Turkey has emerged as a highly desirable destination for education, business, and tourism, drawing in a growing number of visitors from around the world. Many of these visitors are so enamored with Turkey that they are now considering extending their stay by purchasing property near the picturesque coastline and enjoying the many attractions the country has to offer. There has been a surge of interest in obtaining a residence permit, which allows individuals to live and work in Turkey for an extended period of time.
One of the perks of purchasing a property in Turkey for residential purposes is the opportunity to obtain a short-term renewable residence permit, which is issued by the Directorate General of Immigration Management. This permit not only allows property owners to reside in Turkey for up to one year at a time but also provides the option to grant their families a companion residence permit, making it easier for loved ones to join them in this beautiful country.
What Are The Eligibility Criteria For Obtaining a Residence Permit in Turkey?
Acquiring a residence permit in Turkey has become quite effortless for foreign nationals, as owning a property in the country is a simple way to be eligible for a permit. Any non-Turkish individual who has invested in a house or apartment in Turkey can obtain or extend their residence permit by presenting their property’s title deed. The duration of the permit is for one year, and it can be renewed on expiry.
There is no minimum or maximum limit on the value of the real estate when purchasing a house for the purpose of obtaining a residence permit. If the property is worth USD 250,000 or more, the buyer may also apply for Turkish citizenship directly. However, for those whose property value is below this threshold, they will have to wait for five years before applying for citizenship.
If you come across an enticing offer for a mortgaged property, there’s no need to fret. Obtaining a residence permit is still possible, as there are no restrictions regarding the use of mortgaged properties for this purpose.
When it comes to purchasing property in Turkey for the purpose of obtaining a residence permit, it’s essential to make a wise investment. It’s important to note that in the event of co-ownership with a friend or business partner, the title deed will reflect such co-ownership, and this would only enable the application for a touristic residence permit, valid for a maximum of 90 days. Foreigners interested in buying land in Turkey can do so up to 30 hectares, and citizens from 183 different countries are eligible to own real estate in Turkey.
If you’re considering investing in lands or commercial properties for the purpose of obtaining a residence permit, there is help at hand. Antalya Home Guide can offer expert assistance in finding the ideal real estate investment that suits your specific requirements.
Turkish Citizenship by Investment Process
The Turkish government has implemented certain regulations governing the acquisition of Turkish citizenship by foreign nationals. In 2018, a decision was made, and the minimum investment required to qualify for citizenship was set at $250,000. However, with a new amendment set to take effect on June 13, 2022, foreign investors can now apply for citizenship by purchasing property worth at least $400,000 and making a commitment to purchase additional real estate worth $400,000 from a notary public.
The process of obtaining Turkish citizenship is made easy with the right legal support and guidance from trusted experts. Antalya Home Guide is a prominent real estate agency in Turkey with a team of seasoned professionals well-versed in citizenship acquisition by investment. Our experts provide end-to-end assistance throughout the entire process, from finding your ideal property to obtaining your Turkish passport, making the journey seamless and hassle-free.
The following is a list of 30 cities in Turkey that are considered “large cities” and managed by their respective metropolitan municipalities, and therefore qualify for the $200,000 (Two hundred thousand dollars) investment program: Adana, Ankara, Antalya, Aydın, Balıkesir, Bursa, Denizli, Diyarbakır, Erzurum, Eskişehir, Gaziantep, Hatay, Istanbul, Izmir, Kahramanmaraş, Kayseri, Kocaeli, Konya, Malatya, Manisa, Mardin, Mersin, Muğla, Ordu, Sakarya, Samsun, Şanlıurfa, Tekirdağ, Trabzon, and Van.
For those interested in buying property in areas outside the list of 30 major cities, such as Çanakkale, Rize, or Yalova, the minimum investment requirement to qualify for the residency permit program is set at $50,000 by the Turkish government.
Why Do People Choose Turkey For Citizenship?
Turkey’s allure goes beyond its reputation as a Mediterranean paradise with pleasant weather, picturesque landscapes, delectable cuisine, and friendly locals. For investors, obtaining Turkish citizenship opens up a world of opportunities, including promising investment prospects, business growth potential, access to lucrative Turkish real estate, and even the chance to apply for an E2 business visa in the United States. Moreover, acquiring Turkish citizenship offers the added advantage of a passport that grants visa-free entry to over 110 countries, making it an attractive option for those seeking global mobility.
Experience the advantages of Turkish citizenship through investment, where time is on your side. Unlike some European countries, Turkey offers a streamlined citizenship process that takes only 3 to 6 months. Furthermore, with Turkish citizenship, you won’t face any residency requirements, allowing you to invest in property and business without any restrictions.
With Turkish citizenship, you and your family will have access to exceptional benefits, such as free medical care and education, and a passport that ranks among the top 30 in the world, providing visa-free access to 148 countries. Additionally, your Turkish passport is valid for ten years, providing long-term security and peace of mind.
Investing in Turkey also offers excellent financial opportunities due to its robust infrastructure and growing economy, providing countless business ventures to import capital and expand your financial portfolio. Plus, Turkey’s membership in the European Customs Union allows you to benefit from trade relations with Europe, expanding your investment opportunities further.
Turkey is also committed to its foreign investment attraction policies, which support the acquisition of property and citizenship for foreign investors. This ensures the security of your capital and passport, allowing you to invest with confidence. With so many advantages to Turkish citizenship by investment, now is the perfect time to explore the possibilities that await you in this stunning country.
In conclusion, Turkey is an ideal destination for those seeking economic opportunities and social benefits. The process of obtaining Turkish citizenship by investment is easy and fast, and it opens doors to numerous benefits such as free education, healthcare, and visa-free travel. If you are considering this investment, do not hesitate to reach out to our team of experts at Antalya Home Guide for reliable and comprehensive information. Take the first step towards a brighter future by investing in Turkey and obtaining its valuable citizenship.
This article was updated on 1 November 2023.