Turkey News
Earthquake insurance – a comprehensive report
Earthquake insurance is an important issue in the modern world, it should be considered by all homeowners and is a mandatory document.
Earthquakes can cause devastating damage to homes and commercial properties and leave people without a roof over their heads. This is why it is important to make sure you have the right earthquake insurance. In this report, we explain the basics of earthquake insurance and what it covers.
What is the concept of earthquake insurance?
Earthquake insurance is a type of property insurance that covers loss and damage caused by earthquakes.
It is intended to protect homeowners from the financial damage that an earthquake can cause. Earthquake insurance covers not only the structure of the house, but also all other buildings such as garages, sheds and outbuildings.
When purchasing earthquake insurance, it is important to understand what the policy covers. Generally, these policies cover damage caused by ground movements, landslides, and other types of ground movements related to earthquakes.
They do not provide protection against flooding or other weather-related events. It is also important to understand the deductible associated with the policy. The deductible is the amount you must pay before the insurance company will pay for the claim.
Benefits of Earthquake Insurance
Earthquake insurance is an important form of protection for homeowners, helping to cover the costs of repairs and replacements in the event of a devastating earthquake. Here are some of its advantages.
Earthquakes can cause severe damage to your home and in some cases even lead to complete destruction. The policy gives you peace of mind knowing that you are financially protected in the event of a major earthquake.
Earthquake insurance protects you from the financial burden that comes with rebuilding or repairing your home after an earthquake. This coverage can help you pay for costly repairs or replacements required due to seismic activity.
Earthquake insurance can usually be tailored to your individual needs and budget. You can adjust the amount of insurance coverage you receive depending on certain risk factors and geographic location.
Earthquake insurance is often cheaper than many people think. Depending on where you live and how much coverage you want to purchase, the policy is often very affordable and worth the money if a major earthquake occurs in your area.
Purchasing is a great way to ensure you are protected from costly damage caused by seismic activity, and with this coverage you can have peace of mind.
Documents required to purchase earthquake insurance
To obtain this document, you must submit certain documents. This may include:
Submit a copy of the residence permit.
Submit the document with the tax number.
Bring a receipt for payment of earthquake insurance fees.
Proof of ownership of the insured property.
The detailed address of the property.
If you are unsure about what documents are required for your insurance, you should contact your insurance company for clarification.
Properties not covered by earthquake insurance
Earthquake insurance is a specialized type of property insurance that helps protect homeowners and businesses in earthquake-prone areas. However, the insurance does not cover all types of properties, for example:
Abandoned buildings and apartments.
Country houses in villages and popular areas.
Properties that are not licensed by the relevant Turkish authorities.
Buildings not subject to Turkish building regulations.
Buildings threatened with demolition by the Turkish government.
Before you submit an application, it is important to understand what types of properties are covered and what are not.
Costs covered by earthquake insurance
Earthquake insurance can help cover a range of costs related to damage caused by an earthquake, such as:
First the floors.
Secondly, the corridors within the buildings.
Third, the bishop.
Fourth, stairs and electric elevators.
Fifth, the basics of real estate construction.
Sixth, the walls connected to the property.
Costs not covered by earthquake insurance
Earthquake insurance is a good way to protect yourself and your property from the damage an earthquake can cause, but it doesn’t cover everything. Costs not covered by earthquake insurance include:
Cases of death and physical and psychological harm.
Moving costs if you have to leave your home due to damage.
Debris removal costs.
Unemployment.
Repair any non-structural damage, such as: B. on furnishings, devices or other internal items.
Goods in stores.
Rent compensation.
Legal fees if you have to go to court for any reason related to the earthquake.
It is important that you understand what your specific policy covers so you can be sure you are adequately protected.
How much do earthquake insurance fees cost?
Insurance fees vary depending on the location and size of the home, the number of rooms in the property and the age of the building or business insured.
Generally, fees depend on the amount of coverage provided and other factors, such as whether outbuildings or additional buildings need to be covered.
Before making a decision, it is important to obtain important information from different insurance companies to compare rates and coverage levels.
Where is the earthquake insurance fee paid?
Earthquake insurance fees are typically paid in several places, particularly:
Insurance companies.
Turkish banks and expenses.
Post offices and departments.
When is the earthquake insurance fee paid?
The earthquake insurance fee is usually paid to the insurance company. However, keep in mind that the insurance fee is paid annually to ensure you are covered in the event of an earthquake.
In conclusion, every investor undoubtedly needs earthquake insurance information when investing in real estate in Turkey. So you can visit our website to get some information you may need when issuing this document. Don’t hesitate If you want to ask for help, you can now contact our specialized consultants and tell them all your requests and questions. They will reply you as soon as possible.
Real Estate
Apartment for sale in Besiktas Istanbul
Apartments for sale in Besiktas Istanbul is an issue of great importance for foreign investors who want to have the most beautiful investment experience in Istanbul, especially since the area is loud, lively and full of history and culture as it is located on the European side of the city Bosphorus and is therefore a popular tourist destination. The area is also known for its stunning water views and unique architecture. With buildings dating back centuries, it is home to many famous landmarks.
10 reasons to invest in Besiktas
Investing in Besiktas is an excellent choice for investors looking to diversify their investment portfolios.
Located in the heart of Turkey’s largest city, the region offers a range of business and investment opportunities.
The city has a thriving economy with a diverse mix of industry and services, making it an ideal location for investment.
Home to some of the most luxurious properties in the city.
In recent years, major urban renewal projects have taken place in the area, making it even more attractive as an investment opportunity.
In addition, it has a vibrant culture and excellent infrastructure that can help make any investment more profitable.
Additionally, the city is conveniently located close to other major European cities and has easy access to airports and seaports, allowing investors to move their assets with ease.
The waterfront promenade offers a great opportunity for a leisurely stroll or to relax and enjoy the views of the Bosphorus.
The region is home to both international and local companies looking to expand their operations in Turkey.
There is a thriving economic sector that attracts companies from all over the world.
The area is well connected and has a variety of transport options.
With so many advantages, investing in Besiktas is certainly a wise decision that brings great returns.
Services that the Besiktas region is proud of
The area prides itself on offering its residents a variety of services to make their lives easier, from public V
Hospitals in Besiktas
The region also has an excellent healthcare system with several hospitals and clinics offering high quality medical care. The most famous of these are:
Acibadem Fulya Hospital.
Ota and Jinemed Hospital.
Liv Hospital.
Transportation in Besiktas
The area is well connected to public transport.
There are many buses connecting the area to other parts of the city, as well as ferries serving the nearby Bosphorus.
The Metrobus line runs through the area, providing a quick connection to the rest of the city. In addition, several smaller bus routes serve the area.
For those looking for a more scenic ride, the historic tram line offers a unique experience and connects many of Istanbul’s most popular attractions.
For those who prefer an on-demand service, there are also numerous taxis available in the area.
Whatever your needs, Besiktas is sure to have something for you. With its wide range of services and amenities, it’s easy to see why this district is so loved by locals and visitors alike.
The most famous tourist area in Besiktas
Tourism has had a positive impact on the Besiktas region by attracting more visitors to the region and this has led to an increase in economic activity such as: B. opening new businesses, creating more job opportunities and increasing investment in local infrastructure.
In addition, tourism has also enriched the region culturally by offering visitors different perspectives and experiences.
Tourists have also contributed to preserving and promoting traditional Turkish culture and heritage.
The following are the most famous tourist areas in the region:
Yildiz Park.
Besiktas coast near Bosphorus.
Besiktas market.
Sultan’s Palace or so-called Dolmabahçe Palace.
The investment future in Besiktas
The local economy is booming as infrastructure projects and other investments create jobs and spur growth.
Additionally, the region is experiencing a boom in tourism as visitors flock to immerse themselves in its rich history and culture, providing entrepreneurs with numerous opportunities to take advantage of it.
In addition to being a great place to invest in real estate or start a business, the region is also home to some of Turkey’s most promising new technologies.
The region also has great growth potential in the agricultural sector. Local farmers rely heavily on traditional farming methods, but there is also potential for modern farming methods that can increase yields and reduce costs.
There are also many opportunities for investors to support sustainable practices that promote environmental protection while enabling farmers to make profits.
Overall, the Besiktas region, with its rich history and dynamism, offers an attractive investment opportunity with a lot of growth potential.
Residential complexes in Besiktas
There are several luxury residential complexes in the area.
These complexes offer residents the utmost comfort and luxury with amenities such as swimming pools, gyms and spas.
With their breathtaking views of the Bosphorus and the surrounding hills, these complexes offer a calm and peaceful atmosphere.
Residents can also take advantage of nearby shopping and entertainment options, making it a great place to call home.
Strategic location of Besiktas
As one of the city’s oldest neighborhoods, it has a long and fascinating history that you can explore through its many attractions. The area is home to some of Istanbul’s most famous places, including Dolmabahçe Palace and Besiktas Square. There are also many cultural sites, including the Center Ataturk cultural district, as well as a number of shops, restaurants and nightclubs. For visitors looking to experience the best of Istanbul culture, the area is an ideal place to visit.
In conclusion, the article about apartments for sale in Besiktas Istanbul will continue to remain popular as long as most visitors flocking to Turkey want to invest in real estate in Istanbul, especially in the Besiktas region. So do not hesitate to visit our website to learn more about it. To understand the important details on this topic, we also provide you with a selection of expert advisors with whom you can communicate and ask for help.
Turkey News
Benefits of Turkish Passport for Investors
Many investors around the world are pursuing a Turkish passport through investments as it allows them to explore vast territories for abundant profits in a short period of time while realizing their desire for dual citizenship.
In this article you will learn about the main ways to obtain a Turkish passport, as well as many aspects of its benefits, types and other details.
How to get a Turkish passport through investments?
There are many investment options to apply for a Turkish passport including:
Real estate investment
Investing in real estate is one of the most common ways to get approved. Only the price of the property must be at least $400,000 and the property must be held for at least three years. In this context, it is necessary to mention the following: that this method is the fastest and only takes a period of three to six months, and that the property must be acquired by a Turkish citizen and must be verified when applying that it has not been previously was used.
commercial investment
It can be purchased with an investment of at least $500,000 and must be valid for at least three years.
Bank deposit
Many people choose to obtain citizenship through a bank deposit, but the amount must be at least $500,000 and no part of it can be withdrawn before three years.
Employment of 50 Turks
It can also be achieved by establishing an investment company and creating employment opportunities for at least fifty Turks.
The status of Turkish passport worldwide
The Turkish passport has achieved a large and prestigious position worldwide, ranking 37th in 2022. He is expected to continue his progress and gain privileges over others.
Benefits of Obtaining a Turkish Passport
This pass has unlimited privileges and that has attracted many to apply for it. Here are the most important details:
The holder enters 72 countries without the need for a visa.
Its holder automatically receives a visa for 45 countries
Obtains an electronic visa for eight countries.
Its holder can benefit from the various benefits that a Turkish citizen normally receives, such as: B. medical, health, educational, cultural, recreational services and others.
The application can be made immediately after obtaining citizenship, but subsequent processing takes more than thirty days.
The Turkish passport holder does not have to give up his first citizenship and can keep both and benefit from both.
This passport is valid for ten years from the date of issue and can be renewed after this period.
Types of Turkish passports
The Turkish passport is characterized by the fact that it has four types at once and each type is suitable for a certain group of people. Here are the details:
1- The red or ordinary passport, which is carried by all members of Turkish society, including foreigners who have acquired Turkish citizenship, and whose holder enjoys all the above-mentioned benefits.
Papers required to obtain a Turkish passport
Here are the most important papers you need to bring when applying for a Turkish passport:
- A valid photo ID.
- Proof of Address – This can be a utility bill or a rental agreement.
- Birth Certificate – A birth certificate must have been recently issued to be accepted for a passport application.
- A copy of the Turkish citizenship document.
- Two passport photos.
Reasons that encourage the investor to apply for the Turkish passport
For the average citizen, the advantages of the Turkish passport may be more than enough, but for the investor, he has other motives behind his desire to obtain the passport, namely:
- He gets many and unlimited opportunities for his projects and the opportunity to travel and move from one place to another in Turkey and abroad easily and without many procedures.
- The strong and prosperous infrastructure that characterizes the Turkish lands as it includes many strategic projects such as airports, water canals, highways, advanced transportation and others.
- The dynamic Turkish economy, which has been able to make progress in many countries around the world thanks to the strategic plans of the Turkish government and the young population that many European countries lack.
- Turkey enjoys important political stability and maintains many excellent relations with many countries in the world, especially European Union countries and Arab countries.
- Turkey is one of the most important industrialized countries in the world.
- The strategic location in the middle of the world and its simultaneous expansion on two continents, which gave it the characteristics and advantages of the two continents.
Steps to Obtain a Turkish Passport
An appointment must be made via the link provided by the responsible authority on the Internet or by calling 199 and the applicable fees and costs must then be paid via a post office. The cost is reasonable, and the more years, the higher the cost.
On our website we follow many topics of interest to you regarding Turkish laws and regulations related to the Turkish real estate market. To get the best opportunities and options available and suitable for you, do not hesitate to contact our consultants who will accompany you in a unique and distinctive experience and give you a lot of support and advice. , advice, analytical insights and more.
Real Estate
Information on the amount of rental insurance in Turkey
In this blog we will show you important information about the amount of rental insurance in Turkey. Rental insurance is an essential part of rental agreements as it plays a crucial role in protecting tenants’ rights and preserving landlords’ property.
We will discuss the rental laws in Turkey that determine the value and conditions of rental insurance, and you will find out the exact sum insured and the maximum amount the landlord can charge. We also explain how and what insurance pays. There are options available to renters.
About tenancy law in Turkey
Residential rental agreements in Turkey are regulated by the Residential Tenancy Law, which clearly and detailedly defines the terms of the contract and the relationship between tenant and landlord, and also includes the financial agreements between the two parties
The payment of operating costs not related to the personal use of the property is the responsibility of the owner of the apartment and the tenant has the right to deduct these costs from the monthly rent if he has paid them in advance and there are often disputes between Due to a lack of legal knowledge and obligation to pay, the landlord and tenant incur these costs, which also include the basic costs of the apartment and the building and cannot be attributed to misuse.
Für die Instandhaltung und äußerliche Renovierung der Wohnung ist der Wohnungseigentümer verantwortlich und es muss eine Einigung zwischen Eigentümer und Mieter darüber erzielt werden, wer diese Kosten trägt.
If problems arise within the apartment before the tenant takes over, the tenant has the right to request that maintenance and repair work be carried out before taking over and it can also be agreed that the tenant will bear these costs and from the rent deducts monthly rent or future monthly payments
How much is the rental insurance amount in Turkey?
Rental insurance is the amount requested by the tenant as a guarantee to cover any damage to the property or its equipment during the period of his stay due to damage that the tenant may cause as a result of his negligence such as plumbing repairs or bathroom repairs and other issues, and the deposit can also be used to compensate for rental income or expenses that the tenant may not be obligated to pay.
Cases in which the rental insurance sum is not received in Türkiye
If a defect or malfunction occurs in the apartment and its equipment without the tenant being responsible, it is the owner’s responsibility to remedy the defect and he is not entitled to deduct the repair costs from the insured sum in the event of one If the house or its equipment is damaged due to the fault of the tenant, the property owner has the right to deduct the repair costs from the insured sum; in this case the remaining amount cannot be refunded to the tenant.
How is the amount of rental insurance determined in Türkiye?
According to Turkish debt law, all aspects of rental agreements are explained in a chapter entitled “Renting Houses and Covered Workplaces”. The insured value is specified in Article 342 of the above-mentioned law and according to these provisions, the value of the insurance is determined by a percentage that does not exceed the rental value of the property for a maximum period of three months, and according to the law, the landlord cannot exceed this limit in any way case and in other words, the bail cannot legally be more than three months. Tenants and the affected parties must be aware of this regulation before signing the contract between landlord and tenant. The law prohibits the determination of the insured value at amounts exceeding this established limit and permits lesser amounts.
How is the rental deposit paid in Türkiye?
Offers tenants multiple options to pay the deposit, whether in cash or through financial instruments such as bonds, checks and others. In both cases, the aim of the insurance must be to secure the rights of the tenant and not as a gift to the owner of the rented house and the tenant must present the insurance as security for the tenant or deposit it in a bank account as a temporary account, as this Amount is used to cover any damage caused intentionally by the tenant or resulting from his negligence and in the case of cash payment it is preferable not to pay the amount by hand and the operation must be documented by documents, for example the amount can must be paid into a temporary bank account and the purpose of the deposit must be stated. The “insurance” field or similar should be stated in the field “Insurance” or similar to explain the reason for the deposit and the insured value must also be stated in the rental agreement in order to ensure that this amount is paid to the homeowner document, including in the case of payment by B. Documents and checks, these documents can be deposited with the bank to increase authentication and protect against illegal actions on the part of malicious parties.
How can the tenant get the rental deposit back in Türkiye?
If, as already explained, the tenant documents his right to the documents, he does not rely solely on the good faith of the homeowner to return the deposit, but rather the documents are a guarantee of the tenant’s rights and an opportunity for him to get the deposit back His law and the Turkish Tenancy Law stipulate that if he does not notify the bank in writing within three months of the expiry of the contract that he has made a claim against the tenant or is seeking criminal prosecution for breach of contract, the bank must refund the deposit has insurance for the tenant.
The tenant can get the amount back by submitting an application to the bank. In the event that the owner of the property asserts a legal claim or pursues a lawsuit based on the rental agreement, the owner of the property may not deduct any amount from the deposit deposited with the bank until a final decision in the proceedings against the tenant.
Frequently asked questions:
According to Turkish law, the amount of the rental deposit can be a maximum of three months’ rent.
Will the rental deposit be refunded at the end of the rental period?
Yes, provided there is no damage or the tenant violates the agreement, the rental deposit will be fully refunded at the end of the rental period.
What happens if the tenant causes damage to the property?
If the tenant negligently causes damage to the property, the landlord is entitled to deduct the costs of repairing the damage from the rental deposit
Turkey News
Arabic Restaurants in Turkey, a Profitable Investment?
Arabic restaurants in Turkey are a worthwhile investment given the influx of Arab immigrants and tourists from the Middle East, as well as visitors from around the world.
In addition, Turkey’s strategic location, cultural ties and business-friendly climate make it an attractive destination for Arab investors.
By establishing Arabic restaurants in Turkey, investors can benefit from the booming tourism season and enjoy the country’s unique culinary culture.
Arabic restaurants in Turkey offer many advantages, such as an abundance of fresh ingredients, competitive service prices and an established expat community familiar with traditional Middle Eastern cuisine.
Finally, Turkish regulations and procedures make setting up a business in Turkey quite easy.
Motives that promote Arab investments in Türkiye
Turkey is becoming an increasingly attractive destination for investors looking to open a restaurant. The country offers a variety of reasons to invest in the catering industry.
The Turkish economy is growing rapidly and the hospitality industry is thriving.
The low labor and material costs make it an ideal place to start a business.
Additionally, Turkey has a long history of culinary culture, offering investors access to a variety of delicious local dishes.
Additionally, with its strategic location between Europe and Asia, Turkey is a great location for international travelers looking for unique culinary experiences.
In addition, the government offers attractive incentives to foreign investors in Turkey to help them get the most out of their investments in the restaurant sector.
Given all these factors, it is no wonder that more and more investors are looking forward to opening restaurants in Turkey and investing their money in real estate.
Find out more about Arab investments in Turkey
Arab investments in Turkey are spread across many sectors, including real estate, industry, agriculture, tourism, healthcare, and export and import.
The real estate sector has attracted the greatest interest from Arab investors due to its strategic location and competitive prices.
There is also the possibility of obtaining Turkish citizenship through real estate investments.
Other sectors such as tourism have also been successful due to Turkey’s unique tourist attractions and strong medical tourism sector.
In addition to the population of more than 84 million people and the stability of public security, the ease of entry of Arab investors into Turkey has also been an important factor in attracting investments.
Arab investments brought many benefits, including low-cost materials for industrial and agricultural production and strong export opportunities.
Despite these advantages, there are some challenges.
The biggest challenges facing Arab investments
Arab investments in Turkey face some challenges that may impact investment plans. These common challenges include:
inflation
Sometimes this happens due to the devaluation of the local currency (Turkish lira), which can lead to price increases and increased inflation.
Gradual increase in taxes
One of the biggest challenges for Arab investments in Turkey.
Other challenges may get in the way, such as:
Bureaucratic hurdles, restrictive regulations and language barriers. Additionally, political instability and security concerns may deter Arab investors.
The lack of clear laws and regulations regarding foreign investment can pose a problem for potential investors.
In addition, there are difficulties related to exchange rate fluctuations and possible changes in government policies that could negatively impact investments in Turkey.
The Importance of Choosing a Strategic Location for Restaurants in Turkey
The strategic location of a restaurant in Turkey is crucial to its success.
Restaurants in popular areas of the country such as Istanbul, Ankara, Izmir and Antalya are likely to attract more customers due to their visibility and accessibility.
Additionally, restaurants located near popular attractions such as shopping malls, tourist attractions, and universities are likely to attract a larger customer base due to their proximity.
Additionally, restaurants near transportation hubs such as airports or bus stops have the advantage of providing easy access for travelers.
Additionally, restaurants with stunning city or country views can be particularly attractive to customers looking to enjoy a unique dining experience.
Finally, restaurants that offer unique menus or specialize in certain cuisines can be particularly helpful when choosing a strategic location.
By considering all of these factors when choosing a location for a restaurant in Turkey, business owners can maximize their chances of success and increase their investments in the country.
The most famous Arabic restaurants in Turkey
Turkey is home to some of the world’s most famous Arabic restaurants in Istanbul.
Levantine Nights Restaurants: A must for every Arabian traveler. The restaurant is located in Nisantasi, Eminonu, Esenyurt and Fatih. It also has a unique location on a ship in the Bosphorus. In addition to the traditional performances by Arabic artists, guests can enjoy an open buffet dinner with a selection of oriental dishes.
Khan Al Wazir Restaurant in Istanbul:
It offers a menu full of classic Arabic dishes like Mansaf and Kabab Ali Nazik for those looking for more traditional cuisine.
Yemeni Restaurant: Visit the Yemeni Restaurant with branches in Aksaray, Beylikduzu and Taksim.
Cairo Restaurant: If you’re looking for Egyptian food, head to Cairo Restaurant in the Sisli district, which serves authentic Egyptian dishes like molokhia and stuffed pigeons.
Gaza Falafel Restaurant: It is famous for its delicious falafel dishes and beans.
Saroja Restaurant: Another popular spot with two locations in Fatih and Basaksehir, serving traditional Levantine dishes like Yabruk.
Finally, we hope that at the end of this article we have answered all the questions that are in your mind about Arabic restaurants in Turkey and their profitable investments, especially because they play an important role in the country’s economic growth and increase in tourist attraction visitors.