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Turkish Citizenship by Bank Deposit: 7 Crucial Facts for Investors in 2025

Turkey has emerged as a popular destination for foreign nationals seeking citizenship through various investment options. One of the most straightforward methods is acquiring Turkish citizenship by bank deposit. 

Turkey, a nation bridging continents and cultures, has emerged as a beacon for global investors seeking a second passport and a strategic foothold in a vibrant economy. Among the various pathways to Turkish citizenship, the option of making a bank deposit stands out for its straightforwardness, security, and potential for financial returns.

Akkas & Associates Law Firm, a leading full-service law firm in Istanbul since 1992, is dedicated to guiding discerning investors through this process with unparalleled expertise. This extensive guide provides an in-depth look at acquiring Turkish citizenship through a bank deposit, meticulously detailing the requirements, benefits, and procedural steps for 2025 and beyond.

Table of Contents

Advantages of Turkish Citizenship by Bank Deposit

The Turkish Citizenship by Investment Program offers several avenues for naturalization, with the bank deposit option gaining significant traction due to its unique benefits. For an investment of $500,000 USD equivalent in Turkish Lira deposited in a Turkish bank for a minimum of three years, individuals can unlock a world of opportunities. Here’s why this path is particularly appealing:

  1. Financial Stability and Returns: Unlike other investment methods, a bank deposit allows your capital to remain liquid within a reputable Turkish financial institution. Depending on the bank and account type, you can potentially earn interest or profit shares, ensuring your investment is not merely dormant but actively generating returns. While currency fluctuations are a consideration, recent stability in the Turkish Lira and competitive interest rates can offer attractive yields. It’s crucial, however, to understand that while past performance is not indicative of future results, the Turkish banking sector offers a secure environment.
  2. Simplicity and Speed: The bank deposit route is often lauded for its relative simplicity compared to other investment options, such as real estate. The process primarily involves opening a bank account, depositing the required funds, obtaining a conformity certificate from the Banking Regulation and Supervision Agency (BRSA), and subsequently applying for a residence permit and citizenship. The overall processing time is generally efficient, often taking between 3 to 6 months from the initial deposit to the issuance of the passport.
  3. Inclusion of Family Members: One of the most compelling advantages is the automatic inclusion of your immediate family. Your spouse and all dependent children under the age of 18 are eligible to acquire Turkish citizenship alongside the main applicant without any additional investment. This makes it an ideal option for families seeking a secure future and enhanced global mobility. Furthermore, any children born after you acquire Turkish citizenship will automatically become Turkish citizens, offering a multi-generational benefit.
  4. No Residency or Language Requirements: Unlike many other citizenship programs, Turkey does not impose any physical residency requirements on applicants. You are not obligated to live in Turkey before, during, or after the application process. Similarly, there are no language proficiency tests or cultural examinations, making the process accessible to a wide range of international investors. This flexibility is a significant draw for individuals who wish to maintain their current lifestyle while securing a valuable second passport.
  5. Gateway to Global Mobility and Opportunities: A Turkish passport provides visa-free or visa-on-arrival access to over 118 countries, including Japan, South Korea, and various nations in South America. While Turkey is not yet a member of the European Union, its strategic geographical position and strong diplomatic ties offer excellent opportunities for international business and travel. Furthermore, Turkish citizens can also apply for the lucrative E-2 Investor Visa to the United States, presenting a unique pathway to live and work in the USA for eligible individuals.

Turkish Citizenship by Bank Deposit: 7 Crucial Facts

In an increasingly globalized world, obtaining a second citizenship has become a strategic move for many international investors. Turkey, with its rich history, strategic location, and growing economy, offers an attractive citizenship-by-investment program that has gained significant traction in recent years. One of the most accessible routes to Turkish citizenship is through bank deposits.

1. The Minimum Investment Requirement

As of 2025, the Turkish government requires a minimum bank deposit of $500,000 USD or its equivalent in Turkish lira to be eligible for citizenship. This deposit must be made in a Turkish bank and held for a minimum of three years. It’s important to note that this amount is subject to change, as the government periodically reviews and adjusts the program requirements.

2. Time Frame for Citizenship Approval

One of the most attractive aspects of the Turkish citizenship-by-investment program is its relatively quick processing time. On average, applicants can expect to receive their Turkish citizenship within 3-6 months from the date of application submission. This expedited process makes Turkey’s program one of the fastest citizenship-by-investment options globally.

3. No Residency Requirement

Unlike many other citizenship programs worldwide, Turkey does not impose a mandatory residency period for investors seeking citizenship through bank deposits. This means you can obtain Turkish citizenship without the need to physically relocate or spend a specific amount of time in the country. This flexibility is particularly appealing to global entrepreneurs and investors who value mobility.

4. Family Inclusion in the Application

The Turkish citizenship-by-investment program allows investors to include their immediate family members in their applications. This typically covers the main applicant’s spouse and children under 18 years of age.

Adult children who are dependent due to health reasons may also be included. This family-friendly approach makes the program an attractive option for those looking to secure a future for their loved ones.

5. Dual Citizenship Allowance

Turkey permits dual citizenship, which means you can maintain your current nationality while acquiring Turkish citizenship. This policy allows investors to enjoy the benefits of Turkish citizenship without having to renounce their original nationality.

However, it’s crucial to check the dual citizenship laws of your home country, as not all nations allow their citizens to hold multiple passports.

6. Access to a Growing Economy and Strategic Location

Obtaining Turkish citizenship through bank deposit not only provides a second passport but also grants access to a rapidly developing economy at the crossroads of Europe and Asia. Turkey’s strategic location offers unique business opportunities, making it an ideal base for investors looking to expand their operations in both regions.

Moreover, Turkish citizenship provides visa-free or visa-on-arrival access to over 110 countries, significantly enhancing global mobility for business and leisure.

While the Turkish citizenship-by-investment program is straightforward compared to many others, navigating the legal requirements and application process can be complex. It’s highly recommended to seek professional legal assistance from experienced firms like Akkas & Associates Law Firm.

With our extensive experience in Turkish immigration law and citizenship applications, we can guide you through every step of the process, ensuring compliance with all legal requirements and maximizing your chances of a successful application.

The Application Process: A Brief Overview

  1. Initial Consultation: The process typically begins with a consultation with a qualified legal advisor to assess your eligibility and discuss your specific circumstances.
  2. Document Preparation: You’ll need to gather and prepare various documents, including proof of funds, passport copies, and other personal identification documents.
  3. Bank Deposit: Once your documents are in order, you’ll make the required $500,000 USD worth of Turkish Lira deposit in a Turkish bank.
  4. Application Submission: Your legal representative will submit your citizenship application to the relevant Turkish authorities.
  5. Background Check: Turkish authorities will conduct a thorough background check on the applicant.
  6. Application Review: The relevant government departments will review your application and supporting documents.
  7. Citizenship Approval: If successful, you’ll receive notification of your approved Turkish citizenship.
Turkish Citizenship with Bank Deposit

Step-by-Step Process to Complete the Investment Process

Stage 1: Obtain a Tax Number

The first step in your journey is to acquire a Turkish tax number, which is essential for all financial transactions and registrations in Turkey. You can obtain this number from any tax office in Turkey or through the Interactive Tax Office’s website. Required documents typically include your passport details and your parents’ names.

Stage 2: Open an Investment Account

Once you have your tax number, the next step is to open an investment account with a bank operating in Turkey. You will need to provide:

  • Your passport
  • Official tax registration document
  • A declaration of your Turkish address.

Stage 3: Make the Required Deposit

After establishing your account, you must deposit at least $500,000. This amount can be distributed across multiple accounts in different banks, provided that the total meets the required amount. The funds must be convertible and held in a Turkish bank for three years.

Stage 4: Application for Certificate of Conformity

Following your deposit, you or your authorized representative must sign several documents, including:

  • A written contract
  • An order to block the deposit
  • A letter of consent

The bank will then submit these documents to the Banking Regulation and Supervision Agency (BRSA), which will verify compliance with the regulations.

Important Considerations and Recent Updates (2025)

While the bank deposit route remains a highly attractive option, potential applicants should be aware of certain nuances and recent developments:

  • Currency Conversion: While the investment amount is stipulated in USD, some Turkish banks may require the deposit to be converted into Turkish Lira. It is crucial to discuss the specific terms with your chosen bank and understand any associated risks or protections against currency devaluation. As of recent updates in early 2024, the Central Bank’s mechanisms that provided exchange rate protection and additional returns for new bank deposit applicants were reportedly removed, meaning new applicants will be fully exposed to the Lira’s fluctuations. However, the option for a $500,000 deposit into a Turkish bank account remains available.
  • Mandatory Physical Presence: While there are no residency requirements, recent changes in 2024 have made it mandatory for both the main applicant and their spouse to be physically present in Turkey at certain stages for fingerprinting and to obtain the residence permit. This typically requires only a short stay in Turkey.
  • Legal Expertise is Paramount: The intricacies of Turkish law and the constantly evolving regulations surrounding citizenship by investment necessitate the guidance of an experienced and reputable law firm. Choosing the right legal partner can significantly streamline the process and mitigate potential risks.

Why Akkas & Associates Law Firm for Your Turkish Citizenship Application?

Akkas & Associates Law Firm has been at the forefront of providing exceptional legal services in Istanbul since 1992. Our dedicated team of expert lawyers possesses an unparalleled understanding of Turkish citizenship law and immigration processes. We offer a holistic approach, providing end-to-end support for our clients, including:

  • Tailored Legal Advice: We provide personalized consultations to understand your unique circumstances and offer strategic advice optimized for your success.
  • Seamless Process Management: From opening bank accounts to preparing complex documentation and liaising with government agencies, we manage every step of the application process with precision and efficiency.
  • Proactive Problem Solving: Our proactive approach allows us to anticipate and address potential issues, ensuring a smooth and hassle-free application.
  • Unwavering Commitment to Client Success: Your success is our priority. We are committed to delivering the highest standards of professionalism, integrity, and client satisfaction.
  • Extensive Network: Our long-standing presence in the legal landscape of Turkey has allowed us to cultivate a strong network of contacts, further facilitating the application process.

Reach us to Apply for Turkish Citizenship with a Bank Deposit

The pathway to obtaining Turkish citizenship through a bank deposit offers a viable option for those looking to invest in Turkey while securing their future. With its strategic location, vibrant culture, and growing economy, Turkey presents an attractive opportunity for individuals seeking new beginnings.

By carefully following each stage of this process and ensuring compliance with all legal requirements, you can successfully navigate the journey toward becoming a Turkish citizen while safeguarding your investment for future returns.

Let us guide you through this transformative journey and open doors to a world of opportunities in Turkey and beyond. Contact Akkas & Associates Law Firm today to begin your path to Turkish citizenship with a bank deposit!

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