Foreign Direct Investments

In accordance with the "Regulation on Employment of Foreign Nationals in Foreign Direct Investments" published in the Official Gazette dated 29/8/2003 and numbered 25214, work permits within the scope are subject to special provisions and it is aimed to issue work permits more easily.

Specific Foreign Direct Investments; in accordance with the Regulation on the Employment of Foreign Nationals in Foreign Direct Investments, a company or branch that falls within the scope of Law No. 4875 and meets at least one of the following conditions is considered as Specific Foreign Direct Investment.

SPECIAL FOREIGN DIRECT INVESTMENT VALUES (2024)

(TL amounts are increased by the revaluation rate determined every year. The revaluation rate determined for 2024 is 58.46%.)

• Provided that the total capital share of the foreign shareholders is at least TRY 12.150.526, the turnover of the company or branch in the last year must be at least TRY 913 million,
• Provided that the total capital share of the foreign shareholders is at least TRY 12.150.526, the exports of the company or branch in the last year must be at least 1 Million US Dollars,
• Provided that the total capital share of foreign shareholders is at least TRY 12.150.526, the company or branch employs at least 250 personnel registered with the Social Security Institution in the last year,
• If the company or its branch will make an investment, the minimum fixed investment amount foreseen is at least TRY 303 million ,
• The parent company has direct foreign investment in at least one other country other than the country where its headquarters is located.

In liaison offices, a maximum of one foreigner holding an authorization certificate is granted a work permit by the Ministry, limited to the period of activity, provided that they have obtained an activity permit from the Directorate General for Incentive Implementation and Foreign Capital of Ministry of Industry and Technology.

KEY PERSONNEL

Personnel of a company established in Türkiye and having legal personality within the scope of foreign direct investment mentioned above, who meet at least one of the following conditions:

A) . Working in the top management or executive position of the company,

. To manage all or part of the company,

. Supervising or controlling the work of the Company's auditors, administrative or technical staff,

. To employ new personnel or to terminate the employment of existing personnel or to make proposals in these matters,

A person who is a company partner, chairman of the board of directors, member of the board of directors, director general, deputy director general, company director, deputy company director and similar positions,

B) A person who possesses knowledge that is considered essential for the company's services, research equipment, techniques or management,

C) In liaison offices, at most one person in whose name an authorization certificate is issued by the parent company abroad.

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