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ARTICLE · 01 NOVEMBER 2023

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New Turkish Residence Permit Rules: 200,000 USD Property Requirement

Foreign nationals seeking to live in Turkey have a significant update to contend with when it comes to securing a residence permit through property ownership.

TurkeyImmigration

Foreign nationals seeking to live in Turkey have a significant update to contend with when it comes to securing a residence permit through property ownership. Under Law No. 6458 on Foreigners and International Protection (LFIP), Turkey offers an attractive option for foreigners wishing to reside in the country through a residence permit obtained by owning immovable property. This permit, issued by the Migration Management, enables foreign nationals to reside in specific regions of Turkey for a designated duration. The recent amendments, however, have raised the bar, particularly regarding the minimum property value required for eligibility.

Understanding Turkish Residence Permits

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