Property sales to foreigners in strategic zones require military approval - Page 3

cece · #21 03-07-2008, 08:09 AM

Quote:

Originally Posted by TH4S

The law that allows foreign nationals to set up a limited company is there to encourage 'real companies' to invest in Turkiye, owning the property through a company is a ''loophole'', it was never what the law was intended for,

You just want to inform people;

Mr/Mrs Customer comes along, they want to learn how to establish a limited company, How do they do it,..?what will it cost them,..? in sterling please,

And most of all, how long will they need to wait for there Tapu ..?

Did you forget, ! the Turkish Court's are currently very busy, some people may have to wait,

Mr and Mrs Customer comes on monday
We establish the company on tuesday.
And they can take their tapu on wednasday.
Total cost of this operation is for establishing company 1.750 GBP

TH4S · #22 03-07-2008, 09:01 AM

Quote:

cece Mr and Mrs Customer comes on monday
We establish the company on tuesday.
And they can take their tapu on wednasday.
Total cost of this operation is for establishing company 1.750 GBP

I will say it again,
The law that allows foreign nationals to set up a limited company is there to encourage 'real companies' to invest in Turkiye, owning the property through a company is a ''loophole'', it was never what the law was intended for,

In the event a foreign person does form a company in Turkiye for the sole purpose of acquiring property, this may be considered deceiving the authorities, and the latter may always claim that the company was not established for the purpose of trade but only for acquiring property, which is currently forbidden for foreigners. ..

Can you please tell the readers .. Do these customer you have 'established company' for, need or to pay anything else,..?

cece · #23 03-07-2008, 09:17 AM

All established companies are real companies. There is not a format of unreal companies.
This system is not deceiving authorities. Buying a property is also a type of trading. When you establish a company you don't have to sell tomatoes. This is investment company and this company buys property.
These customers don't need to pay anything else.
And when the new laws will come back, they can buy their property from their own company to their own name.

TH4S · #24 03-07-2008, 09:34 AM

This is from your web site .

Quote:

Foreign real persons and trading companies having legal personality established in foreign countries according to the laws of these countries can acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions. In implementation of reciprocity principle, it is essential that real estate acquisition rights given by a foreign country to its own citizens and to trading companies established in foreign countries according to the laws of these countries, are also given to the citizens and trading companies of the Republic of Turkey.

Comply with the current legal restrictions. .? Foreign real persons cannot buy ..

Your customers don't need to pay anything else..?

Dont they need a accountant ..for there established company,?

Dont they need to show x amount in money in the Bank ..?

Buying a property is also a type of trading. ..?

Read my post correectly.
İ said, In the event a foreign person does form a company in Turkiye for the sole purpose of acquiring property, this may be considered deceiving the authorities,

cece · #25 03-07-2008, 09:37 AM

Your customers don't need to pay anything else..? 1.750 GBP establisihng company

Dont they need a accountant ..for there established company,? 1 Year accountant cost is included

Dont they need to show x amount in money in the Bank ..? No they don't need to

Buying a property is also a type of trading. ..? Yes

paul-steve · #26 03-07-2008, 09:44 AM

Somebody seems to missing one vital point

Read my post correctly.
İ said, In the event a foreign person does form a company in Turkiye for the sole purpose of acquiring property, this may be considered deceiving the authorities,

paul-steve · #27 03-07-2008, 09:46 AM

Oops
A Limited Company in Turkey can be set with at least 2 founders. Minimum capital requirement is 5.000 YTL.

cece · #28 03-07-2008, 09:53 AM

Quote:

Originally Posted by paul-steve

Oops
A Limited Company in Turkey can be set with at least 2 founders. Minimum capital requirement is 5.000 YTL.

Yeah, most of the time we make couples partner.
For example Mr.X is %50 partner, Mrs.X %50 partner, Mr. or Mrs is the manager or both of them.
5000YTL thing is not important because they will already buy a property with this company.

TH4S · #29 03-07-2008, 09:58 AM

Company formation Turkey

A Limited Company in Turkey can be set with at least 2 founders. Minimum capital requirement is 5.000 YTL. The liability of the shareholders is limited with the share capital. The founders can be real persons or legal entities.

The registration procedure and documentary requirements of establishing a Limited Company are described in the section on Registration & Documents. In this section, you can view the fundamental features of a Turkish Limited Company and access related sections for more details.

The best place for real advice is to go direct to the Turkish British Chamber of Commerce and Industry web site, then theres no mistakes,

Turkey Business Guide | Limited Companies

Note,
Minimum capital requirement is 5.000 YTL...They ''DO'' need to show x amount in money in the Bank,

To any one else who is reading this thread.

İf you are considering setting up a L.T.D. for the sole purpose to acquire a Turkish property, please take legal advice or talk to a accountant,

İ have said it before, In the event a foreign person does form a company in Turkiye for the sole purpose of acquiring property, this may be considered deceiving the authorities,

cece · #30 03-07-2008, 10:11 AM

Of course if they will not have money in the bank they can't buy also property.