Real Estate Residence Permit In Turkey
The Real Estate Residence Permit In Turkey is a type of residency permit that allows foreigners to live in Turkey legally. It is similar to a tourist residence permit in many ways, but it has much stronger legal rights and a longer renewal period.
To obtain a real estate residence permit, it is necessary to purchase a property with a specific value in Turkey. The minimum purchase amount is $75,000 for property in Istanbul, Ankara, Izmir, Bursa, Antalya and Gaziantep, and $50,000 for other Turkish cities.
WHAT IS RESIDENCY IN TURKEY THROUGH PURCHASING A PROPERTY?
Residency in Turkey through purchasing a property is one of the most common ways for foreigners to enter the country legally. It allows you to get a residence permit in Turkey and stay in the country for one or two years, without requiring a visa.
Those who purchase a property through this real estate residency program in Turkey are eligible to apply for Turkish citizenship after completing a number of requirements, including obtaining a work permit and establishing a limited company. This also leads to the right to travel visa-free to more than 110 countries.
In addition to that, you need to have a valid visa for Turkey, and if you are applying for a residence permit, you need to have enough money in your bank account to cover your expenses while you are living in Turkey. Besides that, you must have documents related to your real estate investment and you must show that your property is not subject to any restrictions on the sale of it. For this reason, it is important to have a specialist in the field of real estate assist you with this process.
GETTING A RESIDENCE PERMIT IN TURKEY BY PURCHASING A PROPERTY
The easiest way to obtain a residence permit in Turkey is through the purchase of a property. This is the ideal option for foreigners who are looking to start a new life in Turkey and want to become permanent residents of the country.
It is also a great choice for foreigners who have already arrived in Turkey on tourist or student visas. These types of permits allow you to stay in the country for up to a year and may be renewed.
Buying a property is an excellent investment option in the country, which offers many benefits. These include access to Turkish health care, educational services and the ability to move between different provinces.
However, before you make an investment, be sure to check whether or not you are eligible for a real estate residence permit in Turkey. To do so, you must meet certain criteria and submit a number of documents.
Moreover, you must have sufficient and sustainable financial resources to support yourself while living in Turkey. This is especially true if you are a student or have dependents, as you need to be able to provide for them during your stay.
REQUIRED DOCUMENTS TO GET A RESIDENCE PERMIT IN TURKEY BY PURCHASING A PROPERTY
Buying a property in Turkey and applying for a residence permit is one of the easiest ways to get residency. The process generally takes up to three to four months, but it can be a time-consuming and expensive task, so you should consider hiring a certified professional who will help you through the entire process.
There are a few documents you will need to have to get a residence permit in Turkey. They include a copy of your title deed to the property, proof of financial sufficiency, and a local Turkish bank statement proving that you are independent economically to support yourself and any dependent family members (spouse and children under 18).
After obtaining the residence permit, you can renew it for another year without any limit. You can also apply for permanent residence status in Turkey, which will give you many benefits compared to a short-term residency permit.
Foreigners who have lived in Turkey for at least eight years without interruption can apply for a long-term residence permit. However, they must meet the conditions set by the ministry. They are not eligible if they have been in Turkey as a refugee, conditional refugee, humanitarian residence permit holder, secondary protection status holder, or temporary protection. Besides, they must have not violated public order or safety.