Buying a property in Alanya? Then you need a "DAB" certificate...

 

Buying a property in Alanya? Then you need a "DAB" certificate...

In today's blog we will tell you what you need to know about the "Döviz Alım Belgesi (DAB)" which translates into "Foreign Exchange Purchase Certificate".

 

It is a document that proofs that an amount equal to the public evaluation (satış bedeli) of the property has been exchanged from foreign currency such as Euro or dollar and into Turkish lira.

 

The document must be presented to the land registry office upon commencing the application for the deed transaction.

 

How to do a DAB certificate
The exchange from foreign currency into Turkish lira must be made from a personal bank account of the buyer, seller or their legal representative and it must be done via a Turkish bank.

 

After the exchange has taken place the bank will issue a physical document which must include:

- Passport number and full name of the buyer

- Full information on the property for which the certificate is used to purchase.

 

This document must be presented to the land registry office upon commencing the application for the deed transaction.

 

The bank will also issue a digital version of the document which the land registry office will have access to.

As with many other documents and procedures in Turkey the DAB certificate is easy to do once you know how to do it.

 

But for the unexperienced there are several pitfalls along the way and in case the DAB certificate is not made correctly the authorities will not accept it.

Common issues are spelling mistakes and lack of information on the certificate.

 

For those who wish to know more about the DAB certificate, we can recommend reading our blog post from when the certificate was originally introduced.

 

Link: http://turkeyblog.2base.com/2022/02/a-new-rule-has-seen-light-of-day.html

 

Happy reading and let us know in case you have any questions.