Turkey Residency By Investment

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Today, Turkey is one of the most reliable and effective countries in the world for issuing residence permits to foreigners. A resident card – ikamet – can be obtained when purchasing real estate worth $200,000 or more.

A residence permit in Turkey not only provides the right to reside in the country, but also the opportunity to open full service bank accounts, enabling access to the global financial system. Residents enjoy the benefit of open access to education and the healthcare system.

Advantages of a Turkish residence permit

Real estate purchase only

No donations - no government contributions

Ikamet [residency] for the whole family

Including spouse, children under 18 years of age

Security and Stability

Backup plan in case of economic and political upheaval

Right to citizenship

After 5 years, Ikamet holders can obtain Turkish citizenship

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Which is right for me?

Conditions for issuing a residence permit in Turkey

The rules for obtaining an ikamet [a residence permit], are regulated by Turkish Law No. 6458 “On Foreigners and International Protection”.

There are six types of residence permits:

Short
Long term
Family
Student
Humanitarian
For victims of human trafficking

A short-term residence permit is issued for a period of one to two years – typically issued to tourists, and foreign citizens engaging in medical tourism.

A long-term residence permit is permanent, but only foreigners who have lived in Turkey for more than 8 years, as well as refugees, can obtain it. It may be cancelled if a resident leaves the country for a period of more than a year.

Spouses of Turkish citizens, as well as children and dependent adults, receive family ikamet for up to three years.

Student residence permit is provided for those receiving primary and secondary education in Turkish schools, as well as undergraduate, graduate, postgraduate students and those studying the Turkish language in special courses. Its validity period usually corresponds to the term of the education.

The last options (residence permits for humanitarian reasons and victims of human trafficking) are only available for extremely specific reasons. They are issued in emergency situations, when the life of a foreigner is threatened or the individual cannot return to his home country.

Details of the Turkish residence permit

An investor residence permit is a type of short-term residence permit. This is the most popular and simplest type of residence permit issued in Turkey.

Previously, a short-term residence permit could be obtained by renting real estate. But from December 2022, the program for issuing “tourist” ikamets is unofficially suspended. In 2023, the majority of foreigners living in Turkey with residency based on a real estate lease agreement were refused to extend or denied a request for the initial residence permit.

Important! This “unofficial ban” does not apply to property owners if the property and the terms of the transaction fall under the conditions for obtaining a residence permit.

Obtaining a residence permit when purchasing real estate

The process of obtaining a Turkish residence permit based on property ownership is very straight-forward.

From October 16, 2023, an initial Turkish residence permit is issued when purchasing real estate with a cadastral value of $200,000 or more (at the current exchange rate when converted to lira) in eligible areas.

The residence permit is issued to the property owner, and the family type of residence permit is issued to the spouse and minor children.

The owner of the property can obtain a residence permit for up to 2 years with the right to further extension. And after five years of permanent residence in the country, can apply for citizenship. Passing a Turkish language exam is a requirement for obtaining Turkish citizenship this way.

What documents are needed for submission?

Application form for obtaining a residence permit – you first need to obtain an INN – taxpayer number. Forms are filled out and submitted thought the state online system;
4 biometric photographs on a white background;
Original and copy of international passport;
Valid health insurance;
Marriage and birth certificates;
Proof of sufficient and sustainable funds for the duration of your stay in the country;
Copy of TAPU (certificate of ownership of real estate);
Certificate from the Cadastral Office stating that the TAPU is valid.

The process of obtaining an investor residence permit

Astons seasoned lawyers advise, guide and partner with our clients throughout the entire process. Your dedicated Aston’s team will be at your side through the entire procedure for obtaining a residence permit in Turkey – from preparing and correctly submitting an application, selecting and purchasing real estate to obtaining residence cards.

3–4 DAYS

Property search and selection

Consultation with Astons immigration specialists

Our specialists will analyse and review your situation in detail and advise on the main aspects of the program for obtaining a Turkish residence permit. We will help you collect and check all the necessary documents and select real estate for investment that satisfies your wants and needs.

Inspection and purchase of real estate

We will prepare for you a portfolio of real estate properties tailored to your wishes. Applicants can visit Turkey to inspect properties that interest them. Once you make your final selection, we guarantee a fast and secure purchasing/closing process.

3–4 DAYS

Preparation

Preparation of documents

Experienced immigration consultants will help prepare all the necessary documents and check each one for compliance with the program requirements.

UP TO 90 DAYS

Submitting

Submitting an application

The application and accompanying documents are submitted by the applicant personally to the Migration Department. A decision on the application will be made within three months. You will be accompanied at all stages by your personal Astons manager.

Obtaining ikamet

After reviewing the application and receiving a positive decision, the applicant receives a residence permit card. The courier will deliver it to your registered address in Turkey or to the nearest post office. The applicant is required to personally receive the residence permit, meeting the courier and presenting their passport.

Congratulations, you can now legally live in sunny Turkey!

Which property to choose

Turkey has an extensive and diverse assortment of housing – from miniature studio apartments to magnificent villas. Apartments, as well as villas and penthouses in the coastal area are in great demand.

As properties have been enjoying an exponential increase in value, it is worth considering properties in Istanbul. Its outskirts are actively being built up with residential complexes with infrastructure designed for a comfortable life: there are fitness centers, swimming pools, parks and shops. The demand for such luxury rental properties is year-round, increasing their value at a tremendous pace, with growing demand by foreigners.

Bodrum, Fethiye and Antalya are primarily for summer residences.

We will help you choose the right investment property – with optimal ROI potential – based on your budget and preferences, and organize viewings of properties live or through a virtual tour – at your choice.

Villas with a Pool and Proximity to the Sea, Alanya

The project, located in Alanya, is a luxurious and comfortable living space, where there are 13 exclusive villas just 1.5 km from the sea. The villas are grouped on a plot of land with an area of 3965 m².

$331,000 €296,483 £248,965

2 bedrooms

93,9 m² – 186 m²

Ready to move

4-5%

View Property

Prestigious Residences in Alanya

Tucked away just 2.5 kilometers from the sparkling sea, this exceptional complex boasts a prime location with convenient access to various amenities.

$240,000 €214,973 £180,518

0 bedrooms

55 - 245 m²

Ready to move

4-5%

View Property

Modern Apartments in the Center of Istanbul

Nestled in the vibrant neighborhood of Küçükçekmece, adjacent to the distinguished Air Boss Hotel, lies a remarkable project that epitomizes convenience and modern living. Here, residents are treated to a lifestyle of unparalleled ease, with essential amenities mere minutes away.

$310,000 €277,673 £233,170

1 bedroom

83 - 234 m²

June 2024

4-5%

View Property

Apartments With Ideal Location in Istanbul

This project defines cosmopolitan living at its finest in the heart of Beyoglu. Boasting an ideal location with views over the Halic River and a short stroll from the Golden Horn Park, residents enjoy a prime setting.

$222,000 €198,850 £166,980

0 bedrooms

62 - 156 m²

Ready to move

4-5%

View Property

Frequently Asked Questions

Why Our Clients Choose Us

35 Years Of Leadership And Dominance

ASTONS is one of the original firms and has helped to mold the investment migration industry. Founded in London in 1989, Astons has evolved into a family of global companies now headquartered in Dubai.

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Earned Reputation

Averaging 300 clients a year, Astons continues to build on our success story of 9,000+ clients, from over 100 countries, and $2.6+ Billion USD in investments.

Reliable & Predictable Outcomes

100% of clients who pass Astons’ due diligence review have had their applications approved.

Client-Focused Service

Solutions for discerning investors with official government programs in over 2 dozen countries and a premium real estate catalog in 11 countries. Our experts find the most advantageous solutions to address every client’s wants, needs, and demands.

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ASTONS is relied upon for expert insights and commentary by: Bloomberg, The Times, CNN, The Telegraph, El Tiempo, El Pais, El Economista, MSN UK, SchengenVisainfo and many others.

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ASTONS didn’t create the world of investment migration, we perfected it for the benefit of investors. Ranked a TOP-25 firm by Uglobal Immigration Magazine, Best European Citizenship Advisor 2018, and Best Full-Service Investment Immigration Firm 2019.

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Connect with Astons via our website, email, WhatsApp, or Telegram, to schedule a consultation. Together we’ll find the perfect residency by investment program for you and your family. In the consultation, we will: