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Investment Guide

REAL ESTATE ACQUISITION AND INVESTMENT GUIDE IN TURKEY

Turkey, noting significant progress with its developing economy in recent years, investments in construction and real estate sectors, is becoming a center of attraction for institutional and individual investors. In this process, the country offers significant opportunities to foreign investors who need to master local dynamics to make successful investment decisions. As Trem Global team, we are closely following developments in order to provide support to investors in real estate acquisition and investment issues, which are highly dependent on internal and external factors and have unique problems, with our experienced and industry-dominated staff. In order to meet the needs of our customers in Turkey, and to help them achieve successful results in investment decisions we present Real Estate Acquisition and Investment Guide in Turkey to the investors, where we provide sector-specific knowledge. The information in this guide is general, not social, tax or legal advice.

Work Permit

Applications for permission to work in Turkey can be made from Turkey or abroad. Foreigners who will apply from abroad, have to apply with the employment contracts, assignment letters or documents proving the company's partnerships to the units representing the Republic of Turkey in the country in which they are citizens or permanent residents.

  The employer in Turkey is required to make the application via the online system within 10 working days after the application to the representatives and should convey the necessary information and document to the Ministry of Labor and Social Security in person or by mail.

  Foreigners whose work permits deemed appropriate have an obligation to enter Turkey latest within 180 days after the arrangement of their work permits. With the exception of a residence permit for study purposes, foreigners with a residence permit of at least 6 months valid at the date of application or their employers may apply for a work permit. Foreigners in this position do not have the necessity to make an application to the external representation of the Republic of Turkey. The required documents must be sent to the Ministry of Labor and Social Security in person or by mail within 6 working days following the online application.

  The work permit applications made according to the requested documents are finalized within 30 days by the ministry if the documents are whole and complete. In case of missing documents, the applicant is notified and the 30-day period starts as of the date on which the missing documents reach the ministry. Work permit applications results that is positive or negative, in applications made from abroad notification is provided to applicants through the Ministry of Foreign Affairs of the Republic of Turkey.

  Foreigners who enter Turkey by taking a work and residence permit via consulates, need to register in the Address Registration System in Turkey within 20 business days following the date of their entry.

  Work permits for foreigners who will start working in Turkey vary as education, home services, health, tourism, aviation, entertainment and other industries such as direct foreign investment, special foreign direct investment, professional services and liaison offices.

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