Evren Özmen
Serbest Muhasebeci Mali Müşavir
Bilirkişi
evrenozmen@ozmconsultancy.com
www.kooperatiflerkanunu.com

Turkey Introduce Techvisa for Startups and Talents

Turkey recently launched the Türkiye Tech Visa Program, a significant initiative aimed at attracting global talent and fostering technological innovation. This program offers three-year work permits to highly skilled professionals and entrepreneurs looking to establish or join tech startups in Turkey. The main goal is to position Turkey as a global hub for technological innovation by simplifying bureaucratic processes and providing financial incentives.

Key features of the program include:

•          Three-year work permits for foreign tech professionals and entrepreneurs.

•          Income tax exemptions for employees working in tech-related industries.

•          Six months of consultancy services (legal, financial, and technical) for entrepreneurs starting companies in Turkey.

•          Companies established in tech parks or incubators may benefit from corporate tax exemptions.

What is Techvisa Turkey?

Techvisa Turkey is a specialized visa program aimed at attracting global tech talent and innovative startups to Turkey. The initiative is designed to help professionals and businesses integrate into the Turkish tech ecosystem by offering various perks, including tax exemptions, work permits, and financial support.

By participating in this program, startups can easily access Turkey’s resources and opportunities while benefiting from government-backed support. Techvisa Turkey is a unique gateway to explore Turkey’s thriving technology sector, providing the perfect environment for innovation and growth.

WHAT ARE THE ADVANTAGES OF TECHVISA TURKEY?

Turkey’s Techvisa Turkey program offers numerous benefits that make relocating and setting up a business easier for tech professionals and entrepreneurs. Below are the key advantages:

1. 3-Year Work Permit

A major benefit of Techvisa Turkey is the 3-year work permit. This extended visa allows talents and startups to focus on their work and long-term projects without the hassle of renewing their visas frequently.

Moreover, the work permit isn’t limited to startup founders. It also applies to employees and partners, meaning you can bring your entire team to Turkey or recruit talents from other countries. The Turkish government provides special exemptions for foreign personnel, ensuring that both partners and employees benefit from this work permit.

2. Welcome Consultancy Service

Moving to a new country can be overwhelming. That’s why Techvisa Turkey includes a Welcome Consultancy Service to help tech professionals and startups settle in. This service offers free consultancy on various important topics, such as:

•          How to establish a company in Turkey.

•          Finding legal experts for navigating tax and legislation.

•          Securing ccess space.

•          Connecting with mentors for guidance.

•          Taking advantage of government support programs.

With this comprehensive support, startups can launch their operations with momentum, knowing they have ccess to vital resources and assistance.

3. Office Opportunities in Technoparks

Setting up a business in a technopark is one of the fastest ways to integrate into Turkey’s tech ecosystem. Techvisa Turkey provides startups with access to over 100 technoparks across the country, offering state-of-the-art facilities and access to research and development centers.

Technoparks are designed to foster collaboration, providing an ideal environment for startups to thrive. Through Techvisa Turkey, companies can easily secure office space in these innovation hubs, gaining proximity to key partners and technological resources.

4. Techvisa Turkey Fund

Financing is a critical concern for startups, and Techvisa Turkey addresses this with the Techvisa Turkey Fund. This fund is dedicated to providing financial support to startups participating in the program.

Access to the Techvisa Turkey Fund helps startups secure the capital they need for product development, expansion, and scaling their operations. With this financial backing, startups can focus on innovation without worrying about funding shortages.

5. Government Supports

Turkey is one of the most startup-friendly countries in terms of government support. Through Techvisa Turkey, startups have access to various forms of financial assistance, including:

•          Project financing for innovative ventures.

•          Branding support to help companies establish themselves in the market.

•          Promotion support to help startups expand into foreign markets.

Startups that join Techvisa Turkey can easily apply for these government grants, ensuring they have the financial resources to grow and scale their businesses.

6. Tax Exemptions

Startups operating under Techvisa Turkey can take advantage of various tax incentives, such as:

•          Value-added tax (VAT) exemptions.

•          Corporate tax exemptions.

•          Customs tax exemptions.

These tax breaks extend to employee premiums as well, effectively eliminating income tax for employees working in technoparks. The savings from these exemptions can be reinvested into your startup, providing more room for innovation and growth.

7. Free Access to Healthcare

Another benefit of Techvisa Turkey is free access to Turkey’s comprehensive healthcare system. All employees working in companies participating in the program are covered by the Turkish government’s health insurance system. The state even pays the insurance premiums for employees, making healthcare one less thing for your team to worry about.

18.09.2024

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