Company Formation Turkey

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Turkish legislation related to investments

Updated on Monday 18th April 2016

Rate this article
5 5 1
based on 1 reviews


turkish_legislation.jpgThe foreign investors who come to Turkey in order to open a company and start doing business in this country should know the main regulations related to foreign investments. The businessmen from abroad are not discriminated by the local authorities or legislation, which is based on the international standards.

The main regulations related to foreign investments in Turkey are the Encouragement of Investments and Employment Law No. 5084 and Foreign Direct Investments Law No. 4875. The double tax treaties are also very important for foreign investors who want to avoid the double taxation of their profits.

The rights of the foreign investors are protected by the law no. 4875 that contains a few measures for the encouragement of foreign investments in order to increase the volume of these activities. The freedom to invest in Turkey is guaranteed to foreign entrepreneurs who have acces to buying in the real estate field and can employ citizens from their countries of residence and have a lot of other privilegies if they decide to set up a company in the special investment zones in Turkey.

Foreign entrepreneurs can’t work in Turkey without a special permit, neither the employees brought from other countries. The work permits can be obtained in nearly a month starting with the date when all the necessary documents are presented at the Turkish embassy or at the offices in Turkey, at the Ministry of Labor.

Protection of investments

The foreign investments are protected by bilateral agreements signed between Turkey and the countries interested in promoting of investments. The main goal of these treaties is to increase the amount of foreign capital in every two countries that have signed an agreement.

These documents contain provisions related to international arbitration when it comes to disputes that can be settled mutual. Turkey has signed bilateral agreements with 75 countries and double tax treaties with 77 countries. The foreign investors from the 77 countries can pay taxes only in one country and not in the both states. In the future, there will be more double tax treaties to be signed, so the foreign investments are expected to grow.

Turkey has also signed a Customs Union Agreement with EU to permit trade without customs restrictions until Turkey will become an EU member.   

The foreign entrepreneurs, interested in opening a company in Turkey, can ask our local representatives for more details about the incorporation procedure.
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Istanbul


Call us now at +90 532 351 66 77  to set up an appointment with our specialists in company formation in Istanbul, Turkey. Alternatively you can incorporate your company without traveling to Turkey.

As a client of CS Yonetim ve Destek Hizmetleri, you will benefit from:

  • - 24 hour response time guaranteed;
  • - cost- efficiency; 
  • - dozens of articles and free information on the Turkish structures.

Tax Calculator

tax-calculator-turkey

Testimonials

mihai-cuc.jpg

The team from CompanyFormationTurkey is very qualified and benefits from extensive expertise in this area. I would definitely recommend them to any entrepreneur decided to start his own business here.

Mihai Cuc, Partner of
Enescu&Cuc; Law Firm
www.romanianlawoffice.com

Read more testimonials

We recommend ClientPedia

This website is marketed by ClientPedia

banner Clientpedia.jpg

We accept online payments

paypal-logomic.png

Facebook page