Among the services we provide, Alfares real estate team has a specialized legal consultancy department that offers its services for our clients; including explaining all the necessary information and procedures required to guarantee the finalization of the property purchase with the state institutions legally.
While considering different possibilities and pondering the various choices of several countries, Turkey is the most frequently chosen country to live and settle in because of the offered residency concessions. And like any other country, residency requires obtaining legal documents to ensure comfort and smooth travel within the country.
Residency in Turkey has acquired a variety of forms as it became available for the foreigners to obtain by several methods; whether by purchasing a property, enrolling into universities, obtaining a job or even tourism residency.
Obtaining a residency permit requires closely following the proceedings and transactions, which is where Alfares legal consultancy team services become invaluable as they provide you with all the paperwork and documents needed to speed up the completion of the transaction.
Main types of residency in Turkey
Student permit residency
This residency is granted for foreign students who want to enroll into Turkish universities to finish their studies (undergraduate, master, PhD, institutes). The student can apply for residency after obtaining supporting documents from the university. It is granted for the duration of study only and is not renewed after leaving university.
Work permit residency
This type of residency is considered a right for any foreigner staying in Turkey in order to work legally with the country’s companies. If the person is working for a company, the management of that company is responsible for following the proceedings with Turkish Ministry of Labour and Social security, but if that foreigner is the owner of the venture capital (owns a company in Turkey), he is the one responsible for such procedures.
Tourism permit residency
This residency is granted for any foreigner who wants to stay in Turkey by submitting a request to or requesting an appointment with the country’s security authorities and obtaining a tax number, one of the most important residency procedures. After completing the proceedings, the foreigner is granted a residency permit for one or two years, renewable thereafter which facilitates finalizing any legal, banking, service-related or educational transactions required during his stay in Turkey.
Family permit residency
This residency could be obtained three years after marriage to a Turkish citizen. It is also granted to the underage descendants of a foreign husband and it is obtained after setting up an electronic appointment with the security authorities.
Purchasing a property residency (real estate residency)
By purchasing and owning a property in Turkey, the owner and his first degree relatives; like his wife and any descendants under the age of 18, are granted this residency, renewable on annual basis and it gives its holder the right to travel within the country as well as abroad. It is obtained via setting up an appointment with the security authorities and presenting all the required documents such as the Notarized translation of the passport, personal photos, a domicile number, health insurance and a tax number.
After completing the property purchase in Turkey, comes the most important step which is contracting with the property selling party. During this stage, the presence of a legal counsel and a real estate consultant knowledgeable with contracts and real estate related laws is essential to help with the contract’s details and clauses.
Essential points that must be included in a purchase contract
- The name of the selling company and full information on the sold property.
- The price of the property and the payment method (in cash or in installments).
- Detailed information of the property (property number and location, apartment surface area, registry number of the property’s land).
- Delivery date and the expected period of delivery delay as well as specifying the penalty clauses concerning a delayed delivery which is usually paying a rent to the purchaser for every month of delay.
- Penalty of delayed monthly installments’ payments.
- Detailed information of the construction materials.
- Copy of the purchaser’s passport and the selling company identification.
- All contracts are written in Turkish and signed at the Turkish Public Notary, sometimes with the presence of another copy in another language.
- The presence of the property owner or whoever is acting on his behalf, under an authorization issued by the Turkish embassy in the country of residency, during signing the purchase contract.
It is the document or the contract that proves the purchaser’s ownership of the property, which includes information of the property’s location and number. It is given to the owner only and, in case that more than one person share the ownership of the property, a single copy is provided in which the percentage and shares of the property for every person are stated.
Steps of Tapu Procedures
- One of the most important points is stating the actual purchasing price of the property to avoid future fines.
- Presenting an insurance against earthquakes.
- Land registry number
- Obtaining a tax number, a number given to every foreigner in Turkey to facilitate transactions.
- If the purchased property is still under construction, Tapu will not be given to the purchaser except after delivering the apartment, the same applies in case of purchasing the property in installments.
- After obtaining Tapu, you can get the real estate residency given to the foreign investor who owns a property in Turkey for a period of one to two years, renewable.
- Tapu fees which constitutes 4% of the total price of the property, paid by the purchaser.
- After the completion of the entire property’s proceedings, Tapu or commercial register fees must be considered. These are the fees paid by the purchaser to the government and constitute 4% of the total price of the property.
Note: If the property is shared by more than one owner, every person pays a percentage of the fees that corresponds with his percentage of the property ownership.
- If the owner chooses to resell the property earlier than five years, he will have to pay a tax that ranges between 15 to 35% of the net profits, but if the sale is completed after five years, no taxes are paid.
- An annual real estate tax that equals 0.003 of the property’s total value is paid to the municipality.
The Turkish Citizenship
Steps for obtaining the Turkish citizenship after purchasing a property
- Choosing the most appropriate property after consulting with Alfares real estate investment team consultants.
- Alfares investment team will assist you to obtain all the required paperwork needed for citizenship application, with the aid of a specialized legal counsel.
- Providing Notarized translation and certification of all the client’s personal documents that were previously certified by his country’s embassy.
- Appraising the property so that the appraisal value equals its actual value according to the conditions approved by the Turkish government, for at least 250 thousand dollars.
- Providing a written obligation to not sell the property earlier than 3 years from the date of purchasing.
- After the completion of all the steps, all the documents are sent to the Ministry of the Interior to be studied for a period that ranges from 1 to 1.5 months. After the approval of the ministry, the application is sent to the Presidency of the Republic for the final certification and acquisition of citizenship in exchange for owning a property inside the country.
The required documents for the completion of the Turkish citizenship proceedings after property purchasing
- Birth certificate or the document of registration.
- Family book or family statement document.
- Non-judgmental document.
- Marriage contract or any document stating the civil status.
- Passport or any personal identification.
- Personal photos.
Note: in order to grant the entire family members (wife and descendants) citizenship, the same documents are required with the consent of one parent to the other to grant citizenship to the descendants under 18 of age. Thereupon, the following documents must be provided for them:
- Birth certificate and birth statement.
- Parents’ marriage contract.
- Consent of one parent to the other.