New Short-Term Rental Law Effective January 1st! Turkey, approved by the Turkish Parliament, will implement a groundbreaking short-term rental law on January 1, 2024, reshaping how it manages short-term accommodations and introducing regulations to streamline the process. Approaching the new year, the short-term rental law is set to take effect, marking a significant milestone in Turkish tourism...
Understanding Rental Agreements in Turkey: Do You Need to Renew Your Lease Every Year? Disagreements between landlords and tenants have been on the rise, often revolving around the terms of lease agreements. One common question that arises is whether a new lease agreement needs to be signed every year. Let's delve into the details of understanding rental agreements in Turkey and explore the implications...
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,...
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,...
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...
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...
Navigating the Process of Buying a Car in Turkey as a Foreigner Are you a foreigner in Turkey looking to purchase a car? If you hold a valid resident permit, you're in luck—buying a car in Turkey is a viable option for you. However, understanding the requirements and procedures is crucial to ensure a smooth and hassle-free experience. In this article, we'll guide you through the process of Buying a Car...
New Law-Transforms the Tourism Rental Landscape in Antalya and Alanya In recent news, Antalya and Alanya are witnessing a significant change in the real estate and tourism sectors, thanks to a newly enacted law that regulates the rental of housing for tourism purposes. The impact of this law has garnered attention from industry representatives and is set to transform the way properties are rented for...
Navigating the Road: Current Laws and Regulations for Foreigners Bringing Cars into Turkey Turkey, a country known for its stunning landscapes, rich history, and vibrant culture, is an attractive destination for travelers from all over the world. If you plan to explore this beautiful country in your own vehicle, it's essential to be aware of the laws and regulations governing foreigners...
