Turkey tightens foreign citizenship investment from June

Once you are a Turkish citizen, you can apply for the US E2 Investment Visa, which allows you to live, invest, and work in the US. Greece Golden Visa program is one of the most popular as well as an affordable one. All EU and non-EU residents can apply for the permanent residency program in Greece and benefit from the European services it offers. You can apply for Portuguese citizenship after staying there for five years. Some of these countries offer visa-free travel, while some offer visas on arrival. In addition, these also allow a person to stay there for a specific duration.

The investment part comes first followed by the more complex migration aspect. Beware of bad actors who are only interested in your investment and abandon you when it comes to the migration process. Buy real estate or land with a minimum value of $400,000.

Steps for Turkish Citizenship Application by Real Estate Investment

So, if you have ever planned to move to this great European nation, you have a good deal. The Spain Golden visa was launched in 2013, and the requirements and benefits are as below. Your family can join you, and each member will be eligible for all the public services. For instance, if you have rented out your property, you are required to pay taxes.

If you can acquire financing from overseas to pay for your property, you would then be deemed as eligible for Turkish citizenship, so long as the property has been paid for in full. A Turkish passport would grant you visa free/ or on arrival access to 115 countries, including Japan, S. Korea, and the majority of S. Turkish citizens also benefit from easy visa access to the US, UK, EU, Canada, and Australia. A Turkish passport gives a wide range of advantages that most people are totally unaware of. If the far east is your target, then you can enjoy visa-free, or visa on arrival access to most of the financial powerhouses in the region, including Japan, Singapore, South Korea, and Thailand.

Alternatives of Getting Turkish Citizenship by Investment

After this, you will receive a residence permit – this is a mandatory procedure when applying for a passport. BIFC also demands banks to get passport information, residency and other identity information from people who are not Turkish citizen. As long as you provide these documents, you can open a deposit account from abroad. But banks can their own rules and policies about account opening process.

Invest at least $500,000 in a real estate investment fund share or venture capital investment fund share for at least three years. Get Golden Visa is a full-service investment immigration agency. We provide end-to-end solutions on residence and citizenship by investment programs in numerous countries worldwide. Investors applying for Turkey citizenship by investment are not required to renounce their old citizenship of their country of origin and get Turkish citizenship. This gives a significant advantage to people who wish to stay and work in their native country.

There is no minimum investment requirement for the E-2 visa. If you increase investment in the American economy to $800,000 or create ten jobs, you can get an EB-5 visa and a green card that opens the gate to citizenship. You will have started gathering these documents early on to not waste time. These documents, along with an application Turkish citizenship 250.000 Usd form and the Certificate of Conformity, are then sent to the immigration office for a special residency visa. 2-3 weeks later you and your family receive your residency cards. All the information concerning the real estate transaction or bank deposit are then sent to a sworn expert/appraiser who must appraise the value of the investment.

The first Turkish citizenship applied for and received by us was fifteen years ago, long before anyone else was offering this service in Turkey. If it is the USA, then Turkey is a treaty country for both the E-1 and E2 visa programs, as well as enjoying visa-free access to 95% of south and central American countries. Avoidance of double taxation with the country of your first citizenship. If this is not possible, the documents can be obtained by a lawyer. Housing is very liquid – usually properties are sold in a couple of months. Purchased Turkish real estate can be a profitable investment.

Turkish law is a part of EU-Civil law system, this means property will be freehold and it could be inherited by further generations without any restrictions. It is required to have a Residency Permit in Turkey to live permanently in Turkey, the conditions of which is subject to rules. As a rule, Turkish Citizenship by Investment Investors who are aged over 22 years old are all exempted of military in Turkey.