According to Turkish laws, any foreign citizen can buy property in Turkey. Apply to reside in Turkey and this stay is extended until the purchased property becomes the property of the applicant. For this, you must first travel to Turkey and visit different properties. You can then choose what you want. After purchasing the property and transferring the document (deed) to your name, apply for a temporary residence permit at the Turkish immigration office at the specified time. Go to this office with the documents you have and get a one-year residence permit.
Living in Turkey by Buying Real Estate
It is possible to acquire Turkish citizenship by investing in real estate in Turkey. While your investments are getting more valuable day by day, you can enjoy life in this unique country.
Foreign nationals who meet any of the following conditions can acquire Turkish citizenship with the proposal of the Ministry and the decision of the Council of Ministers within the scope of the law:
Foreigners determined by the Ministry of Economy to have made a fixed capital investment of at least 500 thousand USD,
Foreigners who have purchased immovables worth at least 400 thousand USD and put an annotation that they will not be sold for three years in the land registry and have been determined by the Ministry of Environment and Urbanization,
Foreigners who create employment for at least 50 people and whose situation is determined by the Ministry of Labor and Social Security,
Foreigners, who have deposited at least 500 thousand USD in one of the banks operating in Turkey and stipulated to keep it for 3 years, determined by the Banking Regulation and Supervision Agency,
Foreigners identified by the Undersecretariat of Treasury, who purchase at least USD 500 thousand in government debt instruments and stipulate that they hold for three years.
Obtaining a Residence Permit by Buying Real Estate
An individual who is not a Turkish citizen can apply for a residence permit by acquiring property in Turkey. However, each residence permit application is examined in accordance with the relevant laws, regulations and procedures, and certain conditions must be met in order to be approved.
In order to obtain a residence permit by purchasing real estate in Turkey, usually the property owner must apply to a Land Registry Office in Turkey and follow a specific application process. Residence permit applications are evaluated and decided by the General Directorate of Migration Management. It is important that the applicant proves ownership of the property and meets other requirements.
A person applying for a residence permit must also fulfill other conditions in order to obtain a residence permit. These conditions may vary depending on various factors such as whether you want to acquire Turkish citizenship, the value of the property, the property is within the borders of Turkey.
However, Turkey’s immigration and residence permit policies may change over time, so it is a good idea to get up-to-date information by applying to the General Directorate of Migration Management or the relevant consulates in Turkey.
Becoming a Turkish Citizen by Buying Real Estate
There are several different ways for foreigners who want to acquire Turkish citizenship, and buying real estate is one of them. However, certain criteria must be met in order to apply for citizenship by purchasing real estate.
Some conditions to become a Turkish citizen by purchasing real estate;
Property Value Condition: When purchasing real estate to acquire Turkish citizenship, the value of the property must exceed a certain amount. As of 21.05.2023, this figure is $ 400,000. This amount may change over time, so you can contact us to get information about current values and get detailed information.
No Property Restrictions: When purchasing real estate to acquire Turkish citizenship, the property should not have immovable restrictions. In some areas, there may be restrictions on foreigners buying property. It is therefore important to check the relevant regulations in the area where the property is intended to be acquired.
(Confirmation) Permanent Residence Requirement: You may need to fulfill the permanent residence requirement when applying for Turkish citizenship. This period is usually five years, although shorter periods may apply in some cases. During this period, you must reside in Turkey uninterruptedly.
The criteria mentioned above provide an overview, but the process of obtaining Turkish citizenship may vary. Therefore, you can contact us for detailed information.
