How much do Turkish foreigners earn?

Turkey’s government has announced minimum salary requirements for foreign nationals with work permits. What does the change mean? The gross minimum monthly wage is now 3,577.50 Turkish lira (about US$484.09) and the net minimum monthly wage is 2.825. 00 Turkish lira (about US$382.27).

What are the benefits of being a Turkish citizen?

Benefits of the Turkish Citizenship include free education, full medical assistance, and visa-free travel. Moreover, if investors choose to invest in a Turkish real estate property, they will be able to collect rental returns.

How strong is Turkish Passport?

The holder of the Turkish passport can travel to 72 countries without a visa. Turkish passport is ranked as 38th in the world and 18th in Europe and the holders can also travel to 46 countries that allow them to get a visa on arrival.

How powerful is a Turkish Passport?

Turkish passports are issued in accordance with the Passport Act (No. Ranked in the Henley & Partners Passport Index, a Turkish Passport placed 53rd in 2021.

How much money is rich in Turkey?

Of the 100,200 high net worth individuals (HNWIs) in Turkey with assets of $1 million or more, 5,200 HNWI have net assets of over $10 million. Turkey is followed by the United Arab Emirates, which counts 72,100 HNWIs among its population.

Can a foreigner sponsor an employee to work in Turkey?

New Rule May 2019 the Turkish company or Foreigner employer who sponsors a foreigner employee to enter Turkey with the Work visa, and after entering Turkey within the first 15 days who neglect the SGK social security registration, shall pay 1 month (brut salary fine) to the Turkish government for violation. .

Do foreigners working in Turkey have to contribute to Social Security Fund?

A foreigner working in Turkey and contributing to the social security fund in their home country does not have to contribute to the Turkish Social Security Fund, provided there is a reciprocal agreement between their home country and Turkey.

Do foreigners have to pay into the Turkish health insurance scheme?

Most foreigners with a residence permit and living permanently for at least one year in Turkey, and who do not hold health insurance under the legislation of their home country, must make compulsory monthly payments into the scheme. For some foreigners this scheme is voluntary, but other nationalities have to pay into this scheme or pay a fine.

Do you need a residence permit to work in Turkey?

If you have a valid visa, you do not need a residence permit up to 90 days. On the other hand, foreigners who shall reside, work or study in Turkey, should register themselves at the nearest local police department upon their arrival in Turkey, regardless of the validity of their visa.