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The Turkish government will soon issue a decision to reduce the amount of real estate property that is nominated for Turkish citizenship to $300,000 after the $ 1 million. But before going into the details. Let’s clarify what the current law is and how it will…
Read moreSince the subject matter of this news is tax treatment of income derived from the rental of immovable properties and rights in Turkey by limited liable taxpayers (non-residents), it is wiser to confine the scope of the article solely to…
Read moreTurkey has changed its law to offer citizenship to foreigners who buy property worth at least $1m in the country. The decree on the changes published in Turkey’s Official Gazette on Thursday also grants citizenship to foreigners who make a…
Read moreLegal Background The Regulation on the Law on Applications for Turkish Citizenship (“Regulation”) has been published on Official Gazette dated 12.01.2017 and numbered 29946. According to the amendment, a foreign investor who meets certain conditions mentioned under the provisions added…
Read moreTurkish Statistical Institute (TUIK) announced growth figures for the first quarter of 2017. Accordingly, in the first three months of this year, Turkey’s economy grew by 5.00 percent. While the industrial sector grew by 5.3 percent, the growth rate in…
Read moreAfter a tumultuous 2016, the number of Turkish properties sold to international buyers increased 75% in September compared to the same time last year, a report by the Turkish Statistical Institution shows. According to the report, released last week, foreigners…
Read moreThe Regulation on the Law on Applications for Turkish Citizenship (“Regulation”) has been published on Official Gazette dated 12.01.2017 and numbered 29946. According to the amendment, a foreign investor who meets certain conditions mentioned under the provisions added to the…
Read moreTurkey has changed its law to offer citizenship to foreigners who buy property worth at least $1m in the country. The decree on the changes published in Turkey’s Official Gazette on Thursday also grants citizenship to foreigners who make a…
Read moreThe Turkish Government has abolished VAT on property purchases for foreign buyers, as the country attempts to attract more international investors. The new law means that foreigners are exempt of VAT on the purchase of either a house or office in Turkey, with…
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