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Our partner Ece Özlü Beylen is explaining the process of obtaining Turkish citizenship by bank deposit option. There has been recent amendments to this secure and popular method to get Turkish passport.

The limit is still $500,000 but Turkish government is expecting applicant to sell foreign currency holdings for Turkish Liras before blocking it for 3 years in a Turkish bank. According to the amendment, a bank established in Turkey must be used for exchanging your money in let’s say American dollars to Turkish liras. And applicant is expected to hold this money in a Turkish bank for 3 years in Turkish liras. Yet, the monthly interest rate advantage is still on the table.

New Investment Limit is $400,000 for Turkish Citizenship by Real Estate Purchase: https://bit.ly/3TtosJF

Russians and Turkish Citizenship by Investment Program: https://bit.ly/3MVBHk4

BENEFITS of Getting a Second Citizenship and Investing in a Passport Portfolio: https://bit.ly/3EZhoQJ

For more details check out our articles from links below:
https://turkfortune.com/why-invest-in...
https://turkfortune.com/how-to-open-b...
https://turkfortune.com/how-to-send-m...
https://turkfortune.com/turkish-citiz...

00:00 - Intro
00:10 - General Information and Previous Practice
01:20 - New Procedure
02:13 - Conformity Certificate
02:26 - After the Investment
02:37 - Future of the Bank Deposit Option

#deposit #turkey #passport #bankingturkey