Turkey residency by investment
A residence permit becomes available to foreign investors who invest in the country’s economy, including through the purchase of real estate. This programme attracts many foreign buyers planning to tie their lives to the country, considering its strategic location and fast-growing market.
To get a residence permit in Turkey, it is necessary to invest at least $200,000 in the economy. Investments can be directed to residential or commercial real estate, which gives the right to stay in the country for 2 years with the possibility of further extension.
The processing period takes from 1 to 3 months and requires the applicant to provide the necessary documents confirming the legality of the origin of the funds as well as the fact of the investments themselves. These measures are aimed at ensuring transparency and security for both buyers and the state.
The permit allows foreigners not only to stay in the country legally but also to enjoy the benefits of a Turkish residence permit: access to local services such as education and healthcare, and the possibility to apply for citizenship in the future.
Conditions for obtaining a residence permit in Turkey
To obtain residency by investment in Turkey, applicants must invest at least $200,000 in housing or a commercial fund. This programme is open to all foreign citizens seeking to invest in the country’s economy. The residence permit is issued for 2 years, with the possibility of extension if the investment asset is retained. Upon obtaining residency, the expatriate is issued an Ikamet. This is a plastic identification card that confirms legal residence in the country. The Turkish Ikamet is extended upon the renewal of the permit.
Types of residence permit in Turkey
There are several opportunities to obtain a short-term residence permit:
- Participating in a research programme in the country. Scientists must provide the necessary documents confirming the legality of their activities or, if no permission is required, describe their research plans. An entry visa is required, which must be obtained in advance.
- Conducting business. Residency for conducting business in Turkey is available to foreigners staying in the country for more than 90 days to establish business contacts. An invitation from Turkish companies or proof of business ties is required.
- Studying in the country. Students can obtain a residence permit for the duration of their studies. Documents must include information about the study programme and its duration.
- Undergoing medical treatment. In this case, to obtain an Ikamet, proof of the ability to pay for the treatment is required, along with documents from medical institutions.
- Investing in the economy through investments in bonds or investment funds of at least $500,000.
- Owning real estate. A residence permit in Turkey when buying real estate can be issued to all family members if the property is purchased in shares.
There are also various types of humanitarian and family residency. A family residence permit in Turkey can be obtained by foreign nationals who are related to either a Turkish citizen or a foreigner holding a valid Ikamet.
Long-term residency is granted to foreign nationals who meet specific criteria and have resided in the country for at least 8 years.
Documents for obtaining a residence permit in Turkey
Residency in Turkey can be obtained by investors who provide a passport, proof of property ownership, financial documents proving the origin of the funds, a criminal record certificate, and medical insurance coverage. All documents must be translated into Turkish.
