Purchasing commercial real estate (offices, shops, hotels, or warehouses) in Turkey offers high yield potential for foreign investors. However, commercial transactions carry higher legal risks than residential purchases.


1. Essential Steps in Commercial Purchases

  • Due Diligence on Zoning (İmar Durumu): Verify with the local municipality that the property matches its registered zoning status and that there are no demolition orders.
  • Lease Contract Auditing: If the property is already rented, analyze the existing lease contract. Under Turkish law, the new owner inherits the lease contract and the tenant enjoys strong protections.
  • VAT (KDV) Exemptions: Foreign corporations and individuals not residing in Turkey can be exempt from the 20% VAT under specific conditions, which must be approved by the tax office before purchase.

Engaging a commercial property lawyer protects your investment from title disputes and tax liabilities.



Frequently Asked Questions (FAQ)

Can Foreigners Buy Commercial Property in Turkey?

  1. Zoning Audit: Verify the commercial zoning permit at the local municipality.
  2. Existing Leases: Review tenant lease contracts as tenants have strong protections.
  3. VAT Refund: Apply for the 20% VAT exemption if buying as a non-resident.