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metro kaya?ehir

metro kaya?ehir

Basaksehir metro opening | Added value to real estate in the region Turkish President Recep Tayyip Erdogan will inaugurate on Saturday, April 8, a new metro line to be added to Istanbul's metro network. In press statements in which the Turkish Minister of Transport and Infrastructure, Adel Kara Ismailoglu, confirmed the opening date, the minister indicated that the new line will be in the Basaksehir area, as it will pass through five stations starting from the main Kent metro station and ending in Kaya?ehir Square. The new line acquires its importance as it connects the CAM Sakura Medical City Hospital in the Kaya?ehir area with the metro network in Istanbul through the branches of the Kent metro station, one of the main stations on the new line. 70,000 passengers per hour in one direction, and Minister Oglu stated that the capacity of the new line reaches the possibility of transporting approximately 70,000 passengers within one hour and in one direction. In a related context, many real estate experts confirmed that the new metro line will directly affect the increase in the value of real estate in the Basaksehir area, which will increase the value of real estate investments in the region.

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New laws for obtaining Turkish citizenship by investment

New laws for obtaining Turkish citizenship by investment

Since mid-June 2022, the amount approved in the real estate investment threshold for obtaining Turkish citizenship has been raised to 400 thousand US dollars. Now it must be proven that at least $400,000 USD in Turkish lira was spent for the investment. This is done through a document called "Exchange Purchase Document" which is provided by the banks. Both the seller and the buyer can make the exchange and obtain this document. It is very important that the amount exchanged on the exchange purchase documents is identical to what is written on the payment receipts and title deed. If the amount exchanged is not compatible with the amount specified on the title deed and the amount written on the payment receipts, this will result in a problem with the sale. Syrians are still unable to invest in real estate even if they hold another passport. There has been no change so far in this regard. Investing by depositing at least $500,000 in a Turkish bank account is still a valid investment method for obtaining Turkish citizenship. However, the deposited amount must be transferred and kept in Turkish lira. However, it is now possible, through a specific financial instrument called the "Protected Lira Program", to make bank deposits for the purpose of citizenship automatically. In fact, it has become necessary to deposit the investment within the framework of this program, which brings a great advantage to protect against the damages of the fluctuation of the Turkish lira against foreign currencies, because it protects bank deposits from the possibility of depreciation of the Turkish lira by undertaking to compensate the losses incurred as a result at certain maturity periods ranging from 3 months and 12 months. The only point to be cautious about is that the maximum maturity period under this program is one year and although it is renewable as per the current rules, we don't know if this scheme will continue in the future years as it is a financial instrument that was recently introduced in the banking system Turkey, especially after the elections, and the new government can cancel or revise this programme. In the early years of the Citizenship by Investment Programme, it was possible for the investor's wives to obtain citizenship. But that hasn't been possible for a while now. Moreover, we believe that this law will not change anymore, as the decision to allow the wives of the investor to obtain citizenship was not very compatible with the Turkish legal system because polygamy is prohibited in Turkey. Moreover, there is a more recent rule that the investor cannot choose which of his wives will get the citizenship but it must be the first wife. Although it is not mentioned in the list of documents required to apply for citizenship, the family record is required in case there is a mismatch at the surname level in the documents of the investor and his children. This means that if the investor is a woman, her family record will be requested automatically because her surname will definitely not match the surname of her children. Last but not least, it used to take a maximum of 5-6 months to process citizenship applications, but now this whole process takes much longer, on average 8-9 months. This is due to a sudden large overload of requests in the system between May and June 2022. In the coming months, the request load will decrease and the pressure on the system will ease. This is why the application process will likely take a shorter time again.

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Istanbul .. Panorama Museum 1453 simulates the conquest of Constantinople

Istanbul .. Panorama Museum 1453 simulates the conquest of Constantinople

Panorama 1453”, a museum in the Topkapi district of Istanbul that simulates the story of the conquest of Constantinople (the name of the city in the era of the Roman Empire) during the reign of the Ottoman Sultan Mehmed the Conqueror. The museum is characterized by a three-dimensional panoramic display, representing the largest panoramic drawings in the world, as it depicts the opening of the city on a platform of 3,000 square meters. The three-dimensional panoramic drawing that the "Panorama 1453" Museum displays to visitors, took 3 years to complete, and is classified as the "Heart of Istanbul". The drawing takes its visitors on a journey through time, through the voices of soldiers in the army of Sultan Mehmed II (the Conqueror) shouting "Allahu Akbar", accompanied by the music of the Ottoman Army Ensemble. While wandering around the museum, visitors feel as if they are facing the real battle on its land, under its skies, and in its time. The museum allows the visitor to keep pace with the events of the battle of conquest in detail, through elaborate drawings that embody the fight of the army of Muhammad al-Fateh against the army of Byzantium. To complete the scene, the museum is keen, in addition to the creative panoramic graphics, to enrich the experience visually through the unique light effects used in it. The Istanbul municipality opened the museum on January 31, 2009, during the era of the then Turkish Prime Minister (current president) Recep Tayyip Erdogan. The museum was set up to commemorate the battle of "Conquest of Constantinople", and the cost of its establishment was $15 million. In "Panorama 1453", the engineers poured the latest technological methods in designing moving images fraught with different effects, so that the visitor suddenly finds himself in an unprecedented three-dimensional outer space. The panoramic drawing displayed by the museum includes about 10,000 figures, and includes depictions of the sky and scenes from the conquest of Constantinople. Here, Sultan Mehmed the Conqueror appears with his army leaders in Topkapi, facing the enemy, and there the drawing depicts the Ottoman military teams with their cannons around the walls of the old city. And between this and that, the drawings show the details of the soldiers' faces, as if they were actually in front of the visitor. During the visit, special binoculars must be used, in order to enjoy the panoramic three-dimensional vision with its maximum aesthetics, and the precise details created by the painters and technicians.

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The mechanism of transmission of inheritance related to foreigners to heirs in Turkey

The mechanism of transmission of inheritance related to foreigners to heirs in Turkey

In recent years, Turkey has witnessed a significant increase in the number of foreigners coming to reside on its lands, which has resulted in an increase in the number of those obtaining Turkish citizenship as well. There is no doubt that residing in Turkey and obtaining its citizenship has raised questions about the courts empowered to consider many different issues related to family, inheritance and others, and about the countries whose law is adopted when considering these cases. In this article, we list to you the mechanism for the transfer of movable and immovable funds, financial assets in banking banks and other assets and property belonging to a foreigner who died in Turkey or who obtained its citizenship, to his heirs after him. According to the relevant clause in private international law, “inheritance follows the national law of the deceased person.” Accordingly, the persons entitled to inheritance are determined, and the proportions of their inheritance rights under the national law of the country of the bequeathed person. However, the other paragraphs of the said legal clause contain rules that constitute an exception to the first paragraph mentioned above. According to these exceptions, "Turkish law is the one approved in dealing with immovable property of the inherited alien." This provision is an order (and not merely a recommendation). As for the movable property of the estate, it is subject to the national law of the country of the bequeather. In this case, a lawsuit can be filed within Turkey, but the ruling is established according to the law of the country of the inheritor in matters related to the movable money in the inheritance. As for the transfer of the inheritance, the inheritance document issued by the Turkish courts grants the heirs of the foreign benefactor the right to inherit his property in Turkey, regardless of whether the estate funds are movable or immovable. According to the provisions of the Turkish Civil Code, everyone has the right to inherit and be eligible for a will, except for those who are not qualified to inherit. Proceeding from this clause, eligibility for inheritance has been linked to 3 conditions: the heir must be alive upon the death of the testator, be eligible to receive the inheritance, and not bear one of the reasons for deprivation of inheritance. The Turkish Civil Code does not include any provisions that would deprive a foreign legatee of obtaining an inheritance document. However, the notary public departments must have access to the data of the souls related to this person completely and correctly, in order to issue the inheritance document for him. Due to the lack of access by the justice departments in Turkey to the data of the souls of foreigners completely and correctly because they are kept in another country, the inheritance document is not issued to foreigners with the notary public departments in Turkey. Therefore, foreigners wishing to obtain this must file a lawsuit with the relevant courts in Turkey. If the inheritance document is required for immovable property, Turkish law is applied, which includes some restrictions with regard to this type of property, which is that if the heir is a foreign person, he must be a citizen of one of the state specified by the President of the Republic, in order to be able to obtain On immovable property through inheritance. It is not possible to ensure the enforcement of recognition of inheritance inventory documents and soul records issued according to legal bases from the courts or directorates of souls in the country of the inheritor, but they can be relied upon as evidence. Documents that show the relationship between the inheritor and the heir can be issued by the directorates of souls in the country of the foreign inheritor, but these documents do not carry the status of limiting the inheritance issued by the court and/or do not replace it in terms of influence. As for the judicial decisions issued in this regard, they are considered as undisputed judicial transactions and do not constitute final rulings. Thus, it is not possible to secure enforcement of recognition of these documents by Turkish courts. The mentioned documents are considered invalid in Turkey. Also, in addition to the conditions for obtaining a valid inheritance document, and if the heirs request the transfer of immovable funds to them through inheritance, it is considered whether the heirs are citizens of one of the 183 countries stipulated in the list issued in 2012 by the Turkish Council of Ministers. After the heir, a citizen of one of these 183 countries, obtains a valid inheritance document in Turkey, and completes the necessary procedures with the Tapu Department, he will also complete the procedures for transferring the ownership of immovable funds to the heir, in the relevant records. However, if the heir does not have the nationality of one of the 183 countries mentioned in the Cabinet list in 2012, he will not be able to obtain the right to inherit from immovable property. In this case, it can be said that the mentioned list of the Turkish Council of Ministers is the determining factor for the heirs of the foreign heir to obtain the immovable funds through inheritance in Turkey. The heirs of the heir holding the nationality of one of the countries whose name is not mentioned in the mentioned list cannot benefit from the right of inheritance except by selling the immovable property that is the subject of the inheritance, and benefiting from its price. The heir is a Turkish citizen and the heirs are foreigners There is no legal difference between the legator and the heirs being foreigners, and the legator being a Turkish citizen and the heirs being foreigners. As we have said, under the relevant law, "inheritance follows the national law of the deceased person". According to Turkish law, the fact that the testator or heir is a foreign citizen does not prevent them from obtaining the inheritance. In the event that the legatee was a Turkish citizen and among his heirs at his death were foreign nationals, Turkish law is also in force and approved in the process of these foreign heirs obtaining immovable funds through inheritance. With regard to movable funds, the national law of the country of the bequeather, that is, Turkish law, is adopted. The restrictions contained regarding the inheritance rights of foreigners in the movable property of the inheritance shall be applicable in this case as well. Courts empowered to look into the matter The law regulating the authority to consider inheritance cases that contain a foreign element, states that “(1) inheritance cases are considered by the courts of the last region in which the deceased (the legator) resided in Turkey. In the event that the deceased was not in Turkey, the courts are considered In the area to which the inheritance belongs, it is authorized to look into the matter.” According to this, the courts located in the area where the immovable property is located are considered to be empowered to hear cases of inheritance. Conclusion Turkish laws are adopted in the mechanism of transferring the movable and immovable funds of a foreign citizen in Turkey, to the heirs, whether the heir died inside Turkey or in another country, because this property was acquired in Turkey. According to this; First: An inheritance determination document must be obtained in order to transfer immovable funds in Turkey through inheritance. Based on the decisions of the Supreme Court of Turkey (Yarg?tay), Turkish courts do not recognize determination of inheritance or wills issued by foreign countries. However, these documents can be used as evidence. Therefore, the inheritance determination document must be obtained from the Turkish courts under Turkish laws. Second: In addition to obtaining the inheritance limitation document (inheritance document) from the Turkish courts, if the foreigner has died outside Turkey, then the death certificate must be obtained and it must explain the “apostille” for the signatory countries to the Hague Treaty, the forensic report and the prosecution documents public, and then submit it to the legal magistrate’s court in the area in which the movable property, subject of the inheritance, is located, or the last area in which the bequeather resided within Turkey. As for foreign nationals of countries that are not signatories to the Hague Treaty, they must have the death certificate certified by the Turkish Consulate in their country. Third: The procedures and transactions of immovable funds must be completed with the municipality to which it belongs. These procedures include reviewing the tax department in the state or district in which the immovable property is located, and the payment of all taxes and real estate fees and others previously incurred on the property subject of the inheritance, and then the procedures related to property transfer taxes are completed. Subsequently, a document confirming the payment of inheritance and transfer taxes for the property is organized and sent to the Tax Department and the Directorate of Education. According to Paragraph (3) of Clause (4) of the Turkish Fee Law No. 492, a Tapu fee of not less than 9 per thousand of the total value of the immovable property subject to the transfer by inheritance that has been indicated by the concerned persons shall be collected. After the fees are paid, the Tapu Directorate organizes a new Tapu document for the heirs of the new owners of this immovable property. Given the large number of papers and transactions related to these procedures, I do not want to go into their details. In this article, I tried to explain the mechanism of the inheritance law for foreigners residing in Turkey or who obtained Turkish citizenship from them. I hope it is useful.

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