Real Estate in Turkey FAQ About Ownership in Turkey | Página 2

3. In the tax directorate, they will enter your data into the system and give you a card with
a tax number of your own on it.
Q4: Is it possible in Turkey to buy a property bankrolled by an Islamic bank, as is the case in
the Gulf States?
Yes, it is possible if the bank in your country accepts to buy the property and then pays in
installments to the owner in Turkey.
Q5: How many properties can I own? What is the minimum period in which I can own a
property in Turkey?
For the citizens of the Arab Gulf countries, the number of properties is unlimited. Moreover,
more than one person can own the same property.
Concerning the period, on average, after choosing the right property, the purchase process does
not take more than 3 days, yet the transfer of the ownership to the buyer needs two months at
most.
Q6: What are the official documents that I have to bring with me from my country in order to
own in Turkey?
Only your passport.
Q7: Do I need a visa to enter Turkey? How long does the Turkish visa last?
Yes, you do. You can get a visa either at the airport or when you go to the Embassy of the
Republic of Turkey in your country.
The visa lasts for three, subject to renewal, months. Moreover, you can get a six-month
residence permit, which is also subject to renewal.
Q8: After I enter Turkey, do I have to go to the security office to get an official residence
permission? After I own the property, what about my residency in Turkey?
If you are planning to buy a property immediately, there is no need to get an official residence
permit because you can get a two-year, subject to renewal, residence permit after owning the
property, and that would be for you and for each of your family (Wife and children aged under
18 years). However, if you stay more than three months and you did not buy a property, you can
get a six-month, subject to renewal, residence permit.
Q9: What are the bank means to transfer money from my country to Turkey? Are there any
participation banks between the Gulf States and Turkey to facilitate the transfer of money?
You may open an account at any Turkish bank very easily and then transfer money. You also
may open an account at any Gulf Turkish participation bank such as the Kuwait Turkish
Participation Bank (Kuveyt Türk Participation Bank) or in its branches such as Kuwait Finance
Bank in Kuwait, and then you may ask for money as if you are in your home country.
Q10: What is the average price of a property in Turkey? Is there any installments system?