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Obtaining Turkish Residence through Property Investment

Obtaining Turkish Residence through Property Investment

Obtaining Turkish Residence

Obtaining Turkish Residence through Property Investment

Obtaining Turkish Residence through Property Investment

Turkey, a country neighboring Iran, is a popular choice for those considering emigration due to its cultural proximity and diverse conditions for obtaining residence. A straightforward avenue to secure permanent residency in Turkey is by investing in real estate. This article delves into the requirements and processes for staying in Turkey through property ownership. Our company offer real estate for sale.

Requirements for Property Purchase and Residence in Turkey

Immigration regulations evolve annually, emphasizing the importance of staying informed to ensure a smooth residency application process. Turkey has established specific conditions for obtaining residence, with property acquisition being a straightforward method. To purchase a house in Turkey, a personal visit to explore properties and gain sufficient knowledge is recommended. In cases where physical presence is not feasible, appointing a trustworthy attorney to act on your behalf through a power of attorney is a prudent alternative.

Residence Rules in Turkey via Property Purchase

The minimum property investment for Turkish citizenship is $400,000. For investments below this threshold, a five-year residence permit is granted, with the option to apply for permanent residency afterward. During the five-year stay, individuals can spend up to 180 days outside Turkey, provided they adhere to legal requirements and maintain a clean record. Purchases by individuals with a dubious background are restricted.

After acquiring a property, the buyer and their family are initially granted a one- or two-year convertible residence, extending to a three-year residence after completion. A five-year stay allows eligibility for permanent residence.

Property Prices and Requirements

Property prices in Turkey cater to various budgets without imposing restrictions. Factors influencing prices include location, size, facilities, and whether the property is newly built or second-hand. Generally, the minimum purchase price in smaller cities is $50,000, while in larger cities, it is $75,000.

To obtain Turkish residence through property ownership, the following documents are required:

To obtain Turkish residence through property ownership, you’ll need to gather a specific set of documents. Here’s a breakdown of the essentials:

1. Personal Documents:

  • Valid passport: Copies of all valid passport pages.
  • Biometric photos: Recent passport-sized photos.
  • Birth certificate: Translated and notarized into Turkish.
  • Marriage certificate (if applicable): Translated and notarized into Turkish.
  • Proof of financial means: Bank statements, income tax returns, or other documents demonstrating sufficient funds for living in Turkey.

2. Property Documents:

  • Title deed (Tapu): This document proves ownership of the property. Make sure it’s registered in your name or under a joint ownership agreement.
  • Property valuation report: Obtained from a licensed surveyor, confirming the property value meets the minimum investment threshold (currently $250,000).
  • Real estate purchase contract: The official agreement between you and the seller.

3. Additional Documents:

  • Residence permit application form: Filled out completely and signed.
  • Health insurance: Proof of valid health insurance covering you in Turkey.
  • Tax documentation: Copies of any relevant tax filings.
  • Payment receipts: Proof of payment of residence permit fees and application fees.

4. Considerations:

  • Translation and notarization: All documents submitted in languages other than Turkish must be translated by a certified translator and notarized.
  • Application process: You’ll need to submit your documents to the nearest Turkish Consulate or Embassy after scheduling an appointment.
  • Processing time: Expect the processing time to take several months, so plan accordingly.
  • Professional guidance: Consider seeking advice from immigration lawyers or specialized real estate agents familiar with the Turkish residence permit process for property ownership.

Steps for Property Purchase in Turkey

  1. Drafting the initial real estate contract.
  2. Payment of a specified amount to the seller.
  3. Creation of a property sale file in the Real Estate Registry Office.
  4. Document transfer announcement to the owner.
  5. Signing and transferring the document upon full payment.
  6. Handing over the original property document to the buyer on the same day.

Advantages of Turkish Residency through Property Ownership

  1. Ability to open a bank account in Turkey.
  2. Eligibility for permanent residence.
  3. Affordable house prices compared to Iran and other European countries.
  4. Permission to establish a company and initiate business.
  5. Turkish passport acquisition through property investment.
  6. Free education for children.
  7. Access to Turkish health insurance.
  8. Utilization of semi-free services in Turkey.

Embrace the advantages of obtaining Turkish residence through property investment and unlock the doors to a host of opportunities in this culturally rich and diverse nation.

Obtaining Turkish Residence through Property Investment - Frequently asked questions:

The minimum investment required for Turkish Residence through Property Investment is $250,000.
Some benefits include visa-free travel to many countries, access to quality healthcare and education, and potential rental income from the property.
Yes, after holding Turkish Residence for a certain period of time, you may be eligible to apply for Turkish Citizenship through Property Investment.

1 Comment

  1. Stephany Kub

    on said  

    Thanks you provides helpful information for those interested in obtaining Turkish residence through property investment. It highlights the benefits and eligibility criteria, making it a useful resource for potential investors.

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