The Ministry of Public Works and Settlement has announced the Regulation on the Purchase of Immovables and Limited Rights in rem by Foreign Capital Companies (the “Regulation”) (published in the Official Gazette dated 6 October 2010 and numbered 27721), which abrogates the previous regulation on this matter. The application for the purchase of an immovable shall be made to the governorship of the city where the immovable is located. The governorship shall then correspond with other authorities (such as the Armed Forces); these authorities shall respond to the governorship within 15 days, otherwise the governorship shall assume that the authority has approved the application. Furthermore, a new definition has been added to the Regulation consisting of a “Foreign investor” that can purchase immovables in Turkey.