Syrians' freehold ownership of real estate in Turkey

It is well known that current Turkish laws do not allow Syrians to own property in Turkey in their personal capacity specifically. Therefore, there are frequent questions about the legal ways that help Syrian investors overcome this obstacle. In the following article, we shed light on the most prominent of these methods.

Ways for Syrians to own property in Turkey

Ownership in the name of a commercial company

The first solution for Syrians to own property in Turkey is to establish a company in Turkey. In this way, the company acquires a legal personality that allows it to own real estate in Turkey.

In this case, the property's price and area must match the size and capital of the company.

This method represents the most prominent legal solution to overcome obstacles in the field of property ownership for Syrians in Turkey.

A Syrian citizen can establish a company without the requirement of having a Turkish partner. Accordingly, the company acquires a Turkish legal personality that enables it to own real estate and conduct commercial, industrial, or agricultural activities without restrictions, which increases the effectiveness of investment by Syrians in Turkey.

Owning property in Turkey for Syrians in the name of a Turkish citizen

Partnership with a trusted Turkish citizen is one of the ways for Syrians to own property in Turkey in accordance with Turkish laws.

The real challenge in this solution is to ensure that the Turkish partner is trustworthy, with the necessity of signing a partnership contract between the two parties that clearly and explicitly defines the rights of each party.

There are additional procedures that can be applied to guarantee the rights of all parties in this case, such as placing a mortgage note on the property in favor of the Syrian partner.

Ownership of property in Turkey by Syrians after obtaining Turkish citizenship

It is not possible for Syrians to own property in Turkey directly in their personal capacity. However, a Syrian can buy property in Turkey after obtaining Turkish citizenship just like any Turkish citizen.

A Syrian can apply for Turkish citizenship after taking one of the following steps:

Obtaining Turkish citizenship for Syrians requires taking one of the following economic steps, which reflect a focus on investment and enhancing the Turkish economy:

• A fixed investment of no less than 500,000 US dollars. This option means making a significant capital investment in Turkey, which contributes to local economic growth. Investments may be in real estate, companies, or any other project that can generate economic returns.
• Providing job opportunities for at least fifty Turkish citizens. This condition requires the applicant to have a company or project capable of employing at least fifty Turkish citizens. This enhances the Turkish labor market and reduces unemployment rates, as well as improves the living standards of employees.
• Depositing an amount of 500,000 US dollars in Turkish banks. This option requires depositing a large sum of money in Turkish banks for a specified period. This contributes to strengthening the state's cash reserves and supports the financial stability of Turkish banks.
  
  These conditions highlight the Turkish government's commitment to attracting foreign investments and developing the local economy, while maintaining job opportunities and improving citizens' living standards.

Other important information and topics, learn more:

• Can Syrians own property in Turkey and obtain Turkish citizenship??

Edited by: Imtilak Real Estate©