1. Legal Basis
Turkish citizenship by bank deposit is defined under:
Turkish Citizenship Law No. 5901,
Implementation Regulation Article 20/2-ç, which requires depositing USD 500,000 into a Turkish bank and keeping it for 3 years.
2. General Overview of the Process
Power of attorney → Same-day bank account opening
USD 500,000 → Sale to the Central Bank & DAB issuance
Opening TL time-deposit account → 3-year blocking commitment
Application to BDDK for the conformity letter
BDDK review: 2–3 weeks
Residence permit application is submitted
Citizenship application is filed
At the end of 3 years from the BDDK application date, the blocking will be released.
3. Fastest Account Opening – With IGA Law Firm
We open accounts at QNB Finansbank, VakıfBank, and Ziraat Bankası on the same day we receive the scanned copy of the Power of Attorney.
Mobile banking access is granted immediately.
4. Selling USD 500,000 to the Central Bank (DAB Process)
Steps:
USD reaches the investor’s bank account.
The amount is sold to TCMB (the Turkish Central Bank).
DAB – Foreign Exchange Purchase Document is issued.
With the TL obtained, a time-deposit account is opened.
A 3-year blocking commitment is applied.
5. TL Time-Deposit Account & Blocking
Principal must remain in the account for 3 years.
Interest earnings can be freely transferred abroad.
Maturity options: 32 days, 3/6/12/24/36 months
Interest rates change daily; we secure the highest rates for clients.
6. BDDK - Conformity Certificate
After the application is submitted, the review of BDDK takes around 2–3 weeks.
After approval:
File is forwarded to the Directorate of Migration Management & Civil Registry.
Residence permit application is submitted.
Citizenship application follows.
7. Full Process Flow
Passport + POA → same-day account opening
USD 500,000 → sale to TCMB (DAB)
TL account → 3-year block
Bank → BDDK application
2–3 weeks review
Residence permit application is submitted
Citizenship application filed
Principal becomes free at the end of 3 years from the BDDK application date
8. Advantages of This Method
Government-backed, low-risk investment
Regular interest income
Earnings can be transferred abroad
Entire family (spouse & children under 18) included
No real estate management or tenant issues
Fully transparent banking-based process
9. IGA Law Firm’s Added Value
Fastest account opening in Türkiye
Accurate management of TCMB sale & DAB issuance
Daily interest rate monitoring
Same-day activation of mobile banking
Full management of BDDK process
Structuring the 3-year blocking correctly
Residence permit application is submitted, then citizenship filing
Full, end-to-end legal representation
Contact Us Today
If you are considering Turkish citizenship by bank deposit 2025, our experienced legal team is ready to manage the entire process — from same-day bank account opening to BDDK conformity, residence permit and full citizenship filing.
Start your Turkish citizenship journey with confidence. Contact us today for a consultation.
