|Friday, October 30, 2020
Recently, amendments to the Turkish laws on the movement of foreign investments increased, after achieving great growth by investing in .
Recently, amendments to the Turkish laws on the movement of foreign investments increased, after achieving great growth by investing in these joint-stock companies, solidarity and private legislation, limited liability companies in Turkey, and real estate in Turkey.
As the percentage of investments in Turkey increased in recent years from 8% to 16%, which is the second in foreign investment after Russian investment, as Turkey has turned into an important center for attracting foreign investors due to the size of the economic growth. Therefore, the Turkish government's encouragements and modification of its financial and administrative systems in real estate investment.
The amended Turkish laws provide remarkable facilities for foreign investors, as they give the newly established companies an opportunity that extends from six months to a year to arrange their trade before they are presented for tax accountability and before they achieve the formula of "five Turkish employees for every foreign employee."
But the most prominent headline of Turkish attraction for foreign capital is the amendment of the Turkish nationality law, which reduced the value of the foreign investment in Turkish real estate from $1.000.000 to $250.000 in exchange for obtaining Turkish citizenship.
The amendment of the naturalization law also provides for the possibility of granting Turkish citizenship to those who deposit amounts in the Turkish treasury of about 500 thousand dollars or by employing about 50 Turkish workers in an investment owned by a foreigner in Turkey.
Advantages of investing in Turkey
The distinguished geographical location and the capabilities that Turkey possesses, in addition to the presence of an ambitious vision for the year 2023, mega projects for infrastructure, and commercial and industrial production projects, have made Turkey a great investment opportunity for investors looking for areas with a safe, stable, clear and stable economic horizon.
Investing in Turkey includes a wide range of fields from infrastructure to real estate, through various industries.
The investment legislation in Turkey is described as being easy and compatible with international standards, and it also achieves equality of treatment among all investors.
The high rate of population growth in major cities was observed within the investments in the real estate sector, and thus it plays a vital role in increasing the size and number of new real estate projects that are being established.
The investment law in Turkey granted the right to citizens of 183 countries, including a number of Arab countries, especially the Gulf countries, to invest in real estate in Turkey, thus granting foreigners an investment opportunity to contribute to this architectural activity.
Why invest in Turkey?
Some people wonder about the secret of choosing Turkey to invest in it, although one can successfully invest in his country, but Turkey has several advantages that make it a distinguished country for investment, and among these reasons.
Low corporate income tax from 33% to 20%, and technological development zones and free and industrial zones are characterized by incentives and tax benefits, as there is a total or partial exemption from corporate income tax, and Turkey is characterized by laws that support innovation, research and development.
The infrastructure in Turkey is characterized by advanced high technology in all the things that a successful investment needs, including transportation, telecommunications, advanced maritime transport facilities, and is characterized by its low cost.
They also have the distinction of transporting goods by rail to Central and Eastern Europe.
Transport routes are paved, connecting them to most of the European Union.
The gross domestic product (GDP) more than tripled to reach 800 billion US dollars in 2014, from 231 billion dollars in 2002.
The growth of the economy is very stable in Turkey due to the annual rate of GDP, which has an average growth of 4.7% between 2012 and 2014, according to the Turkish Statistical Institute.
Turkey is the sixteenth largest economy in the world and the sixth largest in the European Union in 2013, and it has a vibrant and mature private sector with exports of $158 billion, an increase of 250% from 2004 to 2014.
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