The Investor-Friendly City
According to the European Cities and Regions of the Future 2018/19 Report by fDi Magazine, Istanbul has been selected as the Top Southern European City of the Future. Moreover, the same report selects Istanbul as the 9th best city regarding business friendliness in the whole European continent.
Turkish law is advantageous in terms of drawing and protecting international investors. Throughout the ages, Istanbul, in particular, embraced all types of investors without any discrimination. Global investors can establish all types of companies identified by the Turkish Code of Commerce and may conduct their business unrestrainedly.
The Most Distinct Advantages Istanbul Introduces to the Investors
- Istanbul’s Investment Efficiency
- Facilitated Licence and Permit Obtaining Processes
- Industrial Competence
- Advanced Production Systems
- Creative and Digital Technology
- Financial,Professional, and Business Services
- Energy and Environment
- Life Sciences and Health
- Istanbul’s Demography
- Istanbul’s Market of Office Spaces
Easy Access to Finance
Whether local or foreign, all enterprises with a business reputation are powerfully supported in terms of finance by the Turkish banking sector. In addition to the traditional banking instruments, projects may be funded through leasing and factoring methods.
Besides the domestic and international banks located in Turkey, various international financial organizations such as the European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), the World Bank and International Finance Corporation (IFC) have been funding many investment projects in Turkey.
Incentives for Developing Local Production Opportunities
In addition to our efforts for boosting international trade, various incentive programs for local production that would emphasize the comparative advantages of the country as well as Istanbul are available. Our Agency will be pleased to share the details of these incentive programs with the investors.
A Plain Taxing System
With the corporate tax rate of 22%, Turkey applies one of the most reasonable corporate tax levels among the OECD countries. The taxation process in Turkey is transparent, clear, and plain.
Rapid Work and Residential Permit Obtaining Processes
All bureaucratic requirements of the executives and employees wishing to reside or work in Turkey are rapidly fulfilled through well-established procedures.