Conveniences of investment in Turkey
One of the main features of the policy of the Turkish authorities is to encourage foreign investors, regardless of the sphere of economy of Turkey. Turkish legislature allows foreign investors to have the same rights as domestic Turkish capital has. It should be noted that business cooperation of foreign investors are also not limited. Foreign investors have a guarantee in the translation of all profits, in the sale of the company, and/ or in its closure. As you may have noticed, regulation of the activities of foreign investments in the Turkish Republic is liberal.
To attract a large entry of foreign investments, there is a system of encouragement and stimulation of a variety of foreign inputs in all sectors of the economy in Turkey. Especially, it is welcomed to invest in tourism, construction, education, health and road.
Turkey is divided into several categories of regions. Depending on the level of investments, there are "normal" districts and "developed" districts. Normal areas of the least developed; these are the regions of the east and center of Turkey. Developed areas include large cities like Ankara, Istanbul, Antalya etc.
One of the incentives that the government gives to foreign investment is a full or partial exemption from governmental taxes, tax incentives in lending, various delays and others. This policy came out to be effective in little time. Influx of investors has increased by 42%. More than a half of the foreign investments in the economy of the Republic of Turkey was on the industry.
Another advantage of capital investment in the Turkish economy is the fact that Turkey is soon to join the European Union (EU); this suggests that supply of products to the EU market is duty-free. In this regard, a number of large investors, particularly carmaker concerns are already cooperating with Turkey.
Despite the fact that Europians tend to be less interested in the Turkish market, yet there are some enterprising entrepreneurs who are already carrying out joint projects, sharing their capitals with Turkish industry in such areas as tourism, wood processing, shipbuilding and other. One of the most popular investment sectors in Turkey is a real estate, from residential (for example apartment in Alanya or Antalya) to commercial (shops and restaurants).
In order to get the benefits, one should get a promotional certificate from the authorities on the management of foreign investment. Authority monitors compliance with your obligations, with the amount of your investment, as well as with the location of the object. Once the certificate is received, you can use incentives for the implementation of a project. You'll be free from taxes, duties and will be able to get a soft loan, etc.
Reward system in Turkey is designed very carefully, so you shouldn’t have any problem and concern about the contribution of funds to the Turkish economy.
If you are willing to invest your capital in Turkey, first consult a specialist to find out more details about the system of benefits and what you will have as a result of investment into the Turkish economy. It’s encouraged to invest in Turkish property - the most profitable industry in the country.
Author: RestProperty
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