In light of economic and political developments, Turkey has become a distinguished destination for many people looking for investment opportunities and permanent residence and among the categories that are increasingly inquiring are those related to purchasing real estate in Turkey, and among these categories are inquiries from Syrians who are looking for opportunities to settle and invest in this diverse country, so can Syrians buy real estate in Turkey? This question is pivotal to exploring the legal, economic and social context surrounding the issue of property ownership for Syrians in Turkey, so continue reading on for more details.
Can Syrians buy real estate in Turkey?
In 2012, the Turkish Parliament passed a decision allowing foreigners to own real estate in Turkey and despite this decision, there were actual instructions preventing holders of some nationalities, including Syrian nationality, from directly acquiring property and this is due to restrictions applied for reasons related to equal treatment between countries, which has added some restrictions and challenges to the process of owning real estate in Turkey for holders of these nationalities.
How can Syrians buy real estate in Turkey ?
Choosing to establish a company in Turkey is an attractive option for Syrians, as this option gives them an easy opportunity to own real estate, and a Syrian citizen can establish a company in Turkey with a license from the Turkish government, and with this, the company obtains a legal personality that allows it to own real estate in Turkey in its name and the price and area of the property must be compatible with the size and capital of the company and this is the most widely used legal method to overcome the obstacles facing Syrian citizens in owning real estate in Turkey.
Documents required to establish a company with the aim of purchasing real estate in Turkey
The process of establishing a company in Turkey requires many official documents and procedures that must be completed carefully and accurately and among these documents and procedures:
Company incorporation application:
This application includes providing basic information about the company to be established, such as its name and purpose.
Appointing a lawyer to follow up on the procedures:
Appoint a lawyer to follow up and implement legal procedures on your behalf.
Statement of the declaration of incorporation:
An official document containing details of the company’s incorporation.
Company incorporation contract:
A document specifying the legal type of the company and the rights and obligations of the partners.
Two translated and certified copies:
Translated and certified copies of the passport and personal identity of those concerned.
Signature statement from the company owner:
A document proving the authenticity of signatures on documents.
Bank receipts:
A document proving payment of the company establishment fees.
Chamber of Commerce Registration Statement:
A document proving the company’s registration in the commercial registry.
Pledge from the foreign partner:
A document documenting the foreign partner's commitment to adhere to local legislation and regulations.
Tax assignment document:
A document confirming the company's tax registration.
Purchasing the property and registering it in the name of the company:
This option is considered ideal for Syrians to own property in Turkey legally, as the property is purchased and registered in the name of the company.
Are Syrians entitled to obtain Turkish citizenship by purchasing real estate in Turkey?
Unfortunately, Syrians cannot apply for Turkish citizenship by purchasing a property in Turkey, even if they exceed the required basic amount of $400,000 and this is because the owner of the property before the Turkish authorities is the company and not the individual person and since the owner of the company may have a nationality that does not allow him to own real estate in Turkey, the company is considered an entity and citizenship cannot be granted to an entity in Turkey under any circumstances.
Advantages of buying real estate in Turkey
- Turkey has a wide geographical diversity, as you can find properties in large cities, coastal resorts and rural areas.
- Turkey offers affordable real estate prices compared to many European countries.
- Providing attractive programs for investors who wish to obtain Turkish citizenship or permanent residency.
- The Turkish economy reflects growth and stability, making it an attractive place to invest.
- The stability and durability of the real estate market in Turkey make it a safe choice for investment.
- The infrastructure is constantly being improved, which enhances the value of real estate.
- The abundance of real estate projects provides investors with many options.
- Many properties can be found with beautiful landscapes, including sea and mountains.
- Turkish Culture Hospitality is an essential part of tradition, which makes being in Turkey a nice experience.
- Turkey is a multicultural place, bringing diversity and cultural richness.
- The presence of prestigious universities makes Turkey a good stop for international students.
- Property laws in Türkiye are clear and protect the rights of investors.
- The possibility of renting real estate in Turkey quickly and at good prices.
- Property laws in Turkey widely allow foreigners to own real estate.
- Real estate purchases in Turkey are easy and simple.
- Turkey provides integrated services from hospitals to transportation.
- Turkey's location makes it a bridge between continents, which enhances its economic importance.
- Negotiations can be done well in Turkey, especially in cases of cash payment.
- Turkey includes many luxury properties that meet investors' expectations.
- Political stability contributes to making Turkey a safe place to invest.
- Turkey has an advanced health system and high-level hospitals.
- Turkey contains several international airports, making it easy to reach.
- The opportunity to enjoy the wonderful tourist attractions in Turkey.
- Enjoy the rich Turkish traditions and culture.
- The possibility of renting properties to tourists increases the financial return.
- Turkey is considered one of the safe destinations for investment.
- The presence of modern services and amenities in major cities.
- It provides the possibility of obtaining permanent residency through real estate investment.
- Facilitated tax procedures for international investors.
In conclusion, it is clear that although there are many exciting advantages and opportunities for Syrians to purchase property in Turkey, there are challenges ahead of them, as real estate ownership policies in Turkey promote foreign investments and provide opportunities for Syrians to realize their real estate dreams, however, they should pay attention to local laws and regulations and check all related legal procedures carefully.
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