Amendments To The Laws Regarding Real Estate Acquisition In Turkey By Foreign Capital Companies.
Mondaq Business Briefing › Nbr. 2008, March 2008
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Amendments To The Laws Regarding Real Estate Acquisition In Turkey By Foreign Capital Companies.
The provisions of Turkish Law relating to real estate acquisition by foreign capital companies have been significantly amended during this legislative year. On November 12, 2008, the government published a regulation outlining the implementation of the amendments. The aim of this paper is to briefly explain the new procedure introduced by the regulation.
Background Previous Provisions Governing Real Estate Acquisition By Foreign Capital Companies Real Estate acquisitions by foreign capital companies, i.e. companies that are incorporated with foreign capital in Turkey in accordance with Turkish Law, or Turkish companies participated in by foreign investors ("foreign capital companies")1, were previously governed by Article 3(d) of the Foreign Direct Investment Law ("FDI Law"). According to Article 3(d) of the FDI Law, fore...See the full content of this document
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