Turkey

When a foreigner decides to buy a vehicle in Turkey, they should be prepared that in addition to the cost of the car, they will have to pay additional taxes. One of the main taxes that foreign buyers encounter is the Special Consumption Tax (Özel Tüketim Vergisi - ÖTV) and the Value Added Tax (Katma Değer Vergisi - KDV) on vehicles.   ÖTV is a tax on goods considered luxury or intended for...

Owning a Car in Turkey as a Foreigner A Growing Market with High Costs The car market in Turkey is actively developing, offering a wide range of new models from various brands through dealerships and showrooms. However, it's important to be aware that due to high taxes, car prices in Turkey are significantly higher compared to other countries. Foreigner Requirements for Car Ownership To purchase a...

Hitting the Road in Turkey: Bringing Your Own Car In recent years, self-guided car travel has surged in popularity. The freedom and convenience it offers are a major draw for many travelers. This has led to a surge in questions: can you bring your own car into Turkey? Temporary Imports: The Six-Month Limit According to Turkish Customs Legislation No. 4458, foreign-registered vehicles can be...

In the country, 17 feature films, 21 TV series, 96 documentaries, 2 TV movies and programs, 31 commercials, and 11 music videos have been shot. Antalya deserves special mention, where Director Guy Ritchie recently finished shooting the film "Ministry of Gentleman's War" about World War II.    Among the major film projects shot in Turkey are "Argo", "James Bond", "Skyfall", "Charlie's Angels"...

With a Turkish passport, an investor can visit the country at any time, travel without a visa to 113 countries around the world, or obtain an E-2 business visa to relocate to the United States.   Turkish citizenship can be obtained in a short period of time with investments starting from $400,000. The Turkish passport simplifies travel around the world and provides other...

Property tax rates: - The annual property tax is 0.1% of the cadastral value of the property. - In major cities, provincial centers, and tourist areas, there is an additional coefficient that increases the rate to 0.2%. - On average, the annual property tax does not exceed $150. - Commercial properties and development plots have higher tax rates.   Commercial real estate and...

If you're considering the possibility of investing in real estate abroad, Turkey is one of the countries worth considering. Today, we will tell you about several reasons why you should pay attention to real estate in this wonderful country.   Firstly, one of the main advantages of investing in real estate in Turkey is high liquidity. The share of the secondary market here is about 70%, which in...

Buying and investing in real estate in Turkey has numerous advantages. First and foremost, Turkey is a rapidly developing country that increased its oil and gas production in 2023, opening up new prospects for the economy and attracting investors.   It is also worth noting that Turkey has opened its first nuclear power plant in partnership with Rosatom, demonstrating the long-term relationship...

The procedure for obtaining Turkish citizenship is a complex and multi-stage process. However, with the assistance of our licensed agency, which has its own legal department, you can obtain Turkish citizenship without any hassle.   Only Turkish lawyers work in our agency, which is an important factor when choosing a partner for a citizenship application. Our specialists possess all the necessary...

The key to success in the next five years, according to the 12th Development Plan in Turkey, involves a series of ambitious goals and indicators. Firstly, a 5% economic growth is expected, which will enable a GDP of $1 trillion 589 billion to be achieved. This economic development will positively affect the citizens' quality of life, as the GDP per capita is expected to reach $17,554. This means an...