Where the foreign investors hold, individually or collectively, 50% or more shares of the a company, or where the foreign investors do not hold any share of such a company, but have a right to assign or remove the managers of said companies on the condition that the company has legal personality in Turkey, then the company may purchase property in Turkey in accordance with Article 36 of Land Registry Law No. 2644 and the “Decree on Acquisition of Property and Limited in Rem Rights by Companies and Corporations within the Context of Article 36 of Land Registry Law No. 2644”, dated 16.08.2012.
The Land Registry General Directorate has published a circular No. 2012/13 (1735) on “acquisition of property and limited in rem rights by companies with foreign capital”