Selling a property in Turkey may have tax consequences, particularly if you sell it within five years of acquiring it. For foreign property owners, understanding the Turkish capital gains tax rules before completing a sale can help avoid unexpected liabilities and make it easier to estimate the net proceeds. The tax treatment depends on how…
If you own a property in Turkey but live abroad, you may be able to sell it without travelling to Turkey. However, completing the sale remotely requires careful preparation, particularly when it comes to the power of attorney, title deed procedures, outstanding debts and taxes. For foreign property owners, the key is to make sure…
When a Turkish company fails to pay an invoice, fulfil a contractual payment obligation or repay a commercial debt, foreign creditors may face practical and legal challenges in recovering the money owed to them. The creditor may be based in the United Kingdom, the United States, the Netherlands, Germany or another country, while the debtor,…
Buying property in Turkey requires more than checking the appearance of a house or apartment and agreeing on a purchase price. Before completing a real estate transaction, foreign buyers should verify the property’s official registration, the seller’s ownership rights and any legal restrictions that may affect the purchase. The Turkish title deed, commonly known as…
How Can Foreign Heirs Transfer Property in Turkey? If you have inherited a house, apartment or other real estate in Turkey, you may need to complete several legal and administrative procedures before the property can be registered in your name or sold. For foreign heirs, the process may involve obtaining an inheritance certificate, determining the…
Can Foreigners Inherit Property in Turkey? Yes, foreigners can inherit property in Turkey, but inheritance of Turkish real estate by a foreign national may be subject to certain legal restrictions and procedural requirements. The fact that the heir is not a Turkish citizen does not, by itself, prevent the heir from inheriting a house, apartment…
What Happens When a Foreigner Dies Owning Property in Turkey? What happens to a house, apartment or other property in Turkey when the owner dies? This is a common concern for foreign nationals who own property in Turkey and for their family members and heirs. The death of a foreign property owner does not automatically…
Company Formation in Izmir, Turkey: Corporate Law Services for Foreign Investors Izmir has become one of the most attractive cities in Turkey for foreign investors seeking to establish a company and expand their business operations. With its strong commercial infrastructure and strategic location, Izmir offers significant opportunities for international businesses. For foreign investors, company formation…
Probate in Turkey for Foreigners: Legal Process Explained When a person passes away leaving assets in Turkey, certain legal procedures must be completed before heirs can access or transfer those assets. This process is commonly referred to as probate in common law jurisdictions. For foreign clients, probate in Turkey may involve additional legal and administrative…
Residence Permit in Izmir, Turkey: Legal Guide for Foreigners Izmir has become one of the most attractive cities in Turkey for foreigners seeking residence due to its lifestyle, climate, and investment opportunities. Many international clients choose Izmir not only for living but also for property investment. Foreign nationals who wish to stay in Turkey for…
