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How can foreigners set up their own business in Turkey to qualify for a passport?

Would I qualify for CBI if I enter the restaurant business sector in Turkey?


Answers
  • ADMD Mavioglu & Alkan Law Office
    May 03, 2022

    Turkish CBI with regards to business investments is limited with two options: 1) a fixed capital investment (not purchase of shares but real fixed investment into equipment and machinery etc.) of a minimum $500,000.- in a Turkish corporate entity; 2) generate employment for at least 50 individuals in Turkey. There is no limitation regarding type of business, therefore a restaurant business with such sizes mentioned could become an eligible option.