FREQUENTLY ASKED QUESTIONS


Can a Syrian natural person become an exceptional citizen by purchasing real estate?


The Council of Ministers Decree No. 724 dated 2012, which prevents Syrian natural persons from acquiring real estate remains valid. Within this framework, such persons cannot qualify to become an exceptional citizen through the purchase of real estate.

What processes are to be followed by non-citizens who apply for exceptional citizenship by deposit?

The amount (deposit/participation fund of 500,000 US dollars) determined within the scope of the Regulation on the Implementation of the Turkish Citizenship Law (Regulation) shall be paid by the non-citizen into any bank(s) established in Turkey. A non-citizen, or his/her proxy who is granted authorization to perform such transactions in the non-citizen's letter of attorney, may request proof of the deposit or participation fund he/she has paid into the bank with a petition/written statement containing his/her request and declaration. The proof by BRSA of the application with the requirements specified in the Regulation shall be notified to the General Directorate of Population and Citizenship Affairs and the Directorate General of Migration Management in writing and shall be sent to the relevant bank in order to provide the related person with the relevant information.

Does the amount necessarily have to be in US dollars?

No, it does not. The amount to be deposited may be either 500,000 US dollars or the equivalent in Turkish liras, as well as any convertible foreign exchange determined by the Central Bank of the Republic of Turkey, or precious metals, which is equivalent to the amount required by the Regulation. It is acceptable as long as the amount is convertible and equivalent to 500,000 US dollars.

Can I benefit from advantages such as interest, profit sharing, etc., from the amount deposited in the bank?

Yes, you can. Any advantages from benefits can be obtained, depending on the agreement with the bank and the type of account, as long as the amount does not fall below 500,000 US dollars.

Can I apply for citizenship by using my deposit that I paid into a bank operating in Turkey prior to the regulation, and is it possible to add the period before the regulation to the period required for the citizenship process?

It is possible to use a deposit or participation fund paid into a bank operating in Turkey before or after the regulation as a basis for a citizenship application. However, the period before the application cannot be included in the citizenship application process. The Regulation on the Implementation of the Turkish Citizenship Law is based on a requirement of proof by BRSA and notification of same to the Ministry of Interior and the 3-year period required by the said Regulation shall commence as at the date of proof.

Can I apply for citizenship with a blocking declaration on a joint account that belongs to myself and my spouse?

It is possible to apply for citizenship in reliance of a joint account in a bank operating in Turkey provided that the other account holder gives his/her explicit consent that no deposit will be withdrawn or used from the account for a period of 3 years.

Should the amount be deposited in a single account or is it possible to divide the total sum into different accounts?

The total amount can be deposited in different accounts provided that the total amount required by the regulation is met and an account blocking declaration is made for the citizenship application.


Is it possible for my specially authorized proxy to apply in person by opening an account in my name for citizenship?


A specially authorized proxy is authorized to open a bank account with information and documents in compliance with the legislation, undertake transactions regarding proof of the account, and sign the required documents.

Is it possible to change the exchange rate deposited in the bank during the process?

Pursuant to the relevant provisions of the Regulation on Citizenship, the amount shall be 500,000 US dollars or an equivalent amount in Turkish liras or another currency and it is possible to convert the amount deposited in US dollars into another convertible exchange rate or into Turkish Lira equivalent to 500,000 US dollars during this period of 3 years upon the investor's request.

If I open an account in Turkish liras or another convertible exchange rate other than US dollars, will my deposit over a period of 3 years be subject to the US dollar value at the opening date of the account or will it follow the exchange rate changes for the following 3 years?

If a currency other than US dollars is deposited into the bank, the US Dollar equivalent at the date of the opening of the account will be determined and the amount will be expected to remain the same in the bank over the 3 year period. To give an example, 1 US dollar is equal to 5.30 TL as at 06.12.2018; and therefore, an account which is opened with 2,650,000 TL (500,000 US dollars) on the said date shall not fall below 2,650,000 TL over the 3 year period. Exchange rate differences that may occur in this period shall not be taken into consideration.

How can I benefit from KT Private Banking products and services?

In addition to being a Kuveyt Turk Participation Bank customer, in order to benefit from Private Banking products and services you will need a total of 2 million TRY or its equivalent in foreign currency or precious metal in your accounts, or you will need to use a fund amount of 750,000 TRY from our bank.
 

Which of your services can I access through mobile banking without going to a branch?

After becoming our customer, you can conduct all kinds of transactions that can be made through the internet and mobile branches, such as transfers, RPS, viewing account activity, opening-closing accounts, buying-selling investment funds, buying-selling lease certificates, buying-selling foreign currency and precious metals, bill payments, credit card transactions, investment transactions, etc.
 

What are my options when I am abroad (in a location where there is no branch or agency) and I have to make a transaction?

As long as you are a Kuveyt Turk Participation Bank customer, you can benefit from the internet and mobile branch services whether you are in or outside the country. In exceptional cases there may be access restrictions to the mobile and internet branches in some countries due to security concerns. You can contact our call center for detailed information.
 

Do you have contracted banks abroad? 

We have affiliate banks abroad, as well as our own offices in various countries. We provide services to our customers through KT Bank AG in Germany. Furthermore, we have agencies in Bahrain and Kuwait.
 

What are the fundamental differences between Private Banking and regular banking?

Our Private Banking services allow our customers to take advantage of all the privileges they could possibly need. Whether your participation accounts are in TRY, foreign currency, or precious metal, you can benefit from better profit share rates.
Our goal is to provide our customers with all the services and products possible in order for them to feel special and privileged. As part of our card services, you can benefit from numerous advantages, such as consultancy services on various subjects such as education, art, Islamic law and real estate investments, as well as lounge services in several airports around the world, airport transfers and discounts on overseas restaurant expenses.
 

How can I apply for a consultancy service?

All you have to do is notify us of any of the consultancy services you require. We will bring you together with our expert consultants regarding your needs.
 

Where is the closest location I can access the Private Banking service?

All of our branches are working hard to offer you services. In addition to this, our Private Banking representatives in eleven of our branches throughout Turkey, i.e. our Main Branch, Sirkeci Branch, Fatih Branch, Kıztaşı Branch, Altunizade Branch, Osmanbey Branch, İkitelli Branch, Beykent Branch, Ankara-Balgat Branch, Nilüfer Branch, and Konya Branch, as well as our Istanbul Private Banking Branch are ready to offer you their services.
 

How can I receive a Private Banking credit card or a Private Banking debit card?

After you complete your application at one of our branches, your Private Banking credit card or Private Banking debit card will be printed and sent to your address or the respective branch.

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