Getting to know everything about residency in Turkey through purchasing a property or an apartment. The conditions for getting a residency will be discussed, besides the required documents and the steps for getting it.
To stay in Istanbul legally, many foreign investors try to get a residence in Turkey through purchasing a property, which guarantees an easy entry and exit to Turkey without the need to get a visa.
As Turkey is striving to raise the level of the Turkish economy by developing the level of investments, real estate investment, in particular, it offers many advantages to international investors upon owning. Perhaps the most important is the residency by purchasing a property, whatever its worth.
In this article by Binaa Investment, how to get real estate residency and purchase a property in Turkey is highlighted. Also, the most important frequently asked questions on this topic are addressed.
You read in this article:
It is a short-term, renewable residence, given for one year to a foreigner who owns real estate, provided that it is used for housing. It is issued by the Directorate General of Immigration Management. It also does not require a specific value. Accordingly, the newcomer is permitted to enter Turkey without a visa.
Does the family of the foreign owner get a real estate residence permit?
We need to differentiate between the residency through purchasing real estate and family residency.
On the other hand, the foreigner who owns the property can grant his wife and children under the age of eighteen the residence of a family companion. If the family residence is lost, it will be easy to move to the tourist residence.
If the ownership is in the name of a company, not an individual, then some papers must be added to the previous documents, which are:
Purchase a property in Turkey and get a title deed.
Book an appointment at the General Directorate of Migration Management in Turkey.
Go to the interview appointment at the Immigration Department and submit the above documents.
Pay the fees for getting residence permits in Turkey.
The residence card is sent via Turkish Post (PTT) if the application is approved.
There are no specific conditions regarding the property space or its financial value. If the foreigner buys a house to live in Turkey, even one room of a simple financial value, he will get a real estate residence as a result.
According to the recent resolution issued by the Turkish Ministry of Interior, it has been decided to stop issuing residency permits for foreigners in the Fatih and Esenyurt regions of Istanbul state. However, that decision excludes two types of residency, namely:
This type of residency grants the foreigner many privileges on Turkish soil, as follows:
Our team will also let you know a range of selected properties in many Turkish cities, that suit your living needs and your budget. Then we will take over the task of handling your real estate residence following completing the ownership procedures and receiving the title deed. Contact us now.
Edited by: Binaa Investment©