New Rules: Türkiye Becomes More Accessible to Foreign Investors
According to a new regulation by the Ministry of Labor and Social Security, foreign investors who invest at least $100,000 in Turkey will be able to easily obtain a work permit. This change brings hope to many industries, especially construction and real estate. Partners of Tuncay & Barcın Law Firm, attorneys Özer Tuncay and Fatih Barçın, discussed the developments after a visit to the Ministry of Labor and the General Directorate of International Labor.
Attorney Fatih Barçın said, “Recent legislative changes have reduced the interest of foreign investors in our country. However, this new positive regulation provides investors with more guarantees and facilitates their contribution to our labor force. Not only will it activate investor interest, but it will also support local industries, especially construction and real estate, which have been stagnant for a long time.”
Özer Tuncay added, “This regulation will increase the interest of foreign investors in Turkey and reduce labor shortages. “Work permits in exchange for investment will have a significant positive impact on the country’s economy in the long term.”
Prospects for the Construction and Real Estate Sectors
The new regulation has met with a warm response, especially in the construction and real estate sectors, especially in popular areas with foreign investors such as Antalya and Alanya. It is expected to revive sectors that have faced problems obtaining residence and work permits. It is hoped that this will open the way for foreign investors and help overcome the stagnation in the sector.
Industry representatives are closely monitoring the developments. Experts are confident that such changes, simplifying the conditions for investors, will further strengthen Turkey's position as an attractive market for foreign investment. They also expressed their intention to continue to cooperate with the Ministry of Labor and Social Security to find solutions to the difficulties faced by foreign investors.
Organizational details:
According to the new regulation, foreign investors who invest at least 100,000 US dollars will be able to easily obtain a work permit and also allow their families to live legally in Turkey. Lawyers and industry representatives predict that the positive effects of this regulation will become more visible in the coming months, bringing a significant boost to the sectors. This change is expected to not only increase foreign investors’ interest in Turkey, but also make a significant contribution to the country’s economy in the long term.
