The Turkey Citizenship by Investment Program (which used to be called the Turkey Citizenship by Investment Program) was started in January 2017 to attract foreign direct investment and help the real estate industry grow. The program gives people who want to help the Turkish economy a number of ways to do so.
Turkey is a transcontinental Eurasian country. The Bosphorus Strait divides the city of Istanbul into two parts: Europe and Asia. It is a very important country from a geostrategic point of view because it is in the middle of Europe and Asia.
Benefits of the Turkish Citizenship by Investment Program Access to 110 countries, including Hong Kong, Japan, and Singapore Visa-free or visa-on-arrival travel Full citizenship awarded to the applicant and their family members in a nation with a pleasant Mediterranean climate, stunning scenery, and a good standard of living. access to a transcontinental Eurasian country that is a stable economic, financial, and political hub between Europe, Western Asia, and the Middle East. Eligibility for an E-2 Investor Visa in the USA for a five-year renewable term
Turkey citizenship requirements based on investment
To become a citizen, the main applicant must meet one of the following investment requirements:
Purchase real estate worth at least USD 400,000; invest a minimum of USD 500,000 in fixed capital; Put at least $500,000 (or the equivalent in another currency or Turkish lira) into a Turkish bank account; put at least $500,000 (or the equivalent in another currency or Turkish lira) into government bonds; and put at least $500,000 (or the equivalent in another currency or Turkish lira) into shares of real estate investment funds or even.
As certified by the Ministry of Family, Labour, and Social Services, create at least 50 jobs.
The main applicant can also fill out applications for their spouse, dependent children under 18 years old, and disabled children of any age.
Turkey Citizenship by Investment Program steps and timeline
Applicants must submit a residence permit application on behalf of the family after selecting the acceptable investment option. After that, the primary applicant must create a bank account in Turkey.
Once all of the application materials, including any necessary certifications and translations, have been put together, the investment can be finished and the paperwork can be sent to the government. Once the government has received the application, the review procedure will start, and an interview request may be made. Most applications are approved in 120 days, after which citizenship documents are sent out. After that, the passport application can be turned in.
Advantages of a Turkish investment visa
Foreign investors can benefit from numerous things in Turkey, including:
In as little as three months, you can obtain a Turkish passport. As soon as you pay your deposit, you can send in your application to become a Turkish citizen. A Turkish passport will be issued to you in three to six months.
Prompt citizenship and permanent residence in Turkey. You get a permanent residence card, which you may use to live in Turkey and begin your investment, as soon as you apply for a Turkish Investment Visa
Roadmap for obtaining a US E2 Investment Visa. You can apply for the US E2 Investment Visa once you have Turkish citizenship, which entitles you to live, work, and invest in the US.
Commercial possibilities in EEC (European Economic Community) nations. You can take advantage of the Ankara Agreement as a Turkish citizen, which permits Turkish nationals to work, start a business, and settle down permanently in an EEC nation. Even though a visa is needed, getting a Turkish Businessperson visa for the UK is a fairly easy process. With a Turkish passport, it’s easier to start a business in the UK and apply for permanent residency there. More than 110 nations are visa-free for Turkish nationals, including Mexico, Japan, South Korea, and Hong Kong.
Requirements for residency
As an investor, you can become Turkish citizens without residency requirements. This means that even though you have never lived in Turkey, you can get a Turkish passport six months after you make an investment.
Additionally, you can employ agents to manage your citizenship, visa, and investment processes, such as the consultants and attorneys at La Vida – Golden Visas. As a result, if you choose to, you are not need to be in Turkey in order to make an investment or apply for a visa.
To manage your investment, you might need to travel to Turkey. For instance, if you are buying real estate, you will need to see the property or weigh your options.
Who Can Apply for a Turkey Investment Visa?
If you meet the following requirements, you may apply for a Turkey Investment Visa:
You have received your cash lawfully, you are an adult, have no criminal history, never overstayed your visa in Turkey, have done your due diligence on your investment, and are an adult.
How can one apply for a visa for investment in Turkey?
The following steps are involved in applying for a Turkish Investment Visa:
1. Select an acceptable investment. Depending on your resources, family structure, and end goals, you should consult your experts (such those at La Vida – Golden Visas) to establish which investment is appropriate for you.
2. Obtain an eligibility certificate. Various authorities are in charge of granting a certificate of eligibility depending on your investment. For example, if you want to invest in real estate, you need to talk to the General Directorate of Land Registry and Cadaster.
3. Open a bank account in Turkey. You must open a bank account in Turkey and deposit funds there. You can get assistance from your counsel and attorneys in creating the account.
4. Implement for a resident permit in Turkey. Once your investment has been accepted, you can go to the Turkish Provincial Directorate of Immigration Administration to ask for a visa to live there. You can use the residence permit to live in Turkey while you finish your investment and apply for citizenship after you get the permit.
5. Make your financial commitment. You must complete your investment and gather all necessary paperwork for the citizenship application, including certifications, translations, etc.
6. Obtain Turkish citizenship. As soon as you have made your investment, you can go to the Provincial Directorate of Census and Citizenship and ask to become a citizen of Turkey. Usually, this application is answered in four months.
Where Can I Get My Certificate of Eligibility for an Investor Visa in Turkey?
Depending on the type of investment you make, you must apply to one of the following organizations to receive a Certificate of Eligibility for investing in Turkey:
Talk to the Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization if you want to invest in real estate. The Turkish Ministry of Industry and Technology’s Incentive Application and Foreign Capital is the place to go for investments in capital. Contact the Banking Regulation and Supervision Agency’s Department of Financial Consumer Relations if you want to put money into a Turkish bank account. For investments in government bonds, contact the Turkish Ministry of Treasuries.
Conclusion
Turkish passport is considered strong as it allows visa-free access to around 110 countries through Turkey Citizenship by Investment . With a Turkish passport, you can visit many Asian countries without getting a visa. These countries include Thailand, South Korea, Japan, and the Philippines. Also, many south American countries, such as Argentina and Venezuela accept Turkish passport holders without a visa.
