Investing in TURKEY
Shortly after the new government laws were introduced, which has enabled the foreign investors to buy and sell properties and lands in Turkey, the property market attracted the interest of European buyers rapidly. Besides, these new laws, Turkey’s progress on adaptation to E.U by improving the life standards have been appreciated by foreign buyers. Turkey is expected in E.U in the near future which also attracts the foreign investors. Turkey being the least spoiled European country, surrounded by crystal clear seas, long and sandy beaches, green and spectacular mountains, which source the plentiful in number rivers, cutting the fertile lands of Anatolia, this has been some of the most important reasons for the foreigners to move to this sunny country. Especially the Mediterranean Region, with an average of 300 sunny days a year, this has been the most popular place to live.Some other details are given below ;
• The country is strategically situated, close to Central Asia, the Middle East, North Africa 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.
• 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 72 million consumers.
• A modern infrastructure.
• A prominent European holiday destination.
• The World Trade Organisation considers Turkey to be one of the most dynamic countries.