Turkey has significantly eased the required limits for foreigners to acquire Turkishcitizenship to encourage investment, according to new regulations published in the country’s Official Gazette on Sept. 19. The lower limit of fixed capital investments to acquire Turkish citizenship for foreigners has been reduced to $500,000 from $2 million. Foreigners who own real estate in Turkey worth a minimum of $250,000, instead of $1 million, can avail Turkish citizenship. The deposit
The Turkish Government has announced 29 Power Plants are to be privatised, number of Hydroelectric and gas-turbine power plants, along with state-owned companies are on a list to be privatised, according to a written statement published in the Official Gazette 24th June 2015. #turkishenergylaw #energyindustry #mergersandacquisitions #fditurkey #investinginturkey #energydisputes
FDI inflow of 2.7 billion dollars during January and February 2015 with over 70% coming from the EU countries with 325 new foreign funded companies established during the period, although a little down on last year’s figures. Still over 42,000 foreign companies are operating in turkey with foreign capital, and over 24, 000 based in Istanbul #investinginturkey #fditurkey #dollarturkey #BankingTurkey #FinanceLawyerTurkey #bankinglaw
The European Investment Bank (“EIB”) has concluded a EUR 55 million agreement with one of Turkey’s main car manufacturers Türk Otomobil Fabrikası A.Ş. (“TOFAS”) for the R&D project. This is the first EIB loan to a Turkish company within the framework of the InnovFin – EU Finance for Innovators under the EU Horizon 2020 Financial Instruments (“InnovFin”). #competitionlaw #crossbordertransactions #eucorporatelaw #eucompetitionlawyerteam #investinginturkey #turkey #borsavefinans
The Turkish government does not plan to impose sanctions on Russia (even if asked by the US or the EU), and Russian-Turkish relations are not affected by external forces, according to the Turkish Ambassador to Moscow Umit Yardym. "While I was working in Iran I realized that sanctions are not the method to achieve one's political goals. Turkey's position is to follow the decisions made by the United Nations. This is true not only for Turkey, but for all UN member states," he s
Investing In Turkey & FDI Figures Según un pronóstico de Goldman Sachs, el tamaño de la economía de Turquía será la número 14 para el 2050, pudiendo dejar atrás a Italia y Canadá. La legislación de las inversiones en Turquía cumple con las normas internacionales, al tiempo que ofrece un trato igualitario para todos los inversores. La legislación busca proteger los derechos de los inversores y incrementar el volumen de IED por medio de políticas y procedimientos simplificados.