With (b) prepended to the first paragraph of Article 12 of the Law No. 5901 promulgated on July 28, 2016; Those who obtain a residence permit further to (j) of the first paragraph of Article 31 of the Law No. 6458, by investing within the scope and amount determined by the President Foreigners holding the...
With the power of attorney you will give us, we carry out all your transactions on your behalf. Only when your citizenship application is concluded you will have to come to turkey in order to mention your Citizenship ID card and passport.
Will my spouses and children be able to get a citizenship when I get it or not? When you become a Turkish citizen, your spouse, spouses and under age 18 children will become Turkish citizens and they will get the Turkish passport too. Is there a minimum residential requirement? To become a Turkish citizen there...
With buying a real estate (house, hotel, land, immovable property shops, etc.) with the total value of $ 250,000 or depositing $ 500,000 in Turkish banks or the Islamic Participation banks within the boundaries of the Republic of Turkey you can get the Turkish citizenship. Your spouses and children under age of 18 can become...
Turkish Citizenship by investment program has been amended recently on 19th Septemper 2018 and requirements for citizenship by investment has been lowered. As a result; i. Foreigners who bring fixed capital investments of at least $500.000, or ii. Those who has purchased at least $250.000 worth of immovable properties without selling them within three years...
In Turkey, due to the frequent changes of construction regulations and plans, the performance of an agreement may become unfulfilleable or impossible, because of the failure to obtain required licenses after the conclusion of the contract or cancellation of the construction works by the local authorities. In such cases, the answers to the questions “What...
Overall View of Foreign Investments In Turkey By the Law No. 4875 “On Direct Foreign Investments†of 5 January 2003, the previous regulation of the Law on Encouragement of Foreign Investment was abolished. The new law aims to promote direct foreign investments, protection of foreign investors’ rights in the context of investment and investor terms...
Administrative fines, although to a lesser extent comparatively to punishment fines do affect lives of real persons and legal entities in a negative manner. Sometimes, even a low administrative fine may harm the companies through a distruction on the companies’ commercial credit. Our study is limited with the administrative fines which are imposed to generation...
The legal proceedings that can be applied on Turkish Law for the collection of a debt that is not secured with a pledge can be classified as “Execution for Debt” and “Action of Debt”. The creditor who obtained a judgment debt with the Action of Debt can make collection over the debtor’s property ownership with...
This article’s preamble and conclusion parts have been translated into English. The content of it is 13 pages and Turkish version is issued at our website. PREAMBLE Tax evasion crime committed by using forged document is essentially one of the economic crimes committed against state tresuary that is regulated at paragraph B of article 359...
