Türkiye has conducted comprehensive reviews specifically for foreign investors, regulating certain concessions and incentives and aiming for the active progression of working life. Below are some details on these concessions and incentives, but for expert advice on process management and legal process management, you can contact our expert team.
- According to the second paragraph of Article 3.a of the Foreign Direct Investments Law No. 4875, foreign investors are subject to equal treatment with domestic investors. The law also eliminates many legal barriers and bureaucratic procedures for foreign investors, transitioning from a permit-approval system to an “information” system. The law does not impose any restrictions on the type of company that foreign real and legal persons want to establish in the legislation, providing foreigners the opportunity to establish all types of companies available in the legislation. Thus, this law equally grants foreign investors the right to establish any type of company that Turkish citizens can establish.
- Net profits, dividends, proceeds from sales, liquidation and indemnity payments, payments to be made in exchange for licenses, management, and similar agreements, as well as principal and interest payments of foreign loans, can be freely transferred abroad through banks or private financial institutions, resulting from the operations and transactions of foreign investors in Türkiye.
- Work permits are issued by the Ministry of Labor and Social Security for foreign personnel to be employed in companies, branches, and establishments established under this Law.
- The Undersecretariat is authorized to grant permission to companies established under foreign country laws to open liaison offices in Türkiye, on condition that they do not engage in commercial activities in the country.
- Foreign investors will have certain tax advantages.
- In the valuation of non-cash capitals, assessments of international appraisal institutions will be taken as a basis.
- Foreign investors establishing a company in Türkiye may resort to national or international arbitration or other dispute resolution methods, provided that the parties agree, in case of legal disputes.
- Finally, there is no requirement for foreign natural or legal persons to personally carry out the application procedures for establishing a company in Türkiye; they can establish a company in Türkiye through a lawyer to whom they have given the necessary powers of attorney in the power of attorney.
