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The Turkish British
Chamber of Commerce and Industry can help
you to start or promote your business in
Turkey. In this section, you can find information
about investing and incorporating companies
in Turkey by foreign investors. You can also
view here the assistance the Chamber can
provide, a list of Company Formation Agents
and links to other commercial service providers
and government authorities. Please select
from below:
FOREIGN INVESTOR
A foreign investor is company registered outside Turkey or a person who is
not a Turkish national or a Turkish national residing outside Turkey.
NEW
TURKISH INVESTMENT PROFILE
Investment in Turkey has been made more appealing by the introduction of
structural changes brought about by the enactment of the new Foreign
Foreign Direct Investment Legislation. The main change is the move from the screening
system to the facilitation and monitoring method. Two government agencies,
the Inter-Governmental Coordination Committee and Investment Promotion Agency,
have been set up to focus on the coordination and promotion of foreign investment.
These infrastructural
developments have added to the investment
attracting assets of Turkey, which has
a large population of about 70 million,
dynamic and fast developing economy,
large domestic market, growing international
investment, highly skilled and competitive
labour, strong telecommunications and
banking, and customs union and EU relations.
Turkey also enjoys unique tourist attractions
and has the potential of being a hub
for the trade with Caucasian, Central
Asian and Middle East countries.
INCENTIVES
FOR INVESTING IN TURKEY
Investment incentives include:
- Removal of the
requirement of the pre-establishment ministerial
approvals for company formation, entitling ‘Turkish
Company’ status to all foreign investment
based companies with the same rights of
and obligations for Turkey based companies.
-
Guarantee of the continuation of existing
investment rights
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Conformity with international standards
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Broadening the definition of a foreign
investor to include companies registered
outside Turkey, non-Turkish nationals and
Turkish nationals residing outside Turkey.
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Exemptions from customs duties, levies
and VAT for imports of some machinery and
equipments.
- A number of exemptions from income
tax and social insurance contributions.
- Energy subsidies
- Incentives applicable in the Free
Trade Zones, the export-oriented special
industrial sites, including exemptions
from corporate and income taxes for manufacturing
companies, customs duty for goods imported
from abroad and the removal of restrictions
on the age or model of imported machinery.
- Protection against Expropriation,
Guarantee of Transfers, Employment of
Expatriates, Access to property and International
Arbitration.
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