Real estate Portfolio
in Turkey

ABOUT LIFE IN TURKEY

ABOUT RESIDENCY AND CITIZENSHIP

ABOUT TURKISH REAL ESTATE

May 16, 2024

Residence Permit in Turkey

Foreign citizens coming to Turkey for tourist purposes have the right to stay from 30 to 90 days, depending on bilateral agreements between countries. For long-term residence and official employment in the country, a temporary residence permit known as “ikamet” is required.

Ikamet holders have the right to stay beyond 90 days, as well as free entry and exit from the country. This status provides most civil rights, excluding participation in elections. Ikamet holders can open bank accounts, take out mortgages, enroll children in educational institutions, and work officially.

This year, Turkey has become a key destination for the relocation of foreign nationals, as it offers reliable opportunities for obtaining a residence permit and second citizenship.

Specifics and Advantages of a Residence Permit in Turkey

An important advantage of a residence permit in Turkey is access to the global financial system, including the ability to open foreign accounts and bank cards. For foreign nationals limited in access to international markets, this is particularly relevant. Turkey’s geopolitical position and business ties also play an important role.

Encouraging real estate purchases is another advantage, supported by government measures, including lower mortgage interest rates.

How to Obtain a Residence Permit in Turkey

The process of obtaining an ikamet is regulated by Turkish Law No. 6458. There are several categories of residence permits: short-term, long-term, family, student, humanitarian, and for victims of human trafficking. Each type has its own requirements and conditions.

Ikamet for Renting or Buying Real Estate

Renting a property for more than a year entitles you to obtain a residence permit. When buying real estate, foreign citizens must spend at least 6 months a year in the country. After five years of residence permit residency, the opportunity to apply for citizenship opens up.

Documents for Residence Permit Application

Required documents include an application form, biometric photos, a copy of a foreign passport, medical insurance, marriage and birth certificates, proof of financial solvency, as well as a rental agreement or property ownership certificate.

Turkish Citizenship Through Investment

Turkey offers an accelerated path to citizenship through the purchase of real estate worth $400,000. This option includes the possibility of renting out the property and selling it after three years. The Turkish passport provides ample opportunities for travel and doing business.

Choosing Real Estate in Turkey

The Turkish real estate market offers a variety of housing, from studios to luxurious villas. There is high demand for apartments and coastal villas, especially in the resort areas of Bodrum, Fethiye, and Antalya. In Istanbul, the suburbs are actively being developed with attractive investment offers.

We are ready to assist you in selecting suitable real estate that meets your requirements, as well as provide the opportunity for a virtual tour or organize property viewings.

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Every client is assigned a personal manager who guides the entire process of obtaining citizenship or residency from start to finish

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Every client is assigned a personal expert who guides the entire process of obtaining citizenship or residency from start to finish

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