How To Buy A Rental Property Overseas
What’s the most important factor when considering a potential rental property purchase overseas? The pleasure potential for you and your...
Read moreLief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
U.S. citizens must obtain a tourist visa to enter Turkey for a maximum of 90 days (multiple entry). After the 90-day period has lapsed, you will be required to buy a new visa or obtain permanent or long-term residency permit.
Turkey has an e-visa (electronic visa) and it is available at any time. Also, you obtain the visa after filling out all the information including identity, passport and travel dates and paying the visa fee online.
Above all, this electronic visa is only valid for tourism or commerce.
For instance, the fees for e-Visas obtained via the website are lower than the fees for visas obtained upon arrival to Turkish airports.
It used to be difficult for a foreigner to establish full-time residency in Turkey, but it was made much easier in 2014. Now it’s even possible to obtain residency through the purchase of real estate.
Still, Turkey may be best enjoyed as a part-time retirement option. If you live here more than six months of the year, you become liable to the Turkish authorities for tax on your worldwide income.
Residency in Turkey can lead to a second passport and dual citizenship in this country, but there are several requirements, including “adequate command” of the Turkish language.
Yes, Turkey has an e-visa and it is available at any time. Also, you obtain the visa after filling out all the information including identity, passport and travel dates, and paying the visa fee online.
Above all, this electronic visa is only valid for tourism or commerce.
What’s the most important factor when considering a potential rental property purchase overseas? The pleasure potential for you and your...
Read moreWhat’s the most important factor when considering a potential rental property purchase overseas? The pleasure potential for you and your...
Read moreWhat’s the most important factor when considering a potential rental property purchase overseas? The pleasure potential...
Read moreI like places with big pasts. Few places on this earth have a bigger past than Izmir. Originally called Smyrna, this is one of the oldest cities in the world, dating back more than 8,500 years. Today, it’s also Turkey’s third-largest city and a popular resort destination among Europeans. The population doubles come summertime. This summer, Lief and I number among those making our way to these shores. There are many reasons to seek out this historically important spot. Top...
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