Turkey launches a new Tech Visa: what is it and how to get it

Turkey has introduced a new type of work permit in Autumn 2024. There are two types of permits: for individual talents and startups.

As the official website puts it, “Türkiye Tech Visa is an exclusive invitation program for talents with critical expertise in technology and startups with innovative business models and technology-based studies.”

Who can qualify. The Visa is available to skilled professionals and startup founders looking to relocate and contribute to Turkey’s tech industry. However, further clarifications on family inclusions and requirements for applicants are yet to be released.

Validity. This visa is announced to be valid for three years and aims to support the country’s growing technology and innovation ecosystem.

How to apply. Applications can be personally submitted on the Türkiye Tech Visa website.

Prospect of citizenship. It is not yet known whether the Tech Visa will be a path to Turkish citizenship. However, investors can obtain citizenship in Türkiye by participating in the Turkish Citizenship by Investment Program.

How to obtain Turkey Citizenship by investment

The minimum investment in Türkiye’s economy is $400,000. Five options are available: purchase of real estate or units of an investment fund or bonds, participation in the share capital of a Turkish company, and opening of a deposit in a Turkish bank.

Once the application is approved, Turkish citizenship is granted, typically within 8 or more months. The investor and their immediate family, such as a spouse and children under 18, are eligible for Turkish passports.

Portugal Startup Visa is aimed at entrepreneurs looking to establish innovative businesses in Portugal. To apply, entrepreneurs must collaborate with a Portuguese business incubator, submit a business plan, and meet financial requirements by demonstrating at least €9,840 per applicant.

Foreigners are able to apply for Portugal citizenship in 5 years after requesting residency.

Hungary Business Residence Permit allows non-EU citizens to obtain a residence permit by registering a company in Hungary, with a minimum capital investment of €7,700.

The permit is initially valid for one year and can be extended for an additional two years. Family members can also obtain residency one year after the main applicant does. This program is a pathway to permanent residency and potential citizenship in Hungary after 11 years of continuous residence.

Despite little details being revealed about the Tech Visa in Turkey, the officials promise a quick and simple application process. Tax benefits are also on the table since companies and startups involved in R&D in Türkiye are exempt from paying income tax.

Turkey is also expected to cover 50% of your security premiums, including comprehensive healthcare services, for those who apply for a Tech Visa. But further details are to be announced later.