Ownership of Libyans in Turkey, as Turkey is a primary destination for both Arab investors and those wishing to settle in it for work or study, and this led to the Turkish government providing all the continuous facilities as it opened the door to ownership for all foreigners, and it became easy to buy a property in Turkey and transfer ownership from Through the owner or the real estate company, and the ownership is transferred directly to the buyer with everything that accompanies it, in order to obtain a residence permit that contributes to managing all legal matters inside Turkey, and also opening Turkish schools and groups so that everyone can be received, and in that article we will talk about all Regarding the ownership of Libyans in Turkey.
Own the Libyans in Türkiye
Ownership of Libyans in Turkey, where with the increase in demand for real estate from foreign investors, the Turkish government met their desire to own real estate in Turkey, while providing all the necessary facilities, so it opened the door by decisions issued by the Turkish government on May 23, 2012.
It stipulates the approval of Law No. 6302, provided that all restrictions that were imposed on the ownership of real estate for foreigners in Turkey be lifted, which provided many facilities in terms of the conditions that must be met by foreigners who wish to own real estate in Turkey.
The most important advantages of obtaining real estate ownership in Türkiye
Ownership of Libyans in Turkey, where the owner of any property in Turkey is granted a residence permit that grants that person the right to enter and exit the country without the need for an entry visa to Turkey.
Granting the owner of any real estate the right to move between the cities of Turkey with the utmost comfort, and among the rights of this person is that his wife and children be granted real estate residence through the property he owns. The residence period is one or two years, and it is subject to renewal again after the expiration of the period
Also, the Libyan person who owns the property was able to enjoy all the services of Turkey through the residency that became with him, for example, managing government papers and having the right to enroll his children in international and Turkish schools.
The Libyan real estate residence owner can also open an account in the bank in Turkey through his real estate residence and ownership of the property.
Inclusion of Libyans by the Turkish Nationality Law
Ownership of Libyans in Turkey, as the law that was issued in 2018 stipulated to include Libyans.
It also stipulates that the ownership of the property starts from 250,000 US dollars, including Turkish land.
After that, the application for Turkish citizenship takes place after fulfilling all the conditions and papers related to it.
Procedures for completing Libyans owning a property in Türkiye
Ownership of Libyans in Türkiye by bringing a set of the following papers.
A copy of the passport of the owner of this property, translated into Turkish and legalized by the Turkish notary or through the Turkish embassy abroad.
The tax number is extracted by state wishes.
Receipts for payment of title deed fees, which is called a tapu, are required.
It is necessary to bring four personal photos.
The importance of the presence of the person who owns the property or the person authorized by him, with the requirement that he have an agency documented by the Turkish notary.
Turkish real estate is owned by foreigners and Arabs
Ownership of Libyans in Turkey, according to the latest studies, which were carried out by specialized centers in real estate investments in Turkey.
It was found that the number and percentage of foreign people who owned property in Turkey increased by 31% in 2018 compared to 2017. As many as 11,816 apartments were purchased from various Arab nationalities, including Iraq, Saudi Arabia, Libya and Iran.
This is due to the continuous influx of foreigners into the Turkish real estate market and the increase in the percentage of properties that are sold annually.
Since the year 2002, international relations between Turkey and most of the Arab countries have been characterized, due to the developments that have taken place and the beginning of the new investment phase.
Turkey also prevailed in cooperation at all levels and levels, and many countries participated in Arab and foreign investment companies, with large numbers of investors and Arab capital to Turkey’s business markets, with many countries headed by Iraq, Syria, Saudi Arabia, Libya and Jordan.
And after what some Arab countries witnessed in previous years, which was due to the search for alternative options and safe soil, in order to put money and make new investments, the Turkish market paved the way for it to become the ideal choice for many Arab investors.
After that, the demand for residential real estate increased as the first thing in the basic necessities of living and the most important factor in stability, and this also contributed to the provision of facilities by the Turkish government.
