- Property Purchase
- Residency
- Turkey
Residency in Turkey through Property Purchase
The Turkish real estate sector has proven its strength in the last couple of years. It presents many opportunities for foreign investors over the long term with a glowing economy and the growing demand for real estate, which in return guarantees the stability of the investment as well as a spectacular profit. The Turkish real estate market provides endless options for foreign investors, such as Residential projects in different locations and different prices, suitable for families who intend to move to Turkey. Buying a property in Turkey and residency in exchange is one of the most appealing merits of buying real estate for foreigners.
Regarding Turkish law, a foreign investor and his family members can obtain a Turkish residency permit upon buying a property with a minimum value of $75,000 in great cities and $50,000 in smaller ones. Due to the density of foreigners in different regions of Turkey, the Turkish Immigration Department also has limited the acceptable areas for foreigners.
It is noteworthy that investors must set a minimum budget of $150,000 in order to buy a feasible property in large cities like Istanbul, Izmir, Ankara and etc.
About Turkey
Turkey is a comfortable country for living not only in terms of the favorable climatic conditions and friendly people but also because of the low cost of living. Turkey is a unique combination of Islamic traditions and western vibes, and it is among the most visited counties all over the world. It is noteworthy that Turkey has made a significant leap in its economic and political development over the last 20 years. Along with the agricultural and textile sectors, the tourism industry and electronics are booming. Moreover, with a GDP of roughly US$720 billion, Türkiye is the 19th-largest economy in the world as well as a member of the OECD and the G20 (the largest economies in the world). Furthermore, according to the Passport Ranking Index, the Turkish passport is placed 20th in the world for the year 2022 on the list of the most powerful passports.
Benefits of Turkish Residency
residency of the whole family
Along with the investor, all the family members including the spouse and children under the age of 18 can also receive and have the benefits of a Turkish Residency.
Access to modern and effective social benefits
Residents of Turkey can take advantage of high-quality healthcare and educational services including universities, schools as well as hospitals, and clinics. It is obvious that these services are subject to charges.
A prospect of becoming a Turkish citizen
Residents are eligible to apply for permanent residency after eight years and by holding the permanent residency for 5 years they are allowed to apply for citizenship with consideration of their condition and providing the required documents based on the law.
PROCESS AND TIMELINE
HOW IT WORKS, THE PROCESS..
1.
In accordance with our rapid market analysis, our experts will advise you on the most lucrative and convenient investment option based on your circumstances.
2.
Before proceeding with the residency application, applicants will be required to have a phone number, get a tax number, open a Turkish bank account, and complete the investment.
3.
All the relevant documents will be collected under the supervision of our lawyers, and they need to be officially translated and notarized. Moreover, the documents may need to be legalized by the Embassy or the Consulate of Turkey in the applicant’s home country or Turkey.
4.
We will immediately apply for residency once the applicant meets the requirements.
5.
Accordingly, the applicant will attend the appointment on the specified day in the Turkish Immigration Office.
6.
Residence cards will be granted within a month of application approval.
Turkey office
0090-552-6309000 (Whatsapp)
0090-552-7309000 (Whatsapp)
Turkey Address : Unit 1106, 11th floor, Nurol tower, Izzetpaşa Mah., Mecidiyeköy, Şişli, Istanbul, Turkey
Postal code : 34381
Greece office
+30-697-476-0777 (Whatsapp)
13 Possidonos Ave., Alimos 17455, Athens, Greece
Postal code : 17455
United Arab Emirates
00971-562-88-33-00
Level 3.The office 3. one central. Dubai World Trade Centre
Email⁚ coo@baltoji.com
White bird group is a team of professionals with more than 10 years of experience providing services in the area of residence and second citizenship planning, financial planning and tax consulting.
