Turkish Residence Permit with Rental Agreement is No Longer Available

Until now, foreigners could obtain a residence permit in Turkey with a rental agreement. However, a new regulation was implemented with the decision of the Presidency of Migration Management of the Ministry of Interior (İçişleri Bakanlığı Göç İdaresi Başkanlığı). The residence permit will no longer be obtained with the rental agreement.

Turkish Residence Permit with Rental Agreement is No Longer Available As a tourist residence permit, rental agreements previously gave foreigners the right to stay in Turkey for more than 90 days. But now, foreigners must buy a property to apply for a residence permit in Turkey.

On the other hand, a new minimum limit was also determined for the residence permit by property investment as of April 27. With new changes made on October 16, 2023, both the appraisal report and the real estate sales price (the price on the deed) increased to 200.000 USD instead of ~~75.000 USD~~.

So, the value of the appraisal report and the real estate sales price (the price on the deed) must be at least 200.000 USD. If the value on the appraisal report is over 200.000 USD but the title deed value is below this amount, then the deed-based residence permit will not be granted. In this case, a tourist residence permit may be issued instead.

While calculating the foreign currency rate of the sales price, the base source will be taken as the exchange rate of the Turkish Republic Central Bank on the day of the title deed conveyance.

We provide full assistance and legal support to foreigners in obtaining residence in Turkey with our comprehensive services and corporate lawyers. You can visit our Residence Permit in Turkey page or contact us directly.

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Asım Can Sarıdemir

AUTHORAsım Can SarıdemirDigital Marketing Supervisor

Created: 23.05.2022, 16.30Updated: 09.11.2023, 13.10

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