RISING TURKEY

President Erdoğan Addresses Representatives of…

President Erdoğan Addresses Representatives of Turkish NGOs in the US Addressing representatives of Turkish NGOs in the US, President Erdoğan said: “If you think you can end DAESH with the PYD and the YPG, you cannot, because they are also terrorist organizations. Could there be a good terrorist? They are all terrorists and evil.” President…
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First Lady said…

First Lady: “July 15 coup attempt is a turning point in the history of our democracy” Delivering an address at a panel titled “The Growth of the Turkish Economy and Advancing Democracy,” at the Harvard Club in New York, First Lady Emine Erdoğan criticized some countries for their silence in the face of the July…
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President Erdoğan Attends…

President Erdoğan Attends Leaders’ Summit on Refugees President Erdoğan, who is in New York to attend the 71st session of the UN General Assembly, addressed a speech at the Leaders’ Summit on Refugees. Drawing attention to Turkey’s efforts to handle the refugee issue, President Erdoğan underlined that the international community had left Turkey alone in…
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416 expos to be held in 2017

The Union of Chambers and Commodity Exchanges of Turkey has published the 2017 Expo Calendar. A total of 416 expos, 114 of them international, have been approved for 2017. According to the 2017 Expo Calendar, the busiest month will be March with 78 expos with an average of 34 expos a month. The largest number…
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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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