Thursday, May 25, 2017

More Short-Term Property Rentals in Turkey

Short-Term Property Rentals in Turkey - New Regulations

9th May 2017
Overview
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


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


Aware

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.

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