The investment residence in Turkey is granted to foreign businessmen who own private companies in one of the Turkish cities, and it is a short-term residence of one year, subject to renewal, according to the conditions specified by the Turkish Ministry of Labor and Social Security.
By this residency, you can legally practice your business in Turkey, which guarantees your rights, in addition to enjoying many other advantages that we review in this article, in addition to familiarizing yourself with the conditions for extracting the investment residence.
Advantages of Investment Residence in Turkey
Obtaining an investment residence in Turkey makes you enjoy the following advantages:
- Obtaining Turkish citizenship after 5 years of obtaining residency.
- Maintaining your full legal rights, while ensuring access to all privileges.
- Health insurance for you and your family members, where treatment is at the expense of the state in government hospitals.
- Ease of obtaining a visa for some European countries, such as a Schengen visa.
- It allows you to enter your children in Turkish public schools for free.
- You receive a pension when you reach the age of 60.
Requirement for Obtaining Investment Residence in Turkey
There are certain conditions that the Ministry of Labor and Social Security must approve of your application for residence under investment in Turkey, and these conditions are as follows:
- The company's capital should be 300,000 Turkish liras or more.
- The necessity of appointing five employees of Turkish nationality for each foreign employee who obtains a work permit in the company, with the exception of the company owner.
- Submitting a bank statement for the company in the amount of 110.000 Turkish liras.
- The company's commitment to pay all taxes and social insurance imposed on it under Turkish law.
You can apply for investment residence without having to travel to Turkey; By working as an agency for a legal consultancy company in Turkey, which will take on your behalf the issuance of residency while you are in your country.
So, if you want to extract the investment residence in Turkey, contact us at Trustus, which specializes in Turkish legal and accounting consultancy, so that we will take care of all the procedures related to extracting residence on your behalf, whether you are inside or outside Turkish territory.
Edited by: Trustus Consulting©
