Investor Card in Turkey

The Ministry of Labor and Social Security issued the investor card in Turkey, or what is known as the "turquoise card" as a step that falls within its program related to attracting investors from abroad and supporting their investments on Turkish lands. permanent in Turkey.
Granting the investor card in Turkey depends on many considerations set by the Ministry of Labor and Social Security, the most prominent of which is the size of the investment and educational qualifications, in addition to the extent of the investor's experience.
In this article, we will mention the most important information about obtaining an investor card in Turkey, and what privileges the holder of this card will receive in Turkey.

Who is eligible for an investor card in Turkey?

Certainly not every foreigner coming to Turkey for the purpose of work is granted the investor card in Turkey, as he must have a set of required qualifications through which he deserves to obtain the turquoise card, which are:
1 - to have high academic qualifications, so that they have a role in the renaissance Science and Technology in Turkey.
2- To be an investor that contributes to the provision of manpower to the country, so that you undertake investment projects that will have a role in raising the level of the Turkish economy, as you are considered as an investor in Turkey if you have established a company whose capital is not less than 300,000 Turkish liras, the matter Which will enable you to obtain permanent residence in Turkey when establishing the company directly.
But your company must meet some criteria, which are:
- It must have paid all taxes imposed on it by the state.
She must have paid all social insurance imposed on her by the state.
- To appoint 5 Turks in the first year of work for your company in Turkey.
3- To work in the field of import and export.
4- To work in the field of scientific research.
5- To be an athlete who has achieved many successes at the international level by participating in sports activities.
6- To be one of the thinkers and intellectuals, who have a role in spreading culture at the global level.
7- To be one of the politicians who are concerned with issues related to Turkey's national interests.
If you meet one of the above-mentioned qualifications, you will be granted an investor card in Turkey, which we will talk about how to apply for in the next paragraph.

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How is the process of obtaining an investor card in Turkey:

Foreign investors residing in Turkey have the right to legally apply for the turquoise card to the responsible authority, where the applications are evaluated, by studying the application electronically, and then responding to it in cases of acceptance or rejection.
As for foreigners not residing in Turkey, they will have to apply through the Turkish embassies in their country, which in turn will send an electronic request to the Turkish Ministry of Labor to be evaluated electronically.
As for the documents required for submission, they are:
1- Application form.
2- The passport.
3- A copy of the residence.
4- The academic certificate you own, translated and certified by a notary public.
5- Personal photos.
6- Samples of your previous work, whether projects or research.
7- A document that proves the size of your investments
After submitting the necessary documents, the application will be studied and evaluated electronically through the points scoring system, so that the applications that will receive sufficient points are evaluated, within the positive registration system. As for the rejected applications, they are usually due to:
1- Not meeting the criteria required for evaluation.
2- Non-compliance with the international labor policy.
3- Providing false or misleading information and documents.
4- The reasons for employment were not enough.
5- The profession that has been introduced is limited to Turkish citizens only.
6- The Ministry of Interior refused to give the investor permission to enter Turkey and did not grant him an entry visa.
7- Deportation of the applicant.
8- Turkey does not have diplomatic relations with the applicant's country of origin.
9- Not allowing the applicant to work, for several reasons, including public order, health problems, or security.
In the event that you do not have any of the reasons mentioned for refusal, your application will be accepted and you will be granted the investor card in Turkey.
It is worth noting that students of higher education in Turkey can apply for a turquoise card, as follows:
1- University and institute students: they can obtain a partial work permit after the first and second year of their university studies.
2- Postgraduate students (Master’s and Ph.D.): They can obtain a full permit that allows them to work during their studies, and holders of a postgraduate certificate can obtain a work permit more easily, provided that they apply within the first year of the date of graduation.

What privileges will you get when you are granted a turquoise card in Turkey?

We can consider the investor card in Turkey as the green card that is granted in the United States of America, or like the blue card that is granted in the European Union.
This analogy is due to the fact that the turquoise card grants its holder the right of residence and the right to work in Turkey, in addition to giving privileges to the investor's family represented in granting them the right to permanent residence in Turkey. 
Among the most important things that this card grants to the investor:
1- The investor who holds the turquoise card in Turkey obtains all the rights that the Turkish citizen obtains without any deduction, which is the right to education in Turkey’s schools and universities, and the right to receive treatment in hospitals and private and public health centers in Turkey, but he will not get the right to vote.
2- The investor has the right to move between Turkish states, in addition to the possibility of traveling outside Turkey with complete ease.
3- The investor obtains all the rights arising from him in real estate ownership.
4- The investor in Turkey has the priority to obtain Turkish citizenship, and if he obtains Turkish citizenship, he will be exempted from compulsory service in Turkey.
It is worth noting that it is possible to revoke the investor's card in Turkey in some cases, which we will learn about together in the next paragraph.

When is the turquoise card canceled in Turkey?

It is possible to cancel or revoke the investor card in Turkey in the following cases:
1- If the work was done in a way that violates Turkish law.
2- In the event that the specified period of travel, which was determined by the Turkish Ministry of Labor, is not adhered to.
3- If you do not return to Turkey after traveling from it for two full years.
4- If the passport is not renewed.
5- In the event of suspension of work for a period exceeding 6 months.
6- In the event that it was revealed that the documents that were submitted were forged.

Thus, we have come to the end of the article in which we mentioned what the investor card is in Turkey, who is eligible to obtain it, and what documents are required for the application process, in addition to the advantages of obtaining this card, and finally we mentioned the reasons for invalidating or canceling the turquoise card in Turkey.