Best Residence by Investment Lawyers in Serdivan

About Residence by Investment Law in Serdivan, Turkey

Residence by Investment (RBI), often referred to as the "Golden Visa" program, enables foreign nationals to obtain residency in Turkey by investing in the country. Serdivan, a district in Sakarya Province near Istanbul, is becoming an attractive destination for investors due to its growing economy, proximity to major cities, and improving real estate landscape. The Turkish government promotes foreign investment by issuing residence permits to those who meet specified investment criteria, typically through property acquisition or bank deposits. Serdivan follows national Turkish laws regarding Residence by Investment, offering foreign investors the opportunity to reside, study, and conduct business in Turkey.

Why You May Need a Lawyer

Navigating the Residence by Investment process in Serdivan can be complex due to changing regulations and language barriers. Here are some common reasons you might need legal assistance:

• Choosing the Right Investment: A lawyer can advise whether a targeted property or investment meets residency requirements and provide due diligence on ownership, liens, or encumbrances.
• Preparing Documents: Meeting Turkish legal standards for document preparation and translation is critical; mistakes can cause costly delays or rejections.
• Application Submission: Legal specialists ensure applications are properly filled and submitted to the relevant authorities, tracking deadlines and responses.
• Understanding Tax Obligations: Investment in real estate and eventual residency can affect your tax profile; lawyers offer guidance on local and international tax implications.
• Handling Rejections or Disputes: Should your application be rejected or investment challenged, professional legal help is essential to resolve issues promptly.
• Post-Residency Concerns: Lawyers assist with renewing residency permits, family member sponsorship, and converting temporary residency into permanent residency or citizenship.

Local Laws Overview

Serdivan abides by national Turkish Residence by Investment laws, but also has local administrative procedures and requirements for processing applications:

• Minimum Investment Requirements: Typically, the minimum property investment needed for residency is $75,000 USD in cities including Serdivan, though requirements may vary.
• Eligible Property: Properties must be completed and have proper title documentation; agricultural or restricted-use land may not qualify.
• Residency Permit Duration: Residence permits are initially valid for up to two years, renewable, as long as investment conditions are sustained.
• Family Inclusion: Spouses and children under 18 can be included under the main applicant’s residency application, provided all documentation is complete.
• Local/regional application procedures: Applications are submitted at the local Immigration Office in Sakarya, which covers Serdivan, often requiring in-person interviews or appearances.
• Integration with Turkish Citizenship: After five years of legal residency (sometimes less, depending on investment size and government discretion), it may be possible to apply for Turkish citizenship subject to further requirements.
• Compliance Checks: Ongoing compliance with investment conditions is mandatory; non-compliance can result in permit revocation.

Frequently Asked Questions

What is the minimum amount I need to invest for residency in Serdivan?

As of 2024, the minimum property investment for obtaining a residence permit in Serdivan is generally $75,000 USD, but requirements may change, so consult with a local expert.

Do rental properties qualify for Residence by Investment?

To qualify, you must purchase real estate; simply renting does not fulfill the investment requirement for a residency permit.

Can I include my family members in the same application?

Yes, your spouse and children under 18 can be included. Additional documentation such as marriage and birth certificates will be required.

How long does it take to get residency?

Processing typically takes 2-4 months, depending on documentation, background checks, and administrative workload at the Sakarya Immigration Office.

Do I need to live in Serdivan full-time after obtaining residency?

There are some minimum stay requirements, but you are not obliged to live in Serdivan full-time. However, extended absences could affect renewal or future citizenship eligibility.

Will residency permit me to work in Turkey?

A residency permit through investment does not automatically grant work rights. You’ll need to apply for a separate work permit if employment is intended.

Can I apply for Turkish citizenship through investment in Serdivan?

Yes, after holding a valid residency for five years without interruption, you may apply for citizenship, subject to additional requirements. Some direct citizenship by investment programs may exist for higher investment levels.

Is financing (mortgage) allowed for the investment property?

Generally, the invested amount should be financed from your personal funds to meet residency criteria. Properties purchased mostly with mortgages may not qualify.

What documents are needed for the application?

Required documents include a valid passport, proof of investment (title deed), proof of health insurance in Turkey, address registration, proof of income or financial means, and background checks.

Where do I submit my Residence by Investment application in Serdivan?

Applications are submitted at the Provincial Directorate of Migration Management in Sakarya. An appointment is necessary, and personal presence is typically required.

Additional Resources

For further information or assistance, consider reaching out to:

• Provincial Directorate of Migration Management (Sakarya) – Handles all residency permit applications for Serdivan.
• Local real estate agencies experienced in working with foreign investors.
• Certified translation and notary services in Sakarya for document preparation.
• Turkish Bar Association (Türkiye Barolar Birliği) for finding qualified immigration or real estate lawyers.
• Local chambers of commerce or foreign investment bureaus offering informational support to investors.

Next Steps

If you plan to obtain residence by investment in Serdivan, Turkey, here’s how to proceed:

1. Research the latest investment requirements and identify eligible properties or other qualifying investments.
2. Contact a trusted local lawyer who specializes in immigration or real estate law to guide you through due diligence and application processes.
3. Gather all necessary documents, making sure they meet Turkish legal and translation standards.
4. Arrange for appointment booking at the local Immigration Office (in Sakarya) to submit your application and biometric data.
5. Monitor your application’s progress and consult your lawyer regarding any requests for additional information or interviews.
6. Once approved, fulfill all compliance obligations, including residence registration and reporting requirements.
7. Consult with your lawyer periodically about the renewal process and pathways to citizenship if desired.

Seeking early legal assistance can make your experience smooth and ensure your investment and residency goals are met efficiently and lawfully in Serdivan, Turkey.