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determinant factors
i.e.
, personal, geographical regional, duration,
quantity, quality, ratio, classification and size by foreign natural or
legal persons (entities), which are established in foreign countries in
accordance with laws of their origin countries.
Off-Plan (Pre-Construction) Immovable Properties
The foreign national real persons or incorporated companies which
are established in foreign countries in accordance with laws of their
origin countries, are obliged to submit the projects of an acquired prop-
erty, that has yet to be built, for the approval of the relevant Ministry
within two years. The projects approved upon the determination of
beginning and completion dates shall be sent to the relevant
Directorates of Land Registry for registration under the declaration
columns. The relevant Ministry shall supervise whether the projects
are completed within the determined time limits.
Acquisition by Foreigners of Areas within Military Zones,
Strategic Zones and Private Security Zones
The data relating to maps and coordinates of prohibited military
zones, military security zones and strategic zones shall be provided
within one year (at the latest) following the entry into force of the Law
and the amendment decisions shall be provided within one month (at
the latest) following the date on which amendments made to maps and
coordinates, by the Ministry of Defense to the relevant Ministry that
the General Directorate of Land Registry and Cadastral is affiliated
with.
The data relating to maps and coordinates of private security zones
and amendment decisions on them shall also be provided within the
aforesaid period by the Ministry of Internal Affairs to the relevant
Ministry that the General Directorate of Land Registry and Cadastral
is affiliated with.
Title deed transactions shall be conducted in accordance with the
supplied documents and information upon the expiry of one year from
the entry into force of the Law.
MISCELLANEOUS
379