The Ankara Agreement is a treaty between the European Union and Turkey that was signed in 1963. Its primary objective was to create a framework for Turkey’s eventual accession to the EU. As part of the agreement, Turkish citizens were granted the right to establish businesses and work in certain EU member states.

However, in order to take advantage of the benefits of the Ankara Agreement, Turkish entrepreneurs must meet certain requirements. Here are the key requirements that must be met by Turkish citizens seeking to establish businesses in the EU under the Ankara Agreement:

1. A valid Turkish passport or ID card

To establish a business in an EU country under the Ankara Agreement, Turkish citizens must possess a valid Turkish passport or ID card. This document must be valid for the entire duration of the business establishment process.

2. Proof of financial resources

Turkish citizens must provide proof of financial resources that will support the establishment of their businesses. This may include bank account statements, funding from investors, or other financial resources.

3. A viable business plan

A viable business plan is a critical requirement for any individual seeking to establish a business in the EU under the Ankara Agreement. This plan must be detailed and demonstrate a clear understanding of the market and the potential for profitability.

4. Relevant business experience

Turkish citizens must possess relevant business experience that demonstrates their ability to successfully establish and manage a business in the EU.

5. A clean criminal record

Lastly, Turkish citizens must have a clean criminal record. Any criminal record may disqualify the applicant from establishing a business under the Ankara Agreement.

In conclusion, the Ankara Agreement provides a valuable opportunity for Turkish entrepreneurs seeking to establish businesses in the EU. However, it is essential that the aforementioned requirements are met in order to take advantage of this opportunity. By fulfilling these requirements, Turkish entrepreneurs can establish successful businesses in the EU and contribute to the economic growth of both Turkey and the EU.