<p class="ql-align-justify">The Turkish Citizenship Law which allows citizenship through investments have been in effect for some time. Those who consider citizenship through investment needs to stay updated on the current laws and regulations. While the end of the year approaches it was announced that the 2019/5 circular numbered of the Turkish Citizenship Law will have some important changes to take effect in 1/1/2023.</p><h2 class="ql-align-justify"><strong>Changes in Preliminary Contracts for Sale</strong></h2><p class="ql-align-justify">After 1/1/2023, the preliminary contract for sale of real estates should be done with a single contract. With this law, if there is more than one preliminary contract for sale for multiple non movables the investors can’t be able to apply for Turkish citizenship even if the cost exceeds 400 thousand USD.</p><p class="ql-align-justify">The properties which were bought through preliminary contracts can’t be merged with other non-movables to reach the 400 thousand USD quota.</p><h2 class="ql-align-justify"><strong>Changes in the Real Estates Sales with Shares</strong></h2><p class="ql-align-justify">The investors can’t be able to apply for citizenship with acquisition of the real estate through shares. For example, even if two foreign investors acquire a real estate through an evenly split shares which is worth 900 thousand USD, they won’t be able to apply for the Turkish citizenship. For each of the non-movable, there will be only one property owner and only one of the foreign investors will be able to apply for the citizenship.</p><h2 class="ql-align-justify"><strong>Changes in Sales with Foreign Currency</strong></h2><p class="ql-align-justify">The purchase with foreign currency document will have to be arranged according to the minimum down payment and until the contract date of issue of the preliminary contract for sale.</p><h2 class="ql-align-justify"><strong>Some Other Important Changes</strong></h2><p class="ql-align-justify">After 1/1/2023, the secure payment methods offered by banks are allowed optionally while transferring money for the real estate purchases. With this change, it was announced that payments with the certified checks are able to be used.</p><p class="ql-align-justify">The second-hand properties that are acquired or preliminary contracts done can’t be those which were transferred to a Turkish citizen or company by a foreign individual within 3 years. The acquisitions that are due to the contracts for work and labor are excluded from this article.</p><p class="ql-align-justify"><a href="http://www.mfy-partners.com/" rel="noopener noreferrer" target="_blank"><strong>MFY Partners Law Firm</strong></a> lawyers</p>

A new regulation was made on obtaining citizenship by purchasing real estate in Turkey. Check out our blog content for details.

Important Changes in Citizenship via Investment in Turkey 2023

Important Changes in Citizenship via Investment in Turkey

Bayraktar Kizilelma: Turkiye’s First Unmanned Fighter Jet

<p>Royal White Property is an international real estate consulting firm for investors. As Royal White Property, we combine our experience and knowledge together with our expert team to ensure that our valued customers make the right decision for their investments. This way, we provide services beyond the expectations by safely creating valuable investments for the future.</p><p>Royal White Property has helped almost 500 clients from 10+ countries invest in over 100+ properties in Turkey. During this time we’ve grown in size and scope. You’ll find our offices Turkey, London, NY and Miami. But one thing has remained constant: Royal White Property’s dedication and passion for property consultancy in Turkey remains at the heart of everything we do, allowing us to exceed our clients’ expectations time and again.</p><p>Mr. M. Furkan Yüce provides his experties in real estate market. He has 7 years experience in the real estate market.</p><h2><strong>1. We Care About Customer Satisfaction</strong></h2><p><br></p><p> We bring the investment opportunities in Turkey together with our valued customers. We guide our customers in their investments for their future with our experience and ensure that they have trouble free experience with their investments. With our bargaining power in the real estate industry, we guarantee our customers affordable prices and conditions by offering unique investment opportunities.</p><h2><strong>2. We Appraise Your Investments in the Best Possible Way</strong></h2><p><br></p><p> We plan every international real estate investment to be made by our customers in accordance with their expectations and we carefully search the real estate market.&nbsp;We guide our customers step by step to make their investments correctly and risk-free and provide them the investment opportunities they will be satisfied. In short, we are working to increase your profits by appraising your investments in the best way.</p><h2><strong>3. We Appeal to Every Segment</strong></h2><p><br></p><p> With our suitable and flexible real estate solutions, we appeal to every segment of the society for their international real estate investments. We offer lasting and well-set real estate options to our customers with appropriate financing options. We work in a systematic order to meet the expectations of our customers from all walks of life.</p><h2><strong>4. Our Expert Staff Strives for the Best</strong></h2><p><br></p><p> For more than 5 years, we offer various legal support to our customers with our team of experienced lawyers who have meticulously examined every aspect of international property investment and evaluated the dynamics of the industry in all aspects. We are a member of the London-based "International Bar Association". We always target the best with the leadership of our founder, Attorney M. Furkan Yüce, who is also a member of the Legislative Regulations Committee of GYODER, Turkey’s largest Real Estate Investment Platform (Real Estate and Real Estate Investment Partnership Association).</p><h2><strong>5. We Care for Reliability</strong></h2><p><br></p><p> We pay great attention to our credibility in Turkish real estate sector. We are growing in the international real estate investments and realizing the dreams of our customers all over the world. We offer high quality services, with a special emphasis on accuracy. With our hundreds of investors, we aim to keep our name at the top by being among the most reliable and preferred companies in the industry.</p><h2><strong>6. We Aim for Endless Growth</strong></h2><p><br></p><p> We are working diligently every day to present our passion for real estate to the world and to be a pioneer in international real estate investments. Our efforts for endless growth enable us to produce more effectively and efficiently. We follow the latest developments in the international real estate investment market, and we always strive to be innovative in our business in the light of this information.</p><h2><strong>MESSAGE FROM THE CHAIRMAN</strong></h2><p><br></p><p> Royal White Property is an international real estate consulting firm for investors. We maintain our independence and can focus on securing you the best possible terms. We know you’re not just buying bricks and mortars but making an investment into your lifestyle. From first contact to rental management, we’ll be by your side to guide and assist you.</p><p>Lawyer M. Furkan Yüce / Royal White Property</p><p>We are partners with MFY Partners Law Firm that oversees and advises us in all of our legal process. ( MFY PARTNERS Logo with Law Firm )</p><p><br></p><p><img src="/storage/blogs/rw1.jpg" alt="Suitable for Turkish Citizenship">&nbsp;</p>

Royal White Property is an international real estate consulting firm in London and Turkey with +7 years experience in the real estate market.

Why Royal White Property? | Real Estate Consulting Firm

Why Royal White Property?

<p>For many previous immigrants, buying a Turkish car is just a viable option. Foreigners with valid residency and licenses should be able to purchase new or used Turkish cars from dealers or in-person relatively easily. Due to the legality and paperwork involved, if you do not have sufficient language skills, a trusted Turkish speaker will assist you. In Turkey, there is the purchasing of most brands and models of cars.</p><h2><strong>Why You Should Buy a Car</strong></h2><p>Big dealers are often in large cities, so go to these big cities for reasonable car prices. Keep in mind that luxury cars and parts imported to Turkey are expensive and often hard to find. Most foreigners choose to buy Renault, Ford, Fiat, Darcy to keep operating costs minimum.</p><p>After finding your car, you need to use your name to register documents legally. If you bought it from a retailer, they would guide you through the whole process. If you buy privately, you need to get legally transfer documents and prove your documents.</p><p>You need to check the vehicle to confirm that there should be no outstanding debts. Besides, you need to ensure that all required state insurance and taxes are up to date.</p><p>Note: Turkish laws change frequently. This information was accurate at the time of publication. Please use this information as a suggestion only, and look for the correct information at this time.</p>

Buying a Turkish car is just a viable option. Foreigners with valid residency & licenses should be able to purchase new or used Turkish cars from dealers

Buying a Turkish car | Royal White Property

Buying a Turkish car

<p>Turkey has fascinated foreign investment due to its exclusive trading location between Europe Asia and the Middle East for many years. Turkey is known globally as a country of substantial importance, meaning many international, public companies and organizations that choose to open offices in and around Turkey's major cities. The majority of these bigger companies base themselves in Ankara and Istanbul with the odd offices on the coast.</p><h2><strong>So, How Do You Set Up A Business In Turkey? </strong></h2><p>If you are looking for setting up any business in Turkey, there are a lot of options available, though you should first have to make sure you pursue some solid legal advice and do your research with the pertinent authorities.</p><p>Cooperative companies, comandante companies, joint-stock companies, liaison offices, and the set- up of a branch of a present foreign company are all options that foreigners can consider.</p><p>Then having researched for needs of our readership, and for this article, we are directing on the relatively more manageable and easy set up of a private limited company.</p><h2><strong><em>Can Foreigners Run A Private Limited Company In Turkey? </em></strong></h2><p>Yes, undoubtedly, a private limited company can be set up by more than two or two non-Turkish nationals.</p><h2><strong><em>Where Can I Seek Advice on Setting Up a Business in Turkey? </em></strong></h2><p>The first harbor of call for many is their lawyer. Make sure to employ the services of an excellent legal advisor who has previously helped ex-pats set up successful businesses and knows company laws in Turkey. Moreover, the following all have up to date and current information and are the roots of much of the information confined in this articl,:</p><ul><li>British Chamber of Commerce Turkey (BCCT)</li><li>The Turkish Embassy&nbsp;</li><li>The Turkish British Chamber of Commerce and Industry (TBCCI)</li></ul><h2><strong><em>Is It Best To Use a Company Formation Agent? </em></strong></h2><p>Likewise, U.K., there is an emerging number of the company formation agents publicity services in the local press that found in most cities and towns. Several emigrants do choose to go down this route as by meeting the right agent, you can save hassle and time.</p><p>If you are thinking about using one, make sure you research and find them out first what other ex-pat companies they have helped set up. By way Of everything, some of these companies are much better than others.</p><h2><strong>What Businesses Can a Foreigner Set Up In Turkey? </strong></h2><p>Most emigrants tend to set up businesses that are in some way associated with tourism or servicing the needs of further expatriates. Restaurants, bars, hotels, shops, estate agencies, maintenance companies, holiday letting companies, etc. seem to be the norm and are usually easy for foreigners to run and organize.</p><p>There are a lot of businesses that foreigners cannot open in Turkey without preceding approval by the Ministry of Industry and commerce. These include factoring, banks, foreign currency exchange offices, private financial institutions, companies subject to Capital Markets Law, operators of free-trade zones, and public warehousing.</p><h2>What Are The Costs of Setting Up a Turkish Limited Liability Company?</h2><p>Costs of business and legalities setups in Turkey differ from the U.K. and mostly from other countries. A private limited company costs a sum of 5000TL to set up, with 25% of this have to be paid for 3 months from the date of creation and remaining within 3 years. Having set up the company, the directors should register the business with the local trade registry and tax office.</p><h2><strong><em>How Long Does a Limited Company Take To Set Up? </em></strong></h2><p>Amazingly, a limited company can take only 24 hours to set up, provided with all the necessary paperwork is finished to the satisfaction of the Trade Registry. It can take a long time if you are not organized.</p><h2><strong><em>What Is The Setup Process? </em></strong></h2><p>For foreigners, the Articles of Association should be drawn up conform to the rules and legally laid out in Article 279 of the Turkish Commercial Code. The document needs to be signed and written by the business's making members and include the phrase "limited" between the company's transaction name.</p><p>Organizers need to state their full names, nationality, addresses, surnames and trading addresses. It is to officially translated and notarized where necessary.</p><h2>Trade Names Laws Of Turkey</h2><p>You must use an original trading name that has not yet been used and registered by anyone or any company before in order not to create confusion for any third party. Some specific words cannot be used before special approval of the Turkish Council of Ministers like "Turkiye, Milli, Cumhuriyet, and Turk." If there is any foreign word or title in the name, it should not collide with any local law or culture.</p><h2>Registration Of Your Turkish Company With The Trade Registry Office</h2><p>All major cities of Turkey and most of the towns have offices of The Turkish Chamber of Commerce. After completing your Articles of Association, get them officially notarized. Then within 15 days, contact them to make them organize the official trade registry for you.</p><p>Make sure you have completed the following requirements.</p><ul><li>Filled company registration form</li><li>Your request in written form/ application</li><li>Any proof or information confirming you are(one of) pioneer member</li><li>A letter of commitment clearly showing that you are liable to follow Article 29 of The Trade Registry Regulations</li><li>Receipt of payment&nbsp;compulsory to be&nbsp;deposited in the Customers Fund Account&nbsp;which is usually 1/1000 of the company's capital</li></ul><p>This may sound a bit overworking, but if you have some homework regarding legal knowledge and have appropriate command on the Turkish language, it will save you from any type of confusion and unnecessary delays in the process. If you are not much familiar with the Turkish language, it will be best to have a native speaker with you.&nbsp;Once you get registered, you can start your trading and business.</p><h2>Tax Payments</h2><p>Any private company doing business in Turkey is liable to pay full tax on all its profits earned. Besides this, you will have to acquire the services of an accountant. Do consider that accountants in Turkey operate differently from the U.K. and usually charge a monthly fee that may be quite costly in some cases.</p><p>However, there is a regular change in laws and taxes, so keeping in hand a good accountant will be a wise step when you make your setup in Turkey.</p><h2>Do Proper Homework</h2><p>When you plan to do business in Turkey, make sure to do all the necessary research before you start anything. Get valuable opinions of other ex-pats in industry. You much are in approach to a lawyer and an accountant that can analyze the feasibility of your project.</p><p>You will have to keep in mind the risk factors to be ready for them. Believe in your self and your project once you have given all your best to frame it out.</p><h2>Outline Your Business Plan</h2><p>Be clear about your goals and determine your focusing areas before you start anything practically. Do your homework regarding your expenditures and look into the places you will have to invest, e.g., marketing, accountant fees, employees' size structure,&nbsp;taxes, etc. You may not be asked to present any business plan informally. Still, if you do this research and preparation, it will help you to remain focused and monitor your ongoing progress and future projections.&nbsp;</p><h2>Language Barriers</h2><p>All the procedures and documentation for the business set up will be in the Turkish language. If you are good enough in the literature, that will be great, otherwise getting the services of a reliable&nbsp;Turkish speaker will be a wise decision that will save you from confusion and misleading problems.</p><p>We are partners with MFY Partners Law Firm that oversees and advises us in all of our legal process. ( MFY Partners Logo ) <a href="http://www.mfy-partners.com" rel="noopener noreferrer" target="_blank">www.mfy-partners.com</a></p>

How do you set up a business in Turkey? If you are looking for setting up any business in Turkey, there are a lot of options available. Read the most important

How to Setup Business in Turkey | Royal White Property

How to Setup Business in Turkey

<h2>Retire To Low Cost Of Living In Turkey</h2><p>If you are looking to retire overseas, perhaps invest in a home abroad, then you should look south-east Mediterranean, south, Turkey to be an exact location. Turkey has made huge developments in the last twenty years and also has become a fierce contestant for your retirement deliberation.</p><p>Turkey is an excellent place for your new investments, with their upcoming and future tourism, the least cost of living, openness to the international buyers. Turkey is very vastly becoming a new favorite place to be purchase as a second home, retire too, or go on a holiday. Let us debate some of Turkey’s strong points, why it is emerging as the world’s leading place to purchase a home overseas.</p><p><strong>Turkey has a beautiful combination </strong>of different things, including contemporary amenities, natural beaches, and historical cities. Turkey is the most favorite holiday terminus for as many European citizens. This country has beautiful and attractive sites, which would be an astonishing real estate investment for anybody looking. It is a desirable and welcome location for Mediterranean property relative to the over-crowded states like Italy, or Spain.</p><p><strong>Nowadays, Turkey has become a jewel in the world for real estate investment </strong>because of its low-interest rates and real estate prices, the moneymaking option, and a high resale market for investment properties. Meanwhile, the markets have made accessible to foreign investors. Many cities have seen a fast increase in overseas purchase rushing values in this developing market as well.</p><p>Typically, Russian, British, and Germans are buying up retirement and holiday homes in the Mediterranean, Aegean coastal areas of the country. The consent into the EU will only drive higher prices as it has done for different member countries, so many citizens and foreigners are buying property now while the prices are still affordable. Turkey is making new high rises, beautiful villas, and commercial spaces.</p><p><em>You can also select to purchase land by a local real estate company, postponing your construction for a year though you spin down your present life.</em></p><p><strong>Turkey offers a very exclusive landscape that is </strong>enclosed by several varied climates and several seas, allowing you to select the property which best suits your budget and desires. You will be able to pair your perfect property with the activities and hobbies at your bucket list, providing you the opportunity to enjoy the retirement days which you always desired fully.</p><p><strong>The country offers a low-cost living </strong>for retired emigrants who have bought a home in the sun and moved overseas.</p><p>As an example, a retired couple on say £2,000 per month pension income get from the UK. Let us undertake that they are letting their home overseas. In Spain, Madrid to live restfully, the couple will need about £2,440 per month, so their UK pension that will be subject to Spanish taxes, it will not be enough for a comfortable life. They will have to make concessions.</p><p>This couple will need £1,200 per month to reach the same comfort in say Istanbul, Turkey, perhaps less on the south coast of Turkey. Additionally, their UK pension will not be taxed in Turkey, so their net throwaway income in Turkey will be greater than in Spain to start with. Consequently, £2,000 net from the UK will provide a luxury life in Turkey while it will fail to provide a comfortable living in Spain.</p><h2>Low Cost Of Living In Turkey Is Due To Many Factors Is Due To Different Factors</h2><p>Primarily, since Turkey is still struggling to get EU membership, it is considered as an outsider, it is not included in the EU zone. This is advantageous because it doesn’t matter if Turkey will be included in the EU but rather when.</p><p>This is a matter of advantage for external buyers because, you can get your money last longer and extend further, then with the ease of knowing that your asset will see a prominent value increase for once</p><p>European Union membership is finalized, could be 5 to 10years away though, it is most probably to happen.</p><p>Additionally, Turkey still grips to its roots, currently focusing on local workers with reasonable prices. Turkey has therefore achieved to avoid mega providers that drive prices up when they reach. Eateries, Family operated and local bakeries, and other necessities help to confirm that you will always find extraordinary value and great prices.</p><p><em>Turkey has been violent by extending tourist visas for foreign property owners and interest rates.</em></p><p>Consequently, when you choose to continue a residence in your present country, you will still be able to relish long periods in Turkey, although not being limited by short immigration durations.</p><p>Don’t worry about having to choose a small rural town to get these outstanding prices as you would in most of the countries. While you may see advanced early purchase prices in Turkey’s main urban locations, you will still be pleasingly surprised at how reasonable real estate and cost of living are.</p><p>&nbsp;</p><h2><strong>Comparisons Spain versus Turkey Cost of Living</strong></h2><p>We have equated a typical shopping basket for a non-native family in Istanbul, Turkey, to one in Spain, Madrid. We additionally added some exceptional items as well, such as home insurance, dental fees, property prices, and home rentals.</p><p><br></p><h2><strong>Overall The Following Pattern Arises </strong></h2><ol><li><strong>Rent Prices </strong>for Madrid are 133.61% greater as compared to Istanbul</li><li><strong>Grocery Prices </strong>for Madrid are 51.13% greater as compared to Istanbul</li><li><strong>Consumer Prices </strong>for Madrid are 45.75% greater as compared to Istanbul</li><li><strong>Consumer Prices Including Rent </strong>for Madrid are 65.42% greater as compared to Istanbul</li></ol><p>&nbsp;</p><ol><li><strong>Restaurant Prices </strong>for Madrid are 91.52% greater as compared to Istanbul</li><li><strong>Local Purchasing Power </strong>for Madrid is only 12.75% greater as compared to Istanbul</li></ol><p>Seeing that local buying power in Madrid is only about 12.75% greater as compared to Istanbul, it means the cost of living in Istanbul, Turkey is about half compared to Madrid, Spain.</p><p><strong><em>Notes </em></strong></p><p>All of the household items and consumers, Spain is meaningfully more exclusive than Turkey, excluding for gas and alcohol.</p><ol><li>+ 200% means three times, expensive and</li><li>+ 100% means twice, expensive&nbsp;</li></ol><p>As an example, property, bread, and coke are nearly three times more expensive to buy in Madrid, Spain, as compared to Istanbul, Turkey.</p>

If you are looking to retire overseas, perhaps invest in a home abroad, then you should look south-east Mediterranean, Turkey to be an exact location.

Retire To Low-Cost of Living Turkey | Royal White Property

Living In Turkey

<p>Can I take my pet to Turkey moreover, what are the necessary documents for this?</p>

<p>Yes, dogs, cats, and birds can be brought to Turkey from abroad as long as you have all the necessary documents and specify all vaccinations. A certificate and international health certificate must be issued 15 days before the flight to vaccinate the pet against rabies.</p>

<p>You will also need to provide your ID (or pet passport) and a written statement from an approved and certified veterinarian at least 3 months ago. Adopted pets have not to undergo the quarantine period in Turkey.</p>

<h2>How to Bring Pets to Turkey?</h2>

<p>The help of a pet carrying company</p>

<p>Several companies organize the transportation of animals from the UK to Turkey. Of course, these are worth considering, because it can save a lot of trouble, can guide you through the entire process, and many airlines are only to check your pet with authorized agents. One of the most popular pets is Pets Away UK.</p>

<h2>Do Proper Paperwork Before Booking a Flight</h2>

<p>Before considering the idea of ​​bringing your pet to Turkey, please make sure that the airline lets you do so.</p>

<p>Many airlines, including Turkish Airlines, allow small pets to accompany them, depending on size and weight.</p>

<h2>Pet Vaccination</h2>

<p>Confirm in advance the required vaccinations (usually rabies, and possibly other vaccinations), and within 15 days before bringing your pet into the flight, you can get all the needed treatments.</p>

Can I take my pet to Turkey moreover, what are the necessary documents for this? Yes, dogs, cats, and birds can be brought to Turkey from abroad