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Real estate residence permit and work permit in Turkey

Real estate residence permit and work permit in Turkey

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With the increased interest in real estate investment in Turkey , and the availability of distinctive real estate projects , the interest of Arab investors to move towards Turkey with the aim of investment or stability has increased . This coincided with a facilitations provided by the Turkish government to foreigners constantly , to encourage real estate investment , including amending certain laws and opening the door to many nationalities for direct ownership .

 

 Why Turkey ? 

  1. Research shows that property sales in Turkey have increased in recent years , meaning that people visiting Turkey have decided to settle in Turkey for various reasons .
  2. Geographical location is another important factor for Turkey's prosperity , it is a link between Europe and Asia , and has provided a functional role and a qualitative leap in trade between the two continents .
  3. Turkey's strategic geographic location , gives it weight and political importance , being the center of transformation in the Middle East and Europe .
  4. Nature and climate in Turkey , it is a paradise on earth . Turkey is a unique country with its natural beauty , green areas , pure sea , golden beaches , meadows and flat lands . Thanks to these advantages , Turkey's tourism sector occupies an important place in the desire of investors to obtain a Turkish passport .
  5. Turkey is closely following technological developments , and the Turkish government knows that supporting technological developments is a critical step , as this is an age of technological progress .
  6. The ongoing reforms by the Turkish government to revitalize its economy , as it is a country with a bright future . From this , its total sufficiency of natural resources and export of agricultural products , cars and furniture to various countries around the world . In addition to the huge development projects adopted by the Turkish government such as the opening of Istanbul International Airport , the largest airport in the world , the launch of the Istanbul International Finance Center , and the continuous development of the transportation network and trains .
  7. Turkey's economy is characterized by its rapid growth and development , in the twenties of the last century , Turkey was only a fully agricultural country , but now it is one of the most important industrial countries , and it exports its products to all over the world . Turkish industry and trade centers are concentrated around the city of Istanbul and other major cities . The industrial , commercial , agricultural , tourism , real estate and educational sector thrive in Turkey , and the country has become self-sufficient and less imported from abroad .

 

 What motivates and encourages investment in Turkey ? 

The countries of the world are racing to attract investors , in order to stimulate the local economy of the country , by pumping money into the arteries of the country , and the development of its projects , but Turkey is distinguished from other countries with unique investment incentives . What motivates and encourages investment in Turkey ?

  1. The strategic location of Turkey . Turkey , a modern and developed country , with a history and ancient civilization , which is located in the middle of the world , and it is divided widely on the continents of Asia and Europe and combines the originality of the East and modernity of the West . The Republic of Turkey is divided into 81 provinces , and Ankara is the capital of the country , and Istanbul is the financial capital and cultural and economic heart of the country , and the Republic of Turkey includes major and famous cities such as : Izmir , Antalya , Gaziantep , Diyarbakir , Konya , Bursa and others lots .
  2. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .
  3. Strong and developed infrastructure , as infrastructure projects in Turkey continue at a steady pace . The Turkish Minister of Transport and Infrastructure has announced that his country has completed projects in the transportation sector with a total value exceeding 150 billion Turkish Lira ( $ 26 billion ) . Among the most anticipated infrastructure projects are the 3-storey Istanbul Tunnel Project and the Istanbul Canal Project .
  4. The rapid growth of Turkey's emerging and developing economy . Since late 2017 , economic growth rates have exceeded official forecasts and indicators of Turkey's statistical and economic institutions . Turkish and foreign economists point out that Turkey's economic growth rate will reach around 12% in 2019 , the highest rate in Turkey's economic sector since 2015 .
  5. Skilled and competitive labor , where the Turkish President , Recep Tayyip Erdogan , that the labor force in Turkey rose from 22 million , in 2002 , to 29.5 million , stressing the increase in employment despite the increase of labor in the country .
  6. Turkey is a member of the G20 , the world's 20 largest economic powers . The G20 is a group of 19 countries as well as the European Union , and the meetings of this group focus particularly on economic policy topics .

 

Among the important questions about the new arrivals in Turkey are the procedures and costs of obtaining residence permits in Turkey . There are several types of residences in Turkey , including those that are extracted for the purpose of tourism or work and study . All details are as follows :

 

 What is Real Estate Residence Permit in Turkey ? 

Residence in Turkey through buying a property , or real estate ownership residence in Turkey that called ( Real Estate residence permit ) , is a short renewed residence permit granted to foreigners who own a property in Turkey for a period of one year usually , the wife and children under the age of 18 are allowed to get this residence permit as an accompanying for the owner .

 

 What are the papers required to apply for real estate residence permit in Turkey ? 

  1. Title deed of the property ( Tabu ) .
  2. Property earthquake insurance .
  3. A valid passport for six months at least .
  4. A family statement of children translated into Turkish and certified by Turkish Embassy in the mother country .
  5. Health insurance for all family members .

 

 What are the advantages of Real Estate residence permit ? 

  1. Real Estate residence permit is similar to tourist permit in many aspects, but the former is stronger in terms of viability and duration of renewal granted .
  2. By buying a property in Turkey you are allowed to get a Real Estate residence permit , but not entitled to apply for Turkish citizenship through this residence permit , unless the property is worth at least $ 250.000 , then the owner is entitled to apply for Turkish citizenship in return for buying a property on a specific terms .
  3. When you want to renewal the real estate residence permit , you must bring the title deed , on which your residence permit was granted .

 

 What are the advantages of buying a property in Turkey? 

  1. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .
  2. Obtaining a residence permit , where foreigners who own properties in Turkey , whose price is less than $ 250.000 , are granted a residence permit that is renewed annually . Real estate residence permit in Turkey is granted to the landlord , his wife , and his children under the age of 18 .
  3. Real estate in Turkey is the cheapest real estate investment in Europe , where real estate prices in Turkey are considerably cheaper than those in Europe , with similar features in infrastructure , and similar in structure of developed European countries .
  4. Real estate investment in Turkey provides a profitable investment return , based on the economic activity and rapid urban development , and the strength of tourism in Turkey , which is best reflected in the periods and tourist seasons , through the demand for rental homes during those seasons distributed throughout year .

 

 What is fixed-term work permit ? 

Fixed-term work permit can be obtained through an application submitted by the company in which the person works , to the Ministry of Labor . The duration of this permit would be one year for the first time , and it could be renewed for two years . It is worth mentioning that this permit grants the wife and children the right to obtain a family residence permit , and to benefit from the health insurance services of the husband . The documents required for this permit are very simple , you only need a photo of your short-term residence permit , plus two personal photos . The company you are working for will submit the application and track the progress of the procedures , and once your permit is issued , it will be sent by PTT to the address of the company you work for and it will be delivered to your hand .

* Note : Syrians covered by the Temporary Protection Law may obtain a work permit issued by a temporary protection card ( Kimlik ) . In this case , they are not allowed to travel from Turkey and return again .

 

 What are the advantages of this work permit ? 

  1. Treatment at state expense in all country hospitals .
  2. Benefit from pension after the age of 60 .
  3. Obtain the Turkish citizenship after the fifth year .
  4. Children have the opportunity to join Turkish schools free of charge .
  5. Travel from Turkey and return again at any time .
  6. Obtain bank loans .
  7. It is included by the minimum wage, which is currently estimated at 2.030 Turkih lira .
  8. This is regarding to employees . For business owners , they can get work permit when they open a company or launch a business .

 

The obtaining of Turkish citizenship and the Turkish passport has become a top priority for Arab and foreign investors , due to the incentives offered by the Turkish government to investors and businessmen in the field of investment in Turkey and the field of trade , along with the facilities to obtain Turkish citizenship and The Turkish passport , where the positive amendments by the Turkish government continue in favor of those wishing to obtain Turkish citizenship , and there are many ways and means to give everyone the opportunity to get Turkish citizenship .

According to the changes made in the implementing regulations of the Citizenship Law announced in the Official Gazette published on 14/1/2017 , Turkish citizenship will be granted to foreigners : 

  1. When buying a property worth at least 250.000 $ , provided that the property is not sold for three years .
  2. When investing at a fixed capital of at least 500.000 $ .
  3. For foreigners who show a document proving that they have deposits in the bank worth not less than 500.000 $ , provided that the deposits remain in the bank for three years .
  4. For foreigners who prove that they have bought bonds from the state , provided they are not sold for three years .

 

 What are the advantages of obtaining Turkish citizenship ? 

  1. The strength of the Turkish passport , where the Turkish passport is ranked 39th in the world , and its holder is granted access to 72 countries without a visa .
  2. The Turkish passport and citizenship are processed and delivered in a relatively short period of up to 30 days .
  3. Turkey's relationship with the European Union , where negotiations and agreements between the Turkish government and the European Union countries on the accession of Turkey to the European Union are still underway . Turkish citizen has the right to enter Europe without a visa in the future .
  4. Possibility of Turkish passport holders and Turkish citizenship to benefit from retirement programs as a Turkish citizen .
  5. The Turkish government provides free education and payment plans to the university for Turkish passport holders and Turkish citizens .
  6. The Turkish passport gives the holder all voting rights for all types of elections in Turkey .
  7. The Turkish government allows dual citizenship for those holding Turkish passports , as they may also have another citizenship .
  8. Turkish passport is valid for 10 years when received , and can be renewed for life .
  9. The economic importance of Turkey , including the ongoing reforms undertaken by the Turkish government in order to revive its economy constantly .

 

One of the easiest ways for investors who want to obtain a Turkish passport is to buy a property in Turkey worth $ 250.000 in order to obtain Turkish citizenship . This has two benefits : acquiring Turkish citizenship and benefiting from real estate investment .

 

 Projects suitable for Turkish citizenship 

  • RH 180 - Ready luxurious homes with direct sea view in Zeytinburnu

The project was built on a land area of 63.500 square meters . It consists of 6 residences blocks plus 1 hotel block , with its green spaces of 51.500 square meters .

The project offers apartment options ranging from 1   1 to 5   1 , in addition to garden duplex and penthouse .

The project located on the European side of Istanbul , in Zeytinburnu district , on the shore of the Marmara Sea ,  just outside the walls of the ancient city .

The project located at the very intersection of all new transportation systems , road , sea and rail systems of Istanbul right beside the Historical Peninsula .

In this project , the sea will become part of your daily life . You can reach the marina with only one minute’s walk from your home over the footbridge directly connecting the project to the shore .

The project includes many services and facilities that meet all your needs , such as parking for cars , video intercom system , gardens , playgrounds , swimming pools , sauna and others .

The project also offers security and surveillance cameras 24/7 .

The project is ready for delivery , and for more details please visit the project link here : RH 180

 

  • RH 80- Apartments with Bosphorus view and suitable payment plans in Sisli 

A first class residential and investment project in the center of Sisli , specifically in the fast growing Bomonti area .

The project is located in one of the most famous areas on the European side of Istanbul , Bomonti district , a growing area that attracts the attention of investors at the moment , which is characterized by easy access to the most vital places in the city , and its proximity to shopping centers , airports , hospitals , universities and schools .

The project location is just 8 minutes away from Taksim .

This project has been designed in line with the highest quality standards in real estate in Turkey .

All apartments have private balconies with views of Istanbul or the Bosphorus .

The project includes special facilities that provide residents with comfort and entertainment and meet all their needs such as swimming pools , gym, walking paths , sport courts and restaurants , in addition to surveillance cameras and security .

Invest in this project today and benefit from its prices which will increase by 40% after the completion of the project .

All the project details in this link : RH 80

 

  • RH 163 - One of the best projects in Maslak , ready for housing with a view of Belgrade Forest 

Apartments for sale in Istanbul in a huge project like a full-service city , which includes a shopping center , 5-star hotel and integrated social facilities .

The project provides an ideal choice for housing and investment . The project was built in three phases : the units of the first residential phase have been completed and fully sold , the second phase includes shops and a shopping center , while the third and final phase is a mixture of residential and commercial apartments .

The project is located on the European side of Istanbul , specifically in Maslak , one of the largest real estate development areas in the city .

Maslak is one of the main central districts of Istanbul and it is one of the fast-growing areas of the city .

Maslak area is close to transportation links that will take you to all parts of the city in a few moments , and you can easily access the main areas and sights of the city .

Maslak is the ideal area for investment in Istanbul , where it promises high profits and high returns on investment in a few years .

The project is located only minutes away from Taksim and Levent , not more than 5 minutes from Bosphorus , and 25 minutes from  Istanbul's third airport , which gives it strategic and investment importance .

The project is located near the metro station and public transport .

The project is located in the Cendery Valley , among the regions of Istanbul that have gained the highest value .

The project is located next to Maslak and Levent , which provides a pleasant life with transportation opportunities .

The project attracts attention through its location close to shopping centers , arts , health facilities , transportation and education centers .

All the project details in this link : RH 163

Eresin Project