A new law has been passed in Turkey that grants foreigners who buy real estate the right to obtain a one-year tourism residence permit.
Turkish tourist residence permit
Read on to find out more about the tourist residence permit and how it can help you get the most out of your time in Turkey.
The Turkish tourist residence permit is a visa that allows you to stay in Turkey for up to one year. If you buy real estate worth over $400,000, then this is the visa for you! The law was passed on January 1st 2019, which means that those with property investments can now apply for their legal residence within Turkey by purchasing property worth over $400 000 USD.
The law applies to foreigners who buy property worth more than $250 000 USD as well as their spouses or children who are younger than 25 years old. The buyer should also have lived legally outside of Turkey for at least three consecutive years before making an application under this new rule set out by the Ministry Of Interior Affairs And Migration.
what is Turkish tourist accommodation ?
- a tourist residence permit is a one-year residence permit. It is issued to foreigners who buy real estate in Turkey
- the second type of tourist residence permit is called “tourist visa”, and can be extended up to 90 days at a time
One-year tourist stay in Turkey
You can stay in Turkey for one year on a tourist visa. A tourist residence permit is issued by the Turkish Migration Board (DGMM) and allows you to stay in Turkey for a maximum of one year.
This is done through an application procedure that takes around two months to complete, but it can be extended if necessary. When applying for this visa, you must submit an application form along with travel documents, such as passport or ID card (if necessary). You will also need to provide information about your accommodation during your stay in Turkey and present evidence that you have sufficient funds to cover all costs related to living in Turkey during this time period.
Turkish tourist accommodation 2023
The law is expected to be implemented by 2023, and it will apply to foreigners who buy real estate worth at least 2 million Turkish liras (about $480,000) in Turkey.
It will also provide an opportunity for those who already own property in Turkey as an investment or rental property to obtain a residence permit.
Ways to get a one-year tourist residence
There are several ways to get a one-year tourist residence:
- Buying a property in Turkey for the first time
- Buying a property for the second time (if you already have one)
- Buying a property for the third time (if you already have two)
- Buying a property for the fourth time (if you already have three)
It is also possible to apply as soon as your wife or husband becomes Turkish, even if they do not own any real estate in Turkey themselves.
A new law has been passed in Turkey that grants foreigners who buy real estate the right to obtain a one-year tourism residence permit.
A new law has been passed in Turkey that grants foreigners who buy real estate the right to obtain a one-year tourism residence permit. The law is effective from January 1, 2023 and applies to all foreigners who have bought real estate in Turkey.
The legislation was designed as an incentive for foreigners to invest in property within Turkey and will make it easier for those who wish to move permanently or temporarily into the country.
Conclusion
We hope that this article has clarified some of the major points surrounding the new law and has helped you understand how to apply for it. We are happy to answer any questions you may have about this topic. Please do not hesitate to contact us for more information.
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