Understanding the tax environment when buying a home in Turkey is an important issue for property owners. One of the main tax elements to consider in this process is the Value Added Tax (VAT) on the sale of newly built homes. VAT, which is usually included in the sale price, is paid by the buyer. However, in some cases, the state may cover some or all of the VAT. On the other hand, VAT is usually not...
Profitable investment in Piraeus is a unique chance to live in an ancient seaside city with a modern level of comfort, enjoy the magical Greek nature and have all the benefits of civilization. It is an opportunity to obtain a residence permit, travel freely within the EU, teach children, do business. The lively international seaport and resort is part of Greater Athens. A metro line, ground public...
Changes in real estate taxation are being prepared. According to the government proposal, individuals obtaining credit for the purchase of more than one property will be required to pay a 15% tax on transactions with banks and insurance. Meanwhile, those acquiring their first home will be exempt from the specified tax. Citizens taking out loans for multiple houses will be subject to a 15% tax on...
In 2023, Turkey is home to a number of cities that stand out for the variety of opportunities and unique lifestyles they offer for digital nomads. These cities combine modern workspaces, historical richness, cultural diversity and natural beauty, offering remote workers the opportunity to realise their dream lifestyle. From the energetic atmosphere of Istanbul to the tranquillity of the coastal city of...
1. Troy Museum: This amazing museum is located in the province of Canakkale and has been awarded by the European Museum Academy. It is situated near the excavation site of the ancient city of Troy (yes, that Troy). It houses artifacts dating back 5,000 years. The museum's collection includes around 2,000 exhibits. 2. Zeugma Mosaic Museum in Gaziantep: This is one of the largest mosaic museums in the world....
Winemaking in Turkey has an ancient history, as people have been engaged in this wonderful craft for about 7000 years. Discoveries from excavations, such as ancient jugs and goblets, indicate that grapes have been grown and used for wine production since ancient times. However, the development of winemaking in Turkey slowed down in the last 500 years due to religious restrictions. It was only after...
In Turkey, landlords and tenants can now conclude lease agreements using e-Government (e-Devlet). Starting from 2024, a complete transition to this efficient system is planned. To conclude a lease agreement through e-Government, the following conditions must be met: 1. e-Government password: The landlord and tenant must have an e-Government password or authenticate through a mobile or electronic...
New Regulations for Turkish Residency Permits: Increased Investment Thresholds Effective October 16, 2023, a significant change has impacted the process of obtaining a Turkish residence permit through property investment. This new regulation applies nationwide. Higher Property Value Requirement Under the new regulation, to qualify for a residence permit based on property ownership, the minimum...
According to a study conducted by TUIK, the cheapest and most expensive cities in Turkey have been identified. Let's start with the cheapest cities. According to the data, the most affordable places to live are located in Eastern Anatolia, Southeastern Anatolia, and the Mediterranean region. Among the major cities, Konya, Gaziantep, and Sanliurfa are the most...
Residence permit in Northern Cyprus is one of the attractive options for foreigners who want to obtain the right to live and have comfortable living conditions on this beautiful island. For Russians, Belarusians, and Ukrainians, Northern Cyprus opens its doors within the visa-free regime. Upon entering the country, our compatriots receive a stamp in their passport, allowing them to stay in Cyprus for 1...