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A Turkish entity can be registered by a non-resident of any nationality. Thus it can be wholly foreign-owned also. Turkey is expected to be growing at full pace & is the fastest growing economy in Europe. Its GDP has been increased threefold between 2002 to 2012. It boasts of as an institutionalized economy fueled by loads of FDI coming its way.
It is ranked 13th as the most attractive destination for FDI in FDI Confidence Index. Also, it is located strategically in a very convenient location which allows goods & services to flow easily in reduced cost of transportation. It also does have an excellent business environment.
It is 20th best country in the world when it comes to the protection of investors.
Although it is required to obtain a necessary license if it has to operate in a certain industry.
These are the following steps for Company Formation in Turkey–
Turkey boasts of 21 free export processing zones, offering export-oriented foreign company’s indefinite tax exemption. It enjoys
Also, it has a customs union agreement with EU, allowing free movement of exported goods into EU market. Various incentives make it an easy economy to flourish.
It has relatively simple tax laws regulated by Turkish State Tax Authority:
Turkey has embedded 76 taxation treaties with different nations & Free trade agreements with around 22 countries. A Turkey company with a minimum share capital of at least 250000 Euros is eligible for the following tax benefits:
All together Turkey has a liberalized investment economy with good taxation regime to put forth a business. Incentives are applicable for strategic ventures into developmental activities, large-scale investments.
Also Read: Procedure of Foreign Company Registration in India
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