Navigating Turkish Residency Through Property Acquisition: A Comprehensive Guide
In the realm of international law, certain principles hold paramount importance, and the principle of reciprocity ranks among the most pivotal. Also referred to as the principle of mutuality, it signifies the practice of extending rights and privileges granted to Turkish citizens in foreign lands to the citizens of those respective countries within Turkish borders.
Historically, the principle of reciprocity enabled foreigners to acquire real estate in Turkey. Essentially, citizens of countries where Turkish nationals could own property were also accorded the opportunity to possess immovable assets within Turkey’s bounds.
However, a transformative legislative change on 03/05/2012 brought about a noteworthy relaxation in the conditions for foreigners seeking to own real estate in Turkey. Through this amendment, Turkey effectively removed the obligation of reciprocity for citizens of 183 countries.
Consequently, citizens of nations where Turkish citizens were unable to acquire property were no longer hindered from owning immovable property in Turkey. The legislative body enacted this progressive change with the aim of not only attracting foreign investment but also by dismantling the principle of reciprocity that had long influenced such matters.
Residence Permits for Foreign Property Owners: A Closer Look
Under the provisions of Law No. 6458 on International Protection, foreign nationals who own immovable property in Turkey can embark on a journey toward legal residence by applying for a short-term residence permit.
In the preceding era, foreign property owners were granted a 3-month residence permit tethered to their property. However, the present legal landscape offers a more generous approach, with eligible property owners being granted a residence permit for up to 2 years on each occasion.
Moreover, the benefits extend to family members. Those who own immovable property in Turkey and have already secured a residence permit based on property ownership can usher their family members into Turkish territory under the umbrella of the family residence permit.
It’s important to note that the duration of the family residence permit must align with the duration of the sponsoring individual’s residence permit. For those holding valid work permits, a separate application for a family residence permit isn’t necessary.
As the work permit seamlessly doubles up as a residence permit, the need for a redundant application is effectively eliminated.
A Prerequisite for Application: Immovable Property and Its Implications
The foundation for applying for a residence permit based on property ownership hinges upon the nature of the property itself. Specifically, the property must be classified as residential and intended for habitation purposes.
Furthermore, family members who share ownership rights or have joint ownership over the property are also eligible to initiate their residence permit applications linked to the immovable property.
Documents that Pave the Path: A Comprehensive Checklist
To initiate the process of securing a residence permit as a foreign national with immovable property, several documents are requisite, underscoring the meticulous nature of the Turkish legal framework:
- Residence Permit Application Form: The fundamental document encapsulating essential personal and property-related information.
- Passport or Valid Substitute: An original passport or an approved substitute document, accompanied by a photocopy.
- Financial Means Declaration: A declaration attesting to the possession of sufficient and stable financial resources for the intended period of Administrative authorities may request supplementary supporting documents for verification.
- Health Insurance: An active and valid health insurance policy that complies with Turkish regulations.
- Proof of Property Ownership: An official title deed that affirms ownership of the This deed can be digitally signed or physically signed, sealed, and stamped.
- Evaluation report: Evaluation is required for residence permit applications related to real property ownership showing the minimum amount of 50,000 USD for smaller cities 75,000 USD for bigger cities of Turkey.
- Marriage certificate: a marriage certificate would be necessary in the cases that your spouse is willing to apply to Turkish residence permit related to real property ownership.
At Bayraktar Attorneys, we take pride in offering specialized legal assistance tailored to foreign nationals traversing the intricate landscape of Turkish real estate regulations and residence permits. Our team is committed to providing you with expert guidance to ensure a seamless transition into legal residency in Turkey.
For a comprehensive understanding of the legal procedures and personalized solutions, reach out to us today. Your journey towards secure legal footing and a fulfilling Turkish residency experience starts here.
