With millions of people visiting the country and not willing to leave, the Turkish government started the Golden Visa program in 2016. This is to help passionate Turkish tourists easily access citizenship to reside in the country of their dreams.
What is the Turkish Golden Visa Program?
The Turkish Golden Visa Program is an initiative that seeks to reward foreign investors in the country with citizenship. The initiative is also called the Turkish Citizenship by investment program.
How can foreigners be eligible for the Turkish Golden Visa Program?
To become eligible for the Turkish Golden Visa Program, the foreigner has the option of buying real estate property worth about $450,000. This can be a single or multiple property with a total value as stated above.
Other options for foreigners to become eligible for the Turkish Golden Visa include starting a business in the country and employing 50 citizens, investing in government bonds, and so on. Any investment that grants you Turkish citizenship has to be maintained in the country for a minimum of three years.
What are the benefits of the Turkish Golden Visa program?
This is a fast process of becoming a Turkish citizen as you can get your Turkish passport within three months.
You have the right to immediate Turkish citizenship and permanent residence.
The Turkish Golden Visa program is a qualifying pathway that allows you to easily access the elusive US E2 Investment visa. This means that you can easily apply to work, invest, and live in the US.
This visa initiative opens up the applicant to various business opportunities with the European Economic Community (EEC).
The Turkish Golden Visa program also opens a pathway to the Turkish Businessperson visa from the UK. This means that you can set up a business in the UK and hold a permanent residency in the country.
Turkey citizenship by investment visa makes it possible for the holder to access more than 110 countries without a visa. This means that you can travel half the world without experiencing the stressful visa application process.
Turkey Golden Visa program: How to get Turkish citizenship
You can get Turkish citizenship through one of the available numerous ways. Based on how you invest in the country, you can become a citizen of Turkey through the following ways:
By investing in real estate
By making a capital investment in the country
By depositing a certain amount of money in a bank in Turkey
Investing in government bonds
By buying fund shares for real estate investments
By starting a business/company with no less than 50 employees
Turkey’s Golden Visa: Eligible family members
When applying for an investor visa for Turkey, you can include a certain number of members of your family. They include:
A wife, partner, or spouse
Dependent elderly parents
All children that are below 18 years old
Children that are about 21 years old and financially dependent
How long is the Turkish passport valid?
The Turkey Investor Visa has an indefinite validity period. As soon as you have invested in the country up to the required amount, you are then eligible to make an application for citizenship in Turkey. Once granted, your Turkish citizenship is valid for life. This is presented through an official Turkish passport. However, this passport has to be renewed once every ten years.