Turkey’s Geographic Location and Investments in Turkey
Turkey’s location, at the crossroads of Europe, Central Asia, and the Middle East, provides easy access to the European, Middle Eastern, North African, Central Asian, and Gulf markets. As a dynamic and growing economy Turkey supports international investors via a business-friendly incentives.
Real Estate Investments and Citizenship
Foreigners are allowed to acquire property in Turkey both for residential and investment purposes. Individual foreign investors, foreign companies or foreign capital Turkish companies can purchase lands, estates and buildings in Turkey subject to some certain legal requirements.
Individuals can acquire citizenship in Turkey by buying property in Turkey. There are certain legal criteria which can be summarized as following:
- The value of the property must be more than USD 250.000
- The property and its seller must satisfy certain criteria defined in Law
- Buyer must grant not to sell the property within 3 years after the acquisition
- All the required documents and forms must be completed properly and submitted to Land Registry Directorate and Immigration Authority
Road Map for Property Acquisition by Foreigners
- Identifying the property that is proper for budgets and purchaser’s criteria
- Checking the details and legal status of property
- Obtaining a report that shows the value of property
- Applying to the authorized Land Registry Directorate
- Depositing or paying the purchase price to seller
- Signing the official contract prepared by authorized Land Registry Directorate for the alienation of the property
Buying properties and gaining citizenship are subject to certain legal limitations and procedures. In order to secure the investment it is suggest to be represented by an authorized lawyer in each step of the process.
Services
Developing Construction and Real Estate Projects by Foreigners
Turkish construction and real estate retail market is a fast growing market across the region. Gaining citizenship by buying property attracts foreign purchasers for Turkish retail real estate market. Foreign and Turkish investors in construction industry develop construction projects for targeted consumers.
Foreign investors and foreign capital Turkish companies can invest in construction projects in Turkey. However, for foreign investors and foreign capital Turkish companies there are certain limits under the Law.
Legal Counseling for Foreign Investors
Legal Counseling for acquisition of properties and citizenship
Buying properties and gaining citizenship are subject to certain legal limitations and procedures. In order to secure the investment it is suggest to be represented by an authorized lawyer in each step of the process. Abaklı Law Firm represents the clients in all the fields of law practices. We provide professional legal services in English and Turkish. We collaborate with sworn-in translators for Arabic, Urdu, German, Spanish, French and Farsi, and on demand translation services in other world languages.
Legal Counseling for Construction Projects and Real Estate Investments
Abaklı Law Firm has an extensive experience in representing clients in all types of real estate transactions including urban regeneration projects, preparation of land plans, representation of clients before the governments offices, the control of compatibility of construction project with construction/zone plans of government offices and preparation of construction agreement in return for land share.
We provide mediation and arbitration for land conflicts and construction contracts. Abaklı Law Firm promises a distinguished expertise for litigation, consulting and mediation services in this field.