Residence Permit in Turkey

-Buying Process

Buying a property in Turkey is a lot easier than in many other European countries. Turkey welcomes foreigners, regardless of their country of origin, even during uncertain or difficult times. 

Property in Turkey can yield significant profits from rental income or subsequent resale. Foreigners can buy real estate in Turkey for residency, rental, and recreation, except in military zones.

You can do this in one of two ways:

1. by issuing a power of attorney to buy the property in your name, to trusted local lawyers here which I will recommend to you. This option is especially useful if you don’t have enough time or can’t stay in Turkey for long to complete the procedures. This can save you a lot of time and makes the purchasing process easy and stress-free. The duty of your solicitor is to complete your (TAPU) title deed requirements, manage your property, and get electricity and water utility subscriptions.

OR

1. by ensuring that you are here in person on the day that the purchase will be completed to sign at the title deed office to transfer the property into your name.

Documents needed for the Completion

• ID or passport (with notarial and certified translation) of the parties or their representatives

• Foreigners must also present their tax number. We can assist you with this.

• Earthquake insurance

• Land Registry information sheet for foreign buyers and/or sellers

• Accompaniment of a translator for the Turkish language

• Certified appraisal report for foreign buyers and/or sellers. We work with state-approved appraisers for an accurate and safe assessment.

• Another thing you need is to open a bank account.. We assist our clients to open their bank account as at any stage of property purchasing with us.

Fees

• The purchase price of the property

• Title Deed Transfer tax which is 4% of the purchase price of the property and is paid to the government.

• Real estate commission,2%+ (20% VAT) of the final purchase price of the property which is paid to Real Estate agent who facilitated the sale.

• Legal fees, which are paid to a legal professional to assist with the purchase process.

We hope this information provides you with a comprehensive understanding of the property buying process in Turkey and the associated costs. If you have any further questions or concerns, please feel free to reach out .

-Turkish Citizenship by Investment

Investing into a country with a dedicated CBI (Citizenship by investment) program is one of the ultimate ways to diversify your wealth across different geopolitical regions . Turkish citizenship by investment is the quickest route to obtaining Turkish citizenship. After you invest $400,000 in real estate, you are entitled to get your Turkish passport in less than four months from submitting the application. If the value of the property bought is below USD 400,000, foreigners can obtain only a residence permit (not citizenship in Turkey).

Turkish Citizenship by Investment Program allows investors to access both the European and Asian markets by making an investment into Turkey’s economy.   The country has seen high inflows of foreign direct investments for a number of years. The real estate market is booming and attracted on average USD14 billion each year for the last ten years. Turkey provides endless value to its residents, making the economic citizenship program in Turkey an incredibly valuable program of its kind..

• Minimum contribution of USD 400,000

• Without Language Requirements

• You will have a Turkish passport within three to six months.

• You can include your spouse, and children up to the age of 18. 

• Benefit from Turkish healthcare and education system

• Visa-free travel to 110 countries

-Turkey Residency Permit

Foreign nationals are only legally allowed to spend up to 90 days in any 180 days in Turkey. Foreigners who intend to extend their stay in Türkiye beyond the time limit specified in their visa, those who require a visa exemption or intend to stay for more than 90 days must obtain a residence permit. Requests for a temporary residence permit are submitted electronically to the provincial immigration office in the province where the foreign nationals live. The foreign national may apply for residence directly or through intermediate organizations.

There are some documents that need to be prepared for a short-term residence permit application in Turkey. These documents are:

• Residence permit application form

• 4 biometric photos

• Health insurance

• Photocopy of passport or equivalent document

• Statement that there is sufficient financial means for the duration of residence

• Proof of address

Our Legal Team is here to help you