Buying a property in Türkiye for Syrians

Buying a property in Turkey for Syrians is one of the most controversial matters, because Turkish law prevents Syrians from directly owning a Turkish property, but it allows them to own according to certain methods that we will explain in this article in detail.

Where we will mention to you how you as a Syrian person can buy a property in one of the Turkish states legally, in addition to mentioning the steps to buy a property, and at the end of the article, we will give you an overview of the advantages that you will enjoy once you buy a property in Turkey.

Skyline Real Estate wishes you a good follow-up.

What are the ways to buy a property in Turkey for Syrians?

Due to the increasing number of Syrians in Turkey and the desire of many of them to own property to get rid of the burden of rent on the one hand, and to enjoy the advantages of life in Turkey on the other hand, they are allowed to own real estate by following one of the following methods:

The first method: establishing a company

This option allows Syrians to own property in easy steps.

When any Syrian citizen establishes a company in Turkey, under a license issued by the Turkish government, the company obtains a legal personality, allowing its owner to own its name and practice commercial, industrial and agricultural activities without restrictions, and this has increased Syrian investment in Turkey.

But the compatibility of the property in its price and area must be taken into account with the size of the company and its capital.

It is worth noting that establishing a company with the aim of owning real estate in Turkey does not require much time and effort, as the daily procedures can end within only two days, and then the Syrian investor obtains the tax number and the commercial register, and opens a bank account in the name of the company.

Documents required to establish a company:

The first thing you have to do is to apply for establishing a company, and provide a set of papers that are extracted with the help of law firms and specialized services, which are as follows:

• Application for establishing a company.
• Power of attorney for the lawyer to follow up the procedures.
• Statement of Incorporation.
• Memorandum of Association of the company.
• Two copies of the passport and ID card duly translated and certified.
• Statement of signature by the owner of the company.
• Certified copies of other foreign documents (if any).
• Bank receipts.
• Chamber of Commerce registration statement.
• Tax assignment document.

Stages of establishing the company:

We can summarize the stages of establishing a company in Turkey in the following stages:

1. The owner of the company meets with the chartered accountant in order to agree and lay the foundations on which the company will work, where the chartered accountant provides a set of legal advice that avoids the owner of the company falling into problems and violations.
2. The company's memorandum of association is signed and the owner's authority and identity are clarified, as well as the authority of the employees and the company's activities.
3. The company is registered with the tax department, and a company tax number is obtained, thus becoming an independent entity.
4. Opening an account in a Turkish bank and depositing a capital of at least 1000 TL.
5. Finally the signature in the presence of a notary.

Read also:

Esenyurt area in Istanbul - the adequate guide

Umraniye area in Istanbul

The second way: owning the name of a Turkish citizen

This method is considered one of the most prominent ways to buy a property in Turkey for Syrians, with the need to follow some procedures that can be applied to ensure the rights of all parties, such as placing a mortgage sign on the property in favor of the Syrian partner.

The difficulty of this method lies in finding a reliable Turkish partner, with whom a partnership contract is signed and the rights of each party are explicitly and clearly clarified.

It should be noted here that there is already a large group of Syrians residing in Turkey, who have been able to solve the equation of buying Turkish real estate through this legitimate method.

The third way: obtaining Turkish citizenship

In 2018, the Turkish government issued a decision allowing foreign investors to obtain Turkish citizenship, through many options such as:

• Buying a property worth at least USD 250,000, and not selling it for three years. (Of course, this method does not include Syrians, because the property cannot be registered in the name of the Syrian investor directly).
• Fixed investment of at least 500,000 USD.
• Providing a job opportunity for at least fifty Turkish citizens.
• Deposit USD 500,000 in Turkish banks.

By following one of these methods and obtaining Turkish citizenship, buying a property in Turkey for Syrians becomes possible, as he has the right to buy real estate like any Turkish citizen.

Fourth way: having another nationality

Since foreigners in Turkey are entitled to own real estate, it is very easy for any Syrian citizen with a foreign nationality to buy a property in Turkey, and thus obtain all the privileges of real estate ownership in Turkey.

What are the steps to buy a property in Turkey?

After choosing your path enables you to buy a property in Turkey as a Syrian citizen residing on Turkish territory, you should know that the real estate buying process goes through the following steps:

1. Communicate with a real estate consultant, who in turn draws the roadmap for the buyer in order to deliver him towards his goal, whether it is housing, investment, or Turkish citizenship, where the customer is informed about real estate laws, in addition to taxes and expenses, as well as explaining to him the nature of the Turkish real estate market, and the most appropriate times to own.
2. Agree with the consultant on a date to conduct a real estate tour of the properties that you liked through photos, in order to see them on the ground.
3. Extracting a real estate appraisal document that determines the real legal price of the property, thus protecting you from real estate fraud.
4. Write the contract in Turkish and Arabic if you are not sufficiently familiar with Turkish.
5. Signing the two copies of the contract and certifying it with the notary "Turkish notary" in order to obtain legal status.
6. Pay the price of the property to the seller in the manner agreed upon in the contract.
7. Obtaining the real estate title deed by going to the Land Title Registry Directorate and transferring the ownership of the property from the seller's name to your name.

What are the advantages of owning a property in Turkey?

Buying a property in Turkey will open the door for you to enjoy many advantages, the most important of which are:

• Buying a property in Turkey for Syrians allows them to obtain real estate residency.
• The possibility of applying for Turkish citizenship, and the Turkish passport that allows you to travel to many countries of the world without a visa.
• Ensuring a guaranteed and continuous financial return, in addition to increasing the value of the capital, or increasing the value of the property whenever the period of time lasts.
• Providing the opportunity for your children to study in internationally recognized Turkish universities, in addition to the availability of international schools in various languages.
• The cost of living in Turkey is relatively low compared to its counterparts with high quality and strong infrastructure.
• The Turkish environment is conservative and close to Eastern and Arab customs.

Read also:

The difference between Asian and European Istanbul

Beyazit Street in Turkey is one of the finest streets in Istanbul

Here ends the Skyline Real Estate article on how to buy a property in Turkey for Syrians by explaining the four possible ways, in addition to explaining the steps and advantages of buying real estate in Turkey.