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Kusadasi Chamber of Commerce

Member of
Chamber of Commerce
 

Invest in Turkey

                                            
                                                  Why Investing in Turkey?

   In “The experts study the 2005 crystal ball” of Daily Telegraph two of the experts addressed Turkey as the top country to invest:
 
Top country: Turkey. It may benefit from future entry into the EU but even if this does not happen the economy is growing rapidly and there are many investment opportunities.(Annabel Brodie-Smith, communications director, Association of Investment Trust Companies)

Top country: Turkey. The domestic economy is strong, earnings growth should be 25 per cent plus, valuations are good and there is scope for positive surprises in discussions of accession to the European Union (EU). Israel could also provide a wild card for positive political surprises.(Jeremy Tigue, manager of the Foreign & Colonial Investment Trust)

   Real Estate investments by non-resident individuals and corporate entities -transfer of ownership title of a  Real Estate- in Turkey is allowed  on the basis of the reciprocity between two countries.

   The Turkish government views the encouragement and protection of investment as a fundamental element in the development strategy of the nation. To support this aim, the government offers a number of incentives to enhance investment. Local and foreign investors are treated equally; foreign companies can benefit from all the incentives and allowances granted to local companies. This equal treatment is guaranteed by law and by treaties for the reciprocal protection and promotion of investments. Parallel to this, new investment policy for foreign investments in Turkish real estate has been changed by a new legislation in June 2003.

 

The new legislation has set the following changes:

 Foreign companies can now directly purchase properties in Turkey.
Foreign companies and non-resident individuals can now freely buy real estate located anywhere except  within military restricted zones in Turkey.
Each foreign investor can normally buy up to 300.000 sq meters of land in Turkey. Further land requests are subject to approval of Council of Ministers.
Non-resident investor may also invest in Turkish property through a local stock company or limited company (Ltd.)