The Turkish government has sought to encourage investment in Turkey, especially after being ranked among the best investment areas worldwide. The development witnessed in recent years has made it attractive to investors from around the globe. Additionally, the political and economic stability enjoyed by the country has increased its investment significance.
The Turkish government grants foreign investors the right to choose their desired investment sector without imposing specific fields. They are treated equally to local investors in Turkey, enjoying the same rights and obligations.
Foreign investors in Turkey can repatriate their profits and funds to banks outside Turkey without any imposed restrictions.
The Turkish government offers foreign investors exemption from customs duties on resources imported from abroad, but only for investors holding an investment incentive certificate in Turkey.
Employees and workers in companies have the right to obtain a work permit from the Ministry of Labor and Social Security in Turkey.
Investment confiscation or nationalization is not permitted except in cases serving the public interest, and confiscation is only carried out based on laws and regulations with monetary compensation.
The Turkish government has reduced the income tax and corporate tax rates for foreign investors, aiming to alleviate the burden on investors and increase foreign investment in the country.
Investors holding an investment incentive certificate are exempt from paying value-added tax on non-material resources, equipment, and supplies.
Based on investment fundamentals set by the Ministry of Finance in Turkey, a designated area for large-scale investment is determined, provided the investor holds an investment incentive certificate in Turkey.
The value of tangible capital for foreign investors in Turkey is determined based on Turkish commercial laws and regulations, excluding transferred values of the company and its securities in other countries.
All of these benefits are provided by the Turkish government to foreign investors on its land with the aim of facilitating the investment process, providing a safe environment for their funds, and encouraging investment in Turkey from abroad.
Thus, the Turkish government is able to increase the rate of foreign investment in the country, aiming to achieve advanced positions globally in investment and economics in the coming years.
Turkey has managed to move its economy to top global ranks, occupying the 17th position after being at 111th, according to World Bank data. Additionally, the Turkish Ministry of Economy has stated that the value of foreign cash inflows into Turkey amounted to approximately $145.494 billion over the past 8 years alone.
The ranking of investing countries in Turkey is as follows:
Netherlands: with investments valued at $23.681 billion.
United States of America: with investments valued at $11.280 billion.
Arab countries: constitute a small percentage of investments compared to European countries. The United Arab Emirates ranks 13th, followed by Saudi Arabia in 17th place, followed by Kuwait, Qatar, and Lebanon, respectively.
