How to get a residence permit for real estate investment in Turkey? Investing in real estate in Turkey has become an attractive option for many foreign investors due to the country’s economic growth, strategic geographical location and affordable real estate prices. To encourage real estate investments, Turkey offers a residence permit for real estate investment to foreign investors. In this article, we will guide you through the necessary steps, requirements and key considerations when applying for this type of residence permit.
Understanding the residence permit for real estate investment The residence permit for real estate investment is designed for foreign investors who buy real estate in Turkey with a minimum value of $50,000 (in large cities, this limit is $75,000) or the equivalent in Turkish lira. This residence permit allows you to reside in Turkey. You can apply for a 2-year residence permit and it is renewable as long as you keep the property.
Investing in Turkish real estate To be eligible for a residence permit for real estate investment, you must purchase a residential property worth at least $50,000 in small towns and $75,000 in large cities. Follow these steps to make your investment :
Research the Turkish real estate market and identify potential investment opportunities. b. Hire a reputable local real estate agent to help you find suitable properties. c. Obtain a tax identification number from the Turkish tax office. d. Open a bank account in a Turkish bank to facilitate the real estate transaction. e. Make the purchase of the property by ensuring that the transaction is properly registered with the Turkish land registry.
Application for a residence permit for real estate investment Once you have made your real estate investment, follow these steps to apply for a residence permit for real estate investment :
Register on the e-Residence system (e-ikamet.goc.gov.tr ) and fill out the online application form for the residence permit for real estate investment (Türkiye’de Taşınmaz Malı Bulunanlar). Then make an appointment. b. Prepare the required documents, which include :
Copy of the residence permit application form
A valid passport, a copy of the visa and the last entry stamp
Four biometric photos taken in the last six months
Proof of valid health insurance coverage in Turkey
Proof of sufficient financial means to cover your stay and your real estate investment expenses
Receipt of residence permit tax and card fees
