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Turkiye

Golden Visa Program

From crystal clear waters and tall mountains, to ruins of ancient empires, small idyllic villages, and huge cosmopolitan cities — Turkiye is a truly unique destination that boasts more than great business opportunities. Aside from its exceptional Mediterranean climate and beautiful nature, Turkiye has one of the fastest growing economies in the world and represents a central point between Europe, Asia, the Middle East and Africa, providing an exceptional quality of life, ease of doing business, and uncompromised global mobility.

WHY CHOOSE TURKIYE?

Turkiye’s cultural and historic legacy is only one of the reasons why the nation is one of the most attractive and visited destinations in the world. With a vast market of over 80 million people, Turkiye presents endless investment and business opportunities for global citizens looking to diversify their portfolio.

While its bustling capital of Istanbul leads as one of the largest global hubs in the world, the country’s central geographic location secures easy access to the EU, Middle East, Africa and Asia

Program benefits:

  • Fast processing - residency within 3 weeks;
  • Approval of citizenship in 3 months;
  • No language requirements;
  • No obligation to relinquish current nationality;
  • Main applicant can include spouse and dependents below age of 18 to the application (citizenship can be passed down to future generations);
  • No physical residency requirements;
  • Global mobility to more than 100 countries;
  • Turkiye’s visa agreement with European Union countries allow citizens to receive a priority Schengen visa in less than a week;
  • Low tax on worldwide income;
  • E-2 treaty signed between Türkiye and the United States allowing Turkish citizens to operate a substantial business in the U.S. and reside therein;
  • Turkiye is among the top 15 largest economies in the world with a market of over 80 million people.

BENEFITS

  • Fast and straightforward procedure where applications are processed within 3-4 months;
  • Residency cards are renewed every 5 years for the lifetime of the main applicant and their parents, provided they keep a house of minimum sales value as per the investment thresholds;
  • Applicants are issued with a 1-year long multiple entry residence visa for Greece upon application, which is canceled upon issuance of their residency cards;
  • No VAT is payable on property purchases until the end of 2023;
  • Right and no obligation for residing in the country;
  • Children up to 21 years old and parents of the spouses can participate in the Program;
  • Holders of the residence permit have access to public education (schools, universities) at the same terms as these for Greek nationals;
  • Visa-free access to 172 countries, including Schengen countries;
  • Right to enter and reside in Greece even in case of closed borders;
  • Greece has been ranked as the world’s number one country for retirement.

QUALIFICATIONS

To qualify for Turkish residency or citizenship, applicants must fulfill one of the investment options in addition to meeting the following criteria :

  • Possess a valid passport or another foreign travel document
  • Submit all documents and information required under the program and successfully pass the due diligence and background verification, including the ones relating to the source of funds used to make the qualifying investment;
  • Hold no criminal record.
  • Be at least 18 years old;
  • Possess a valid passport;
  • Enter Greece legally;
  • Complete in full the purchase of the property.

The following family members qualify as dependents of the main applicant:

  • Spouse;
  • Children up to 21 years old;
  • Parents of the main applicant;
  • Parents of the spouse.

INVESTMENT REQUIREMENTS

Applicants are required to invest in a real estate project in the country for the minimum amount of US$400,000.

The investment must be held for 3 years and can be released after.

Developing into a business, commercial and residential center of power, Türkiye is at the cusp of opportunity. From becoming a top-tourist destination, to a boom of mega projects, including new airports, intercontinental tunnels and bridges, the real estate market in Türkiye has become amongst the most promising in the world.

With its young and growing population, coupled with its highly developed urban infrastructure, nothing offers a surge of potential and a lucrative return on investment, like real estate in Türkiye.

  • Invest in a housing unit having a minimum price of €250,000. This threshold is raised to €500,000 as on August 1, 2023 for the areas of Central, Southern and Northern Athens and other specific municipalities and islands, or
  • Invest in financial products such as corporate shares, bonds and Government Treasury bonds that are traded on regulated markets, as well as bank deposits. All these must meet certain criteria. The starting investment amount is €400,000 rising to €800,000.

APPLICATION FEES

LICENSE OPTIONS

The fees associated with this program cover service and legal representation for the main applicant and all qualifying family members throughout the process, until naturalization is obtained.

The advisory fees are non-refundable and are payable in one installment.

Translation, notarization and authentication fees at all stages of the process are the responsibility of the investor.

All application fees charged by the Turkish state are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

PROCESSING FEES

Applicants must pay processing and government fees

PROCESSING FEES:

  • US$838: Main applicant
  • US$1,326: Main applicant and spouse
  • US$2,040: Main applicant and up to 3 dependents (fees may vary depending on age)
  • US$1,000: Bank account opening (only for Main Applicant)

PROCESSING FEES:

  • US$525: Main applicant
  • US$938: Main applicant and spouse
  • Title deed transfer tax: 2-4% of total property value

AVAILABLE PATHWAYS

The United Arab Emirates has three pathways to company registration: mainland for global trading, free zone for 100% foreign ownership in the free zone, and offshore for tax optimization.

Mainland

A mainland company is nothing but an onshore company which is registered under the government authority of the concerned emirate. The trade license is issued by the Department of Economic Development of the particular emirate. A UAE mainland company is mainly characterized by the liberal trading conditions. Unlike the other two types of companies, a mainland company has the advantage of receiving authorization to trade both on the UAE local market and outside the UAE.

Free Zone

A free zone company is a company formed within a special economic area within an emirate where goods and services can be traded. There are more than 40 free zones operating in the UAE. Free zones have their own regulations and have a government regulatory body called the Free Zone Authority. The Free Zone Authority is in charge of trade license issuance. A UAE free zone is characterized by the benefits of 100% foreign ownership and tax concessions. A free zone company is authorized to trade between businesses in and outside of the UAE.

Offshore

An offshore company is a business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership. A company may legitimately move offshore for the purpose of tax optimization or to enjoy more suitable regulations.

AVAILABLE JURISDICTIONS

Establishing a company in any part of the world can be challenging – with a multitude of available jurisdictions in the UAE alone, how do you know which one works for you?

While this can depend on several factors like your business activity, company structure, and the necessity of a physical office space, our seasoned business setup consultants take away the hassle with personalized solutions that cater to your unique business needs.

Here are some of the best jurisdictions in the UAE:

Department of Economic Development (DED) Dubai Mainland

For businesses wishing to operate in Dubai and expand across the UAE, the Department of Economic Development Dubai Mainland enables direct trade with customers, other mainland businesses, and the provision of essential services from the government of Dubai.

Dubai Multi Commodities Center (DMCC)

A globally recognized and strategically located freezone, DMCC is ideal for corporate businesses that require a physical presence. With more than 19,000 companies registered to date, DMCC is a trade and enterprise center for commodities.

Jebel Ali Free Zone (JAFZA)

Best known for its world-class port and close proximity to major markets, Jebel Ali Free Zone is an economic trade hub for industrial businesses that require warehouse spaces and logistics infrastructure

Meydan Freezone

Meydan Freezone is the place to be for freelancers and start-ups. With numerous competitive licensing options, this freezone provides a vast support system to new and emerging businesses entering the UAE market.

Ras Al Khaimah International Corporate Centre (RAK ICC)

RAK ICC is one of the world’s fastest growing corporate registries. For businesses looking to setup an offshore operation in the UAE, RAK ICC offers the most time-efficient and cost-effective solution.

UAE GOLDEN VISA

In addition to the business setup options which give foreigners short-term residency status, the Government of UAE has also established a successful long-term residency program. The UAE Golden Visa for investors in public projects and real estate secures 10-year visa for qualifying applicants

The minimum investment requirement is AED2M in the form of:

  • A deposit in an investment fund in the UAE, or
  • Purchased property or off-plan deal.

In some cases, there is a minimum mandatory holding period and restrictions to use loans for the investment.

Benefits :

  • Can include the spouse and children, as well as one executive director and one advisor;
  • Extended period for stay outside of UAE for more than 6 months;

APPLICATION FEES

All application fees charged by the UAE government are subject to frequent change. These fees depend on the jurisdiction type, license activity and complexity of the process.

Contact us to get precise quote based on your needs and preferences.

NEXT STEPS:

PROGRAM CHECK

Compare the different programs side by side and examine their features.

PROGRAM COST

Find out the cost estimates for each program tailored to your family.

PROGRAM MAP

See the power of global mobility for each passport.

DOWNLOAD BROCHURE (PDF)
ARTON INDEX SCORE
COST
17%
SPEED
20%
GLOBAL MOBILITY
12%
QUALITY OF LIFE
7%
SIMPLICITY
17%

The Arton Index is an overall assessment and comparative bench mark of the country and its investment program.
turkey
82,719,300

Population growth 1.45%

7,615 USD

GDP (per capita)
GDP (purchasing power parity)
851.1 billion USD (2017 est.)

128

Visa free countries

LOCATION

Southeastern Europe,

Western Asia

CAPITAL

Ankara

DIFFERENCE
GMT +3

TOTAL AREA
783,562 km2

AGE DEMOGRAPHICS
0-14: 15.34%, 15-24: 11.36%, 24-54: 41.72%, 55-64: 12.18%, 65+: 19.4%

LANGUAGE
Turkish

RELIGIONS

Sunni Islam in total: (80.5%),

Shia Islam in total: (16.5%),

Quranist Muslims: (1%),

Spiritual but not religious: (1%),

Others: (0.8%),

Christians: (0.2%)

GOVERNMENT TYPE
Democratic parliamentary republic

CURRENCY
Turkish Lira (TRY)

EXCHANGE RATE
1 USD = 14.14 TRY (2022)

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