BUYING PROPERTY AS A FOREIGN COMPANY IN TURKEY

A foreign company is a company which is not formed in Turkey but in a foreign country in accordance with that country's local laws. It is different than a company formed in Turkey with foreign shareholders.

Foreign companies can also acquire property in Turkey, but this is a lengthy process and only achievable in the event of some special projects such as concessions, public-private partnerships (PPPs) or larger real estate investments. In some cases, the home country regulations of the investor may be more suitable for acquisition of property in the name of a foreign company. In such a case this acquisition method can be used.

If you are a professional investor, then the best solution could be forming a company. If you are a private investor or just looking for a flat to enjoy some time in Turkey, then a feasible way of doing this could be buying the property with your personal account. If the question is raised by a multinational company that does not want to make a company in Turkey but instead keep the ownership under its original company, then the issue becomes a complex matter. However, it is still possible that a foreign company can buy a property in Turkey, given that the circumstances and the terms of purchase are in line with the legislation explained above.