A Country Of The Future That Is Booming Right Now The real estate market in Turkey wasn't hit as hard...Read more
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.
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.
The overseas property market is booming, and now is a better time than ever to invest in real estate. Offshore property stands out among investment options because it’s a hard asset that provides diversification of asset class and likely currency. If you’re looking for an opportunity to generate cash flow while building real, long-term wealth, this might be it. Check out more of our “Best of 2021” picks in the following categories: Best Places To Retire In 2021 Whether you’re...Read more