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If I place a deposit in a Turkish bank in order to get citizenship, will I be allowed to move the money around later on?

Can I move the money in Turkey, maybe invest in property or business, and still maintain my status?


Answers
  • Tenha Law Firm
    October 31, 2023

    If you choose the bank deposit option to obtain Turkish citizenship through investment, you cannot withdraw the money you deposit in the bank for a minimum of 3 years. After the three-year period has expired, the blockage on your money will be removed and you can then consider other investment options.

  • ADMD Mavioglu & Alkan Law Office
    October 23, 2023

    No, unfortunately, the cash amount deposited for Turkish CBI purposes shall remain untouched (under blockade by bank) for three years and cannot be used for other means.