Investing in Turkey’s economy can be your ticket to Turkish citizenship through the Golden Visa program. Turkey is the place to be with benefits like free healthcare, quality education, and a rich cultural experience.
The requirement under the Turkish Golden Visa program is to make an investment. The most popular one is a purchase of real estate for at least $400,000. Other options include business investment, a bank deposit, purchase of government bonds or units in the investment funds.
This article will delve into all peculiarities of the Golden Visa program in Türkiye.
How to Get Turkey Golden Visa: Your Essential Guide
What Is the Turkey Golden Visa Program
The Turkey Golden Visa program is a fast track to Turkish citizenship for investors who desire to quickly become a citizen of another country. The main requirement is to invest in the Turkish economy, for example, in real estate or business.
There are several reasons to obtain a Turkish Golden Visa:
Economic growth. Turkey’s booming economy offers endless opportunities for investors to grow their wealth.
Access to healthcare. Turkey is known as a medical tourism country due to the high quality of healthcare. While tourists pay for all treatments, Turkish citizens can get them for free.
Education. Your children can receive a top-notch education from some of the best universities in the world.
Culture. Turkey has a rich history, diverse culture, delicious cuisine, and friendly locals.
Travel privileges. With a Turkish Golden Visa, you can travel visa-free to 110+ countries, including Japan, South Korea, and Singapore. Plus, the EU has proposed offering Turkish citizens visa-free access to the Schengen Area, which could further enhance these benefits if approved.
The Turkey passport by investment program provides various investment options for potential investors. They can choose one that matches their financial aspirations and interests, for example, real estate or aiding business growth in Turkey.
Investment Options under the Program
Investing in Real Estate
Investing in Turkish real estate is one of the most popular ways to secure a Golden visa. Types of properties can range from luxury apartments in bustling cities like Istanbul or Ankara tranquil villas along the Aegean Sea coast, or even commercial properties. A minimum investment of $400,000 is necessary.
The investor can buy one property or several if their cumulative price is $400,000. It is required that the investor have a document that proves ownership, also called TAPU, for each of them. If TAPU still needs to be prepared, providing a preliminary sale-purchase agreement is essential.
An Example of a Property Available for Investors
Requirements for the Investor and Their Family Members
To be eligible for the Turkish Golden Visa, you must:
be over 18;
have no criminal records or prosecutions and no serious illnesses;
be able to confirm the legality of the income.
Your family can be included in your application without any additional cost. Eligible family members are your spouse and kids under 18. You don’t need to file separate immigration applications.
When you apply for the Turkey Golden Visa, you’ll need to provide proof of relationship with the additional applicants, such as marriage or birth certificates, along with their passports.
Documents Required to Get Turkey Citizenship by Investment
The basic document package that you must collect includes the following:
copies of passport;
birth certificates;
no criminal record certificates;
bank statements;
proof of having made the necessary investment;
a Turkish tax number;
health insurance valid in Turkey;
passport-size photos.
Depending on your situation, you might need to provide additional papers.
You also need to get an eligibility certificate, a document granted to applicants allowing them to make an investment. Depending on the type of investment you need to address different institutions in Turkey:
purchase of real estate — Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization;
a capital investment — Incentive Application and Foreign Capital of the Turkish Ministry of Industry and Technology;
a deposit in a Turkish bank account — Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency;
investment in government bonds — Turkish Ministry of Treasury and Finance;
purchase of units in an investment fund — Department of the Brokerage Activities of the Capital Markets Board of Turkey.
Step-by-step Process of Obtaining a Turkey Passport by Investment
The general process of obtaining Turkish citizenship by investment involves six steps. It usually takes 6—8 months to get the country’s passport.
Choose your investment
Decide which investment suits you best according to your financial situation and preferences.
Decide which investment suits you best according to your financial situation and preferences.
Prepare necessary documentation
Gather documents, including a valid passport, birth certificate, marriage certificate (if applicable), proof of a clean criminal record, medical certificate, and documents pertaining to your investment.
Turkish authorities can also demand additional papers.
Gather documents, including a valid passport, birth certificate, marriage certificate (if applicable), proof of a clean criminal record, medical certificate, and documents pertaining to your investment.
Turkish authorities can also demand additional papers.
Make the investment
It might involve buying property, depositing money in a Turkish bank, investing in a business, or other investment options.
It might involve buying property, depositing money in a Turkish bank, investing in a business, or other investment options.
Submit an application
The citizenship application with all required documents is submitted to the relevant Turkish authority. It can be the consulate in your home country or the Immigration Office in Turkey. A residency permit will be issued initially.
The citizenship application with all required documents is submitted to the relevant Turkish authority. It can be the consulate in your home country or the Immigration Office in Turkey. A residency permit will be issued initially.
Wait for verification and approval
After submitting your application, Turkish authorities will conduct a background check. After completing the review process and meeting the legal requirements, you will receive approval for citizenship.
After submitting your application, Turkish authorities will conduct a background check. After completing the review process and meeting the legal requirements, you will receive approval for citizenship.
Obtain citizenship
Once your application is approved, you can take the oath and become a Turkish citizen. After obtaining your citizenship certificate, you can then apply for a Turkish passport.
Once your application is approved, you can take the oath and become a Turkish citizen. After obtaining your citizenship certificate, you can then apply for a Turkish passport.
The Validity of Turkey Investor Visa
Turkey investor visa is an equivalent of citizenship, so it is valid for life. However, you need to renew your passport every 10 years.
Key Features of Turkey Citizenship by Investment Program
Under the Golden Visa program, one can obtain Turkish citizenship by investing in the country’s economy.
There are 5 investment options:
purchase of real estate — $400,000+;
business investment — $500,000+;
bank deposit — $500,000+;
purchase of government bonds — $500,000+;
purchase of units in an investment fund — $500,000+.
With a Turkish passport, you can benefit from economic growth, social security, travel privileges and moving to Turkey.
Download our complete guide to learn everything you need about 9 popular Golden Visa programs.
Benefits
Investment options
Eligibility requirements
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