Can Syrians Own Property in Turkey?

2024-07-15
337 مشاهدة

Turkey is one of the top destinations for foreign investors due to its strategic geographical location and growing economy. Many Syrians aspire to invest in Turkish real estate, but they face certain legal challenges. In this article from Rumeli real estate company, we will discuss the possibility of Syrians owning property in Turkey, the procedures they can follow to achieve this, and the benefits they can gain from owning real estate.


Can Syrians Own Property in Turkey?


According to current Turkish laws, Syrians are not allowed to own property directly. This restriction is due to legal constraints imposed by the Turkish government on certain nationalities, including Syrians, to regulate foreign ownership of property. However, this does not mean that Syrians are unable to invest in Turkish real estate; there are legal ways to bypass these restrictions.


Real Estate Ownership Law in Turkey


The Real Estate Ownership Law in Turkey was issued by the Turkish Parliament, granting the right to ownership of real estate throughout the Republic of Turkey to citizens from all countries of the world, abolishing the principle of reciprocity, with exceptions that include holders of passports from the countries: Armenia, Cuba, North Korea, and Syria. The Real Estate Ownership Law in Turkey is known as No. 35, as part of Land Registration Law No. 2644, which was amended by Law No. 6302, and entered into force on May 18, 2012. This law constitutes the legal basis for real estate investment in Turkey, and opens the doors to real estate ownership in this beautiful and vibrant country for foreigners.

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How Can Syrians Own Property in Turkey?


Although Syrians cannot directly own property, an alternative solution is to establish a commercial company in Turkey. Through this company, Syrians can purchase and own properties in the company's name. This method is legal and safe, allowing Syrians to benefit from the Turkish real estate market. The steps to establish a company include:
  Choosing the type of company: Syrians can establish limited liability companies or joint-stock companies.
  Preparing the required documents: Documents include a passport, an official translation of the passport, along with the company's articles of association and establishment request.
  Opening a bank account: The company founder must open a bank account in the company's name and deposit the required capital.
  Obtaining the necessary licenses: Licenses must be obtained from relevant authorities to conduct business activities.
  Appointing a resident manager in Turkey: It is preferable to have a manager residing in Turkey to facilitate administrative procedures.


Requirements for Establishing a Company in Turkey for Syrians


To establish a company in Turkey, Syrians must adhere to certain legal conditions and procedures, including:
Registration in the Commercial Register: The founder of the company must register the company in the Turkish Commercial Register.
2. Preparing the bylaws: The company’s bylaws must be prepared and submitted to the competent authorities.
3. Appointing a certified public accountant: A certified public accountant must be appointed to follow up on the company’s financial matters.
4. Obtaining a tax number: A tax number must be obtained for the company to engage in commercial activities.
5. Social Insurance: Employees must be registered in the social insurance system.


What Are the Main Benefits Syrians Get from Owning Property in Turkey?


Owning property in Turkey offers many benefits for Syrians, including:
Profitable investment: The Turkish real estate market is promising, offering attractive investment opportunities.
Residential permit: A residential permit can be obtained upon purchasing a property, facilitating residency and living procedures.
Geographical diversity: Turkey offers a diverse living environment that suits various tastes, from beautiful beaches to advanced urban cities.
Turkey boasts a developed infrastructure, including transportation, health, and education services.
Attractive investment environment: The Turkish government provides legal facilities and simplified procedures to encourage foreign investment in real estate.
In conclusion, despite the challenges Syrians face in owning property in Turkey, the available legal solutions allow them to invest and benefit from the excellent real estate opportunities in this country. Establishing a commercial company is the best option to achieve this goal legally and safely.
If you are looking for professional support to realize your dream of owning property in Turkey, Rumeli Real Estate company is here to assist you. We provide comprehensive support, from legal consultations to the successful completion of the ownership process. Do not hesitate to contact us for the best offers and distinguished real estate services.
Stay connected with the Rumeli Real Estate team to achieve your real estate ownership ambitions in Turkey with ease and comfort.

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