Investment guide in Turkey for Yemenis

Are Yemenis allowed to invest in Turkey?

Turkey is considered one of the global investment destinations where businessmen and investors from all over the world invest. The Turkish economy is classified as an emerging economy with a free market characterized by competition, making the country a favored destination for both large and small investors alike.

Turkish laws and regulations regarding investment encourage attracting foreign investment to the country, as Turkey relies on foreign investments as one of the important sources for the national economy.

Turkish laws do not exclude any foreign nationality regarding investment in the country, except in certain cases and sectors, such as those related to national and strategic security, or those subject to reciprocity laws such as investment in the real estate sector, for example, where Turkey does not allow some nationalities to own real estate on its land in compliance with this law.

Yemeni citizens holding a Yemeni passport are among the foreign nationalities who have the right to invest in Turkey significantly, and in various sectors and fields without any legal obstacles.

The best types of investment available for Yemenis in Turkey

The Yemeni community of investors residing in Turkey is active in many investment fields and sectors in the country, where Yemeni investors have achieved great successes and good profits. The most important of these investment sectors are as follows:

1. Real estate investment

The Turkish real estate sector is a favored investment field for many foreign investors, including citizens of Yemen, due to the good profit margins it offers in a short period, in addition to other benefits associated with real estate investment in Turkey, such as obtaining legal residency in the country or acquiring Turkish citizenship and obtaining Turkish citizenship.

2. Commercial investment

This sector is based on import and export, where many traders and investors from Yemen are active in exporting and shipping Turkish products to their country. Yemen is considered a large consumer market and relies heavily on imports from abroad.

3. Industrial investment

The industrial sector is one of the investment fields available to businessmen holding a Yemeni passport in Turkey. Foreign investors in this sector can practice their industrial activities by establishing an industrial facility in Turkey legally, and start production and export whether to the Turkish local market or abroad.

4. Tourism investment

Yemeni investment activity in this sector in Turkey is clearly evident, as tourism service companies with Yemeni capital are widespread in Turkey. These companies organize tourist trips to various Turkish regions, in addition to other investments in the tourism sector, such as restaurants, hotels, and tourist residential units.

5. Agricultural investment

Foreigners, including Yemeni nationals, are allowed to invest in the agricultural sector in Turkey. Agricultural investment in the country includes crop cultivation, livestock and poultry farming, and animal production such as eggs, cheese, and meat, in addition to fish farming and more.

Foreign investors in the agricultural sector in Turkey can export their products and sell them outside the country or market them locally within Turkey. Many foreign investors work in agricultural production in Turkey and export to their countries due to the low production costs in Turkey.

Read more about: Yemenis' ownership of real estate in Turkey

Investment conditions in Turkey for Yemenis

Yemeni and foreign investors in general in Turkey are required to comply with the laws and regulations regarding foreign investment in the country, which are enacted by the Turkish government to protect the interests of investors.

These requirements and legal conditions differ depending on the sector in which the foreign investor wishes to invest. However, in general, there are many facilities and privileges granted to foreign investors in the country.

The investment conditions in Turkey for Yemenis are summarized as follows:

• Investing in legal and licensed fields permitted by the government
• The Yemeni must enter the country legally and hold a passport with a validity of at least 6 months
• Complying with tax payment laws and dealing with full transparency regarding profits and work mechanisms
• Contracting with a Turkish legal consultant
• Opening a bank account in Turkey in the name of the investment project
• Having legal residency in the country

Advantages that Yemeni investors receive in Turkey

The Turkish government grants several advantages to foreign investors as encouraging steps to attract foreign investment to the country, and these advantages include Yemeni investors.

The advantages that foreign investors receive in Turkey are numerous, as there is no distinction between a foreign investor and a Turkish citizen regarding tax laws, exemptions, and more.

Foreign investors in Turkey obtain legal residency in the country based on their investment, and this residency includes the investor and all family members. The foreign investor can also obtain Turkish citizenship and the right to citizenship in the country if the conditions of the laws for obtaining Turkish citizenship are met according to the type of investment as specified by Turkish laws and regulations.

Read more about: Yemenis in Turkey - Their Life, Residency, and Investments 2023

Imtilak Real Estate services in the field of real estate investment for Yemeni investors

Imtilak Real Estate provides comprehensive services to all Yemeni clients wishing to invest in real estate in Turkey. The company puts its experience of more than 10 years in the Turkish real estate market at the disposal of foreign real estate investors in the country.

Imtilak Real Estate has a strong friendship with many of its Yemeni clients who have experienced real estate investment in the country or bought property and settled in Turkey.

Imtilak Real Estate, through its offices and branches distributed across the most important states and cities in Turkey, provides the best real estate opportunities in the country, so that the available options suit all clients' desires and purchasing goals, in addition to providing comprehensive services that cover everything the Yemeni investor needs in Turkey.

The services provided by Imtilak Real Estate to its Yemeni clients wishing to own real estate in Turkey include consultancy services, legal services, field services, title deed and residency and Turkish citizenship procedures, as well as after-sales services such as property management, investment, or resale if the client wishes.

Thus, Imtilak Real Estate is classified as one of the best real estate brokerage companies operating in Turkey in the field of selling properties to foreigners, as the company has a good reputation in the market, in addition to its high professionalism and its extensive archive full of clients from different nationalities who are satisfied with dealing with the company and experiencing buying property in Turkey through Imtilak Real Estate. The company provides its services in five different languages.