Some countries have changed the citizenship requirement: Get funds, not a house

The practice of becoming a citizen by purchasing real estate has been replaced by the practice of investing in capital funds in some countries.

Portugal, which is especially popular with its Golden Visa program that grants citizenship to international investors on the condition that they spend a short period of time in the country, such as 7 days per year, has also switched to a fund application instead of real estate. Optylon Krea, which was founded as a Turkish-French partnership and currently operates under the umbrella of Ando Living, is also attracting investors to Portugal with its Golden Visa fund, which it established in 2018.

TURKS ARE FIRST AMONG 600 INVESTORS

Şafak Nervo, CCO of Optylon Krea, said, "Today, among our 650 Golden Visa investors, Turks are in first place, while Americans are in second place with a share of 26 percent. These funds not only offer investors financial opportunities, but also provide the opportunity to progress in the process of residence and citizenship in Europe with the Portugal Golden Visa program."

WHAT IS A GOLDEN VISA?

The Golden Visa is a program that is in demand because it offers the right to free movement in many countries, especially in the EU, and provides rent in foreign currency. In return for investment, it allows individuals to obtain a residence permit in Europe, including their families. Individuals who are included in the Golden Visa residence permit program take the first essential step in obtaining EU citizenship.

Odatv.com