The foreign investment policies have been upgraded with Decrees that took force in 1992 and 1995. The new foreign direct investment law numbered 4875 which was published in the official gazette dated 17 June, 2003 is stipulated as an integral part of that reform program. .
In the new law, Turkey is introducing a national reform program for sustainable growth and development, led by private investments in a liberal marketplace supported by State. .
The new law emphasizes the basics of the liberal investment environment and the equal treatment to the foreign and domestic investors in Turkey. The new law is a big step in the right direction by any measure. As a result of the new law and recent amendments to the Turkish Commercial Code, it has become significantly easier for foreign investor to enter the Turkey. .
Advantage of Investing in Turkey.
The liberalization and the rapid growth of the economy in recent years made Turkey an attractive market for foreign investors. To invest in Turkey means also, to rely on laws protecting foreign capital, working in a totally liberalized environment, being able to recruit qualified labor force and enjoying convertible Turkish currency and free profit and capital repatriation. .
9 Good Reasons for Investing in Turkey:.
Unique geographical location: Turkey enjoys a very special location at the crossroads between East and West, overlapping Europe and Asia geographically. The proxy to the new emerging markets in Middle East and Central Asia creates unique business opportunities.
A strong international investment record: The experience of more than 4000 foreign capital establishments, including 104 of the Fortune Top 5000 companies, confirms Turkey as a predominant investment location. .
A fast developing economy: The average growth rate of 5, 4 % for the last 5 years, which is well above many OECD countries, implies a dynamic and growing economy. WTO outputs also state that Turkey is among the most dynamic 20 countries in the world trade.
