What is the difference between a tourist residence permit and a real estate residence permit?
Tourist residency and real estate residency in Turkey are among the most important types of residencies. Therefore, in this article from Ebla Real Estate, we will talk about the residence permit in Turkey and we will show the difference between a tourist residence permit and a real estate residence permit.
Tourist residence permit in Turkey:
A tourist residence permit is a type of residence permit approved by the legal authorities, which gives the right to stay in Turkey for a certain period of time to foreign nationals who have obtained a visa.
Foreign nationals who come to Turkey and meet the necessary conditions can apply to the Immigration and asylum offices before the visa period expires and make an appointment and prepare the documents specified by the time of the appointment. It is worth noting that the tourist residence permit in Turkey is granted for a period ranging from 6 months to two years.
Advantages of tourist residency in Turkey:
- It is a prerequisite for obtaining a work permit in Turkey.
- With the tourist residence permit, tourists and investors can establish a company.
- Furthermore, tourist residence provides the ability to travel and move between Turkish cities and regions without the need to obtain a travel permit
- It also provides the possibility of obtaining a visa for some countries easily.
- Holders of tourist residency can open a bank account and buy a property in Turkey.
- In addition, the holder can enter and exit Turkey without obtaining a visa.
Real estate residence permit in Turkey:
It is an official document issued by the General Administration of Turkish Immigration. It is granted to foreigners who buy a residential property. Real estate residence permit allows them to live, reside, invest in Turkey, do business and carry out daily activities without experiencing problems
Advantages of real estate residency in Turkey:
- Real estate residence permit provides the possibility to enter Turkey without the need to obtain a travel visa (Visa) or a security approval for that.
- After 5 years of obtaining the continuous real estate residence permit in Turkey.. The owner has the right to apply for Turkish citizenship.
- It also facilitates the movement of investors, traders, businessmen and procedures for establishing companies and recruiting workers in Turkey.
- Benefiting from the various service facilities available to Turkish citizens, such as hospitals, educational institutions and entertainment venues.
- In addition, it provides the possibility to open a bank account in Turkey.
Important notes about real estate residency in Turkey:
- Real estate residency in Turkey is granted for a period of one or two years, with the possibility of simply renewal; As long as the person still owns the property.
- Real estate residency is granted to members of the owner’s family: wife and children under the age of 18. Moreover, children over the age of 18 can obtain a tourist residence permit.
- Investors may take advantage of real estate to achieve high returns and huge financial profits.
The difference between the tourist residency and real estate residency:
Tourist residence in Turkey has been granted to foreigners for a specific period. However, the real estate residence permit is granted for two years.. With the possibility to renew it annually as long as the foreigner owns the property.
Moreover, tourist residency in Turkey allows foreigners to reside for a short period of time for work, visit, or for the purpose of treatment. However, real estate residency allows foreigners to reside for an indefinite period.. For the purpose of real estate ownership and investment
Furthermore, foreigners can obtain a real estate residency very easily.
There are many common points between tourist and real estate residencies. However, the latter remains in terms of ease of renewal and accessibility
Thus, the tourist residency carries characteristics and advantages, but the preference remains for the real estate one, which is one of the most important types of residencies in Turkey at all.
Edited by: Ebla Group Real Estate
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