Türkiye
Türkiye is an interesting nation in which several great civilizations have developed since 9,000 BC. The nation was inhabited by the ancient Hittites, Persians, Macedonians, Romans, Byzantines to the Ottomans who have left behind them magnificent architectural, archaeological and historical heritage.
Istanbul and Ankara are the most significant Turkish cities. Whilst Ankara is Türkiye’s capital city, Istanbul is a city of mosques, palaces and stupendous riches, sultans and oriental harems.
Türkiye sits in Eurasia straddling the European and Asian continents. Through investment in the nation, companies can easily access a customer base of over 1.5 billion through Europe, the Middle East and Central Asia.
Why Would People Want to Live in Türkiye?
Why Invest in Türkiye?
GDP
Citizenship for Future Generations
Business Immigration to the USA
Returns on Investment
Healthcare
Educational Facilities
Benefits Offered by Turkish Government to its citizens
If you hold a Turkish passport, you can enter Türkiye under any condition, even if the borders are closed.
The Turkish passport grants its owner access to 126 nations without seeking a visa, among them being Singapore and South Korea. In addition, an investor may be issued a five-year C-2 Schengen visa and a ten-year USA tourist visa.
There are 18 free-zones in Türkiye, and if a company is established in the free zone, tax exemption will be available. For instance, there is no property tax for buildings or lands within the free zones.
Turkey provides universal health care in the sense that medical care is essentially free or greatly subsidized for citizens by having a national insurance plan funded by the government.
Türkiye permits its citizens to hold two citizenships. It implies that investors are not required to give up their initial citizenship.
Türkiye has a comprehensive program of investment incentives that facilitates to reduce the initial cost burden and speed up the returns on investments. The government also provides support programs in terms of many grants, incentives, and loans. With all these incentives provided by the government, it is of great benefit to foreign investors.
Purchased machinery and equipment are exempt from Value-Added Tax (VAT).
The Custom Duty is exempted for foreign supply of equipment and machinery.
Corporate tax is paid with reduction.
The government will pay the employer‘s portion of the social security premium computed for employment.
The income tax determined for employment will be exempt.
A certain portion of the interest to be paid for loans obtained will be covered by the government.
Land is allocated for investment depending on availability, in line with the procedures and principles stipulated by the Ministry of Environment and Urbanization.
Construction expenses are exempt from Value-Added Tax (VAT).
Investor’s infrastructural needs such as electricity, natural gas, etc. can be covered.
Energy expenditures will be partially rebated to the investor.
Government can make a capital contribution of up to 49% of the investment amount.
Public purchase guarantee may be given for goods to be manufactured within the investment scope.
A departure can be made by virtue of a presidential order for authorizations, allocation, permits, licenses, and registrations among other restrictive provisions.
No corporate tax is payable.
No property tax is payable for land and buildings.