Paylaş: Introduction
Real Estate-Based Residence Permit
Purpose:
- This permit is available to foreign nationals who purchase real estate in Turkey and is part of the government’s effort to attract foreign investment. The property must be designated for residential use.
Eligibility:
- As of October 16, 2023, foreign nationals must purchase real estate worth at least $200,000 USD to qualify for a residence permit. This threshold applies across most metropolitan areas in Turkey, and the property must be registered in the applicant’s name.
Duration:
- The residence permit based on real estate is initially issued for one year but can be renewed as long as the property remains under the applicant’s ownership.
Application Process:
- The required documents include the title deed (Tapu), proof of purchase, health insurance, and sufficient financial means. The application is submitted online via the DGMM website, followed by an in-person interview at the local migration office.
Long-Term Residence Permit
Purpose:
- This permit allows foreigners to reside in Turkey indefinitely, without the need for renewal, as long as they meet the eligibility criteria.
Eligibility:
- Foreign nationals who have continuously and legally resided in Turkey for at least eight years on a valid residence permit are eligible. Applicants must not have received social assistance and need to demonstrate sufficient financial resources and health insurance.
Duration:
- The long-term residence permit is indefinite and does not require renewal.
Application Process:
- Applicants must provide evidence of continuous residence, health insurance, and proof of financial resources. They must also prove good conduct by showing no criminal record during their stay in Turkey.
Recent Updates (2024)
Increased Minimum Investment for Real Estate-Based Residence Permits:
- As of October 2023, the minimum real estate investment required to obtain a residence permit has been raised to $200,000 USD. This update aims to attract higher-value investments and stabilize property prices in major cities.
Digital Application System:
- The entire residence permit application process has been streamlined and can now be managed through digital platforms. This improvement allows applicants to submit their documents online and track the progress of their applications more efficiently.
Conclusion
Foreign nationals planning to stay in Turkey have several residence permit options depending on their purpose of stay, such as tourism, family reunification, or investment. The updated real estate-based residence permit rules reflect Turkey’s growing emphasis on attracting high-value investments. Understanding these permits and their eligibility criteria is essential for a smooth application process.
