all steps and retrieving your investments at the end of the 3-year period, you can apply for citizenship and settle as a Turkish citizen.

• Apply for a Turkish ID Card and Passport: The final step in obtaining Turkish citizenship through a bank deposit is applying for a Turkish ID card and passport. The investor can obtain their ID and passport from the Provincial Census and Citizenship Office in Turkey, provided they have a residential address in Turkey. Applicants can also register their fingerprint and collect their Turkish ID card and passport through the Turkish embassy in their home country.

Documents Required for Investment Through Bank Deposit

The required documents for investment in Turkey through a bank deposit include:

• Passport: A copy of the first and second pages of the passport with a valid stamp and signature.

• Tax Document: This includes a tax declaration or a document confirming that the person is exempt from paying taxes in their home country.

• Residency Registration Document: If available, a copy of the official residency registration document in Turkey or a valid document confirming the residency status.

• Birth Certificate and National ID: A copy of the applicant's birth certificate and national ID.

• Financial Document: Providing financial documents to verify the applicant’s financial capability for investment, such as a bank certificate or bank account statement.

• Address Verification Documents: Includes utility bills such as water, electricity, or gas bills showing the residential address.

• Additional Documents: In some cases, the selected bank may request additional documents such as photos and records of income sources, financial transactions, or employment history.

For proceeding with the investment process and eventually obtaining residency in Turkey through a bank deposit, please prepare the above documents.

Benefits of Investment Through Bank Deposit

Investing in Turkey through a bank deposit brings several notable advantages, including:

• Speed in Obtaining Citizenship: This is the fastest method to acquire Turkish citizenship. After depositing the required amount in the bank, you will quickly be eligible for a Turkish passport.

• Residency for Family Members: You can obtain Turkish residency for your spouse, children (dependent and under 18), and parents, allowing them to benefit from free healthcare in Turkey.

• Easy Schengen Visa: Turkish citizens can easily apply for a Schengen visa, and many countries have visa-free arrangements with Turkey.

• E2 Visa in the United States: This method provides an excellent opportunity for individuals who cannot apply for an E2 visa from their home country. Turkish citizens can easily apply for an E2 investor visa in the United States.

• No Requirement for Prior Residency or Language Skills: Migrating to Turkey is possible without the need for prior residency or Turkish language skills.

• Dual Citizenship: You can obtain dual citizenship rights as a Turkish citizen without having to renounce your original citizenship.

• Visa-Free Travel: After obtaining Turkish citizenship, you can travel to around 100 to 110 countries without needing a visa.

• Profitable Investment: Turkey offers various investment opportunities that are highly profitable without requiring financial assistance from the government.

Conclusion

In summary, investing in Turkey through a bank deposit is a quick, simple, and effective way to start a new life with your family in a dynamic and beautiful country. With this method, you not only obtain residency and citizenship in Turkey but also gain access to an easy Schengen visa, profitable investments, and many other advantages. Therefore, if you're looking for an opportunity to start a new life with more amenities and diverse capabilities, investing through a bank deposit in Turkey is an excellent option.

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