Turkiye’s residency through installment property purchase

• هلدینگ ترکیه با ما
• مارس 2, 2024
• BlogEN
• 0 دیدگاه

_ Buying property in Turkiye and investing in the country comes with the opportunity to obtain a passport and even lifelong citizenship for foreign nationals, accompanied by specific conditions and laws. These opportunities involve various processes that require more detailed explanations.

_ Investing in real estate in Turkiye attracts more foreign investors due to the numerous advantages offered by the country, including a stable legal system, high investment opportunities, and simpler procedures for obtaining licenses and relevant documents.

_ By purchasing properties in Turkiye, you can benefit from opportunities such as living, studying, doing business, and tourism with citizenship or lifelong residency fully accessible.

_ One of the main reasons for the increase in property purchases in Turkiye is the possibility of obtaining residency and citizenship in this country. This opportunity is attractive to citizens of other countries who buy property in Turkiye. Additionally, the option to purchase property through installments is another reason that has compelled investors to invest in Turkiye’s real estate market.

_ Foreign individuals with various goals, including experiencing life in Turkiye, spending vacations in private homes, and also making investments, are buying property in this country. These actions can serve as an opportunity to obtain permanent or temporary residency, utilize local services and amenities, and benefit from the real estate market.

_ The Turkish government, by offering financial incentive schemes and promoting diversity in investment methods, has reduced the risks associated with investing in this country. These measures have attracted investors from around the world and contributed to the economic development of the country.

_ By purchasing property in Turkiye worth over $200,000, you can obtain Turkish citizenship for yourself and your family (spouse and children under 23) for one or two years. This type of residency is renewable annually, allowing you to reside in Turkiye for a certain period and avail yourself of local facilities and services.

_ To obtain Turkish citizenship through property ownership, it is necessary for the property deed to be issued in your name, complying with certain criteria such as not being located in restricted residential areas, having a title deed of ownership rather than a sales contract, and meeting the minimum price requirement for property ownership residency. These requirements demonstrate that you have acquired property ownership and have taken necessary migration actions in accordance with relevant laws of the country.

_ According to new regulations in the Turkish Directorate General of Migration Management, investors seeking residency in Turkiye through property purchase must acquire a property with a high value, at least $200,000. This measure aims to attract valuable investments and develop the real estate market in the country.

_ One of the fundamental requirements for obtaining permanent residency is to have property ownership documents in the applicant’s name. If you purchase the property under installment conditions, the title will be issued in your name after completing the installments. Therefore, before full settlement, you will not be eligible for obtaining permanent residency.

_ Furthermore, after completing the installments, the area where the property is located may be declared as a restricted zone for residency by foreigners, in which case you won’t be able to obtain property residency for that property anymore. Therefore, it is advised to refrain from purchasing property on installment terms to prevent this issue.

For more accurate information and consultation regarding property purchase for residency and citizenship in Turkiye, you can contact the Commerce Department of the “With Us” group. Our specialized and experienced team is ready to guide you in this process and answer your questions.