Explained the bad clauses in the contract, and their possible consequences. Thank you for your amazing job, your professionalism, your consultation and honesty. You showed me from your experience how it can be done differently. On the internet and began working with Ariel in late November 2021.

While many brokers and agents push clients to the real estate investment route clients are well advised to think through their choice of citizenship carefully. Because agents generally earn no commissions or fees in Turkish Citizenship by bank deposit case this option is seldom properly explained to clients. Until recently applicants were able to make a qualifying deposit in USD deposit in a major international bank with the ability to reclaim their capital at any time, thereby avoiding foreign exchange and real estate fluctuation risks.

Why Should I Work with a Law Firm?

Please visit our Clients section to see the list of some of our corporate clients that we work together. %4 of the Sales Price of the property shall be paid to Turkish Tax authorities as a property purchase tax when buying or selling the Property in Turkey. Albeit, in practice this rate is usually divided equally between the Buyer and the Seller, so the tax rate is %2 for each party. With the amendment of Turkish Mergers & Acquisitions in Turkey Citizenship Law No 5091, Turkey grants investors Turkish Citizenships by making an eligible investment in Turkey the conditions of which are also stipulated by law. We confirm that Turkey Citizenship by Investment program allows the investors/main applicants to invest into multiple properties/units, provided that the total amounts exceed $400k USD, you can proceed with the ownership of multiple properties.

In order to cater to those foreign individuals and companies holding business in Turkey need guidance a consolation before every step they take. Hence, we provide legal advice to our clients from all across the world. We also guide individuals when it comes to investing, and we do it by estimating the economic stature of an individual. Our constant consultancy service has been designed to fit patrons from all over the world; thus, there are many packages where you can choose from a few such includes. It is possible to change the currency or type of investment which is mentioned in Regulation (such as purchasing a real estate investment fund share and capital investment trusts fund share with a minimum value of $500.000). However, in the case of shifting the amount to another investment type, such a process should be instantaneous and there should not be any interruption for three years period.

Turkish Lawyers Urge Cancellation of Cash

When the immovable sale is conducted, it is necessary to affix an addendum “not to sell the immovable for three years” to the land registry records. When the Regulation first started to be implemented, the Ministry of Environment and Urbanism wanted this addendum “not to sell the immovable for three years” to be affixed right at the moment of purchase of the immovable. A truly incredible development and one which brings me deep joy. We were in a devastating situation when my wife received an order from the immigration office to leave Israel within 30 days, without any explanation, after we have been married and in the process for six and a half years. We contacted Mr. Pex and he was ready to help us when he heard of our situation. Joshua Pex was both an amazing human being and an inspiring human rights attorney.

Ekiz Law is a young and boutique law firm based in Istanbul, Turkey. We provide legal consultancy to our local and foreigner clients on trade,… Turkish law regarding acquisition of citizenship has recently been updated .

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