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Exploring the Concept of Global Citizenship and Investment Migration One of the things we, as humans, cannot choose is the country we are born into as citizens. Many people in the world today are dissatisfied with certain aspects of their home country and choose to travel to different nations, often with the intention of settling[…]
Read MoreImportant Updates Regarding The Acquisition of Turkiye Citizenship By Investment With the amendment made in the Circular No. 2019/5 issued within the scope of the Implementation Regulation of the Turkish Citizenship Law, significant changes have been made in the implementation of the Turkish Citizenship Law, effective as of 01.01.2023. Preliminary Contract for Real Estate Sale[…]
Read MoreWhat is the Difference Between a Condo and Co-Op? Condominiums (condos) and housing co-operatives (co-ops, construction servitude in Turkish Law) seem very similar. Generally, both are apartments within a multi-unit building. The difference lies in the ownership structure. When you buy a condo, you receive a deed and own an individual unit along with undivided interest[…]
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Name Choice in Turkish Citizenship Applications The Turkish Citizenship by Investment program provides applicants with the chance to change their name to a Turkish name. Applicants can either; Change their name to a Turkish name or Keep their names as they are (Note that there may be some adjustments needed to the original names in[…]
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Turkish Citizenship Application Process Citizenship applications can only be submitted after the investor has obtained their residence permit. The applications are made sequentially with the steps described below: A request is made for the citizenship appointment from the website of the Civil Registry and Citizenship Affairs Administration. The documents required to be included in the[…]
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Real Estate Acquisition by Foreigners Property Valuation in Turkey | Real Estate Appraisal Report In order for foreigners to own real estate in Turkey, it is imperative that the real estate they purchase be subject to the valuation process by valuation companies licensed by the Capital Markets Board before the title deed transfer process…
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The Obligation of Foreign Investors to Exchange Foreign Currency FREQUENTLY ASKED QUESTIONS There has been a new requirement to exchange foreign currency from the Turkish Central Bank with related regulations such as Article 13 of the “Capital Movements Circular of the Central Bank of the Republic of Turkey”, “the Regulation on the Implementation of the[…]
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VAT EXEMPTIONS Real estate sales made as a first delivery to foreign nationals and institutions not resident in Turkey, are exempt from VAT according to subparagraph (i) of Article 13 of the VAT Law. The principle of reciprocity, which is required for foreign persons to acquire real estate or limited real rights in Turkey, was[…]
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