Tuesday, September 26, 2017

At last - cost effective International Money transfers - made EASY


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Wednesday, August 16, 2017

Earthquakes in the Bodrum area, Turkey

The earthquakes/tremors are clustered around be the Bodrum area.

The earth would have moved in the Tuzla area and it would have felt very strong as the epicentre was in Dorteppe.

Thursday, May 25, 2017

More Short-Term Property Rentals in Turkey

Short-Term Property Rentals in Turkey - New Regulations

9th May 2017
As many of you may already be aware, the regulations for renting-out your property for short-term lettings has changed. The new regulations have come into force affecting Short-Term Rentals and owners are required to register their guests to the government system.
The system is called ‘Geçici İkamet Yerleri ve Kimlik Bildirme Projesi’ (GİYKİMBİL) or (Temporary Residency and Identification Project).

You must also pay tax for your short-term rentals. This is not new, however, home owners must first set up a Turkish company (sole trader or limited company) in order to comply with tax regulations.

How to Register for GİYKİMBİL
You may visit your local Jandarma or police station in your district to obtain the necessary software (free) and you may also purchase additional software to send the xml files. Companies such as Akçam Bilişim or 3T Bilişim provide this software ('Kimlik Bilgilenirme' Program)

Please note: Rental properties such as Villas or Apartments are classified as 'Pensions'. And these properites will require a license. This must be obtained from the Municipal Council. For this you must set up a Turkish company or register as a work permit holder.

Some of details requested for GİYKİMBİL include:

- Nationality
- Full name
- Date of birth
- Male/Female
- İdentity Number (passport number)
- Arrival dates & Exit dates to the property

Fine for NOT Registering your Property 10,383 TL
Fine for NOT Reporting guests 700 TL per day


According to some district Police & Jandarma (depending on which city you live in)  If the property is rented to family or friends without any commercial interest then you are not required to inform the authorities via the GIYKIMBIL System.

However, you should be aware that if an incident was to occur at the property (without the owner being present) and the guests where not registered via the GİYKİMBİL system, this may cause issues for the home owner.

We suggest you check with your local authority as this information is not consistent throughout the major cities in Turkey. 
Or if you prefer to register every guest regardless of whether or not they are paying, you may do so.
We also provide this service on behalf of the home owner for the Muğla regions & Kaş & Kalkan. (Antalya) Please see below.

Company Set-up
If you would like to set-up a company (sole trader or limited company) for the purposes of short-term rentals we provide a service for company set-up. However, this may not be an economically viable option for property owners with only 1 or 2 properties for Short-Term Rentals.

Saturday, April 8, 2017

Holiday rentals in Turkey 2017

ButThere has been information available for months about the new registration for short term holiday apartments and villas. The problem is as always  Turkey, laws are general issued, without enough information and with very little organisation. Headless chickens come to mind.
Although this new law may well be aimed at controlling the information required to track people location, it is clearly politically motivated against foreign property owners.
Hotels have had it rough, so what better way on ensuring a better season than by restricting foreigners rent is my their properties out. After all it is the rich that have politicians in their back pockets and rich people own hotels. İt is the same the world over.
So here is a very informative article from the Fethiye Times.

Sunday, March 5, 2017

March in Akyaka, Turkey

A gloriously sunny day in Akyaka Beach in Gokova Bay.
Temperatures about 20deg, slight breeze, and clear blue skies.
A perfect day to sit on the beach relax and have a beer, Turkish tea or coffee.

Wednesday, March 1, 2017

Michael Berk on Turkey