Choosing the Right Bank in Turkey: A Guide for Foreigners Choosing the Right Bank in Turkey and Opening a Turkish Bank Account as a Foreigner can be a daunting task, but it's a crucial step if you plan to live, work, or do business in this vibrant country. In this guide, we'll walk you through the process, from the importance of having a local bank account to the detailed steps on how to open one. Let's...
Obtaining a Tax Number in Turkey as a Foreigner If you are planning to live or invest in Turkey, obtaining a tax number in Turkey is a crucial step in the process. This ten-digit identification, known as the Vergi Numarasi, plays a vital role in numerous activities, from buying a car to paying taxes and settling in the country. In this guide, we'll walk you through the hassle-free process of obtaining...
Understanding the Real Estate Valuation Report in Turkey The real estate valuation report (Gayrimenkul Değerleme Raporu) is a crucial document in Turkey that both real estate buyers and sellers must be familiar with. This process plays a key role in determining the value of a property. Given the recent surge in the Turkish property market and the substantial influx of foreign buyers,...
Reasons to Make Turkey Your Home Let's explore why Turkey is a sought-after destination for ex-pats and digital nomads. These are the reasons to make Turkey your home: Turkish Citizenship Simplification: The process of acquiring Turkish citizenship has been streamlined, allowing for eligibility by purchasing property worth a minimum of USD 400,000. Perfect Climate: Turkey boasts a diverse climate,...
Comparing Turkish Citizenship by Investment Program with Other Countries Investing in foreign countries to obtain a second citizenship has become a strategic move for many individuals. Turkey, standing out as a prime choice, offers a robust Turkish Citizenship by Investment Program. In this article, we'll delve into a comparative analysis of Turkey's program with those of Portugal, the UAE, the Caribbean,...
Turkish Exports Soar to $22.9 Billion, Setting an October Record In a testament to Turkey's economic resilience and strength, October witnessed Turkish exports surge to reach an unprecedented $22.9 billion, a remarkable 7.4% increase compared to the same period last year. Trade Minister Ömer Bolat shared this triumph, emphasizing the nation's steadfast growth amidst challenges. Turkey's Triumph Despite...
Turkey Implements Residence Permit Increases: Minimum Real Estate Investment Raised to $200,000 In a recent development, the Turkish government has implemented significant adjustments to the criteria governing the acquisition of a residence permit through real estate transactions within the country. These revisions particularly impact short-term residence permit increases in Turkey and are applicable to...
Turkey's Pioneer Satellite, Turksat 6A Satellite, to Soar in June 2024 In a remarkable stride for Turkey's space exploration, the Turksat 6A Satellite, the nation's inaugural domestic communication satellite, has triumphantly navigated through all testing phases. A strategic collaboration with SpaceX is set to propel Turksat 6A into the cosmos, with a slated launch in June 2024, as revealed by a...
Alanya's Real Estate Experts In the bustling realm of Turkish real estate, IDEAL Estates stands as a beacon of excellence. Specializing in global tasks from the picturesque city of Alanya, Alanya's Real Estate Experts boast extensive experience in the nuanced world of real estate marketing. With a proven track record, IDEAL Estates brings forth a team of highly qualified professionals. This team...
Understanding the Legal Responsibilities Associated with Real Estate in Turkey Investing in real estate in Turkey has gained immense popularity, thanks to its economic and natural allure. However, this lucrative venture with real estate in Turkey comes with its own set of obligations and legal responsibilities. 1. Property Tax: A Fundamental Obligation Property owners in Turkey are mandated to pay...
