Looking through emails from readers, I can see that Turkey is becoming an increasingly attractive location for foreigners wanting to invest in personal property. I usually receive questions from different countries and especially from EU countries but I have recently started to receive questions and enquiries from citizens of Bosnia and Herzegovina about residence permits and property purchases. One such email is as follows:
“We are Bosnia and Herzegovina passport holders and now have a new biometric passport which allows us to travel through [the] EU. Since 2009, we have had a Turkish tax number and bank account with money saved in a Turkish bank in ?stanbul. We are now interested in staying in Turkey for one year by renting a property for a one-year period. As you know, we do not need a visa to enter Turkey for a 60-day period. Also, we visit Turkey [twice] every year and leave in 30 days. I [have] worked for [an] American company overseas [for the] last five years. We would like to buy a new property and stay in Turkey for a while. What is the procedure for Bosnian passport holders to apply for a residence permit in Turkey? Is it the same as for all other foreign nationals? Do we need to apply as soon as we get there within 60 days, with [a copy of our] contract for a rental property, tax number and bank statements? Please let me know how much money is required per month for our nationality. Bosnia and Turkey have a reciprocity agreement for property and as far as I know we are allowed to buy property in Turkey (100 percent reciprocity). Thank you and please let me know about the process and the details.”
You can apply for a residence permit at the foreigners department of the main police station. Conditions can change according to the type of residence permit. There can also be some levels of difficulty depending on the nationality of the applicant, but in your case nationality will not pose an issue. You can apply for a residence permit after your arrival in Turkey — in other words, you do not have to wait 60 days. To get a residence permit for long-term residence, you need to submit the following; (i) four passport-sized photos; (ii) passport; (iii) photocopies of the following pages of the passport: the page bearing the applicant’s photo, the page stamped at the last entry and the pages indicating the validity and expiry dates of the passport; (iv) a bank statement or a currency exchange slip testifying to assets in the amount of $300 for each month of intended stay. You are not required to submit a rental contract, but the foreigners department will ask for a permanent address in Turkey and it is very helpful to have a rental agreement at the time of application. In addition, you will be required to either submit a letter from a bank or from a cash office stating your income or submit a statement by a Turkish citizen who will undertake the expenses and costs of your stay.
The conditions for property purchases for foreigners are defined under Article 35 of Property Law No. 2644 and dated Nov. 22, 1934. One of the main conditions is the principle of reciprocity. Reciprocity means that a foreign person can buy property in Turkey only if a Turkish citizen is permitted to buy property in that person’s country: This is called the principle of reciprocity. As you indicated correctly, the principle of reciprocity is in effect between Bosnia and Turkey. In addition, when you apply to a title deed office for a property purchase, they will request permission from the military and the municipality. A response to a title deed request may take one to two months, depending on the workload. You will be given a title deed if the relevant authorities grant permission.
Berk Cektir http://www.berkcektir.av.tr/ The information provided here is intended to give basic legal information. You should get legal assistance from a licensed attorney at law while conducting legal transactions and not just rely on the information in this corner. http://www.todayszaman.com/ email@example.com.