At this time, Turkey is preparing new laws
and regulations in order to become a full member of the European
Union. The expectation is that the process of joining the European
Union will take 2 to 3 years. After that, prices of Real Estate
will most likely rise to a near European level. Therefore this
is the right time for Investing in Turkey, and we have the right
professionals to help you do so.
Turkey has a wide range of opportunities on offer for the foreign
investor. Reasons for investing in Turkey include the following:
The country is strategically situated, close to Central Asia,
the Middle East, North Africa and the European markets.
Agreements between between Turkey and 39 other countries to promote
and protect mutual investments as well as an agreement to preclude
double taxation. Since 1996 there has been a customs union with
the European Union and since 1999 Turkey has been a candidate
member of the European Union.
A very liberal investment climate, including free (international)
movement of capital, profits, dividends and salaries, free-trade
zones and subsidies.
No government price regulations.
A large labour force at relatively low costs.
Large home market with 62 million consumers.
A modern infrastructure.
A prominent European holiday destination.
The World Trade Organisation considers Turkey to be one of the
most dynamic countries.
Although the first law regarding foreign investments dates back
to 1954, Turkey was a relatively closed market to foreign companies
until 1980. Previously, for instance, a Turkish citizen was not
allowed to smoke American cigarettes and therefore the import
and export was at a very low level.
Like many other countries, Turkey found itself in an acute
economic crisis in 1979. Pressurised by the IMF, a policy of far-reaching
liberalisation was chosen, especially focused on attracting foreign
investors and promoting export. One of the main policy decisions
regards the approval of a liberal and flexible foreign investment
policy. The Foreign Investments Act was adjusted and the investment
climate was made more attractive and better tailored to potential
investors.
These opportunities and the liberalisation developments did not
escape foreign investors’ attention. So you can be assured
that your investment in Turkish property will not be lost...
The country is strategically situated close
to the Middle East and the European markets.
Agreements between Turkey and 39 other countries to promote and
protect mutual investments as well as an agreement to preclude
double taxation.
Customs union with E.U. since 1996
A candidate member of the European Union.
A very liberal investment climate, including free (international)
movement of capital, profits, dividends and salaries, free-trade
zones and subsidies.
A large labor force at relatively low costs.
A modern infrastructure.
A well preserved European holiday destination.
The World Trade Organization considers Turkey to be one of the
most dynamic countries.
Newly administered investment regulations for the foreigners
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