The rights of the foreign citizen holding real estate residency
Content Index
Recently, Turkey has become a destination for many investors, whether for trade between import and export or in the field of industry. In the past twenty years, the Turkish state has achieved an economic jump and it was able to achieve a great economic boom in both industrial and commercial that made it the focus of the attention of many investors and businessmen, also, it is a touristic destination, that’s why the state has directed attention to the real estate investment field during the last ten years after the redevelopment and reconstruction of infrastructure projects, especially projects of developing highways network, the transportation network and metro lines, and working to develop them permanently, as well as mechanizing services and applying smart technology in services provided to citizens, for this reason, Turkey has become a destination for many investors coming, whether for investment or for stability. It has also become a destination for those who want to buy apartments for sale in Istanbul, the Turkish government has facilitated the procedures and has made many amendments to the laws of real estate ownership for foreigners, especially the laws related to obtaining Turkish citizenship, and providing it by adding a number of advantages, including real estate residency, which the investor obtains once he gets the title deed of the property.
According to the Turkish Statistics Authority, the percentage of foreigners with Turkish citizenship is 1% of the total number of investors who bought real estate in the period from 2018 to 2021, as the number of foreigners with Turkish citizenship has reached about 20,000 foreigners since mid-2018 until now, and this means that the majority number of investors are those who obtain real estate residency. Therefore, in this article, we will discuss the advantages that a foreign investor obtains with real estate residency.
Definition of real estate residence
It is a short-term residence (one year and renewable), granted by the Turkish authorities to a foreigner who owns a residential property provided that it is used for the purpose of housing, which is means it is not granted if the property for getting profits like shops or agricultural lands.
There is no minimum value of the property or its area to obtain real estate residency, as the foreign investor can obtain real estate residency by buying an apartment even if it is a studio with one room, with any price and in any town you want in Turkey, and the law of real estate ownership is available to all nationalities, but with the exception of some nationalities are not allowed to own property directly in Turkey, and these nationalities are Syria, Armenia, North Korea and Cuba.
Conditions for obtaining real estate residency
There is no specific conditions for obtaining real estate residency other than those mentioned in the definition, which is owning an apartment dedicated exclusively to housing and not for any other purpose.
Advantages and rights that the foreigner who holding real estate residence
• Opening a bank account in a Turkish bank, and you can receive and send money.
• The possibility of applying to the embassies of other countries from inside Turkey in order to obtain a visa.
• You can apply for a Turkish driving license for the car.
• The right to own a private car in Turkey.
• The opportunity to obtain medical insurance in Turkish hospitals.
• Registration in Turkish schools and universities.
• Real estate residence holders are also entitled to apply for Turkish citizenship if the value of their real estate property reaches 400,000 US dollars.
• Staying in Turkey legally without feeling the threat of deportation, as it may happen to the holders of tourist residence.
• Granting tourist residence to the family of the property owner, the wife and children under the age of 18.
• In case that their names are written in the apartment title deed, they will obtain the real estate residence permit as well.
• The annual renewal of the real estate residence is better than the rest of the residence permits, which sometimes are not renewed.
• you can travel easily to Turkish cities without the need for a travel permission.
• Obtaining free education and health care services in Turkey.
• The investor or property owner has the right to apply for a long-term residence in Turkey after eight years of residence in Turkey.
The required documents to obtain a real estate residence
To be able to obtain a real estate residence permit in Turkey, there are some required documents must be available to submit to the Immigration Department at the time of submission, and these documents are:
• Original and copy of the title deed of the real estate that the investor has already purchased.
• Registration of NUFUS that is extracted from the NUFUS Department.
• Earthquake insurance for the property DASK.
• A copy of the first page of the passport. For Syrians, a copy of the first and second pages
• A copy of the entry visa to Turkey.
• 4 biometric personal photos, size 5 * 6
• A valid health insurance document valid for the owner of the property throughout the date of the residence period for the property owner.
• A title deed document that is extracted from the Tapu Department, which must be submitted to the Immigration Department at the time of submission.
• A family statement for the children and the wife translated into Turkish language and certified by the Turkish embassy in the investor’s country or from the Noter Department in Turkey. It can also be extracted from the investor's embassy in Turkey to be certified by the Qaim Maqam and used directly.
• Numarataj and it is extracted from the municipality.
• Paying the residence tax at the Tax Department, the value of which ranges from 110 to 1200 Turkish liras.
Important notes for the investor should know
- Syrians are one of the nationalities that Turkish law does not allow them to own real estate directly in the Turkish Republic, but they have the right to own property by establishing a company and registering the property in the name of that company.
- The duration of real estate residence in Turkey is usually granted for one or two years, with the possibility of renewing it as long as the property written by the name of the investor.
- Make sure to submit the application before the expiry of the entry visa you entered Turkey, and the same thing for your family members.
- The passport (or travel document) must be valid for more than 6 months, and if the period is less than this, you can apply and then renew the passport in your country.
- If the application is for a family, all the previous steps should be followed with separate file should be prepared for each family member, and each family member will get his own interview appointment, as the interview date issued by the Immigration Department is a personal appointment for the applicant.
- Parents must accompany their children under the age of 18 during the interview.
- Payment of fees should be paid in cash and by local currency Turkish Lira as bank transfers and credit cards are not accepted, so be sure to bring enough money to pay the application fee, and if the applicants are a family, payment is for each application separately.
At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice.
- Property Management.
- After-sales services.
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.
Editing by Ramzy Real Estate Team ©
Related articles:
Turkish citizenship by investment
Istanbul property prices 2020-2021
Turkish citizenship by buying property
Real estate prices in Turkey 2020-2021
Villas for sale in Istanbul European side
obtain permanent residence in Turkey
cheap apartments for sale in Istanbul 2020-2021
#Ramzy_real_estate #real_estate_investment
#apartments #istanbul #turkish_citizinship
