FOREIGN CURRENCY PURCHASE LETTER
Foreign Currency Purchase Letter (FCPL) is a form of receipt that is obtained from a bank proving that the holder of the document has sold an amount of foreign currency to the Central Bank of Rebuplic of Turkey.
In return for the sold amount, the bank basically converts the sum into TL and issues a document (the FCPL) to be the ground for legal transactions.
Foreign nationals who invest via depositing a fund in a Turkish bank or purchasing properties in Turkey and persons (real/legal) who export goods and/or services from Turkey must obtain a FCPL .
The person for whom the document will be issued, her/his attorney or proxy can apply for the issuance of the FCPL.
For the property sale proceedings, the seller of the property can apply for the issuance of the letter as well
The FCPL can be obtained from a public or a private bank that operates in Turkey.
The FCPL must include at least all of the infomation below;
The foreign currencies that can be sold to the Central Bank for the issuance of the FCPL are USD, EUR and GBP.
The FCPL are not limited to any specific duration or use, except, it can only be used by the beneficiary, i.e. the person for whom the letter is issued.
No. The sales price that will be stated on the deed must be the figure in TL that is indicated as the equivalence of the converted amount within the FCPL.