Q: Can foreign companies buy property in Turkey?
• A: Yes, foreign investment companies are allowed, according to the 4875 numbered Code of Foreign Direct Investors law to make foreign direct investments in Turkey and have equal rights with domestic investors. Your company however, can own property in Turkey only if your country has a reciprocal agreement with Turkey. That means that the people of those nations that permit Turkish citizens to buy and own in their countries, can in return, buy and own property in Turkey. Sato Propertycan help you or your firm with the process of buying here in Alanya and its surrounding districts. We’ve gone through the legalities and actual acquisition process many times before and we think you will find our expertise in this regard quite valuable.
Q: Can my company establish an investment company in Turkey?
• A: Yes, your existing company can establish an investment company in Turkey. If you would like to invest in Turkish real estate market in a professional capacity, then Sato Propertyis your answer. We can help you with the process.
Q: Are there any restrictions for foreigners purchasing in Turkey?
• A: Only in rural areas and military zones. In the developments that they promote there’s no restrictions imposed.
Q: Will the property be freehold?
• A: Yes all properties sold in Turkey are “freehold”.
Q: Why should I use a real estate agent?
• A: Going through an established company like ours has several advantages: first, you will get to see a variety of properties from top developers that match your criteria ; second: you will have the benefit from our experience and a fully staffed office to support you before and after your real estate purchase.
Q: What legal representation should I have when purchasing a property in Turkey?
• A: Under Turkish Law, no legal representation is necessary when purchasing or selling a property in Turkey as all documentation issued by the Land Registry Office are legally binding in their own right.
Q: Who can buy property in Turkey?
• A: Turkey has a reciprocal agreement for the acquisition of land and property with lots of countries. This means that the people of these nations that permit Turks to buy land in their countries, can in return, buy land in Turkey. Foreigners may purchase in their own name if the property is outside military zones. Based on these agreements, the citizens of Andorra, Argentina, Australia, Austria, Bahamas, Bahrein, Bangladesh, Barbados, Belgium, Belize, Benin, Bolivia, Bosnia-Herzogovina, Botswana, Brazil, Cameroon, Canada, Cape-Verde, Central African Republic, Chile, Colombia, Costa Rica, Cote D’ivoire, Croatia, Denmark, Dominic Republic, Ecuador, El Salvador, Estonia, Finland, France, Gabon, Germany, Ghana, Guinea, Grenada, Guetamala, Guyana, Haiti, Honduras, Hungary, Ireland, Israel, Italy, Jamaica, Japan, South Korea, Latvia, Liechtenstein,Lithuania, Luxembourg, Malawi, Malaysia, Mali, Malta, Mauritania, Mauritius, Mexico, Monaco, Mozambique, The Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Panama, Paraguay, Peru, Philippines, Poland, Portugal, San Marino, Senegal, Serbia-Montenegro, Singapore, Somalia, South Africa, Spain, Sweden, Switzerland, Tanzania, Turkish Republic of Northern Cyprus, United States of America, United Kingdom, Uruguay and Venezuela can purchase real-estate from Turkey without any restrictions. Syria, Armenia, and North Korea are excluded from the list of countries being able to purchase real-estate unconditionally.
Q: How will I set up Utility Services – Gas, Electricity, Phone?
• A: As part of the purchasing process we will assist you with setting up and servicing all your utility accounts. Phone and Internet services are offered to non-nationals who obtain residence permit in Turkey. Mobile rings with ‘Pay As You Go Cards’ are also available.
Turkey has a liberal investment climate that includes free (international) movement of capital, profits, dividends and salaries.