Foreign Currency Purchase Certificate (DAB) and Property Payment Compliance Lawyer in Alanya

Foreign Currency Purchase Certificate (Döviz Alım Belgesi – DAB) in Alanya Property Purchases

Pursuant to Article 13 of the Capital Movements Circular of the Central Bank of the Republic of Türkiye (TCMB Sermaye Hareketleri Genelgesi) and the Implementation Guidelines of the General Directorate of Land Registry and Cadastre, foreign nationals purchasing real estate in Alanya are legally required to exchange their foreign currency (USD, EUR, GBP, CHF) into Turkish Lira through a Turkish bank prior to the title deed transfer and present the resulting Foreign Currency Purchase Certificate (Döviz Alım Belgesi – DAB) to the Alanya Land Registry Directorate (Alanya Tapu Müdürlüğü). Without a properly issued DAB certificate, the Land Registry will reject the title deed transfer application. Kalem Law Office, led by Attorney Enes Nergiz (Antalya Bar Association Reg. No. 6281) at Hacet Mah. Adliye Cad. Görer Apt. No:13/5, Alanya / Antalya (opposite Alanya Courthouse), manages the entire banking, DAB, and Tapu settlement workflow for foreign buyers.

Mandatory Legal Elements of a Valid DAB Certificate and Bank Dekont

Even minor clerical errors on a DAB certificate or bank wire receipt (Dekont) can invalidate an application for a title deed transfer, a $200,000 property residence permit (YUKK No. 6458), or a $400,000 Turkish Citizenship by Investment application (TVK No. 5901 Art. 12):

• Mandatory Statutory Disclosures on the DAB: The DAB certificate issued by the Turkish bank must explicitly state the foreign buyer’s full name, passport number or Foreigner Identity Number (Yabancı Kimlik Numarası), the USD equivalent of the exchanged foreign currency, and a declaration that the transaction is executed pursuant to Article 13 of the Capital Movements Circular (or Article 20 of the Turkish Citizenship Regulation for citizenship applicants).
• Who May Execute the Currency Exchange and Wire Transfer: The foreign currency must be sold to the bank either by the buyer personally, the seller, or the buyer’s authorized attorney holding a specific notarized Power of Attorney (Vekaletname). For Turkish citizenship applications ($400,000 USD+), the converted Turkish Lira must be wired from the buyer’s (or authorized attorney’s) account directly to the seller’s bank account with parcel/independent unit details in the transfer description—cash payments or third-party unlicensed exchange transfers are strictly rejected.

Resolving Bank Account Opening Hurdles, MASAK Compliance (Law No. 5549), and Secure Settlement

Foreign buyers in Alanya increasingly face strict Know-Your-Customer (KYC) and anti-money-laundering compliance reviews by Turkish banks under MASAK Law No. 5549 (Law on Prevention of Laundering Proceeds of Crime). Our office prepares apostilled source-of-funds documentation (sale contracts, tax returns, dividend records) to clear bank compliance holds swiftly, opens Turkish tax numbers and bank accounts via Power of Attorney, and utilizes secure settlement structures so the purchase price is never released to the seller without simultaneous unencumbered Tapu transfer. Visit our Alanya Office or Contact page.

Frequently Asked Questions (FAQ) on DAB and Property Payments in Alanya

Can I pay the seller in cash (Euros or Dollars) when buying an apartment in Alanya?

No. For foreign real estate acquisitions at the Alanya Land Registry, presenting a Central Bank Foreign Currency Purchase Certificate (DAB) proving that the purchase price was converted into Turkish Lira through a Turkish bank is a mandatory precondition for registering the Tapu.

Can my lawyer obtain the DAB certificate and pay the seller on my behalf via Power of Attorney?

Yes. Under the Central Bank Capital Movements Circular Art. 13, an attorney authorized by a notarized and apostilled Power of Attorney (Vekaletname) can legally execute the DAB currency conversion and bank transfer on the buyer’s behalf.