Buying real estate in Türkiye through a company
Buying real estate in Türkiye through a company is a way to own and invest in real estate without obstacles. Moreover, it is one of the feasible solutions for some nationalities prohibited from owning real estate in Türkiye. Therefore, in this article from Ebla Real Estate, we will talk about the steps to buy a property in Türkiye through a company and its advantages.
Steps to buy real estate in Türkiye through a company:
Establishing a Company: The first step is to set up a legal entity in Türkiye, typically a Limited Liability Company (LLC) or Joint Stock Company (JSC). Seek legal advice to understand the requirements and obligations associated with company formation.
Company Registration: Register the newly formed company with the Türkiye Trade Registry Gazette. This process includes obtaining a tax number, opening a bank account, and completing all necessary documentation.
Property Search: Once the company is established, begin the property search. Consider factors such as location, property type, budget, and investment goals.
Purchase Agreement: Negotiate and finalize a purchase agreement for the chosen property. Ensure that the agreement includes all necessary terms and conditions.
Payment and Taxes: Arrange the payment for the property, which typically includes the purchase price and associated taxes and fees.
Title Deed Transfer: After the payment is made, the property’s title deed (tapu) is transferred to the company’s name. This process involves the Türkiye Land Registry and Cadaster Office.
Ongoing Management: Depending on your investment goals, you can manage the property yourself or engage a property management company such as Ebla Group to handle leasing, maintenance, and other responsibilities.
Required documents to buy real estate in Türkiye through a company:
- Trade Registry Gazette Extract.
- Company Establishment Certificate.
- ID and passport copies.
- Personal photos of the buyer
- Title deed information.
- Property appraisal report.
- Sales agreement.
- Tax identification number.
- Bank account statements.
Advantages of buying real estate in Türkiye through a company:
- The possibility of owning real estate for holders of nationalities prohibited from owning real estate in Turkey.
- Purchasing real estate through a company allows investors to diversify their investment portfolio.
- Owning real estate through a company can open doors to various business opportunities.
Edited by: Ebla Group Real Estate
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