Residence permit in Turkey when buying real estate

More than a million residence permit cards are issued to foreigners every year. This document is also called Ikamet. This permit allows you to live and work freely in the country. It is worth noting that residence permits can be permanent or temporary (for a period of up to 1 year with the need for further extension). You can apply for each of these types of residence permits online. In general, the procedure will take several months - from 1 to 3. The lawyers of Prikhodko & Partners Law Firm can help in this matter, as we specialize in client requests in the field of migration law and know the current immigration programs of the states in which residence is in great demand among Ukrainians.

What are the advantages of a residence permit in Turkey?

When you legally reside in Turkey and own real estate in this country, you have many advantages. In particular, among them:

• Business opportunities. The country has an optimal geographical location, thanks to which Turkish entrepreneurs conduct successful business with partners from both European and Asian countries.
• Quite affordable prices. Although Turkey is a developed tourist country, it is known for its loyal prices in various sectors of the economy, which allows people with an average income to feel confident enough to have a good quality of life.
• Favorable climate. Turkey is a great country for vacation and living.

In addition to the above advantages, it is worth mentioning that obtaining Turkish citizenship is quite simple. It is enough to reside in Turkey for 5 years with a permanent residence permit.

If a person buys real estate in this country for the amount of 400 thousand dollars or more, then in this case it is possible to obtain Turkish citizenship within 6-8 months. By the way, investors can choose different areas of investment for themselves - a deposit in a banking institution, purchase of bonds or shares of investment funds, investment in business. We tell about this in more detail during our consultations.

And those foreigners who already have a residence permit are able to buy real estate with a mortgage. Thus, the country has taken sufficient care to create attractive conditions for attracting solvent foreigners who can further strengthen its economy.

What do you need to know about the documents required for a residence permit?

A foreigner's application for an Ikamet is submitted with the following list of supporting documentation:

• original and copy of the certificate of ownership of real estate;
• a passport and a copy of it;
• an extract from the land cadastre, which should be taken care of in advance;
• valid health insurance of a foreigner who plans to obtain a residence permit.

If you would like to learn more about obtaining a residence permit in Turkey for the purchase of real estate, please contact the lawyers of Prikhodko & Partners Law Firm. We will guide you on what the minimum amounts of real estate value are, as well as on the prospects for obtaining a residence permit for family members of the owner. For example, the prospects for minors and adult children are different today.

So, don't hesitate to contact us. The team of Prikhodko & Partners Law Firm will provide you with quality advice and legal support for the procedure of obtaining a residence permit in Turkey.