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Frequently Asked Questions

Q1: Do foreigners have the right to own properties in Turkey?

Yes, they do. Turkish Parliament has issued a decree in September 2012, which gives foreigners the right of owning properties in Turkey.

Q2: What is the tax number? And how to get it?

Tax number in Turkey (vergı numarsı) is a number of your own, you are sometimes asked for it in legal and official transactions or when opening a bank account in Turkey. You can get it easily through the following:
Bring a copy of your passport and your address in Turkey.
Go to the nearest tax directorate (vergı müdürlüğü) in your neighborhood and ask for a tax number. They will enter your information into the system and give you a card with a tax number of your own.

Q3: Are the prices of properties the same for Turkish citizens and foreigners?

Yes. There is a price list which is the same for both Turkish and foreign buyers. You can be sure that all conditions are the same for all buyers.

Q4: Is the taxation system the same for Turkish citizens and foreigners?

Yes. The taxation system is exactly the same for everybody.

Q5: Wouldn’t I get a cheaper price for properties when I go to the developer directly?

No. Even if you go by yourself or with our real estate consultant, the same prices are offered by the developers.

Q6: How can I open a bank account in Turkey?

In order to open a bank account, first you need to get a Tax number. After that you need to provide:
- A statement showing your current address (it could be an electricity or gas bill, or a bank statement from your country).
- Your passport.
- Your tax number.

Q7: How can I get a residence permit in Turkey?

Foreign visitors can stay legally in Turkey for maximum 90 days with a tourist visa. After they buy a property and get the title deed, this directly gives them one-year residence permit that can be renewed later.

Q8: Can my family get a residence permit in Turkey?

Yes. Your wife and your children under 18 years old can also get a residence permit after your application.

Q9: How to get Turkish citizenship?

You can obtain Turkish citizenship through the following methods:
- Investment with a capital of $500,000 or the equivalent of other currencies in the technological or industrial fields.
- Investment of $250,000 in real estate sector for three years without selling the property.
- Setting up a company and recruit 50 Turkish citizens.
- Deposit $500,000 or the equivalent of other currencies in Turkish banks or the Treasury of the State or the Turkish Investment Fund for 3 years.

Q10: How many properties can I own in Turkish territory? And what is the minimum period the process of buying properties in Turkey takes?

The number of properties you can buy is unlimited. Also, more than one person can own the same property. Concerning the period, on average, purchasing process does not take more than 3 days.

Q12: Do I need a visa to enter Turkey? How long does the Turkish visa last ?

Yes, you do. You can get a visa either at the airport or when you go to the Embassy of the Republic of Turkey in your country. The visa lasts for three, subject to renewal, months. Moreover, you can get a six-month residence permit, which is also subject to renewal.

Q13: What are the bank means to transfer money from my country to Turkey? Are there any participation banks between the Gulf States and Turkey to facilitate the transfer of money ?

You may open an account at any Turkish bank very easily and then transfer money. You also may open an account at any Gulf Turkish participation bank such as the Kuwait Turkish Participation Bank (Kuveyt Türk Participation Bank) or in its branches such as Kuwait Finance Bank in Kuwait, and then you may ask for money as if you are in your home country.

Q14: What is the average price of a property in Turkey? Is there any installments system?

The price of a property varies from one city to another and from a district to another within the same city, but on average, it is fair to say that you can own a good apartment for 60,000 $. And yes, the installments system is available in Turkey.

Q15: Can I define my attorney to run the property due to transactions in Turkey?

Yes, you can by authorizing your attorney in your country, translating the authorization (sworn translation) and getting it authenticated by the Turkish Embassy in your country.

Q16: After buying the property, how could I provide it with gas, electricity, water and internet services? Then how could I pay the bills during my absence?

You have to go to gas, water, and electricity companies, pay a nominal amount insurance, and register meters respectively on your name.

Q17: How can I get benefits from the property during the months that I would not be in Turkey?

You may either rent the property or offer it for real estate investment, and the renter can transfer the monthly payments to you via the bank.

Q18: Is it possible to come to Turkey in my own car and register it in Turkey?

Yes, but the car entrance shall be through either land border crossings or seaports. That would happen without paying any taxes, on condition that the car leaves Turkey within six months. Otherwise, you have to pay a tax.