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Schengen Visa Guide

Turkey Citizenship by Investment | Turkey Golden Visa

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Turkey Citizenship by Investment | Turkey Golden Visa

Turkey Citizenship by Investment | Turkey Golden Visa. In 2016, the Turkish citizenship by investment program (often referred to as a Turkey Golden Visa) was launched. It enables foreign investors to obtain a Turkish passport within three to six months.

Real estate investments worth at least $250,000 are the minimum investment option. Other options include investing in government bonds or establishing an enterprise that will create jobs for Turkish citizens.

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Turkey Citizenship by Investment Options

You can obtain Turkish citizenship by investment in the following ways:

  • Invest at least $250,000 in real estate
  • Invest at least $500,000. Hold government bonds for at least three years.
  • A minimum of 50 employees will be needed to establish a company.
  • A minimum investment of $500K is required.
  • Make a minimum deposit of $500,000. Keep it for a minimum of three years in a Turkish bank.
  • Over a three-year period, invest at least $500,000 in a real estate investment fund or venture capital investment fund.

Benefits of the Turkey Investment Visa

For foreign investors, Turkey offers many advantages, including:

  • Turkish passport in as little as three months.Within three to six months after making your investment, you can apply for Turkish citizenship.
  • Immediate permanent residence and citizenship in Turkey. When you apply for a Turkish Investment Visa, you will receive a permanent residence card, which you can use to live and invest in Turkey.
  • Pathway to the US E2 Investment Visa.If you are a Turkish citizen, you can apply for the US E2 Investment Visa, which allows you to live, invest, and work there.
  • Business opportunities in EEC (European Economic Community) countries. The Ankara Agreement allows Turkish citizens to work, establish a business, and permanently move to an EEC country. Though a visa is required, the application procedure is easier than in other countries.
  • Pathway to the UK’s Turkish Businessperson visa.The Turkish passport enables you to set up a UK business and obtain British permanent residence through a facilitated pathway.
  • Visa-free entry to over 110 countries. You can visit more than 110 countries without a visa as a Turkish citizen, including Mexico, Japan, South Korea, and Hong Kong. Turkish citizens are also being considered for Schengen visa liberalization.
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Residency Requirements

You can obtain Turkish citizenship as an investor six months after making an investment, without ever living in Turkey.

In addition, you can hire representatives to handle your investment, visa application, and citizenship process, such as the advisors and legal experts at La Vida – Golden Visas. As such, you do not have to be in Turkey for your investment and visa application, if you so wish.

In some cases, however, you may need to enter Turkey in order to oversee your investment. For example, if you are purchasing real estate, then you will need to inspect the property or compare different options.

Who Can Apply for a Turkey Investment Visa?

If you meet the following criteria, you may apply for a Turkey Investment Visa:

  • You are an adult.
  • No criminal record exists for you.
  • You have never stayed in Turkey illegally.
  • Due diligence has been completed on your investment.
  • Your funds have been legally obtained.

How to Apply for a Turkey Investment Visa?

To apply for a Turkish Investment Visa, follow these steps:

  1. Make an investment that qualifies.It’s important to talk to your advisors (like those at La Vida – Golden Visas) to determine which investment is best for you.
  2. Obtain a Certificate of Eligibility.There are different authorities responsible for issuing a certificate of eligibility depending on your investment. In the case of real estate investment, you must contact the Turkish General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
  3. Open a Turkish bank account. It is necessary for you to open a bank account in Turkey, where you can deposit your money. Your advisors and legal representatives can help you open the account.
  4. Apply for a Turkish residence permit. You can apply for a residence permit at the Turkish Provincial Directorate of Immigration Administration once your investment is approved. Your residence permit will be issued immediately, so you can live in Turkey while you finalise your investment and apply for citizenship.
  5. Make your investment.The citizenship application requires you to finalize your investment and collect all required documents, certificates, translations, etc.
  6. Apply for Turkey citizenship. After you have made your investment, you can apply for Turkish citizenship at the Provincial Directorate of Census and Citizenship. This application usually takes four months to process.
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Where to Receive Certificate of Eligibility for Turkey Investor Visa?

You must apply to the following institutions (based on the nature of your investment) to obtain a Certificate of Eligibility for investment in Turkey:

  • For investment in real estate: The Turkish Land Registry and Cadaster is administered by the Ministry of Environment and Urbanization.
  • For a capital investment: Turkish Ministry of Industry and Technology Incentive Application and Foreign Capital.
  • For a deposit in a Turkish bank account: Regulatory and Supervision Agency’s Department of Financial Consumer Relations.
  • For an investment in government bonds: The Turkish Ministry of Finance and Treasury.
  • For purchasing real estate investment fund share or venture capital investment fund share: The Brokerage Activities Department of the Turkish Capital Markets Board.
  • For establishing a company that will employ at least 50 people; The General Directorate of International Labor of the Ministry of Family, Labor and Social Services is responsible for this area.

Family Members of Turkey Investor Visa Applicants

The following family members can be included in your Turkey Investor Visa application:

  • Your spouse or partner.
  • Children under the age of 18.
  • Financially dependent children up to the age of 21.
  • Elderly parents who are dependent.
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Documents for Turkey Investor Visa Application

In order to apply for a Turkey Investor Visa, you will need the following documents:

  • Passport (for each applicant).
  • Proof of having made the necessary investment.
  • A Turkish Tax Number.
  • Document proving you have never stayed in Turkey illegally.
  • Tax and fee receipts for Turkey Investment Visa applications.
  • Background checks (for each applicant).
  • Birth certificate (for each applicant).
  • Passport-size pictures (for each applicant).
  • Marriage certificate (if applicable).
  • Divorce certificate (if applicable).
  • Death certificate (if applicable).
  • Proof of health insurance that’s valid in Turkey (for each applicant).

The Validity of Turkey Investor Visa

Following your investment, you can apply for Turkish citizenship, which is granted for life, and a Turkish passport. You must renew your passport every ten years.

Does Turkey Allow Dual Nationality?

In Turkey, dual nationality is allowed for investors. You can maintain your current citizenship while acquiring a Turkish passport.

A dual citizenship must, however, be allowed by the nationality laws of both countries.

Before obtaining a Turkish passport, you must renounce your current citizenship if it does not allow dual citizenship.

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Going From Turkey Investor Visa to the US E2 Investment Visa

The Tukey Investor Visa makes you eligible for the US’s E2 Investment Visa. The US has a treaty with 78 countries (including Turkey) which grants applicants an E2 Visa in exchange for an investment of $100,000 to $200,000.

Although the E2 Visa is non-immigrant (does not grant a Green Card), it is a five-year visa that can be renewed indefinitely. Since the E2 visa requires only $200,000, as opposed to $900,000, it is more desirable than the EB5.

Because investors can obtain Turkish citizenship relatively quickly by investing in Turkey, many investors who wish to enter the US choose to go through this process: invest in Turkey, get a Turkish passport, apply for an E2  Visa.

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Conclusion

In summary, the Turkish Citizenship by Investment program, commonly known as the Turkey Golden Visa, was initiated in 2016, providing a swift route to Turkish citizenship within three to six months for foreign investors. Options include real estate investments of at least $250,000, government bond holdings, or establishing enterprises generating jobs for Turkish citizens. The benefits encompass visa-free travel, immediate permanent residence, and pathways to US E2 Investment Visa and business opportunities in European Economic Community (EEC) countries.

The process involves qualifying investments, obtaining a Certificate of Eligibility, opening a Turkish bank account, applying for a residence permit, making the investment, and finally, applying for Turkish citizenship. Dual nationality is permitted, allowing investors to maintain their original citizenship while acquiring Turkish citizenship. The Turkish Investor Visa also serves as a pathway to the US E2 Investment Visa, providing a strategic route for international investors.

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Schengen Visa Guide

Permit for Permanent Residents of Germany

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Permit for Permanent Residents of Germany

Permit for Permanent Residents of Germany. Working or studying in Germany may lead to permanent residence, and perhaps even citizenship in the future. However, you will only be able to become a German permanent resident and obtain a Settlement Permit if you fulfill certain requirements.

The German permanent residence permit is also known as the Settlement Permit, and it is issued after you have lived and worked in Germany for a specified period of time – usually four years, but certain visa types allow you to apply sooner.

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How Long Until I Can Become a German Permanent Resident?

You must live in Germany for a period of time before you can get a Settlement Permit. As such, you can become a German permanent resident:

  • If you are a skilled worker, after four years.
  • In the case of researchers, after four years.
  • If you have a German university degree or vocational training, after two years.
  • If you are an EU Blue Card holder, the Settlement Permit can be obtained after 33 months. If you are an adequate speaker of German, the Settlement Permit can be obtained after 21 months.
  • If you are a self-employed person, after three years.
  • In the case of freelancers, after five years.
  • For family members of German nationals, after three years.
  • If you are an asylum seeker or refugee in Germany, the five-year period can be shortened to three years if you speak German well and are able to support yourself.

German Permanent Residency Requirements

For permanent residence in Germany, you must also fulfill the following requirements:

  • The income you earn must be sufficient to maintain yourself and your family without relying on public assistance.
  • A large living space is necessary for you and your family.
  • When you lived and worked in Germany, you must have contributed to the statutory pension scheme.
  • You have held a position concurrently with your qualification or degree during your residence in Germany.
  • German is at least a B1 level, according to the Common European Framework of Reference for Languages (CEFR).
  • To prove that you are knowledgeable about German culture, law and society, you must pass the “Life in Germany” test.
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Benefits of German Permanent Residence

As a permanent resident in Germany, you will have access to more benefits than as a temporary resident. These benefits include:

  • Your residence permit does not need to be renewed every few years.
  • No matter what your qualifications or degree are, you can change jobs or start a business.
  • If you lose your job, you will be eligible for German social security benefits.
  • If you want to study at a German university, you can apply for financial aid.
  • German real estate can be purchased with a bank loan.
  • After living in Germany uninterruptedly for eight years, you can apply for German citizenship.

How to Apply for German Permanent Residence?

In order to apply for a German Permanent Residence Permit, you must apply before your current residence permit expires. The process is as follows:

  1. Make an appointment with the local immigration office (German Immigration Office). This is the same office where you first obtained your residence permit.
  2. Complete the settlement permit application form.
  3. As listed below, collect all the required documents.
  4. If you are applying for a settlement permit as the spouse of a German national, you must bring your documents and your application form to the immigration office for your appointment. You will also be required to participate in an interview during the appointment.
  5. Payment of the application fee will be discussed during your appointment. Cash, an EC card, or a bank transfer will be accepted.

We recommend contacting Schlun & Elseven Rechtsanwälte if you need further assistance with the application for German permanent residency. In addition to providing comprehensive guidance and support with residency permit applications, they have many years’ experience dealing with German residency permits.

Processing Time for German Permanent Residency

You will receive a decision about two to three weeks after submitting your application and documents to the immigration authority.

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What Documents Will I Need for the Permanent Residency Application?

The following documents must be submitted when applying for a German Permanent Residence Permit:

  • Your passport.
  • A completed and signed settlement permit application.
  • Here’s a passport-size picture taken recently. The size is 35mm x 45mm, and the background is white.
  • Health insurance proof from Germany.
  • You must submit a confirmation document from your provider if you are enrolled in statutory health insurance.
  • It is important to submit your private health insurance policy and proof that you have paid your contributions if you have private health insurance.
  • Proof of social security contributions.

Income and financial stability proof:

  • Bank statements if you are employed
  • You must file tax returns if you are a freelancer or self-employed person.
  • You need a recognized certificate showing at least B1 level of German language proficiency.

An employment contract, along with:

  • Last six months’ salary statements.
  • Within the last 14 days, you have received a certificate of employment from your employer.
  • German pension insurance certificate.
  • The audit report must be completed by a professional, such as a tax consultant, agent, or auditor, if you are a freelancer or self-employed individual.
  • In the case of retirees, the pension entitlement notice.

Proof that you are a German citizen. Examples include:

  • Registration of Address Certificate.
  • You will need a lease or rental agreement from your landlord.
  • An official German degree or vocational certificate (if applicable).
  • If your spouse is a German citizen, your marriage certificate.
  • Professional license (if you are considered highly skilled).

You may be asked for additional documents depending on your specific situation by the immigration authority. Consult a reliable immigration law expert if you need further legal assistance obtaining such documents or for any other reason during the application process.

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What is the cost of a German Permanent Residence Permit?

Permit types determine the cost of your permanent residence permit:

  • There is a fee of €113 if you are a skilled worker.
  • You will be charged €124 if you are a freelancer or self-employed person.
  • €147 is the fee for highly qualified professionals.
  • You will have to pay €28.80 if you are a Turkish citizen.

Can I Work in the EU With German Permanent Residence?

Those who are permanent residents of Germany cannot work in other EU countries. It will be necessary for you to give up your German residency if you find work in another country, which means you will have to apply for the relevant work and residence permit.

Can International Students in Germany Receive Permanent Residency?

The time you spend in Germany as an international student does not count towards your “residency time” for permanent settlement in Germany.

With a degree from a German educational institution, you have an advantage. Once you graduate, you can apply for a Job-Seeker Visa to search for work, and after two years, if you receive a qualified job offer (and obtain a German skilled-worker residence permit), you can apply for permanent residence.

A skilled worker with a non-German degree will need to wait four years before applying for permanent residency.

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Do I Lose My Permanent Residence Permit If I Leave Germany?

If you go abroad for a short period of time, such as a vacation or a visit home, your permanent residence status will not be lost. However, if you stay abroad for a longer period of time, your permanent residence permit will be revoked.

How Long After Settling Can I Become a German Citizen?

If you have lived continuously in Germany for eight years and meet all other requirements, you may apply for German citizenship. If you require further legal advice relating to gaining German citizenship, we can recommend the services of the German citizenship lawyers at Schlun & Elseven Rechtsanwälte.

With naturalized German citizenship, you gain the same rights as born German citizens, including the right to travel.

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Conclusion 

Obtaining permanent residency, or the Settlement Permit, in Germany involves meeting specific criteria based on factors such as employment, education, or family ties. The duration to qualify varies, ranging from two to five years. Requirements include financial stability, language proficiency, and contributions to social security. The benefits of permanent residency encompass job flexibility, access to social security, and eligibility for financial aid. The application process involves document submission, an appointment with the immigration office, and a processing time of approximately two to three weeks. Permanent residency can pave the way for German citizenship after eight years of uninterrupted residence.

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