Golden Visa Program in Turkey for Property Buyers
You could explore ways to become a citizen of Turkey as a foreigner. Additionally, you might hunt for a home to buy and settle in Turkey permanently. Perhaps you’re wondering if there’s a simple way to accomplish this. Let us inform you that the Turkish Citizenship by Investment program, often known as the Golden Visa program, is a means of obtaining Turkish citizenship.
We’ll look at what a Golden Visa is and how to obtain one to help you achieve the property and citizenship you want in Turkey. We’ll also give you guidance on obtaining Turkish nationality and citizenship by investment in Turkey. Now let’s look at our explanation of what a Golden Visa is and how it functions.
What is a Golden Visa?
A “Golden Visa” is a type of immigration program that enables people to get a residence visa or even citizenship in another nation by making a single home purchase, a significant investment, or a charitable donation.
Each nation has its requirements for Golden Visas. Some would want you to invest $250,000, while others might want you to pay over $1,000,000. Regardless matter the amount, you must pay it to become a citizen.
Advantages and Benefits of the Turkish Golden Visa
Owners of Golden Visas can benefit much from Turkey. Here are some benefits of a Golden visa that you should be aware of:
- It makes it possible for you to obtain a Turkish passport in three to six months.
- It enables you to obtain residency in another nation for you, your family, or members of their family. You can acquire a permanent residence card in Turkey.
- It enables you to establish legal residency in the nation.
- It enables you to apply for the Ankara Agreement, which permits Turkish nationals to work, start a business, and settle down permanently in an EEC nation.
- It enables visa-free travel to more than 110 nations.
Remember that a Golden visa just opens the door to Turkish citizenship; it does not automatically grant you citizenship. You can obtain Turkey citizenship in six months if you invest in real estate in Turkey through the Golden Visa program.
Investment Options for the Golden Visa
You must make sure you meet the requirements listed below before looking into investing opportunities in Turkey.
- You must be of legal age.
- You must put at least $250,000 into real estate or $500,000 into other forms of investment.
- Neither you nor any further family members can have any prior criminal convictions.
- You are obligated to keep your investment in place for at least three years.
- You must have received the money for your investment legitimately.
Once you are certain that you meet these requirements, you may start looking into your investing possibilities. Real estate investing, which is the most popular investment, costs at least $250,000 to qualify for a Golden Visa.
You have alternatives to real estate investing, including bank deposits, capital investments, government bonds, and business establishments. However, keep in mind that you must pay at least $500,000 for these investments to be qualified to apply for a Golden Visa.
You can get in touch with Acar Yapı’s team of investment consultants if you’re unsure about what to invest in or how to move on with the investing process.
Navigating the Application Process
When requesting a Turkish Investment Visa, there are a few things to keep in mind. Selecting an eligible investment is required first. With the help of a real estate investment adviser, you may select the finest property for yourself based on your spending limit, your family, and your business objectives.
Depending on the investment you will make, you must then obtain a certificate of eligibility from the authorities. Before applying for a Turkish residence permit, you must also open a Turkish bank account. This way, you can gain permission to ensure your residency in Turkey.
You can apply for a residence visa at the Turkish Provincial Directorate of Immigration Administration once your investment has been accepted. This will allow you to remain in Turkey while completing your investment and citizenship application. You can submit an application for Turkish citizenship at the Provincial Directorate of Census and Citizenship after finalizing and making your investment.
Choosing the Right Property for the Golden Visa
If you spend at least $250,000 (or the equivalent amount in another currency), you can purchase property in Turkey and obtain citizenship. You will receive a permanent residency card as soon as you purchase your home, allowing you to begin the citizenship application process immediately. Your Turkish passport might arrive in as little as three to six months. But to do that, you must first locate the ideal property.
You must first confirm that the property is legally registered before choosing it. Furthermore, you may look up its location, cost, and worth. You can also determine whether the home or property requires renovations, which might cost you more than you had anticipated. To select the ideal home, you might get in touch with real estate investment advisors.
Legal and Financial Considerations
Purchasing real estate overseas may seem riskier than doing so domestically, partially because you’ll have to get accustomed to new legal procedures. You must confirm that you possess the correct documentation and are qualified to pay property and government taxes.
Your official passport, Turkish tax number, Turkish bank account information, proof of investment, birth certificates, police certificates, evidence that you have never stayed in Turkey illegally, and any other information required by authorities for your application are among the documents you must have ready when applying for a Golden Visa.
Remember that to qualify for a Golden Visa, you must be prepared to invest a minimum of $250,000 in real estate. If you submit all the required legal paperwork and financial documentation, your application will be processed fast.
FAQs on Citizenship by Investment Turkey
1. Can I include my family members in the Golden Visa application?
Absolutely. Golden Visa is eligible for you, your family, and their family members as long as you meet the criteria we provided throughout our article.
2. How do I apply for Turkey’s Golden Visa?
All you need to do is commit to staying in the property you buy in Turkey for at least three years and spend at least $250,000 on it. It is simple to do. The Turkish Provincial Directorate of Immigration Administration is where you can then apply for a Golden Visa.
3. Are there other investment options besides real estate to obtain the Golden Visa?
In addition to purchasing real estate by investment, you can consider establishing a business or putting money in a Turkish bank to qualify for a Golden Visa.
