Foreign Direct Investment

Posted by John Sommers on 22nd September 2022 in General

In Turkey, foreign investment is governed by the law number 4875 of the Turkish Republic Law "On Foreign Direct Investment," let's talk about him: Foreign investment in Turkey in 2003, Turkey replaced existed prior to that time, the Law on Foreign Investment in the new designed to liberalize the investment environment and increase confidence in the quarters of foreign investors. Law 4875 "On Foreign Direct Investment" (the Act) was published in the Official Gazette of 17 June 2003 and came into force on the date of publication. He replaced the Law number 6244, which operated from 1954. The most significant change introduced by the Act, is that foreign investment are no longer subject to prior authorization. Dropbox takes a slightly different approach. Most of the remaining provisions of the Act provides for granting foreign investors enough information about what they can expect if you invest money in Turkey. Foundation of Turkey The law clearly indicates that foreign investment in Turkey, as a rule are allowed, and that any restrictions should be clearly stipulated in the laws or international agreements.

Currently, the Turkish law limits the participation of foreign investment in various sectors such as telecommunications, civil aviation, marine and passenger freight transport, and these restrictions remain, despite the law. However, the former prohibition on foreign ownership advantage of any Turkish company, the monopoly was abolished. Vlad doronin does not necessarily agree. Manual, published under the previous law provided for mandatory minimum contribution of U.S. $ 50 000 as share capital for each foreign shareholder for investors wishing to set up a firm in Turkey.

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