Investment support institutions in Turkey
This week, we have three different e-mail and three different topics. The first e-mail is from Abbas. He asks;
“Dear Sadettin;
I am an administrative expert in Iran Foreign Investment Company and my job is to provide Iranian Investors with information regarding doing business in other countries. We need brief information on how investors can opt for business in Turkey.
I am looking forward hearing from you. Sincerely, Abbas.”
Dear Abbas, two different establishments study about foreign investments in Turkey. The first of them is Investment Support and Promotion Agency, or ISPAT. The Agency is official institution of government. Official web site of Agency is www.invest.gov.tr.
The second institution about foreign investments is International Investors Association, or YASED. This association is study as a civil organization. Official web site of association is www.yased.org.tr. You can take information about investment process from both institutions.
Health insurance
The second question is from Alan. He asks about health insurance and says;
“Merhaba Sadettin Bey,
I have a war Disablement Pension from UK which entitles me to UK National Health Service treatment whenever I return to UK, without having to wait three months or to become a permanent UK resident. Will I still need to pay for UHI in Turkey? Alan.”
Dear Alan, compulsory health insurance (Universal Health Insurance, or UHI) for foreigners postponing to date of Jan. 1, 2012. So you do not have to apply to UHI in Turkey. If your UK insurance not valid in Turkey, you will have to apply to UHI after Jan. 1, 2012.
Car insurance problem
The last mail is from Dennis. Dennis shares with us car insurance problem. He says;
“Dear Sadettin.
I read each week your column, Local Expats Corner. I want to talk about an experience which I live.
My wife and I have lived in Turkey for over seven years and have had our car insured with one of the biggest insurance companies in Turkey. It was after reading a article reference living in Turkey and driving a car on a UK driving license that had stated, if a UK person lived in Turkey for more than six months having a resident permit, the UK license is invalid.
They confirmed that if we were involved in an accident which was our fault they would not pay out any money. When I asked why after all these years taking our yearly premiums, had they not informed us of this, the reply was that it is not their policy to inform customers about Turkish law. We applied for Turkish driving licences. One does not have to take a test. A simple medical and apply to the traffic police after completing forms. Yours faithfully. Dennis”
I thank Dennis for sharing experiences.
For your questions: [email protected]
www.sadettinorhan.net
“Dear Sadettin;
I am an administrative expert in Iran Foreign Investment Company and my job is to provide Iranian Investors with information regarding doing business in other countries. We need brief information on how investors can opt for business in Turkey.
I am looking forward hearing from you. Sincerely, Abbas.”
Dear Abbas, two different establishments study about foreign investments in Turkey. The first of them is Investment Support and Promotion Agency, or ISPAT. The Agency is official institution of government. Official web site of Agency is www.invest.gov.tr.
The second institution about foreign investments is International Investors Association, or YASED. This association is study as a civil organization. Official web site of association is www.yased.org.tr. You can take information about investment process from both institutions.
Health insurance
The second question is from Alan. He asks about health insurance and says;
“Merhaba Sadettin Bey,
I have a war Disablement Pension from UK which entitles me to UK National Health Service treatment whenever I return to UK, without having to wait three months or to become a permanent UK resident. Will I still need to pay for UHI in Turkey? Alan.”
Dear Alan, compulsory health insurance (Universal Health Insurance, or UHI) for foreigners postponing to date of Jan. 1, 2012. So you do not have to apply to UHI in Turkey. If your UK insurance not valid in Turkey, you will have to apply to UHI after Jan. 1, 2012.
Car insurance problem
The last mail is from Dennis. Dennis shares with us car insurance problem. He says;
“Dear Sadettin.
I read each week your column, Local Expats Corner. I want to talk about an experience which I live.
My wife and I have lived in Turkey for over seven years and have had our car insured with one of the biggest insurance companies in Turkey. It was after reading a article reference living in Turkey and driving a car on a UK driving license that had stated, if a UK person lived in Turkey for more than six months having a resident permit, the UK license is invalid.
They confirmed that if we were involved in an accident which was our fault they would not pay out any money. When I asked why after all these years taking our yearly premiums, had they not informed us of this, the reply was that it is not their policy to inform customers about Turkish law. We applied for Turkish driving licences. One does not have to take a test. A simple medical and apply to the traffic police after completing forms. Yours faithfully. Dennis”
I thank Dennis for sharing experiences.
For your questions: [email protected]
www.sadettinorhan.net
