Property buyers are flocking to buy Turkish property to obtain a Turkish residency permit. This will eventually lead to Turkish Citizenship by investment. As a result, real estate investors in Turkey are flocking to the country in large numbers. This is due to the growth of the Turkish government at all levels and regions.
Investment in Turkey’s real estate sector is one of the most lucrative and wealthy sectors. Thanks to government support for investors, any capital holder can invest with confidence, knowing that their money will help the Turkish economy as a whole. Istanbul is a city full of temples, tourist facilities, and stunning scenery. As a result, tourists and other visitors to Turkey prefer to remain in Istanbul or along the Aegean and Mediterranean coasts in southern Turkey. Take a look at our Mediterranean Turkey guide for more information.
How do I obtain a real estate residency permit in Turkey?
There are various types of homes in Turkey, but we will focus on citizenship by property ownership in Turkey. Overseas buyers who own real estate in Turkey are granted this form of citizenship. It’s a short-term permit with the option of renewal. The owner’s spouse and children are also eligible to apply for the permit under this category of residence since they are the owner’s companions.
Tourist residency in Turkey is very similar to residency obtained through the acquisition of real estate. These are the government’s incentives to encourage foreigners to invest in Turkey’s real estate market.
Can you obtain Turkish Citizenship via investment?
Following the receipt of a residency permit, the property owner may apply for Turkish Citizenship if the property’s value is equal to or greater than $250,000. This is stipulated by the amendment to the law on obtaining Turkish Citizenship by property acquisition. Turkish Citizenship is one of the most compelling motivations for foreigners to search for homes in Turkey, enter and increase their incomes in the real estate market, and reap several other benefits resulting from their citizenship.
What documents do you need for a residency permit via investment of real estate in Turkey?
Your current passport and must have at least six months left before the expiry date.
A Tapu is the title deed for a Turkish home.
Natural disasters, such as earthquakes, are covered by insurance.
In Turkey, there is health coverage for the whole family.
A notary from the Turkish Embassy translated a family declaration for the owner’s children into Turkish.
To renew citizenship, the title deed (Tapu) must be retained because it is not permissible to apply for it otherwise.
What is the process of getting a residency permit in Turkey?
Foreigners looking for residency permits in Turkey must first find a house.
The Turkish Immigration Department demands that you arrange an appointment.
After completing the application, the platform will provide you with a specific date, address, and a list of documents that you will need to complete this process.
You must be on time and bring the official documents with you in addition to the official documents you have prepared. The government employee will approve your request and forward it to the town’s branch where you own the property.
Go to the Treasury to pay the immigration permit fee, usually between $100 and $150, depending on your nationality. The employee will issue you a temporary permit to enter and leave Turkey before issuing your residency permit. It will be posted to your Turkish address.
How long does it take before the residency permit is issued?
This procedure will take anywhere from 15 days to three months to complete. If you can do it in the winter, it would be easier than doing it in the summer when the offices are busier.