Turkish Labor Law
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A company or a branch must provide one of the following circumstances to be counted as “special direct foreign investments” :
a) The fact that the company’s or branch’s last annual turnover amounts to at least 61,04 million Turkish Lira, under the condition that the total capital share of the foreign shareholders amounts to at least 812,277 million Turkish Lira,
b) The fact that the company’s or branch’s last annual exports amount to at least 1 million US Dollars, under the condition that the total capital share of the foreign shareholders amounts to at least 812,277 million Turkish Lira,,
c) The fact that at least 250 personnel are employed with the company or branch within the last year, which personnel is registered with the Social Securities Institution, under the condition that the total capital share of the foreign shareholders amounts to at least 812,277 million Turkish Lira,
d) That in case the company or branch shall realize an investment, the minimum fixed investment amount foreseen shall be at least 20.4 million Turkish Lira,
e) The fact that the principal company features any direct foreign investment in at least one more country apart from the country where its head offices are situated.
