ANNOUNCEMENT 18 May 2015

In May 2015, the government of Turkey announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Law No. 6302:

Title: TAPU KANUNU VE KADASTRO KANUNUNDA DEGISIKLIK YAPILMASINA ILISKIN KANUN

http://www.resmigazete.gov.tr/eskiler/2012/05/20120518-1..htm


Inception date: 18 May 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 3 Mai 2012, the Turkish government eased the limits for foreigners to buy real estate with the law no. 6302. The law allows foreigners to buy up to 30 hectares of land. The limit can be extended to 60 hectares with a special permission.
Before this amendment, foreigners were only allowed to purchase up to 2.5 hectares of Turkish soil.
The state liberalization is restricted to citizens of countries with whom Ankara has signed a reciprocity agreement.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A