I am a small business owner from Iraq and I’m looking to move with my family to Turkey. What options would you advise me if I can spare $50,000 to buy residential property in any of the major Turkish cities?
Although this budget may or may not be sufficient to make a decent residential property purchase in major cities, short-term residency permits could be obtained for the owner and his/her family following the purchase. Such permits should not be confused with residence permits that also contain work permits (unlike the U.S. green cards); these are still for touristic purposes based on a property purchase. In the case of a larger investment ($250,000+), citizenship applications could be made.
If you buy a real estate in Turkey for $50,000, you can apply and receive your residence permit. You can include your spouse and your under 18 dependents.
If you buy property, you can get a resident permit for yourself, your spouse and your kids who are younger than 18. After you register the apartment in your name, you can apply to the immigration office for resident permits.
Temporary residence permits are given to foreigners who buy real estate in Turkey. These permits can be renewed.
Purchasing property with the mentioned amount would give you the right to apply for residence permit for yourself, spouse and the kids below the age of 18.
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