The Ankara Agreement: An Opportunity for Business Persons to Start Their Businesses in the UK
The Ankara Agreement, also known as the EU-Turkey Association Agreement, is a treaty that allows Turkish nationals to establish businesses in the UK. It was signed in 1963, but it was only in 1973 when Turkey became a member of the European Economic Community (EEC) that the agreement was fully implemented.
Under the Ankara Agreement, Turkish nationals who come to the UK to start their businesses can do so without a work permit. They can also bring their family members and employees with them, and they can stay in the UK as long as their business remains in operation.
To be eligible for the Ankara Agreement, a Turkish national must have a valid passport, a business plan, and sufficient funds to cover the costs of starting a business in the UK.
There are several benefits of starting a business under the Ankara Agreement. First, Turkish nationals can take advantage of the UK`s strong economy and business opportunities. Second, they can access the UK`s education and training programs to learn new skills and improve their businesses. Third, they can expand their businesses to other EU countries through the freedom of movement provided by the agreement.
However, starting a business in the UK is not without challenges. Turkish business persons must comply with UK laws and regulations, including those related to taxes, employment, and health and safety. They must also compete with other businesses in the UK, some of which may have been established for many years.
Despite these challenges, many Turkish nationals have successfully established businesses in the UK under the Ankara Agreement. These businesses include restaurants, cafes, retail shops, and consultancy firms.
In conclusion, the Ankara Agreement provides an excellent opportunity for Turkish nationals to start their businesses in the UK without a work permit. However, they must be prepared to comply with UK laws and regulations and face competition from other businesses. With hard work and perseverance, Turkish business persons can build successful businesses in the UK and contribute to the UK`s economy.