Rapidly growing young population, qualified labor force, due to its geographical and geopolitical position, Turkey is among the countries preferred by foreign investors.
In 2003, Foreign Direct Investment Law came into force in Turkey by foreign investors and increased the number of companies and continues to grow. With this law, the obstacles to foreign investors have been removed and many advantages have been provided to investors. Moreover, Turkish investors living abroad can benefit from these advantages. We have compiled the advantages of investing in Turkey for foreign investors and for Turkish citizens living abroad who want to invest in Turkey.
Foreigners who invest directly can equally benefit from the opportunities provided to domestic investors. While direct investment company in Turkey to open branches or partners to be done in the form of an existing company. On the other hand, there is no incentive for foreign investors in indirect investments made by buying stocks or bonds. For this reason, and only long-term foreign direct investment in Turkey can benefit from the facilities offered by the state. However, the profits from the activities of foreign investors in Turkey, sales, liquidation and compensation, licensing, management, and similar agreements are provided for earnings can be freely transferred abroad. In addition to all these foreigners who want to invest in Turkey; tax reductions, investment allocation, insurance premiums and similar government incentives.
Foreign investors are existing shareholders agreements with various countries both their own country in order to avoid paying taxes to Turkey. For example, a French citizen who invest in Turkey, not only pays tribute to Turkey because of their activities in Turkey. France does not pay taxes due to these activities. Some of Turkey under the double taxation avoidance agreement negotiated where countries are: USA, Germany, Azerbaijan, China, France, South Korea, Georgia, Iran, Qatar, K.K.T.C., Malaysia, Pakistan, Russia, Singapore, Jordan.
What kind of companies can foreign investors establish?
Foreign investors are anonymous in Turkey, and has the possibility of setting up limited liability company name. Unincorporated company as a non-institutional structure of individual companies because it enables easy installation and low cost Although a number of advantages, even if foreign investment in Turkey is the most preferred type of limited liability and joint stock companies. When establishing a company, the title, headquarters, manager and capital structure of the company should be determined.
Subsequently, the notarized company documents must be recorded in the central registry system and applied to the trade registry directorate. In documents prepared outside Turkey it must be approved by a notary or consulate. In addition, a potential tax number should be obtained for non-Turkish company partners. However, foreign companies may open branch or liaison office in Turkey. These branches do not have any capital obligation at the establishment stage, but this branch also has to register with the trade registry directorate.
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