Developing countries is a potential actor for
Foreign direct investment has an extraordinary role in the
international sectors since it can contribute to remain the rate of
global business. Thanks to FDI, companies or shareholders can
provide a firm via new markets, marketing channels, suitable
facilities and gain access to new technologies in terms of products
and financing. As mentioned above, FDI has chance for a strong
impetus so as to economic development, so FDI becomes crucial role
for developing countries. Since many developed countries who prefer
to invest in developing countries in order to introduce new system
in these countries through FDI. This circumstance is salutary for
both of them which are host countries and the foreign firm.
Turkey is profitable for investment
Turkey has framework of new investment incentives because it is
developing countries which encourage companies to invest and opens
to innovations albeit global economic crisis. In particular, Turkey
has dynamic economy which is reflected financial market and banking
system. Numerous foreign investors prefer to carry on a business
such as infrastructure, financial services, real estate, pharmacy,
energy, transportation and logistics. Notwithstanding all of them
provide to alter structure of society in terms of high technology
and economics, energy sector marks a new epoch for Turkey.
Fundamentally, Turkey needs to expect more investors in energy
sectors since it becomes aware of new energy sources such as solar,
wind and nuclear energy so, these sectors have the edge on
In accordance with this purpose, there are many regulations for
foreign direct investment so as to enhance the rate of investors.
Fundamentally, foreign investors can reach proper conditions
because they cannot face with strict regulations, so there is ease
work-flow. It is vital that new investment incentives program
enables foreign investor to have a benefit in point of customs duty
exemption, tax reduction, land allocation, social security premium
support and VAT exemption.
Turkey serves as a bridge, but should require market
Turkey has an advantage in the way of strategic location since
there is a substantial commerce network and also it has lots of
natural sources which encourage foreign investor to utilize them in
separate sectors. Moreover, Turkey has massive population
approximately 75 million why it is significant that there is an
environment for markets and Turkey has a tendency to promote energy
sector. In consequence of this, there is need for several high
technologies such as renewable energy in order to operate in the
energy sectors. Moreover, escalating of energy demand can pose
problem such as lack of energy consumption because many sectors
which are industry, construction and transportation consume
overabundance energy. Therefore, there should be renewable energy
and Turkey start working recently in this field, but there are not
enough foreign investors.
Turkish market is suitable to keep on rising and tender
convenient opportunities for foreign investors. Turkish government
has already provided new regulations for foreign investors and
brings new incentive law, so this situation is profitable for
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The UK is rocking from the aftershocks in the wake of Brexit and the US Election and the implications of both to the UK economy. If anything is certain, it is that nothing is certain except that the sun will set and rise again the following day.
Since the acronym "BRICs" was created, investment banks, wealth managers and asset managers from high-income countries have been consistently seeking to tap the unexploited potential of the developing world.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).