There are many days that Turkish citizens celebrate during the year that have a special meaning. It is possible to divide these days into religious holidays and national holidays. Religious holidays are generally special days included in the Islamic religion and are celebrated in Turkey like every Muslim country. These are Eid al-Adha and Eid […]
How to Get a Turkish Passport
Types of Turkish Passport The Turkish Passport is the 39th most powerful passport in the world among 199 countries, and 18th most powerful passport in Europe. Turkish citizens can travel to 115 countries without a visa, to 83 countries with a visa that can be obtained at the airport, and to 7 countries with an […]
New Announcement on Supporting Currency Protected Deposit Accounts
The Law No. 7352 on the Amendment on Tax Procedure Law and Corporate Income Tax Law has been approved by the Grand National Assembly of Turkey. Within the scope of supporting Currency Protected Deposit accounts, the income of corporations to be obtained from these accounts is exempted from corporate income tax. With the amendment, if […]
How to Obtain Residence Permit in Turkey
Advantages of Obtaining Residence Permit in Turkey There are many advantages for foreign nationals who will obtain or want to obtain a residence permit in Turkey. Some of these advantages can be named as investing in a secure future, having a good education life, having quality job opportunities, and benefiting from advanced health care. How […]
2022 Minimum Wage Amount is Announced
Minimum wage amount for 2022 announced by the president is effective as of 1st of January 2022. According to the statement released by the Ministry of Labor and Social Security, gross minimum wage for 2022 has been set as 5.004,00 TRY and net minimum wage has ben set as 4.253,40 TRY. Minimum wage amount is increased by 50% […]
Best Locations to Invest in Turkey
Turkey is a country where investments are increasing day by day with a developing economy and a qualified workforce. Turkey, which connects Asia and Europe, has many important transportation points that attract the attention of foreign investors. There are investment incentives offered to foreign investors in many sectors such as real estate, agriculture, energy, telecommunications, […]
Top Sectors to Invest in Turkey
Turkey attracts investors from many different nationalities all around the world. The biggest reason for this is the positive discriminatory features that it has. These features are a highly skilled workforce, its geopolitical position, its ability to accommodate people of many different nationalities, and its developing economy. Turkey also provides many investment incentive support to […]
Turkey Breaks Record in Wind Power Generation
According to the official data, Turkey’s electricity generation from wind reached the highest share in renewable energy with 20.2 percent. Turkey, which has become the 5th in Europe and 12th in the world in renewable energy installed power, ranks 1st in Europe in geothermal energy and 2nd in hydroelectricity. Turkey also ranks 8th in Europe […]
Turkey’s VavaCars Raises $50 Million in Series B Funding Round
Turkey’s VavaCars, an online trading platform for buying and selling second hand cars, has raised $50 Million in Series B funding round in order to expand its operations both in Turkey and Pakistan. According to the statement released by the company, this new investment will support the brand’s continuous growth and speed up the transition […]
Turkey’s Automotive Market Grows 4.5% in January-October
According to an industry group report revealed the previous week, sales of passenger cars and light commercial vehicles in Turkey rose 4.5% in the January-October period of this year, from the same period of last year. The Automotive Distributors’ Association revealed that a total of 614,891 vehicles were sold across Turkey in the first 10 […]