Turkish residence permit

Real estate residence permit

Turkish Real Estate Residence Permit

The Turkish Real Estate Residence Permit, also known as “Property Residence” or “Residence by Property Purchase,” is a permit that foreigners can acquire by investing in property in Turkey, granting them the right to reside permanently or temporarily in Turkey based on their property ownership.

Here is comprehensive information about the Turkish Real Estate Residence Permit:

Advantages:

1. Permanent or Temporary Residence:

Holders of the Turkish Real Estate Residence Permit can opt for either permanent or temporary residence according to their requirements.

2. Property Ownership Rights:

Alongside residency, property acquisition confers full ownership rights to the permit holder, with the law allowing ownership without any restrictions based on nationality.

3. Rental Rights:

Holders of the Turkish Real Estate Residence Permit can lease out the purchased property.

4. Inheritance Rights:

Property can be easily transferred to heirs.

Requirements for Obtaining the Turkish Real Estate Residence Permit:

1. Property Acquisition:

Applicants must invest in property in Turkey valued at no less than $200,000 USD, and the property must be fully paid off.

2. Temporary Residence Permit:

Initially, applicants must obtain a temporary residence permit valid for one year, after which they can apply for the Turkish Real Estate Residence Permit.

Procedures:

1. Property Acquisition:

Commence by purchasing suitable property and ensure complete payment of the property’s value.

2. Temporary Residence Permit:

Apply for a temporary residence permit through the relevant authorities.

3. Turkish Real Estate Residence Permit:

Following the designated period, applicants can apply for the Turkish Real Estate Residence Permit.

It is advisable to seek guidance from a specialized lawyer or real estate advisor to navigate all legal procedures associated with obtaining the Turkish Real Estate Residence Permit.

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