Property Residency in Turkey
In the past, there was no restriction on obtaining property residency in Turkey, and individuals could buy property with any amount and in any area. However, currently, the Turkish government has approved a new law and imposed restrictions on buying property and obtaining residency for foreign nationals.
Therefore, before buying property, you must pay attention to the points that the Turkish government has specified for buying property to obtain property residency. This includes owning property with a value of over 200,000 USD. When buying property, you must use a property with a value of over 200,000 USD or a property whose value is agreed upon but shown as over 200,000 USD in the title deed. Also, you must pay attention to the property expertise and show the appraised value of the property as over 200,000 USD. According to the new Turkish law, the property amount must be paid from the buyer’s account to the seller, and one of the three currencies: USD, Euro, or Pound must be used for payment.
Also, for obtaining Turkish residency for foreign nationals, the Turkish government has designated prohibited areas where you cannot obtain residency. Therefore, you must carefully examine the areas and ensure that you do not choose an area where foreign nationals constitute less than 15% of that area. Also, the property you purchase must be residential, and you must be present to be able to obtain residency.
Real estate investment experts believe that investing in properties and real estate is one of the best ways to achieve profit. This type of investment, especially in recent years, has benefited investors with significant profits at an unprecedented speed due to the increase in property prices.
Currently, the minimum investment amount to obtain Turkish citizenship through property purchase is about 400,000 USD. The advantages of this program include better banking facilities, reduced risks, and investment opportunities for higher profits. This program also allows individuals to obtain Turkish nationality and benefit from opportunities such as international connections and a dynamic economy in Turkey.
The steps for obtaining Turkish residency by purchasing property are as follows:
1. Obtain the house deed or Tapu.
2. Get earthquake insurance (DASK) for your house. This type of insurance is known as “DASK” in Turkey.
3. With the Tapu deed, DASK, and passport, go to the municipality of your area and after completing administrative procedures, receive the two documents Tapu Devam (Belgesi and Numarataj) for your house.
4. After receiving these documents, you must get an interview appointment (Randevu) from the Directorate General of Migration Management. On the day of the interview, go to the Migration Management office with these documents and submit your residency application.
5. After completing these steps, a one-year residency will be granted to you, and you can extend it in subsequent years. Note that to work in Turkey with this type of residency, you must also obtain a work permit (Çalışma İzin).
Required documents for obtaining Turkish property residency
1. Copy of the house deed (Tapu)
2. Obtain Numarataj from the municipality
3. Property valuation report or Expertise
Other documents are the same as the documents for obtaining tourist residency.
Required documents for applying for permanent residency in Turkey through property purchase are:
1. -Property Deed: which indicates your ownership of the property.
2. -Land Ownership Certificate: if you have also purchased land as part of the property.
3. -Tax Payment: proof of paying taxes related to the property.
4. -Passport: a passport issued in your name showing your residency status.
5. -Permanent Residency Application Form: through which you officially apply for permanent residency from the Turkish government.
6. -Bank Statement: showing your financial capability to reside in Turkey.
7. -Educational Certificate: if you intend to study or work in Turkey.
Remember that in addition to these documents, there may be additional conditions and regulations that must be carefully reviewed so that your application for Turkish permanent residency is successfully accepted.
The general conditions for applying for permanent residency in Turkey are as follows:
• No criminal record in the last 3 years of residency in Turkey.
• Having consecutive residency for 5 years in Turkey, with a maximum absence of 30 days per year from Turkey.
• Sufficient financial capability to cover personal and family expenses.
• Having valid health insurance.
• Not posing a threat or danger to the country and government of Turkey.
Submission of official documents including:
– Official residency application form.
– Original and copy of passport.
– Documents related to previous residencies.
– 4 to 6 official photos.
– Valid health insurance.
– Documents to guarantee no financial assistance is received from government agencies.
After preparing these documents and ensuring the conditions comply with the laws, you can go to the Directorate General of Migration Management and submit your permanent residency application. Currently, you meet the necessary conditions for applying for permanent residency in Turkey and have prepared the required documents. To continue this process, you must first complete the online Turkish residency application form through the Directorate General of Migration Management website, and then the system will inform you of the time and place to submit the documents.
On the final page of the form, the time and required documents for the interview will be provided, which you must bring with you.
After completing the form and getting the interview appointment, the interview location and document submission will be at the Migration Management office in the city where you purchased the property. For more information on obtaining an appointment and related points about the Migration Management office, you can refer to the article published on the website. This article explains the step-by-step and visual process of obtaining a residency appointment and its important points.
After the interview, you can only be outside of Turkey for up to 15 days, but after receiving Turkish residency, you can enter and exit the country much more freely.
Spouse and children under 18 can apply for property residency with you, and their names must also be included in the property deed. When applying for residency based on the property, provide proof of your financial ability so that you can apply for a two-year residency based on the property. To ensure the accuracy of the information, you can register the property address through the Migration Management office. Remember that the property on which you have obtained residency should not be rented out to others, otherwise, your residency will be canceled, and you must leave Turkish territory within ten days thereafter.
Below, the required documents for residency in Turkey are divided into two categories: property residency and tourist residency:
– Required documents for property residency in Turkey:
1. Numarataj and Tapu Devam documents
2. Turkish residency insurance
3. Proof of financial means (including proof of financial means and rental contracts)
4. Tax number
– Required documents for tourist residency in Turkey:
1. Travel documents and plans
2. Turkish residency insurance
**Important Note:** To register the address, you must go to the Directorate General of Migration Management.
Turkish residency insurance is one of the important documents for obtaining residency. You must apply for health residency insurance before applying for an appointment. You can choose a company from over 30 insurance companies available in Turkey, based on the type of coverage you require. Proof of financial means is another important document for residency in Turkey, which can be prepared from Iran (with translation and approval from the Turkish embassy) or from Turkey itself. Also, rental contracts can serve as documents to prove financial means. By meeting the required documents, you can easily arrange your residency in Turkey.
General conditions for obtaining Turkish residency by purchasing property include the following:
– Purchasing property in areas designated by the Turkish government (keeping in mind that the property should not be located near military lands or strategic points).
– Not transferring property ownership to another individual for 3 consecutive years.
– Completing and submitting the application form for Turkish residency and citizenship through property purchase.
– Submitting a passport or a document confirming the investor’s nationality status.
– Providing evidence and certificates showing the civil status of the residency applicant.
– Submitting tax receipts and other expenses to the Ministry of Finance of Turkey for the payment of taxes and related costs.
These conditions are vital for those who intend to obtain residency and citizenship of Turkey by purchasing property.
