Real estate ownership for Syrians in Turkey
Can Syrians own a property in Turkey and obtain Turkish citizenship? In this article from Ebla Real Estate, we will provide the valued clients with an answer for this important question. Moreover, we will talk about the conditions for buying real estate in Turkey by Syrians.
Table of contents:
- Can Syrians own a property in Turkey?
- Ways to own real estate for Syrians in Turkey:
- Buying a property in Turkey through establishing a company.
- Buying a property in Turkey under the name of a Turkish citizen.
- Syrians holding Turkish citizenship can buy real estate in Turkey.
- Tips from Ebla Real Estate about real estate ownership for Syrians in Turkey
Can Syrians own a property in Turkey?
According to the Turkish laws and legislations, Syrians are not entitled to buy and own real estate in Turkey. However, there are some ways to acquire property in Turkey for Syrians.
Ways to own real estate for Syrians in Turkey:
There are several ways in which Syrians can buy a property in Turkey after it was impossible for them to achieve this goal.
1. Buying a property in Turkey through establishing a company:
Through establishing a company in Turkey, Syrians will be able to own real estate in Turkey by easy steps; Because the company obtains a legal entity that allows Syrians to buy real estate in Turkey on the company’s behalf.
Moreover, Syrian citizens can establish a company without the requirement of a Turkish partner. Furthermore, the Syrian citizen can also establish the company individually or with the participation of partners from the Syrians or other nationalities.
In addition, establishing a company with the aim of owning for the Syrians in Turkey does not require much time and effort. It also does not require a large capital.
Steps and procedures for establishing a company in Turkey:
- Request to establish a company.
- Hiring a lawyer to follow up on the procedures.
- Statement of signature of the owner of the company.
- Registration of the Chamber of Commerce.
- The passport, translated and certified.
- Obtain a tax number.
In addition, the presence of a legal accountant representing the company to the Turkish state is necessary. Undoubtedly, the legal accountant is the direct link between the company and the Turkish government; As he follows up the financial bookkeeping assigned to the company’s incoming and outgoing accounts, reviews, controls and submits them periodically to the concerned government authorities.
2. Buying a property in Turkey on the name of a Turkish citizen:
There are procedures that can be applied in order to guarantee the rights of all parties, such as placing a mortgage sign on the property in favor of the Syrian partner.
Moreover, the two parties can sign a partnership agreement that clearly clarifies the rights of each of them.
((It is worth noting that according to Turkish laws, the owner of a property that has a mortgage sign placed on his property can sell it, and the mortgage sign remains on the property if the other party accepts to buy the property with the mortgage sign. In addition, the responsible employee in the title deed department mentions the mortgage sign in the event that the buyer accepts to buy the property with the presence of the mortgage sign. Thus, the title deed is transferred to the new owner)).
3. Syrians holding Turkish citizenship can buy real estate in Turkey:
Syrian citizens who obtain Turkish citizenship are treated as Turkish citizens. Thus, they have the right to buy real estate in Turkey.
Syrian citizens can obtain Turkish citizenship in many ways, the most important of which are:
- Depositing an amount of 500,000 $ for three consecutive years.
- Buying government bonds worth 500,000 $ without selling them for a period of three years.
- Obtaining a work permit for five consecutive years.
- Factory owners who employ 50 Turkish employees.
Important note: Although the purchase of a property worth 400,000 $ in Turkey allows foreign investors to apply for Turkish citizenship; But this method does not include Syrians for not being able to register the property on behalf of the Syrian investor directly.
Tips from Ebla Real Estate about real estate ownership for Syrians in Turkey:
The best way to own a property for Syrians in Turkey is to own a property under the name of a company; This is because the company and its properties are transferred after the death of the owner to the legal heirs who have the right to inherit, even if they hold Syrian or other citizenship.
Moreover, Ebla Real Estate Company in Turkey confirms that it is better to rely on a reliable real estate company to purchase a property in Turkey whether from Syrians or other nationalities.
It is worth noting that we provide the valued clients with various offers and opportunities that meet the clients’ needs. We also make sure that the properties are free from mortgage signs and other problems.
Edited by: Ebla Group Real Estate
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