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Turkey Golden Visa – Citizenship by Investment in Turkey
Turkey’s Golden Visa is one of the quickest citizenship by investment programs in Europe. You can become a Turkish citizen in as little as six months
Migrate To Turkey

Destination Turkey is a Nations Online country profile of Turkey, which is positioned between Europe and Asia.

The Republic of Turkey is located in western Asia on the Anatolian peninsula, with a minor enclave in Thrace in Southeast Europe’s Balkan region.

Turkey has a Mediterranean Sea coastline in the south and east, and a Black Sea coastline in the north. It is bounded in the east by Armenia, Iran, and Azerbaijan (via the exclave of Nakhchivan), in the northeast by Georgia, in the northwest by Bulgaria and Greece, and in the southeast by Iraq and Syria.

Turkey has an area of 783,562 km2; it is more than twice the size of Germany or slightly smaller than the combined size of Texas and Louisiana in the United States.

Turkey has a population of 83.2 million people (as of 2020), with Istanbul as the largest metropolis and Ankara as the national capital.
Turkish is the official language, Kurdish is spoken by Kurds, and Arabic is spoken by Turkish Arabs.

Turkey Citizenship by Investment Program: Brief Overview

Turkish citizenship by investment was developed in 2017 to encourage and attract foreign direct investment in the Turkish economy and to stimulate the real estate sector. In exchange for lifelong citizenship privileges, the investment scheme invites qualified applicants to invest in the country.

Because Turkey is wedged between Europe and Asia — and hence of major geo-strategic importance for enterprises — the Turkish passport offers incredible benefits, including visa-free access or visa on arrival to 126 countries globally, including Hong Kong, Japan, and Singapore.

What are Turkey Citizenship through Investment

By purchasing a property or real estate in Turkey, you gain full citizenship for life, which can be passed down to future generations by descent.

Turkish citizens will have full access to investment possibilities in Turkey. Economic citizenship can be obtained in 5-6 months.

Turkey is a popular tourist destination due to its pleasant climate and strategic location. A tourist passport entitles you to visa-free travel to over 100 countries, including Japan, Singapore, and Hong Kong.

Turkey is a transcontinental country situated between Europe and Asia. It is an attractive country for both tourists and investors due to its handy location. Today, Turkey is one of the most respected countries in the world, known for its economic structure and membership in the IMF, United Nations, NATO, the G-20, and the World Bank. Turkey joined the EU Customs Union in 1996 and is currently negotiating with the EU.

What are Turkey Citizenship through Investment Requirements for India?

Turkish passport requirement for India

  • At least 18 yrs old
  • Purchase Home/Commercial property – min USD $400K (Indian INR 32,390,500) OR
  • Bank Deposit – $500K (INR 3.7 Cr) OR
  • Fixed Capital transfer / Government Bonds – $500K (INR 3.7 Cr) OR
  • Establish an enterprise that creates 50 jobs OR
  • Real estate investment Fund share – $500K (INR 3.7 Cr)
Eligibility Criteria

To qualify for Turkish citizenship, the primary applicant must fulfill one of the program’s investment requirements, and meet the following criteria:

  • Be at least 18 years old
  • Hold a clean criminal record
  • Have adequate health insurance
  • Have never overstayed illegally in Turkey
  • Not be from a black-listed nationality

Black-listed nationalities: Armenia, Cuba, Nigeria, North Korea, and Syria.

Document Checklist for Turkey Citizenship by Investment

The documentation requirements for Turkish citizenship by investment are substantial and subject to alter at the government’s discretion. It is strongly advised to obtain expert counsel if you are unsure about the documentation requirements. A specialist can always provide more specific information about the programme’s requirements.

General documentation needed:

  • Birth certificates of all the applicants
  • Passports of each applicant
  • Residence proof via a recent utility statement
  • Biometric, colored passport photos of each applicant
  • Marriage certificate (optional)
  • Death or divorce certificate of the spouse (optional)
  • Proof that all the applicants hold a clean criminal record
  • Proof of healthcare coverage valid in Turkey
  • Proof of investment of at least $400,000 into a bank account in Turkey or a lawyer’s client account
  • Turkish Tax ID Number (necessary)

 Property investments have additional document requirements, specifically:

  • Valuation report which needs to be accepted by the Capital Market Board
  • Land Registry Certificate showing the complete ownership of the property or properties
  • A valid private purchase contract from the developer
Golden Visa Fees

Application entry cost:

  • Notary & Translation Fees – $1,000 USD for single applicants, and an additional $250 per extra applicant
  • Application Fee – $400 USD
  • Healthcare Coverage – $700
  • Due Diligence Fee – none
  • Turkish Passport Fee – $500

For those who choose to purchase real estate to receive Turkey citizenship, the following property transaction costs are to be included:

  • Investment in residential or commercial real estate: worth at least $400,000
  • Land registry fee and stamp duty: 4-6%
  • Legal fees: 1% of property purchase price + 18% VAT
  • Title Deed Transfer: 4% of the purchase price, split between buyer and seller
  • VAT: 1 to 18% currently. You can apply as a foreign investor for VAT exemption.
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