Investor Residence Permit in Turkiye: Everything You Need to Know
Foreign investors who wish to extend their stay in Turkiye can apply for an investor residence permit. This type of permit provides various benefits to its holders, including eligibility for permanent residence and Turkish citizenship. In this article, we will discuss everything you need to know about the residence permit in Turkiye for investors, including its eligibility requirements, benefits, and how to obtain it.
What is an Investor Residence Permit in Turkiye?
This type of residence permit in Turkiye is a type of short residence permit granted to foreigners who invest in the country’s fixed assets, such as real estate, establish companies, or make direct investments. It falls under the Short Residence Law, regulated by Turkish Law No. 6458 on Foreigners and International Protection.
Who Can Obtain an Investor Residence Permit in Turkiye?
Two types of investors can obtain a residence permit in Turkiye: those who own real estate in the country and those who establish companies or make direct investments in Turkiye.
Advantages:
Holders of this residence permit in Turkiye enjoy several benefits, such as a residence permit for all family members, enrollment of children in Turkish public schools, access to health insurance and medication in Turkish government hospitals, the right to travel to many countries with Turkish residency, and eligibility for permanent residence in Turkiye after eight consecutive years of residence. Additionally, holders can also apply for Turkish citizenship.
How to Obtain?
To obtain this residence permit in Turkiye, foreigners must submit an application to the General Directorate of Immigration before the end of their legal residence period in the country. Proof of investment within Turkish borders is necessary, such as a copy of the title deed or tax number of the company, depending on the type of investment. The General Directorate of Immigration determines the required documents for each type of investment.
Conditions and Documents Required:
Foreign investors must meet certain legal conditions to obtain an investor residence permit in Turkiye. These include investing no less than $75,000 in real estate in major Turkish states, making legal and licensed investments, conducting purchases and sales through official bank transfers, and entering Turkiye legally and officially. The necessary documents when applying for this type of residence permit in Turkiye include a valid passport for at least three months, four biometric photos, a copy of the entry stamp, a copy of the title deed in case of real estate investment, a “TaÅŸNumara” document obtained from the municipality where the property is located, a tax number, effective health insurance, and a registered address in the Turkish Population Department.
Conclusion:
This residence permit in Turkiye provides foreign investors with several advantages, including the ability to legally reside in the country while enjoying various benefits. It is essential for foreign investors to understand the eligibility requirements, necessary documents, and application process to obtain this permit. By doing so, they can take full advantage of the opportunities provided by the investor residence permit in Turkiye.
Investing in Turkiye can be an excellent decision for foreign investors, and obtaining an investor residence permit can make their stay even more beneficial. By holding this permit, they can legally reside in the country, conduct their investments, and enjoy various benefits. Understanding the eligibility requirements, necessary documents, and application process can make the process of obtaining an investor residence permit in Turkiye easier and smoother.
