30 UGLOBAL IMMIGRATION MAGAZINE
Insurance and Private Pension Regulation and Supervision Agency . The funds must be kept there for at least 3 years and the investment must be confirmed by the Insurance and Private Pension Regulation and Supervision Agency .
Upon approval of the applications , once the citizenships are acquired , the applicants can apply for passports in the Turkish consulates abroad or Civil Registry Offices in Turkey , according to their preference .
The Program allows the Investors ( main applicants ) as well as their family members , spouses and children below 18 years old , to apply and obtain Turkish citizenship by proceeding with one of the above investment options once the required criteria are duly met .
THE APPLICATION PROCESS FOR THE TURKISH CBI PROGRAM
In relation to the application process , it is initially required to obtain a Turkish Tax ID number and open a Turkish bank account . These tasks can be finalized without the investors ' physical presence in Turkey with a Power of Attorney .
This would then be followed by making the required investment .. In the meantime , the investor and family members prepare the required documentation and make these duly-attested by the pertinent authorities .
Once the investment is finalized , it is then required to apply for a short-term Turkish Residence Permit . After obtaining the Residence Permit , the next step is submitting citizenship applications for all applicants / family members .
GUVENC KETENCI
Güvenç Ketenci is the managing partner of Ketenci & Ketenci . He is a leading international lawyer in Turkey . He graduated from Harvard Business School and Marmara University Law Faculty . Ketenci has wide corporate migration expertise and advises on Turkish citizenship , as well as global citizenship and residency by investment . He represents a wide range of clients including HNWIs , investment funds , and financial institutions . Some of his clients also include Fortune 500 corporations operating in Turkey . Ketenci is a member of the Investment Migration Council ( IMC ), which is a worldwide association for investor immigration and citizenship-byinvestment .