Investment in the real estate sector in Turkey is one of the most successful and richest fields in which every capital holder can invest in with a peace of mind, due to the government support to investors, because these investments benefit the Turkish economy in general. Istanbul is a rich city in monuments, tourist attractions and scenic landscapes. So tourists and other people coming to Turkey, prefer to live in Istanbul, and they search for apartments for sale in Istanbul.
Real Estate Residency Permit in Turkey
There are various types of residencies in Turkey is, but we’ll talk only about residency by owning a property in Turkey for now. This residency type is granted to foreigners who own a real estate in Turkey. It’s a short stay permit, characterized by its renewing ability. Within this type of residency, the spouse and children are also entitled to apply for the permit as companions to the owner.
Residency by buying property in Turkey is somewhat similar to the tourism residency. The main difference is that real estate residency type can be renewed, and tourism type cannot be renewed. These are the advantages set by the government to encourage foreigners to buy properties and look for apartments for sale in Istanbul and Turkey.
The property owner can obtain a Turkish citizenship after obtaining the residency permit, if the price of the property is equal to or above 250 thousand dollars, as stated by the amendment of the law on obtaining Turkish citizenship through the acquisition of property. Turkish citizenship is one of the most important temptations that made foreigners search for real estate in Istanbul, to enter this field of property investment and increase their revenues, and thus have many other privileges for their citizenship.
Documents Required To Obtain Residency Permit Through The Acquisition Of Real Estate In Turkey
Valid passport for at least 6 months.
Tapu (title deed of property).
Real estate insurance against natural disasters, such as earthquakes.
Health insurance in Turkey for the entire family.
Family statement for the children of the owner, translated to Turkish language, notarized by the Turkish Embassy.
The title deed (Tapu) must be kept for the purpose of renewing the residency, because it is not permissible to apply for it otherwise.
Issuing Process Of A Residency Permit In Turkey
Many foreigners are looking for apartments for sale in Istanbul, in order to obtain residency permit in Turkey. We provide you with the mechanism to extract this statement, and if you need any help, our team is waiting for your call to answer all your inquiries.
You first must get an appointment from the Turkish Immigration Department, through their website.
After filling out the application, the site will provide you with a specific date, address and a list of documents that you need to prepare with you.
You must be on time, having the documents you received from the site, in addition to the official documents that you have prepared with you. The employee will approve your application and transfer it to the branch of the city where you own the property.
After going to the branch you have been transferred to, you will submit all the papers there. Then go to the Treasury to pay the residency permit tax, usually between $100 and $150, depending on your nationality. Now the employee will give you a temporary permit to enter and leave Turkey until your residency permit is issued. It will be sent to your address in Turkey.
This process takes from 15 days up to 3 months maximum.
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