October, 04 2022
When most people think
about Turkye, they think about the beaches, the ancient sites and the
bazar. But Turkye has a lot more to offer. From a business
standpoint, Turkye is on the way to becoming a major financial
center, comparable to London or Tokyo, as soon as 2023. Even more,
the working population is over 100.000 and here you can find
low-cost, qualified foreign speakers in domains such as it, sales or
trade.
But what is living in Turkye like? The living cost is low, the climate is mild and the transportation infrastructure is extremely good.
Turkye is a world renowned center for Medical Tourism, an area that is also in continuous expansion. About half a million people visit Turkye for medical procedures each year, but Turkish officials aim for an increase in the number of medical tourists.
Golden Visa is a citizenship by investment program in which people invest in certain assets in the given country, in exchange for the second citizenship. Usually, getting a Golden Visa requires a real-estate investment, or opening a business in the country that will create jobs for the locals.
The Golden Passport also covers family members and will be automatically renewed while the investment in the country continues. Your spouse and children will automatically get Turkish citizenship and have the right to live, work and study in Turkye, as any Turkish citizen.
Besides the advantages of living in a developing country with breathtaking landscapes and a rich history, the Golden Passport offers you other benefits, such as Visa free travel to 110 other countries.
People interested in getting a Golden Passport in Turkye need to meet the following requirements:
Personal requirements:
You must be over 18 years old
You must have a valid passport
You must not have a criminal record
Financial requirements:
You must have the capital for the investment at the time of the application
You must be able to prove the money does not come for illegitimate or illegal sources
You must have enough money to support the living costs of you and your family in Turkye
There is no minimum residency required for obtaining a Golden Visa.
Originating from a country that does not accept dual citizenship will not affect your Golden Visa application. In case your country does not accept dual citizenship, you can renounce your initial citizenship and become a Turkish citizen with full rights.
People interested in getting a Turkish Golden Visa should make a 400.000 USD investment in real-estate.
The real-estate investment sum can cover, for example, an apartment in Istambul, located near the beach. Since we already mentioned the transportation infrastructure, you should know that a commute to the center of the city won’t take longer than 40 minutes.
Or if you are more of a romantic, you could own a coquettish home in Bodrum.
You must know that you will need to hold the property for at least 3 years.
The capital investment can be made in a Turkish bank, in a Government Bond, a real estate or venture capital investment fund and the held period is also three years.
If you would like to open a business in Turkye, then you should know that your business plan must provide jobs for at least 50 locals.
Turkish citizenship comes with a sum of adventages for you and your family:
Pension programs
Free education
Full medical assistance
Visa free travel to more than 110 countries
Future access to EU and Schengen countries
After six months from your application, you will be granted lifetime Turkish citizenship for you and your family.
If you would like to apply for a Turkish Golden Visa, do not hesitate to contact us. We will guide you along the way of obtaining your Turkish citizenship, will avoid double taxation treaties and offer you complementary real-estate advice from our partners.
Contact us using the contact form or call us at: + 1 (646) 980-6460
+1 (646) 980-6460