Investor Guide

Tourism

As the 6th most popular tourist destination in the world and well on its way to attracting more than 40 million tourists annually within the next couple of years, Turkey continues to present vast investment opportunities in both the established and newly-developing subsectors of the industry. With its favorable location, existing potential, mega projects, and…
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Automotive

The foundations of Turkey’s automotive industry date back to the early 1960s, when the first efforts to develop and produce a Turkish-made passenger car were undertaken. During a period of rapid industrialization and progress, this key sector transformed itself from assembly-based partnerships to a full-fledged industry with design capability and massive production capacity. Between 2000…
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“Those Who Trust and Invest in Turkey Will Never Regret It”

Speaking at the 23rd World Energy Congress, President Erdoğan said: “Turkey has significant investment potential in all areas of energy. Therefore, we invite all energy companies to invest in our country. Those who trusted and invested in Turkey have never regretted it." President Recep Tayyip Erdoğan, accompanied by First Lady Emine Erdoğan, attended the opening…
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Prior to Arrival in Turkey

Work Permit 1. Initial Application One can file an application to obtain a work permit in Turkey either while located in Turkey or abroad. In the case of applications filed abroad, foreigners are required to file an application at a consulate of the Republic of Turkey in the country of which they are a citizen…
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Establishing a Business in Turkey

Overview Turkey’s FDI Law is based on the principle of equal treatment, allowing international investors to have the same rights and liabilities as local investors. The conditions for setting up a business and share transfer are the same as those applied to local investors. International investors may establish any form of company set out in…
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Employees and Social Security

Turkish Social Security System The social security system in Turkey went through a major transformation in 2007, resulting in a more efficient and fast functioning system, based on centralizing the control of different social security funds in a single institution. The three insurance funds, namely SSK, Emekli Sandigi and Bag-Kur, were merged under a sole…
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Taxes

1. Taxes Turkey has one of the most competitive corporate tax rates in the OECD region. The Turkish corporate tax legislation has noticeably clear, objective and harmonized provisions which are in line with international standards. The Turkish tax legislation can be classified under three main headings: 1.1. Income Taxes The Turkish tax legislation includes two…
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Investment Zones

There are three types of special investment zones in Turkey: 1. Technology Development Zones - Technoparks Technology Development Zones (TDZ*) are areas designed to support R&D activities and attract investments in high-technology fields. There are 63 TDZs of which 50 are operational and 13 have been approved and are currently under construction. Advantages of TDZs…
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Demographics

Turkey is located in the GMT+2 time zone that enables it to communicate with both eastern and western countries in the same working day. Population The demographics of Turkey’s population have a positive impact on the country’s economy, representing a window of opportunity in many respects. The young and well-educated population of Turkey is considered…
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Regulatory and Supervisory Authorities

Regulatory and supervisory authorities are established in order to regulate different types of markets, and to supervise and monitor market activities in accordance with these regulations or malfunctions that may occur. Some of the important entities in Turkey are as follows: the Competition Authority, the Energy Market Regulation Authority, the Banking Regulation and Supervision Authority,…
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