Buying Property in Turkey > Who can buy a real estate in Turkey?
Foreign nationals (real persons)
According to the law on ‘property purchase by foreigners in Turkey’ enacted on January 7, 2006, foreign nationals (real persons) are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions.
In implementation of the reciprocity principle, it is essential that real estate acquisition rights given by a foreign country to its own citizens and to commercial companies established in foreign countries according to the laws of these countries are also given to the citizens and commercial companies of the Republic of Turkey.
In this context, there exist reciprocity between the United Kingdom and the Republic of Turkey regarding real estate acquisition.
Foreign companies
According to the law on ‘property purchase by foreigners in Turkey’ enacted on January 7, 2006, foreign commercial companies having legal personality established in foreign countries according to the laws of those countries are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions. However, those companies which are legal entities can buy property provided that they operate pursuant to the special laws such as the Tourism Encouragement Law, the Oil/Petroleum Law, the Industrial Zones Law etc. In addition, foreign legal entities other than the above mentioned commercial companies, such as foreign charities, foreign foundations and foreign societies, etc. cannot buy property in Turkey.
Companies established/participated by foreign nationals (FDI Companies)
Companies can freely acquire real estate or limited rights in rem through a legal entity established or participated in Turkey by foreign investors provided that such acquisitions are permitted for Turkish citizens.
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