Benefits of Turkish Residency
- You can make personal or corporate level investments,
search for business opportunities, set up a company,
- Work and retire with government social security
with medical protection and pension.
- Children can study in Turkiye’s government
schools for free as well as medically insured by the Turkish Government
- Later on transfer to permanent residency
- Long term residence permit comes with infinitive
work permit
- Or simply retire in a low tax paradise many
USA, UK and European citizens have already done.
Earlier people acquired Turkish short-term touristic residence, but as of today
the government has implemented new rules which gets you residence permit based on
property purchase, you are required to submit apostilled income statement or 6 month
bank statements reflecting the required amount
For properties purchased after May 5th, 2022:
-In order to make the property owner's residence permit (whether applicable) all
of the family members of below 18 years old children and the spouses (for multiple
wife-allowing countries, only 1 wife is recognized) names must be written on the
title deed as shareholders.
-If there is only one family member (ie father/husband or mother/wife) who owns
the property, other family members should be sponsored by the property owner when
proceeding to make an application.
-If there are two or more shareholders on a title deed who aren't in the same family
or have children above 18 years old; the title deed value should be the amount of
shareholders x 75.000 USD for major cities, and 50.000 USD for minor cities. (i.e.
3 non-family member shareholders can apply for the property owner's residence permit
only if the value of the property is either 225.000 USD in major cities or 150.000
USD in minor cities). Apart from this, considering the density of foreigners in
various regions of our country, 1169 neighborhoods in certain provinces have been
closed by the Ministry for the first transfer residence permit applications and
the process of changing the province of residence.
CLICK
HERE for detailed information.